Minutes of the Meeting of the Executive Committee of the Board of
Trustees of the University of Kentucky, March 15, 1963.


          The Executive Committee of the Board of Trustees of the University
of Kentucky met in the President's Office on the campus of the University at 1:30
p.m., EST, Friday, March 15, 1963, with the following members present: Dr.
Ralph Angelucci, chairman, Mr. Robert Hillenmeyer, Dr. H. B. Murray, and
Judge James A, Sutherland.  Mr. Smith Broadbent was unable to attend. Also
present were Dr. A. D. Albright, representing President Dickey, who was ill,
and Mr. George Kavanaugh and Mr. Clay Maupin, representing the Division
of Business Administration.  Dr. E.N. Fergus was a guest.at the luncheon which
preceded the meeting.

         A. Meeting OpeneO

         Dr. Angelucci called the meeting to order and welcomed Dr. Albright,
Mr. Kavanaugh, and Mr. Maupin. He indicated that Judge Sutherland would
serve as acting secretary.


         B. Approval of Minutes

         Attention was called to an error in the date for the Minutes of the
February meeting.  The secretary was requested to see that the date was changed
from Saturday, February 16, to Friday, February 15. With this correction, on
motion by Mr. Hillenmeyer, seconded by Dr. Murray, and carried, the minutes
of the meeting of the Executive Committee of February 15, 1963, were approved
as published.


         C. Financial Report.

         Dr. Angelucci indicated that the members of the Executive Committee
had already examined the financial report and found it to be in order. Mr.
Hillenmeyer moved that the financial report as submitted be accepted and filed.
Dr. Murray seconded the motion, and it carried unanimously.


         D. Approval of Trust Agreement with Mr. Herman W. Schoolcraft

         Mr. Kavanaugh presented a trust agreement appointing Mr. Herman
W. Schoolcraft a trustee to act for the University in acquiring additional land
on Lake Cumberland for use by the 4-H Camp. This trusteeship would permit
the acquisition of needed land at reasonable prices and, as soon as sufficient
funds had been raised to cover the cost of the land, the trustee would convey
by deed to the University, the land held in trust. Mr. Kavanaugh recommended
that this agreement, which had been examined by the University's legal counsel