3596 

MINUTES OF THE MEETING 
of the 
FINANCE COMMITTEE  OF THE 
STATE BOARD  OF AGRICULTURE 

March 16, 1956 

The meeting  of the Finance  Committee was held at Kellogg  Center  starting with dinner at 6 
p.m.  The following members were present: 

Messrs, Baker, Mueller, Rouse, Smith; President Hannah, Treasurer May and Secretary McDonel 

Absent:  Mr, Akers, Mr. Brody; Dr. Taylor 

1*  Scudder, Stevens and  Clark made  the following recommendations: 

Re:  Consolidated  Investment Fund 

Finance  Com 
mittee 
recommendations 

Amount Se curity 

Approx. 
Price 

Principal  Income 

Yield 

For March Stock Buying Program of about  §6,000 

We Suggest SELLING to Pension & Retirement  Fund 

for Cash: 

$6,000 U.S. Savings Bonds'Series ffG" 

2  l/2s-5-l-I5>58 
\0± 

1,000) 

Plus  Cash 

and PURCHASING: 

98 

$5,880 

$1^0 

160 shs.  Ohio Oil 

$1.60 

38, 

6,080 

256 

i±.215& 

Re:  Spartan Fund 

Shares  Security 

Approx. 
Price 

Principal  Income 

Yield 

For the March Stock Buying Program  of about $3j?000 

We recommend PURCHASING with  Cash: 

80  General Public Utilities 

$1.80 

37. 

2,960 

liiU 

U.86* /a 

On motion of Mr. Mueller, seconded by Mr. Rouse, it was voted to approve these  recommendations 
and recommend them to the Board for final approval. 

Report of 
appropriation 
measures 
before legis. 

2.  Vice President Varner  gave the Board a detailed report  of the progress of appropriation 

measures in the legislature.  He reported  that the bill for operating funds had been intro 
duced by the Senate Appropriations. Committee and referred back to that  Committee "with several 

reductions from the requests  originally  submitted by  tjiis Board  and  several reductions below/ 
the sums recommended by the Governor. 

ufxicers 
authorised to • 
request 
restoration 
in operation ; 
budget of 
items deleted' 

He reported that the bill for buildings  and capital Items had also been introduced by the 
Senate  Committee on Appropriations and referred back to  that  Committee. * This bill also 
contains some reductions from the recommendation  of the Governor  and no funds for starting 
the Mechanical Engineering  Building. 

On motion of Dr»  Smith, seconded by Mr. Rouse, it was unanimously voted to authorize and instruct 
the officers of the University on behalf of the Board  to request the restoration In the operation 
budget  of the items that have been deleted and to request funds to begin construction on the 
Mechanical Engineering  Building  and for completion of final plans for the  College  of Business 
Bailding and an addition to  the Administration Building in lieu of preliminary planning money  for 
these projects as now provided  in the bill under  consideration. 

MINUTES OF THE MEETING 

of the 

BOARD OF AGRICULTURE 

March 17, 1956 

Present:  Messrs* Baker, Mueller, Rouse, Smith; President  Hannah] Treasurer May arid Secretary McDonel 

Absent:  Mr. Akers, Mr* Brodyj Br, Taylor 

The meeting was  called to order at 9:30  a.m. 

The minutes of the February meeting were approved. 

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