Minutes of the Meeting of the Executive Committee of the Board of Trus-
tees, November 18, 1955.


     The Executive Committee of the Board of Trustees of the University of
Kentucky met in the President, s Office at 12:00 noon, Friday, November 18,
1955, with the following members present: R. P. Hobson, Acting Chairman;
Harper Gatton, Louis Cox and Dr. Ralph J. Angelucci. Absent: Smith D. Broad-
bent. President H. L. Donovan and Secretary Frank D. Peterson met with the
Committee.



     A. Luncheon.

     The Executive Committee met in the Office of the President at 12:00 noon
for luncheon, and immediately after luncheon took up the business on the agenda.



     B. Minutes Approved as Published.

     On motion duly made, seconded and carried, the minutes of the Executive
Committee of October 21, 1955, were approved as published.



     C. Mr. Gatton Excused.

     Mr. Harper Gatton explained that he had a previous engagement to talk
to the Assembly at Transylvania College and asked to be excused.



     D. Financial Report.

     The Vice President, Business Administration, submitted the usual finan-
cial report for the period July 1 to and including October 31, 1955. He explained
that during the four-months period 56. 56% of the estimated income had been real-
ized, and that 31. 88% of the budget estimate of departmental expenditures had
been made. A balance sheet, statement of realized and unrealized income and
operating statement of the various departmental appropriations were submitted
and examined by members of the Committee, and upon motion duly made, second-
ed and carried, received and ordered filed.



     E. Agreement with Kentucky Utilities Company.

     President Donovan reported that it was necessary to install electric ser-
vice wires to cross arms on poles belonging to the Kentucky Utilities Company on
Hilltop Avenue, to service Cooperstown Apartments.  The Company agrees to
install on its poles on Hilltop Avenue from Rose Street to Woodland Avenue a pri-
mary electric circuit consisting of wires, cross arms and accessories at a cost
of $1476. 24, which the University agrees to pay. This portion of the construction