Minutes of the Regular Meeting of the Executive Committee
of the Board of Trustees of the University of Kentucky July 20,
1938.


     The Executive Committee of the Board of Trustees at the Uni-
versity of Kentucky met in President McVey's office at the Uni-
versity Wednesday, July 20, 1938, at 10:30 a.m.   The members of
the Committee present were Judge R. C. Stoll, Chairman; James
Park and H. S. Cleveland.   Judge John Cooper, member of the Board
of Trustees, met with  the Committee.   President Frank L. McVey
and D. H. Peak, Secretary of the Board, were present.   Notices
were sent to the members for a called meeting of the Board of
Trustees as of this date, but the notices did not comply with th-e
law, and it was decided to hold the regular monthly meeting of
the Executive Committee instead of a Board meeting.


     1. Approval of Minutes.

     The minutes of the meeting of the Executive Committee of
June 29, 1938, were approved as published.


     2. Financial Report.

     The Business Agent stated that delays in closing the year's
business prevented the completion of the June financial report in
time for submission at this meeting.


     3. Meeting Called for July 28, 1938.

     It being impossible to act at this meeting on the question
of refinancing the indebtedness on the lease on Kinkead and Breck-
inridge Halls held by the Security Trust Company of Lexington,
Kentucky, it was decided to call a meeting of the Executive Com-
mittee for July 28, 1938.   Therefore, the Chairman issued the
following call:




                                      July 20, 1938





          A special meeting of the Executive Committee of
     the Board of Trustees of the University of Kentucky was
     called for Thursday, July 28, at 10:30 a.m. in the office
     of the President of the University of Kentucky.