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