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Board of Trustees

 

April 15, 1968
 
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  1. Approved minutes of meeting, November 30, 1967.
  2. Approved Executive Committee minutes of November 30, 1967 and February 11, 1968.
  3. Approved scholarship budget of $58,000.00 for 1968-69.
  4. Approved:
    1. Second Amendatory Loan Agreement, partial finance on Library building ($993,000.00) (Addendum #1) and Resolution Approving Loan Agreement.
    2. First Amendatory Loan Agreement, partial financing on physical education building ($877,000.00) (Addendum #2) and Resolution approving loan agreement.
    3. Loan Agreement, Life Sciences Building ($1,321,000.00) (Addendum #3) and Resolution approving loan agreement.
    4. Loan Agreement, Business and Management Studies Building ($1,140,000.00) (Addendum #4).
    5. Loan Offer, Central Utilities Plant (Addendum #5) acceptance of Office and Resolution Approving Loan Agreement.
  5. Authorized President to put together financial plan for Hillsdale Heights.
  6. Resolution approved:
    1. Authorizing President to borrow from local banks necessary amount up to $1,000,000.00 for Central Utilities Plant and historic houses, etc.
    2. Authorizing President to borrow from local banks to the sum of $1,000,000.00 for interim financing for Central Utilities Plant and Business and Management Studies Building.
  7. Deans Franklyn Sweet and John Cummer presented to Trustees.
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- Mobile Alabama 36688-0002 / 1 (251) 460-7745
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Date last changed: May 12, 2006 12:23 PM
http://www.southalabama.edu/trustees/minutes/1968/041568.html

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