Board of Trustees - 1967 Meeting Minutes

June 10, 1967

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Chairman welcomed Mr. H. E. Jackson, new member. Approved establishment of College of Business & Management Studies effective summer quarter, 1967, with Dr. Ralph N. Traxler, Jr., as Dean. Approved resolution: Comptroller instructed to set up budget of $100,000.00 for office building No. 3 out of Agency Fund, that Director for Development and Contracts be authorized to enter contract with Noland Construction Co. for $4,000.00 for services. Approved resolution: Comptroller instructed to open accounts for Graduate Fellowship funds for $30,000.00. Approved resolution: Change school colors to red, white, blue. Approved increase in the budget of library building to $2,484,000 and of the Physical Education building to $2,318,560. Approved resolution: Amending Section 22 of "A Resolution authorizing issuance, sale and delivery of $537,000 revenue bonds, Series A., etc." Addendum #1. Certificate submitted by C.P.A. stating bonds did not exceed maximum annual debt service requirements for these bonds did not exceed 50 percent of general student fees. (Addendum #2). Approved bond resolution authorizing issuance, selling and delivering $917,000 for partial financing of library building. Addendum #3. Resolution authorizing University to execute bond in amount of $125,667, and to offer bond under a possible loan agreement for financing library building. Resolution authorizing President to execute loan agreement for financing Physical Education building. Loan Agreement providing for partial financing of the Physical Education building in the amount of $827,000. Addendum #4. Bond resolution authorized issuance, sell and delivery of $827,000 principle amount of building system revenue bonds, Series C to partially finance Physical Education building. Addendum #5. Approved resolution: Authorizing University to issue parity bonds in the amount of $147,000 to complete finance of Physical Education building. Authorized Executive Committee to provide for a public sale or sales of $917,000 building system revenue bonds, Series B and $827,000 bonds, Series C and give public notice of such sale. Approved resolution: Executive Committee and President to employ architects to proceed with planning of following structures: Cafeteria building (cafeteria, bookstore, barber shop, post office and beauty parlor) $1,500,000 General Classroom building 1,500,000 Engineering building 1,500,000 Approved budget increase to $3,200,000 on Life Sciences building and to $1,400,000 on Business and Management Studies building. President Whiddon presented annual report. Addendum #6.	159 159 160 160 160 160 161 161 161 161 162 163 163 163 164 164 164 165

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