xt7zpc2t558t https://exploreuk.uky.edu/dips/xt7zpc2t558t/data/mets.xml Lexington, Kentucky University of Kentucky 19550410 minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 1955-04-may10. text Minutes of the University of Kentucky Board of Trustees, 1955-04-may10. 1955 2011 true xt7zpc2t558t section xt7zpc2t558t 









        Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, May 10, 1955.


        The Board of Trustees of the University of Kentucky met in the Pres-
ident' s Office at 9:00 a. m. CST, pursuant to adjournment of the meeting of
April 5, 1955, with the following members present: Governor Lawrence W.
Wetherby, Chairman; Guy A. Huguelet, Ben S. Adams, Dr. Ralph J. Angeluc-
ci, Mrs. Paul G. Blazer, M. W. Moore, Smith D. Broadbent, R. P. Hobson
and Thomas A. Ballantine. Absent: Carl Dempewolfe, Paul M. Basham,
Harper Gatton, Wendell P. Butler and J. Stephen Watkins. President H. L.
Donovan and Secretary Frank D. Peterson met with the Board.


        A. Approval of Minutes.

        On motion duly made, seconded and carried, the minutes of the Board
of Trustees of April 5, 1955, were approved as published.


        B. Financial Report.

        The Vice President, Business Administration, made the financial
report for the period July 1 through April 30, 1955. The University General
Fund income realized for this period amounted to $8, 386, 792. 72 of the budget
estimate of $8,472,552.95. The General Fund expenditures and encumbrances
totalled $6, 813, 627. 98 of the appropriations totalling $8,675,698. 40.

        Plant Fund income realized for the period amounted to $117, 258. 86
of the budget estimate of $168, 821. 98. Plant Fund expenditures and encum-
brances for the period amounted to $530, 897. 08 of the appropriations totalling
$897,760. 99. The balance sheet was presented with detailed statement of
operations.

        The Board being advised, upon motion duly made, seconded and car-
ried, the report was ordered received and filed.


        C. Advancement of Funds for Debt Service of Donovan Hall.

        President Donovan explained that the first payment of the principal
due on the bond issue for the construction of Donovan Hall will be payable June
30, 1955, in the amount of $20, 000. 00. The building was not completed in
time for use beginning in February of the current year; therefore, the Uni-
versity has not received any income from this hall, The President recommend-
ed that the Board of Trustees approve the advancement of $20, 000. 00 from Uni-
versity funds for the purpose of meeting the present bond redemption schedule
and at a later date reimburse the University Fund from income from the hall.

        Members of the Board seemed to favor this arrangement, and upon
motion duly made, seconded and carried, the Comptroller was authorized to
make the necessary advancement of funds from University of Kentucky money
to make payment due June 30, 1955.




 



2



        D. Thomas P. Edwards and Associates, Architects, Employed.

        President Donovan stated that the Board of Trustees at a previous
meeting had authorized the employment of Thomas P. Edwards and Associ-
ates, architects, to design, plan, write specifications and supervise the re -
development of the Shawneetown housing project.  He stated that Mr. Edwards
had requested a fee of 41% of the construction cost, and the Comptroller had
previously made an agreement with another architect working on a similar
architectural project for an over-all fee of 3-3/4%. He stated that he could
not recommend a higher fee for similar architectural services.

        Members of the Board asked questions, and being advised, upon mo-
tion duly made, seconded and carried, Thomas P. Edwards and Associates,
architects, were offered employment as architects for design, plans, speci-
fications and supervision of the Shawneetown housing project, at a fee of
3-3/4% of the cost of construction.


       E. Approval of Purchase of Eden Shale Farm.

       President Donovan read the following letter from Dean Frank J. Welch:

                                          May 6, 1955

       President H. L. Donovan
       University of Kentucky

       Dear President Donovan:

              As you know, we have been working with a Citizens Com-
       mittee from the Eden Hills counties over a period of several months
       now, with the view of raising money with which to purchase a test
       demonstration farm in the Eden Shale area,

              The Citizens Finance C ommittee now has in hand $45, 000
       and they are hoping that they will be able to get an additional
       $10, 000 within the next few days.

              The funds available for the purchase of this land were ac-
       quired through donation from the citizenry of the Eden Shale area
       and a few others interested in a better agriculture for the area,
       plus a donation from the Governor, s Building Commission funds,
       The fact that a sum of money of this proportion could be raised
       is indicative of the very keen interest on the part of farmers and
       the farm leadership of this particular type of farming area.

              We have had a Technical Committee, under the chairman-
       ship of Dr. Garrigus, working with. a Citizens Committee, of which
       Mr. 0. D. Hawkins of Owenton is chairman.  These committees,
       after having screened a number of farms from a number of different
       counties, have come up with a recommendation that we buy a farm
       in Owen County, located approximately four miles from Owenton
       on Highway 22 North.  There are some 656 acres in this farm,
       with two houses and six barns,  It fronts on the Taft Highway(Fed-
       eral Highway 22) and is divided by a hardtop county road with another
       county road running along its west boundary.




 





3



                There is a joint consensus of the Citizens Committee and
         our Committee that this farm is the best one available in terms
         of the objectives we have in mind and considering the roads, wa-
         ter, buildings, accessibility and location in relation to the Eden
         Shale area.

                There is an adjacent farm of 236 acres, on U. S. Highway
         22, with a dwelling house and two barns, that is now under option
         for $14, 500. We think it would be desirable to purchase this
         unit, along with the one indicated above, in order to eliminate
         the possibility of this farm or the buildings developing into a
         nuisance some time in the future.  This farm would also add
         materially to the desirability of our over-all operating unit.
         These two farm units have been mapped, sampled, and appraised
         carefully by both committees as indicated above.

                We believe that the acquisition of this farm will add ma-
         terially to our objectives of trying to serve better the farm people
         of Kentucky. As you know, there are some 32 counties in the
         Eden Shale soils area of the state, There are many problems
         peculiar to this particular section and the management of its soil
         in terms of livestock and forage production, as well as the produc-
         tion of specialty crops that need to be studied intensively. This
         farm will enable us to study effectively these problems, as well
         as providing the additional opportunity of using it for the demon-
         stration of good farming practices for the area.

                I should like to recommend the approval of the purchase
        of these two farms from the funds now in hand and from those that
        may be acquired, at as early a date as it is feasible to work out
        the legal arrangements.  Both farms are under option but these
        options extend only 90 days and hence time is a factor in complet-
        ing the matter of acquisition.

                For the Board, s and your information, I am herewith at-
        taching a rough sketch showing the location of this farm and other
        physical features that might be of interest to you and the Board.

                If there are further questions about the purchase of this
        land, please let me know and wve shall be glad to provide the in-
        formation in the interim between now and the time the Board meets.

                                                Sincerely yours,

                                    (Signed)   Frank Jo Welch
                                                Dean and Director,

        Several members of the Board seemed to be familiar with the recom-
mendation, and upon motion duly made, seconded and carried, on recommenda-
tion of Dean Frank JO Welch and President Donovan, the farm consisting of
approximately 660 acres in Owen County, located approximately four miles
from Owenton on Highway 22 North was authorized purchased, the funds to be
provided by the Citizens Finance Committee and a grant from the Governor' s
Building Commission Fund,




 





4



        F. Agreement between American Cyanamid Company and the Universi-
ty of Kentucky.

        President Donovan submitted agreement between the American Cyanamid
Company and the University of Kentucky for certain research work at the Experi-
ment Station.  He explained that the American Cyanamid Company had made a
gift of $2, 000. 00 to the University which was to be used for payment of the con-
tract for studies and research work to be done under the provisions of the con-
trac t.

        Upon motion duly made, seconded and carried, the contract was author-
ized executed on behalf of the University.



        G. Honorary Degrees Approved and Listed.

        The Board of Trustees, at its meeting on April 5, approved the recom-
mendation of the Committee on Honorary Degrees, the Graduate Faculty and the
University Faculty concurring therein, with the understanding that the list of
persons to become recipients of honorary degrees at the Commencement in 1955
be withheld from the minutes of the April 5 meeting and inserted in the minutes
of May 10.  This delay was made for the purpose of withholding announcement
of the names until the recipients were notified and each had accepted.



                      JAMES WILLIAM CAMMACK

               James William Cammack, prominent Kentucky jurist,
      is a native of Owenton. He received the degrees of Bachelor of
      Laws, Master of Arts and Doctor of Philosophy at the Universi-
      ty of Kentucky. Admitted to the bar in 1924, his combined legal
      and educational career has included service as a teacher, mem-
      ber of the State Department of Education and member of the Pub-
      lic Service Commission.  Judge Cammack was state director of
      the NRA in 1935. A member of the Court of Appeals since 1938,
      he served as Chief Justice from 1951 to 1953.

               For his invaluable contributions to the Commonwealth
      of Kentucky as a distinguished jurist and educator, the University
      of Kentucky is proud to confer upon Judge James William Cam-
      mack the degree of Doctor of Laws.




                         HENRY WISDOM CAVE

               Henry Wisdom Cave, eminent surgeon, scientist, and
      author, was born in Paducah, Kentucky, in 1887. He was edu-
      cated at Centre College and the Johns Hopkins University Med-
      ical School where he received the M. D. degree in 1913.




 





                                                                        5




       He began the practice of surgery in New York in 1919
and has served as Chief of the First Surgical Division of Roose-
velt Hospital since 1933. From 1945 to 1947 he was Professor
of Clinical Surgery in the College of Physicians and Surgeons.
During World War I he served his country with distinction as a
Captain in the Medical Corps.

       For his brilliant work in his profession and his unsel-
fish and untiring service to humanity, the University of Kentucky
is proud to confer upon Dr. Cave the degree of Doctor of Sci-
ence.






      BRIGADIER GENERAL ELBERT DeCOURSEY

      Brigadier General Elbert DeCoursey, eminent research
scientist,. is a native Kentuckian and an alumnus of the Universi-
ty of Kentucky. He was awarded the M. D. degree from Johns
Hopkins University in 1928. Becoming attached to the Army
upon graduation, he advanced through the various grades and
was appointed a Brigadier General in 1950.

       Motivated by an intense interest in pathology, General
DeCoursey pursued special studies and conducted research through
which he rose to a position of eminence in his field. He was
awarded the Legion of Merit in September. 1945, for exception-
ally meritorious conduct in the performance of outstanding ser-
vice during 1944 and 1945 during which time he activated, trained
and brought overseas a medical general laboratory which func-
tioned as a theater laboratory for the United States Army Forces.

       General DeCoursey' s brilliant career includes numerous
important research and administrative positions throughout the
United States, in the Canal Zone, in Europe and in the Far East.
Since May 1, 1950, he has been director of the Armed Forces
Institute of Pathology, Washington, D. C.

       In recognition of his eminence as a pathologist and research
scientist and his outstanding service as an administrator, the Uni-
versity of Kentucky honors itself in conferring upon General De -
coursey the degree of Doctor of Science.




 





6



                  HARLAN HATCHER

       Harlan Hatcher, distinguished educator, President of
the University of Michigan, received his early training in the
public schools of Kentucky and in Morehead Normal School.
He graduated from Ohio State University and received the
Master of Arts and Doctor of Philosophy degrees at that in-
stitution. Service with the Armed Forces during World War
I was followed by an appointment to the faculty in the English
Department at Ohio State University.  Here he advanced to
a full professorship in 1932.  He was appointed Dean of the
College of Arts and Sciences in 1944 and Vice President in
1948. Since 1951 he has been President of the University
of Michigan.

       Dr. Hatcher is an internationally known author and
lecturer.

       In recognition of his magnificent achievements as an
author and his brilliant accomplishments as an educator and
administrator, the University of Kentucky is proud to confer
upon Dr. Hatcher the degree of Doctor of Letters.






                    ARTHUR KROCK

       Arthur Krock, distinguished newspaperman, spent his
early life in Glasgow, Kentucky.  He graduated from Lewis
Institute and received a graduate degree from Princeton Uni-
versity.

       His journalistic career began as a reporter in Louis-
ville from which he advanced to Washington correspondent, edi-
torial manager and editor-in-chief of the Times. He joined
the New York Times Board of Editors in T19'27and since 1932
he has been its Washington Correspondent.

       Mr. Krock contributed numerous syndicated articles
from the Paris Peace Conference at the close of World War I,
was decorated with the Legion d' Honneur and received the
Knights, Cross in the Order of St. Olav.

       For his outstanding achievements in his chosen field
characterized especially by his penetrating discernment in the
area of international affairs, the University of Kentucky is
pleased to confer upon Arthur Krock the degree of Doctor of
Letters.




 




7



                   H. D. Palmore

       H. D. Palmore, distinguished son of Kentucky and
alumnus of the University, received bachelor' s and master' s
degrees in civil engineering from this institution.

       Mr. Palmore left a promising engineering career at
Duluth, Minnesota to enter World War I where he served with
distinction with the rank of Captain in the Infantry, He has
held several positions in the Kentucky State Highway Depart-
ment including that of Chief Engineer. After occupying for
two years the position of City Manager of Covington, Kentucky,
he became President of the Kentucky Concrete Pipe Company,
which position he holds now.

       Long active in the Alumni Association, Mr. Palmore has
served as its president and as a member of the Board of Trus-
tees of the University for a period of ten years.

       For his achievements in his chosen field and his mag-
nificent, unselfish service to the Commonwealth of Kentucky,
the University of Kentucky is pleased to confer upon Mr. Pal.-
more the degree of Doctor of Laws.






                    TOM WALLACE

       Tom Wallace, Editor Emeritus of the Louisville Times,
was educated at Weaver' s Business College and Randolph-Macon
College.  He holds honorary degrees from the University of
Louisville and Cumberland College.

       After having served successively with the Louisville
papers, the Cincinnati Post and the St. Louis Republic, Mr.
Wallace became editorialawriter and dramatic critic for the
Courier-Journal in 1905. In 1923 he became chief of the edi-
torial staff and in 1930 was appointed editor of the Louisville
Times, which position he held until 1948.

       For his outstanding achievements in his profession, his
successful promotion of good relations between the United States
and Latin America and his distinguished service to the Common-
wealth of Kentucky, the University of Kentucky is pleased to
confer upon Mr. Wallace the degree of Doctor of Letters.




 










ROBERT WICKLIFFE WOOLLEY



              Robert Wickliffee Wolley, distinguished lawyer and
        writer, was born in Lexington, Kentucky. He was educated
        at the University of Kentucky and at Fordham University.

              Beginning as a reporter for the Lexington Leader, he
        served for several years near the turn of the century on the
        staffs of the Chicago Tribune and the New York World.

              Mr. Woolley, s distinguished career has included out-
        standing service as director of the Mint, auditor of the Treas-
        ury for the Interior Department, director of publicity for the
        First Liberty Loan, and member of the National Mediation
        Board under the Railway Labor Act.

              In recognition of the eminence in his chosen field and
        the enviable national reputation he has achieved, the Uni-
        versity of Kentucky is proud to confer upon Robert Wickliffe
        Woolley the degree of Doctor of Laws.




        H. Acceptance of Highest Bid Received for$ 2,800, 000. 00 University
of Kentucky Dormitory Revenue Bonds of 1955.

        President Donovan stated that the Board of Trustees had authorized
the issuance of $2, 800, 000. 00 Dormitory Revenue Bonds of 1955 (Cooperstown
Apartments).  He stated that the Vice President, Business Administration,
of the University of Kentucky had caused the Notice of Sale of Bonds to be pub-
lished in The Bond Buyer, New York City, and the Courier-Journal, Louisville,
Ky.; that bids had been received at the office of the Vice President, Business
Administration, at 10:00 a m. , CST, and a report was available.

       Whereupon, on motion duly made, seconded and carried, the following
Resolution was unanimously adopted, which Resolution is as follows:


              A RESOLUTION OF THE BOARD OF TRUSTEES
              OF THE UNIVERSITY OF KENTUCKY, ACCEPT-
              ING THE HIGHEST BID RECEIVED FOR
              $2,800,000. 00 -UNIVERSITY OF KENTUCKY
              DORMITORY REVENUE BONDS OF 1955 (COOP-
              ERSTOWN APARTMENTS)" AS AUTHORIZED BY
              THE BOARD OF TRUSTEES ON APRIL 5, 1955,
              AND ESTABLISHING THE INTEREST COUPON
              RATES APPLICABLE THERETO.




 










          WHEREAS, the Board of Trustees has heretofore, on
April 5, 1955, adopted a formal resolution authorizing and pro-
viding for the issuance of $2, 800, 000. 00 principal amount of
"University of Kentucky Dormitory Revenue Bonds of 1955 (Coop-
erstowvn Apartments)" to be dated as of June 1, 1955, and to
mature serially on June 1 in each of the years 1957 to 1995, in-
clusive; and

         WHEREAS, the sale of said bonds has been advertised
by the publication of a "Notice of Sale of Bonds" on April 22,
1955, in The Bond Buyer, New York City, and in the Courier-
Journal, Louisville, Kentucky; bids to be opened and acted upon
by the Board of Trustees at this time; and

         WHEREAS,the Secretary has produced and read to the
Board of Trustees the sealed competitive bids received in the
office of the Vice President, Business Administration, prior to
10:00 a. m. , CST, on May 10, 1955, the same being listed as
follows:



NAME OF BIDDER



AMOUNT OFFERED



INTEREST COUPON
RATE OR RATES
S TIPULA TED



John Nuveen & Co.,
and Associates,
Chicago, Illinois






White, Weld & Co. , and
Associates, Chicago,
Illinois






Blythe & Co. , and
Associates, Chicago,
Illinois



$2,800,000.00








$2,804,200.00








$2,800,320.00



June 1, 1957 through June
1, 1960--6%
June 1,1961 through June
1, 19 6 5 - -3 -3/4%
June 1, 1966 through June
1, 1989 --3 -1/4%
June 1, 1990 through June
1, 1995--3%.

June 1, 1957 through June
1, 1961--4j%
June 1, 1962 through June
I, 19 70 --3 2%
June 1, 1971 through June
1, 1986--3 -1/4%
June 1, 1987 through June
1, 199 5 - -3 lo

June 1, 1957 through June
1, 1960--3%
June 1,1961 through June
1, 1966--2-3/4%
June 1, 1967 through June
1, 1972--3To
June 1, 1973 through June
1, 1995--3-'1/4%




 





10



NAME OF BIDDER         AMOUNT OFFERED       INTEREST COUPON
                                             RATE OR RATES
                                             S TIPULA TED

Shields and Company,    $2,800,672. 00       June 1,1957 through Juie
and Associates,                              1,1961--4%o
New York City                                June 1, 1962 through June
                                              1, 1965-31%
                                              June 1, 1966 through June
                                              1, 199 0--3 -3/8%
                                              June 1, 1991 through June
                                              1, 199 5 -3. 30%.



         AND WHEREAS, said bids have been considered and compared;

         NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE UNI-
VERSITY OF KENTUCKY RESOLVES, AS FOLLOWS:

         Section 1. That it appears to the Board of Trustees of the Uni-
versity of Kentucky that the best bid received for said bonds is the bid of
John Nuveen and Company, and Associates, as follows:

         Paine, Webber, Jackson and Curtis, New York, N. Y.

         First of Michigan Corporation, Detroit, Michigan

         The Kentucky Company, Louisville, Kentucky

         Stranahan, Harris & Company, Toledo, Ohio

         Rodman and Renshaw, Chicago, Illinois

         The W. C. Thornburgh Company, Cincinnati, Ohio

         R. J. Edwards, Inc., Oklahoma City, Oklahoma

         J. D. Van Hooser & Company, Lexington, Kentucky

         Zahner & Company, Kansas City, Missouri,


offering the sum of $2, 800, 000. 00 and accrued interest to delivery upon
condition that such be caused to bear interest as follows:

         All bonds maturing in the years 1957 to 1960,
         inclusive,                                         6 %

         All bonds maturing in the years 1961 to 1965,
         inclusive,                                      3 -3/4 %




 





Ii



          All bonds maturing in the years 1966 to 1989,
          inclusive,                                            3-1/4%

          All bonds maturing in the years 1990 to 1995,
          inclusive,                                            3    %


that said bid conforms in all respects to the prescribed terms and con-
ditions of the sale and is satisfactory; and that said bid is advantageous
to the University of Kentucky and to the Board of Trustees thereof.
Accordingly, said bid is hereby accepted by the Board of Trustees of
the University of Kentucky; and said bid, together with this acceptance,
shall constitute a firm contract for the purchase and sale of bonds, sub-
ject to the terms and conditions set forth in the official "Notice of Sale
of Bonds.,"

          Section 2. That the Treasurer of the University is authorized
and directed to hold uncashed the check of said bidder in the sum of
$56, 000. 00. When the bonds are delivered and paid for, the Treasurer
shall cash said check and the purchaser shall be credited with the amount
thereof, but without any allowance for interest thereon.  The checks of
all other bidders shall immediately be returned to them.

          Section 3. Said bonds shall bear interest at the respective
rates stipulated in the purchase bid as set forth in Section (1) of this
Resolution.

          Section 4. That this Resolution shall be in full force and ef-
fect from and after its adoption.

          ADOPTED and approved, May 10, 1955.




                                                Chairman
A TTEST:


        Sec retary


                        CER TIFICA TION

          I, Frank D. Peterson, Secretary of the Board of Trustees
of the University of Kentucky, do hereby certify that the foregoing is
a true copy of a Resolution which was adopted by the Board of Trus-
tees at a meeting held in the usual and customary meeting place on
the Campus of the University, at Lexington, Kentucky, on the 10th
day of May, 1955, at 10:00 A. M., CST.

          The foregoing Resolution has been recorded in the official
records of the Board of Trustees of the University of Kentucky and
is now in full force and effect.




 










               WITNESS my signature and the seal of said University,
        this            day of May, 1955.



(SEAL)                                       Secretary,
                                          Board of Trustees


        I. Injury to Mrs. Samuel Gayton.

        President Donovan submitted report on injury to Mrs. Samuel Gayton,
an employee in food operation, December 20, 1954.

        Mrs. Gayton went from the dormitory grill to the employees' rest room
in the basement of Bowman Hall to change uniforms. Or. her way back, she
slipped on ice and broke her leg. Snow had fallen over the ice during the night
and it is supposed the area was more dangerous than it looked to be.  The acci-
dent happened during the Christmas vacation, and Mrs. Gayton was sent by the
manager of the dormitory grill to the Good Samaritan Hospital.  The leg was
x-rayed and Mrs. Gayton was placed under the care of Dr. Carl M. Friesen.
The Good Samaritan Hospital submits invoice for care from 12/27/54 to 1/6/55
in the amount of $199. 15 and invoice dated March 31, 1955 for out-patient care
in the amount of $38.40.  Dr. James S. Rich submits invoice for x-ray of right
ankle, $6. 80, and Drs. Saul Rubin, Frederick B. McHargue and David R. Na-
gle submit invoice in the amount of $10. 00 for services December 28, 1954.
Dr. Friesen submits an invoice for services, $200. 00.

        The Vice President, Business Administration, recommended that the
above mentioned invoices be paid, with the expressed understanding that the
University of Kentucky does not admit negligence in this accident nor does the
payment of them set a precedent.

        The Board being advised, upon motion duly made, seconded and car-
ried, the invoices as listed and recommended above were authorized paid, with
the expressed understanding that the University does not admit negligence in
this accident nor does the payment of the invoices set a precedent.



        J. Transfer of Haggin Investments to College Restricted Fund Bal-
ances,

        President Donovan read the following letter from the Vice President,
Business Administration, recommending transfer of investment of $60,000. 00
of Haggin Trust Fund to group investment of College Restricted Fund:




 










May 9, 1955



        Dr. H. L. Donovan, President
        University of Kentucky
        Lexington, Kentucky

        My dear President Donovan:

            There is presently invested approximately $400, 000 of
        the Haggin Trust Fund in real estate and government bonds.
        Recently the Board of Trustees authorized the purchase of
        rental property, 531 to and including 541 South Limestone and
        109 Mountmullen Street, for a sum of $49, 500. The payment
        of this amount for property mentioned will exceed the unin-
        vested cash balance of the Haggin Trust Fund.

            I suggest that authorization be requested of the Board of
        Trustees to transfer $60, 000 of the Haggin Trust Fund in-
        vested in government bonds to group investment of the College
        Restricted.

            This arrangement will change the investment of the Haggin
        Trust Fund from government bonds to real estate.  It will
        also permit the group investment account of the College Re-
        stricted Fund to own the government bonds as invested and
        receive the income therefrom.  The transfer may be effected
        without commission cost to either account. I suggest that the
        transfer, if approved, become effective on or before June 16.

                                             Respectfully submitted,

                                   (Signed)  Frank D. Peterson
                                             Vice President
                                             Business Administration.



        The Board being advised, on motion duly made, seconded and carried,
the recommendation was concurred in, and the Comptroller was authorized to
make the necessary investment ledger adjustment.



        K. SGA -Sponsored Student Insurance Program Denied.

        President Donovan read a communication from Mr. Don Felker, Sr.,
chairman of the Student Insurance Committee.




 










March 29, 1955



         Dr. H. L. Donovan, President
         University of Kentucky
         Lexington, Kentucky

         Dear Dr. Donovan:

         We the Student Government Association of the University of
         Kentucky have approved a student insurance program.  We
         have set up a committee to investigate the possibilities of this.
         The following recommendations have been approved by the in-
         vestigating or insurance committee.

         The student insurance program must be voluntary and offered
         to every student at the University. All collections and book-
         keeping will be done by the Insurance Company and will not be
         a responsibility of the University.

         This program would cover students participating in intramural
         sports. It would supplement the infirmary in covering all ac-
         cidents and sicknesses of the students. It would cover the stu-
         dents on campus and on week-end trips during the school year.

         Enclosed is a plan that we, the committee, have found to fit
         our individual needs as students of the University.  We will
         submit this plan for competitive bidding.

         Thank you very much for your considerationandfavorable action
         on the adoption of this program.

         Yours truly,

         (Signed) Don Felker
         Don Felker, Chairman
         Student Insurance Committee.



         Members of the Board discussed the recommendation at length.  It
was thought that many families already carry insurance coverage on members
of their households.  The University operates and maintains a 35-bed infirm-
ary with an adequate staff of doctors and nurses which is available for all
regularly-enrolled students at the University.  This hospital cares for the sick
needs of University students save for cases requiring operations and prolonged
medical care, and in these cases we provide convalescence hospital care as
student s are transferred to the University infirmary as soon as the doctor will
permit. It was the consensus of the Board that the students and their parents
would not get value received for additional insurance coverage.  The Board is
keenly conscious of the health and protection of the students and believes that
the University-operated infirmary is fairly well protecting the health and wel-
fare of the student body.  They believe that an additional financial burden is not
at this time justifiable.