MINUTES OF THE MEETING of the FINANCE COMMITTEE OF THE STATE BOARD OF AGBICULTUEE September lh, 1956 1 The meeting of the Finance Committee v&s held in the Board Room at 10 a.m. The following members were present: Messrs. Alters,, Baker, Brody., Mueller, Rouse, Smith' Dr. Taylor; President Hannah, Treasurer May and Secretary McDonel Absent: No one 1. Mr. Harding of Scudder, Stevens and Clark, and Mr. Cress of the Ann Arbor Trust Company met with the Board to discuss long-range and short-term investment policies. It was recommended by Mr. Cress and Mr. Harding that the Board authorize the investment of $600,000 in good quality corporate bonds, convertible corporate bonds or convertible preferred stocks. These investments will probably be made at the rate of $100,000 per month but dependent upon the availability of preferred issues. Power should be left with Mr. May and Mr.- Cress and Mr. Harding to make the selections. After discussion, on motion of Mr. Brody, seconded by Mr. Mueller, it was voted to approve this recommendation. 2. Mr. Harding and Mr. Cress recommend that the Board authorize the sale in the Jenison fund of $50,000 in U. S. Government Securities and the investment of the funds to purchase corporate bonds, convertible corporate bonds or convertible preferred stocks in the same manner as in 1 above. On motion of Mr. Akers, seconded by Mr. Brody, it was voted to approve the above recommendation. • 3- Mr. Harding and Mr. Cress recommend that inasmuch as United Aircraft will issue rights to stockholders of record September 17 entitling subscription to a new offering of convertible preferred in the ratio of 1 share preferred for each l6 rights held at a price not less than $100 per share; and since the rights held permit subscription to only a small amount of preferred; and since present common stock holdings already give adequate direct investment in the company, it is suggested that rights be sold in the following Funds prior to their October 2 expiration: 75 Rights Forest Akers 150 Rights. A.H. and S.A. Case Fund 150 Rights Jenison Fund 750 Rights Pension & Retirement Fund kO Rights Spartan Fund 150 Rights Consolidated Investment Fund On motion of Mr. Brody, seconded by Mr. Mueller, it was voted to approve the above recommendation k. Mr. Harding and Mr. Cress recommend that inasmuch as American Telephone and Telegraph m il offer rights to stockholders of record September ik entitling subscription to additional shares in the ratio of 1 new share for each lOrights held at a price of $100 per share; and due to lack of available cash and/or size of present holdings in this stock in relation to total Fund, the SALE of these rights is recommended in the following Funds before their expiration November 5: 50 Rights A.H.& S. A. Case Fund l6l Rights Jenison Fund 15 Rights Spartan Fund V On motion of Mr .Mueller, seconded by Mr. Rouse, it was voted to approve the above item. 5« Mr. Cress and Mr. Harding recommend that with available cash The following be purchased: Amount Security Approx. Price Principal Income Yield 150 rights American Telephone & Telegraph 8 $1200 1 1 And SUBSCRIBING with resulting 500 rights to: 50 Shares American Telephone & Telegraph (Holding 350) $9.00 100 $5000 $^50 5.0$ On motion of Mr. Baker, seconded by Mr. Brody, it was voted to approve the above item. 6. Mr. Cress and Mr. Harding recommend for the September stock purchase program: Re: Consolidated Investment Fund a. SELLING to Pension & Retirement Fund for Cash: Amount $8,000 Security U.S. Savings Bonds Series "G" Approx. Price Principal Income Yield (of $10,000) 2g-s-2-l-58 98.20 $7,856 $200 2.5¾ 3Cor* Finance Committee Meeting--September Ik, 1956; 6. Stock purchase program for September, continued: And PURCHASING; Security Approx. Price Principal Income Yield Amount 140 Shs Gillette Co. $2.25 52 $7,280 $315 k.3lo OR 70 Shs. Royal Dutch Petrol. 2.63 105 $7,350 184 2.5$ b. With available cash plus 50 rights American Telephone& Telegraph when received SUBSCRIBING TO: 5 Shs. American Tel & Tel (Holding 55) and SELLING remaining 5 rights. 9.00 100 500 k5 lOn motion of Mr. Rouse, seconded by Dr. Smith, it was voted to approve the recommendations in a and 1 Trans. fromTV^ above. RadioAcct. ! $100,000 & . :7 $20,000 from | athl:. program j to golf .cse. | construction j Mr. May recommends the transfer of $100,000 from the Television-Radio account and $20,000 from the athletic program account to the golf course construction account. The Board has previously authorized expenditures totaling $175,000. It is "believed this additional $120,000 will cover the expenditures necessary for completion of the golf course. Later additional funds TO.11 he needed for a caddy house and/or club house. ] Report of • auditors on < a u d it (On motion of Mr. Brody, seconded by Mr. Rouse, it -was voted to approve the above recommendation. \Q. Mr. Wilder and Mr. Brown of Ernst and Ernst, Auditors, met with the Board and presented a review* of the audit for the 1955-56 accounts. After considerable discussion, on motion of Mr. Rouse, seconded by Mr. Mueller, it was voted to accept the audit as presented and to authorize payment to Ernst and Ernst for this audit, Approval of investment in : bldgs. to he 9. Mr. May raised the question with the Board as to the advisability of investing available investment leased to Mich. Bell Telephone Co. : funds in the construction of a building to be leased to the Michigan Bell Telephone Company at an annual rental of 8$ of the cost of the structure and site. After considerable discussion, on motion of Mr. Akers, seconded by Mr. Baker, it was voted to authorize the Comptroller and Mr. Akers to proceed with'this negotiation, with the understanding that local real estate taxes are to be paid on this property and that the rental is to include provision for 8$ of the cost plus taxes. It is also understood that all legal documents are suhject to the approval of Attorney Carr and to be reported in detail to the next Board meeting. available the money required for the construction of the Student Services Building, the 508 units of Married Student Housing and the addition to the Football Stadium, Report of details work-10. Mr. Cress outlined the details that have been worked out covering the sale of the bonds to make ed out re: sale of honds to make available money re- quired for Attorney Carr. The summary as presented by Mr. Cress and approved by the Board follows: 'construction See Resolutions on page 3°9o and 3700. Stu. Services Re: $^-,650,000 Student Activities Center and Stadium Revenue Bonds Bldg ;& Add. to 0 Stadium On motion of Mr. Mueller, seconded by Mr. Rouse, it was voted to approve the commitments for these honds in the total amount of $9,850,000, as per the resolutions which follow and which have been approved "by Bonds to he issued: $1,250,000 1,600,000 1,800,000 $4,650,000 12 year 22 year 27 year Total Term Term Term 3.50$ 3-75$ 3.75$ Re: $5,200,000 Apartment Revenue Bonds Bonds to be issued: $1,400,000 1,800,000 2,000,000 $5,200,000 12 year 22 year 27 year Total Term Term Term 3,50$ 3-75 3-75# COMMITMENTS First of Michigan - Blyth & Company Underwriting Group $2,400,000 3,800,000 '$6,200,000 1,000,000 $7,200,000" $1,000,000 22 year Term Bonds 3-75$ 27 year Term Bonds 3-75$ Price of 99 22 year Term Bonds - 3*75$ Price of 9¾ Total 3.75$ 12 year Term Bonds 3.50$ National Bank Detroit Price 100 continued - - 8 Details re: \ sale of bonds j'tb make I available I money required for const. stu. services and Add- to : Stadium Finance Committee Meeting—September Ik, 195^: • 10. (Continued) COMMITMENTS, continued First of Michigan - Blyth & Company Underwriting Group m $750,000 $400,000 $100,000 $400,000 $ 2::650,000 $6,200,000 1,000,000 2,650,000 $9,850,000 12 year Term Bonds Detroit Bank and Trust Company Price 100 3-50$ 12 year Term Bonds. The Manufacturers National Bank of Detroit Price 100 3«50$ 12 year Term Bonds Ann Arbor Bank Price 100 12 year Term Bonds State Board of Agriculture Price 100 Total 3.50$ 3-50$ 3-50$ S U M M A RY 3.75/= 3.75 3.50/0 Total Price 99 Price 98^ , Price 100 22 So 27 year Term year Term 22 year Term 12 Average Life of Loans l6.l6 years Het Interest Cost - Approximately 3.6893$ Miller, Canfield, Paddock and Stone Legal Opinion Fee of $3600 on $7,200;000 Bonds sold to Underwriting Group, to be paid by Underwriters * Delivery of $7,200,000 Bonds sold to Underwriters $2,000,000 on closing on or about September 28, 195^ 1,000,000 January 1, 1957 V,200,000 on or before April 1, 1957 No commitment fee for deferred delivery Delivery of $2,650,000 Bonds sold to Banks and State Board of Agriculture to be delivered on closing on or about September 28, 1956 On motion of Mr. Baker, seconded by Mr. Brody, it was voted to authorize the purchase with University investment funds, if necessary, up to $400,000 of these bonds -with the understanding that the Board prefers the 12-year 3"i$ bonds. - • 11. A resolution is necessary authorizing the refunding of the balance of the 19^-9 pension fund loan. This refunding wall be accomplished by substituting the pledge of the $10 per student out-of-state fee for the income from the 10½ faculty apartments. Income from the 10½ faculty apartments will be used as part of the security for the loan on the 508 units of Student Married Housing which were recently authorized by the Board. On motion of Dr. Smith, seconded by Mr. Brody, it -was voted to approve the resolution which has been approved by Attorney Carr and which appears on page 3701. 1 MINUTES OF THE MEETING of the STATE BOARD OF AGRICULTURE September 14, 1956 Present: Messrs. Brody, Chairman: Akers, Baker, Mueller, Rouse, Smith; President Hannah, Treasurer May and Secretary McDonel Absent: Dr. Taylor SPECIAL MISCELLANEOUS 1. Approval of the Report of the Finance Committee on the preceding pages. On motion of Mr .Mueller, seconded by Mr. Akers, it was voted to approve the recommendations of the Finance Committee. Approval of Finance Com mittee Report 308g! \ ^KSSIDENT?S REPORT xgnatxons Resignations and Terminations September lif, 1956 1 1. Margaret Ann Hill, Consumer Marketing Information Agents Extension, effective August 15, 1956. : 2. John B. S30, Instructor (Res.) in Agricultural Economics, effective August 17, 1956. \ HEW BUSINESS i Resignations and Terminations 1. 1. Cancellation of the appointment of Edwin M. Boyne as Visiting Professor of Administrative and I Educational Services, effective October 1, 1956. I 2.. Harold W. Paulsen, Assistant Professor of Health, Physical Education and Recreation, effective August 31, 1956 to accept a position as Director of Health and Physical Education and Recreation, at,rstatec Teachers; College /..Slippery Rock, Pa. ! i.. I 3. Marilyn-June Blawie, Assistant News Editor, Information Services, effective September 21, 1956, I :.! It \ '" Robert Martin Smith, Instructor in the Counseling Center, effective August 31, 1956 to accept a to accompany her husband on an out of town position. , Leaves j Leaves--Health position in the Flint schools. i 1. Stephen T. Dexter, Professor of Farm Crops, with full pay from September 16, 1956 to November 15, 1956. Leave s—Other j 1. Paul D. Bagwell, Professor and Head of Communication Skills, without pay from September 2h, 1956 \ to November 7, 1956 ^° participate in partisan politics. j 2. Charles R. Adrian, Assistant Professor of Political Science, without pay from September 1, 1956 to December 31, 195.6, "to continue position in the GovernorTs Office. Appointments j Appointments 1. Barbara Ellen Culver as Home Demonstration Agent at Large at a salary of $^-500 Ver year on a 12-month basis effective September 1, 1956 12. (Ola) Fay Nichols as Home Demonstration Agent, Lenawee County, at a salary of $5^00 per year on a 12-month basis effective September 1, 1956. Miss Nichols will not participate in retire- ment and insurance benefits because of ill health. | ! 3> Zenobius Stelmach as Assistant Professor (Res.) of Agricultural Chemistry at a salary of $7200 per year on a 12-month basis from September 1, 1956 to August 31> 1957- / . I j k* Donald P. White, Associate Professor of Forestry, at a salary of $10,000 per year on a 12-month basis effective January 1, 1957* I 5* Donald C. Zeiger as Assistant Professor (Res.) of Horticulture at a salary of $6200 per year on a 12-month basis effective from September 1, 1956 to August 31, 1957- .; 6. L. Fernald Foster as Instructor in Communication Skills at a salary of $5000 per year on a 10-month basis effective from September 1, 1956 to August 31, 1957. !7* Wells E. Williams as Instructor in Natural Science at a salary of $^-600 per year on a 10-month basis effective September 1, 1956. )8. Fannie A. Leonard as Instructor in Natural Science at a salary of $4000 per year on a 10-month basis effective from September 1, 1956 to August 31, 1957. 19. Edith J. Douglass as Instructor in Natural Science at a salary of $3800 per year on a 10-month basis effective from September 1, 1956 to August 31, 1957. 10. Braxton I. Patterson as Instructor in Economics and the Bureau of Business Research at a salary of $2000 per year on a 10-month basis effective from September 1, 1956 to August 31, 1957-- 11. Jahangier Amuzegar as Assistant Professor of Economics and Bureau of Business Research at a salary ; of $6200 per year on a 10-month basis effective April 1, 1957. 12. Lillian A. Cox as Instructor in Business Education and Secretarial Studies at a salary of $^-00 for the period from October 1, 1956 to December 31, 1956. 13. Eugene Carroll McCann as Instructor in Business Education and Secretarial Studies at a salary of ! $1350 for the period from October 1, 1956 to December 31, 1956. 14. Kendall A. Adams as Instructor (Res.) in General Business at a salary of $3500 per year on a 12-month basis effective from September 1, 1956 to August 31, 1957- 15. John R. Davis as Lecturer in Police Administration without salary from September 1, 1956 to j August 31, 1957- HEW" BUSINESS, continued Appointments, continued 16. Frank D. Day as Associate Professor of Police Administration and Continuing Education at a salary of $7300 per year on a 10-month basis effective December 1, 195&- 17. Manfred Lilliefors as Lecturer in Social Work at a salary of $400 from October 1, 1956 to December 31, 1956; $300 from January 1, 1957 to March 31, 1957; and $200 from April 1, 1957 to June 30 - 1957* [Appointments ! ! September ik,'195$'; S B 89 18 • Barrett Lyons as Lecturer in Social Work at a salary of $550 from October 1, 195^ to December 31^ 1956; $550 from January 1, 1957 to March 31, 1957; and $400 from April 1, 1957 to. June 30, 1957- |- 19 • Morris Gluckin As Assistant Professor of Social Work at a salary of $6500 per year on a 12-month | basis from September 1, 1956 to August 31, 1957/ 20.' Gerald E. Clark as Assistant Professor of Business and Public Service at a salary of $10^000 per year on a 12-month basis effective from September 1, 1950 to August 31, 1958* 21. William Mitcham as Instructor in Journalism at a salary of $120 per month from October 1, I956 to December 31, 195^. | 22. James Stokely as Associate Professor of Journalism at a salary of $9000 per year on a 12-month basis effective October 1, 1956. Mr. Stokely is 56 years of age but is to be included in the retirement program. 23. Jean Marie Ackeimann as Instructor in Journalism at a salary of $^500 for the period from October 1,.1956 to June 30, 1957- 2k. Jarold E. Goodman as Instructor in Speech at a salary of $^600 per year on a 10-month basis from j September- 1, .1956 to August 31,.1957... 25* Virginia Mezy&ski... as Instructor in. Vocational Education at a salary of $1500 for the period from October 1, 1956 to December 31,. 1956. 26. Deloris Barker Kereluk as Instructor (Res.) in Foods and Nutrition at a salary of $400 per month ; for the period from September 1, 1956 to December 31, 1956. 27. Tomi Hirama as Instructor in Textiles, Clothing and Related Arts at a salary of $1600 for the period October 1, 1956 to December 31, -.1956. 28. Jean Bullard Burnett as Instructor (Res.) in Zoology at a salary of $5^-00 per year on a 12-month basis from September 1, 1956 to August 31,, 1957. 29. Gopinath Kallianpur as Associate Professor of Statistics at a salary of $6500 per year on a 10-month basis for the period from October 1; 1956 to June 30, 1957- 30. Robert S.. Vogel as Instructor in Geography and Continuing Education at a salary of $3000 per year on a 10-month basis for the period from October 1,,.1956. to June,30, 1957. 31* Leo W. Walker as Lecturer in Anatomy at a salary of $150 for the period from October 1, 1956 to June 30, 1957* j | 32. William Cheney as Consulting Radiologist in Surgery and Medicine without salary from September 1,; 1956 to August'31, 1957. - 33. Jack H. Fries as Lecturer in Surgery and Medicine at a salary of $300 for the period from October l, 1956 to June 30,, 1957- 3k. Don M. LeDuc as Lecturer in Surgery and Medicine at a salary of $300 for the period from October l, 1956 to June 30, 1957* ' ! 35« Maurice L. Richardson as Consulting Radiologist in Surgery and Medicine without salary for the period from September 1, 1956 to August 31, 1957- 36. Arthur E. Schultz as Consultant in Surgery and Medicine without salary from September 1,, 1956 to August 31/1957- 37• Jack W. Warren as Lecturer in Surgery and Medicine at a salary of $350 for the period from October 1, 1956 to December 31, 1956. 38. Alta B. Cronin as Secretary, Vietnam Project, at a salary of $4130 per year on a 12-month basis effective from June 25, 1956 to June 2k, 1958* 39* Betty E. McGuire as Faculty Magazine Editor in Information Services at a salary of $6000 per year on a 12-month basis effective September 2k, 1956* I kO.y: Frank W. Thompson as Assistant to the Director of the Michigan State University Press at a salary of $4500 per year on a 12-month basis effective October 1, 1956. kl. David B. Muirhead as Assistant Registrar at a salary of $7500 per year on a 12-month basis effective September 6, 1956. k2. Col. Harry W. Gorman as Professor of Military Science at a salary of $50 per month from September 1, 1956 to June 30, 1957/ MEW BUSINESS, continued Appointments, continued September Ik, 1956 ^3 •• Appointment of the following persons in Military at the salary of $20 each per month from September 1/ 1956 to June 30, 1957 at the rank indicated: Lt. Col* Robert L. Dickerson, Associate Professor Lt. Col. William E. Gibbons, Associate Professor Lt. Co.. Kenneth J. Goff as Associate Professor Major Martin J. Burke as Assistant Professor Major Leonard R. Daems, Assistant Professor Major James J. Ford, Assistant Professor Major James R. Mulligan, Assistant Professor Captain Harold E. Curry, Assistant Professor Captain Oscar R. Frandsen, Assistant Professor Captain Levis E. Hess, Assistant Professor Captain Glen Alan Hill, Assistant Professor Captain Charles L. Leroy, Assistant Professor Captain Alvin L. Roegge, Assistant Professor Captain Chester R. Smith, Assistant Professor Captain Nicholas R. Smith as Assistant Professor Captain Dillon Snell, Assistant Professor Captain Thomas G. Sweet, Assistant Professor 1st Lt. James A, Harsant, Instructor. Karl W. Kerstein(CWO) Instructor Transfers 1.. Josephine A. Brighenti from Home Demonstration Agent in Lenawee County to Home Demonstration Agent at.Large with no change in salary effective September 1, 195^- 2. Barbara Hanna from Secretary in the Lecture-Concert Series Office to Secretary in the Basic College with no change in salary effective September l6, 1956.' Salary Increases 1. Joseph P. Miles, Instructor in Business Education and Secretarial Studies, to $if600 per year on a 10-month basis effective September 1, 195^. 2. Russell J. Davis, Head of Inventory, to $6800 per year on a 12-month basis effective September 1, 1956. 3STEW BUSINESS Miscellaneous 1. Change in the effective date of the appointment of George A. McManus, Jr. as District Marketing Agent from September 1 to November 1, 195^ • 2. Change in salary distribution for L. S. Robertson, Assistant Professor of Soil Science, from 25$ General and 75$ Experiment Station to 25$ General, 2% Experiment Station, and 50$ Extension, effective January 1, 1957* 3. Change in salary distribution for Paul J. Rood, Assistant Professor of Soil Science, from 100$ Extension to 50$ Extension and 50$ Experiment Station, effective January 1, 1957- k. Designation of Robert W. Starring as Acting Head of the Department of Communication Skills from September 2h to November 7, 1956 as replacement of Mr. Bagwell who will be on leave of absence. 5.. Change in title for John W. Winburne from Assistant to the Dean of the Basic College to Assistant Dean for Student Affairs, effective October 1, 195^. 6. Change Mrs. Eleanor H. Tedesco from half-time to full-time Instructor in Business Education and Secretarial Studies at a salary of $4000 per year on a 10-month basis, effective from September 1, 1956 to August 31, 1957- 7. Assignment of Donald A. Taylor, Assistant Professor of General Business, to the project in Brazil at a salary of $10,000 per year, effective from September 1, 1956 to August 31 J 195^. 8. Assignment of staff members to the Labor and Industrial Relations Center as follows: a. William Form, Professor of Sociology and Anthropology, full time from September 1 to December 31, 195&- b. Eugene Jacobson, Associate Professor of Psychology, half-time from September 1, 195^ to August 31, 1957- c. William A. Sullivan, Assistant Professor of History, half-time from September 1, 195^ to August 31-, 1957- d. E. R. Dowling, Instructor in Communication Skills, half-time from September 1, 1956 to August 31/1957- e. A. Conrad Posz, Assistant Professor of Communication'Skills, half-time from September 1, 1956, to August 31, 1957. f. H. Murray Herlihy, Instructor in Social Science, half-time from September 1, 195^ to /. August 31, 1957. NEW BUSINESS, continued Miscellaneous, continued September lk, 1956 •.OO. 091 9. Transfer of Harold E. Gray from Assistant Professor of General Business to Assistant Professor of Continuing Education and a salary increase from $7700 on a 10-month basis to $8700 per year on a 12-month "basis, effective September 1, 1956. Dr. Gray will be the Regional Director at Benton Harbor. 10. Assignment of Keith B. Qdle, Assistant Professor of Continuing Education, to a position as Regional Director for the Saginaw-Bay City-Midland Area and a salary increase from $7200 to $8000 per year, effective September 1, 1956.- 11. Change in title of Lowell R. Eklund from Assistant Professor of Continuing Education to Assis tant Director and Assistant Professor of Continuing Education and a salary increase from $9000 $10,000 per year, effective September 1, 1956. Mr. Eklund will.be responsible for the Conference Program. t r a n s f er jHarold Gray JK. Odle, Re g i o n al D i r. ISag-Bay C i ty jMidland Area JL.R. Eklund |Asst. D i r. & jAsst. Prof. jCont. Educ. I James Harrison jAsst. D i r . f or IResearch 12. Change James W. Harrison from Assistant Director of Continuing Education for Conference Programs to Assistant Director for Research, effective September 1, 1956. 13.. Change A. Westley Rowland from Executive News Editor to University Editor in Information-..Service I We s t l ey Row- s l a nd changed to Univ.Editor 1 ! L. Leisenring ±k. Change in title for Lyle Leisenring from Recorder to Assistant Registrar and a salary increase lAsst. Regis. and a salary increase from $9500 to $10,000 per year, effective September 17, 1956. from $7600 to $8000 per year, effective September 1, 1956. I Report of I death W.L.Watt !Approval of :several :recommenda- 'tions of Personnel 15. Report of the death of Walter Leslie Watt on August 21, 1956. Mr. Watt-was b om on September 11, 1886, and was an Instructor in Mechanical Engineering from September 15, 1919, until his retirement on July 1, 1952. 16. Recommendation from the Director of Personnel for the following positions: a. Establishment of a Chemist (Ag) IIIA position in Agricultural Chemistry for one year only beginning September 1, 1956, and paid from account 7I-67OO. b. Establishment of a Chemist (Ag) III position in Agricultural Chemistry from September 16, 1956 to June 15, 1957 and paid from account 71-6567. c. Establishment of a Tecnhician IIB position in Dairy, paid from account 71-6700. d. Establishment of a half-time Clerk-Stenographer I position in Dairy, paid from account 7I-67OO. e. Establishment of a Clerk-Typist position in Speech. f. Establishment of a Technician IIIA position in Botany and Plant Pathology, paid from account 71-6700. g. Establishment of a Clerk-Typist position in Microbiology and Public Health, paid from account II-38H. h. Establishment of a Secretary-Departmental I position in the Office of the Supervising Architect, paid from account H-5313. i. Establishment of a Lighting Supervisor IV position in Television Development. This position is now a Board appointment, j. Reclassification of an Account-Clerk I to a Secretary-Departmental I position in Buildings and Utilities. k. Establishment of a Clerk II position in Dormitories and Food Services in the office of the Manager of Residence Halls. I. Establishment of a Clerk-Typist position in the Purchasing Department. 17« 1 8. 1 9. 2 0. 2 1. 22. 23 < 2k. Appropriation of $1525 for the Dean of Students to be used to pay the salary of a head resident adviser in West Shaw Hall. Appropriation of $2000 to be used to purchase uniforms for the men's Glee Club. The Oldsmobile Company has again offered to sponsor the Michigan State University Band for the Notre Dame trip on October 20 and the University of Illinois trip on October 27. Mr. May and Secretary McDonel recommend a 10-year contract with the Consumers Power Company for electric services to the new married housing development on the 'Clever property. Approval of the contract with, the American Hotel Institute covering the moving of this operation to the Michigan State University campus to operate under the direction of the Director of the School of Hotel, Restaurant, and Institution Administration. The American Hotel Institute will pay the salaries of operating personnel employed by it, and one-half of the salary of a Uni versity staff member who will also serve as Director of the Institute, the maximum cost to the Institute for this item not to exceed $5,000 per year. The third party to the contract is the American Hotel Association, and they agree to underwrite and guarantee the obligations, responsibilities, and duties of the American Hotel Institute and to lend aid and encouragement to this project. Discussions leading to this contract have been in progress over an extended period of time. Approval of a deed to a parcel of land at the Graham Station, Grand Rapids, to Josephine Graham Hebard in exchange for waiver of all rights of reverter to the balanee of the Graham Station property. Recommendation from Dean Erickson that the diagnostic reading service be opened for service to the elementary and secondary schools of Michigan on October 1, 1956, at a fee of $7*50 per child, all fees to be credited to the General Fund. \ $1525 approp ID. of Student office $2000 to pur Glee Club iuniforms : Oldsmobile to sponsor Band \ trips j 10-yr con tract Cons. I Power ; Contract Mi. Hotel Inst. •. Approval of deeding par cel land to Jos. Graham Hebard Diognostic reading ser vice to be opened to el. & sec.sch Recommendation from Mr. McDonel that the safety fence along the Red Cedar River from the bridge to the Beal Street entrance be replaced at an estimated cost of $2800, to be changed to Alterations and Improvements 1956-57» Safety fence Red Cedar to be replaced 3692 I Contract underground elec. service M. Student Housing let to Barker- Fowler FEW BUSINESS, continued Miscellaneous, continued September l4, 1956 25. Bids for the construction of primary electric pole line and underground electric service for the Married Student Housing on the Clever property were received as follows: Barker-Fowler Electric Co. Harris McBurney Co. Hall Electric Co. Lansing Electric Motors $^3,393 1^,998 ^9,987 69,212 It is recommended that the low hid of Barker-Fowler Electric Company in the amount of $^3,393 be accepted. Contract high!26. The following bids were received for the high pressure steam line to the Laundry Building: pressure steam line toj Shaw-Winkler j Shaw-Winkler, Inc. R. L. Spitzley Heating Co. 9,820 11,21*5 It is recommended that the low hid of Shaw-Winkler, Inc. be accepted in the amount of $9,820. ;27. The following bids were received for the construction of a Golf Course Maintenance Building: Contract golf course maint. bldg. let to Mru Bennett William Bennett Perron Construction Co. Hanel-Vance Construction Co. Haussman Construction Co. Bruno J. Siwek 28,100 32,158 32,610 32,990 39,000 I It is recommended that the low bid of William Bennett in the amount of $28,100 be accepted. I Gifts and Grants Gifts and Grants I 1. Grants as follows to be used for scholarship and loan fund purposes: a. Grants as follows to be credited to the Marion Lowe Hemans Loan Fond: (1) $139 from Harris E. Hemans (2) $26l from Emilie F. Kufeld (3) $10 from Marjory King b. $300 from the Board of Home Missions of the American Missionary Association of New York City to provide a grant for a graduate student. c. $^-29 from Charles E. Culpepper Foundation, Inc., of New York City for a student for the 1956-57 year. d. $100 from Mrs. A^ice E. Holcroft of Detroit for a woman student. e. $200 from the City of Brockton, Massachusetts, to provide a special grant for a student. f. $100 from The Chicago Farmers of Chicago. g. $100 from Little Brothers of Kalamazoo for a short course student, h. $800 from the LaVerne Noyes Estate of Chicago- i. $500 from Charles and Helen Smillie Foundation for a student in the Industrial Engineering option, j. $150 from Fellow employees of Eugene Burch, class of 1953; to be used to establish a "Eugene Burch Scholarship Loan Fond" from which loans are to be made to undergraduate students who are in temporary financial need. Students requesting this loan are to be enrolled in the College of Engineering. j k. $4o8 from the J. ¥. Khapp Company Charitable Trust of Lansing to continue the scholarships for retailing. 1. $500 from Duncan Hines of Bowling Green, Kentucky, to continue the previously established scholarship, m. $600 from Dow. Corning Electrical Insulation Corporation of Midland to establish the Dow. Corning Electrical Insulation Scholarship for 195^-57- n. $600 from the Jewel Tea Company, Inc., of Chicago to provide prizes for three students who worked for the Jewel Food Stores in their college recruiting program during the summer of 1956- 0. $1200 from The Kroger Company of Cincinnati to cover the cost of six established scholarships. p. $2000 from The Food Fair Stores Foundation of Philadelphia to be added to the Grocery Manu facturer's Scholarship fund* q_. $1000 from the Grocery Manufacturers to be added to their scholarship fund r. $1000 from Joseph Shane of Pasadena, California, to be added to the Grocery Manufacturer's Scholarship Fund. ^ ; < v. s. $1000 from N. W. Townsent of Cleveland, Ohio, to be added to the Grocery Manufacturer's Scholarship fund. t. $1000.99 from Food Fair Super Markets of Washington, D. C. to be added to the Grocery Manufacturer's Scholarship Fund. 2. Renewal of a memorandum of agreement with the Michigan Safety and Job Training Committee of Ubly to cover a grant of $6l00 to be used under the direction of A. W. Farrall in Agricultural Engineering to carry on an in-service safety and job training program. 3. Approval of a memorandum of agreement with the Corn States Hybrid Service of Des Moines, Iowa, covering a grant of $1500 to be used under the direction of A. W. Farrall in Agricultural j Engineering and K. T. Payne in Farm Crops to study the field application and electrostatic dusting principles. k. Renewal of a memorandum of agreement with the Midwest Barley Improvement Association of Milwaukee, Wisconsin, covering a grant of $*i00 to be used under the direction of John Grafius in Farm Crops I in testing barley varieties in the Thumb area and the effect of different fertilizers upon the yield and malting quality of these varieties. NEW BUSINESS/ continued Miscellaneous, continued Gifts auad Grants, continued September 1 4 / 1 9 56 *5fV*Cji> 698 j I jGifts and 5. Renewal of a memorandum of agreement with the Michigan Seed Dealers Association of Wayland cover- j Grants ing a grant of $500 to be used under the direction of B. R. Churchill in Farm Crops to study seed j. production in forage grasses and legumes. 6. Renewal of a memorandum of agreement with the Tennessee Valley Authority covering a grant of $7000 ] to he used under the direction of R. L. Cook and G. L. Johnson in Soil Science and Agricultural ] Economics to aid and facilitate methodological research designed to determine economic aspects of fertilizer use in the production of farm crops. | 7. Renewal of a memorandum of agreement with the Michigan Foundation Seed Association of East Lansing j to cover a grant of $900 to he used under the direction of James Tyson in Soil Science to obtain information on the management of turf grasses for lawns and golf courses. 8. Renewal of a memorandum of agreement with the Ford Motor Company of Dearborn covering a grant of $1500 to be used under the direction of the Colleges of Education and Business and Public Service to finance scholarships to participants in the Workshop on Economic Education. 9. Renewal of a memorandum of agreement with the Michigan Consumer Finance Association of Lansing covering a grant of $200 to be used under the direction of the Colleges of Education and Business j and Public Service to finance scholarships to participants in the Workshop on Economic Education. 10. Additional grant of $500 from the Federal Civil Defense Adminstration of Battle Creek to be used under the direction of Glendon Schubert in Political Science for a survey of the various civil defense organizations throughout the United States. 3J.. Renewal of a memorandum of agreement with the United Community Chest and Council covering a grant of $800 to be used under the direction of E. B. Harper in Social Work to support a fellowship. 12. Grant of $12,262 from the Office of Vocational Rehabilitation of the Department of Health, Educa tion and Welfare of Washington, D.C., to be used under the direction of E. B. Harper in Social Work to employ a staff specialist andthree traineeships.. 13. Renewal of a memorandum of agreement with the National Cancer Institute of Bethesda, Maryland, covering a grant of $10,648 to be used under the direction of Allen S. Fox in Zoology in genetic studies. The agreement provides for special graduate research assistants. Ik. Renewal of a memorand-um of agreement with the National Institutes of Health of Bethesda, Maryland, j covering a grant of $12,775 "to be used under the direction of W. L. Mallmann and W. N. Mack in Microbiology and Public. Health for studies on the isolation of enteric viruses from sewage. The agreement provides for special graduate research assistants. 15. Renewal of a memorandum of agreement with The Carbide and Carbon Chemicals Company of New York City covering a grant of $2500 to be used under the direction of R. N. Costilow in Microbiology and Public Health to continue studies on the use of sorbic acid as a selective agent in cucumber fermentations. The agreement provides for a special graduate research assistant. 16. Grant of $1850 from the Class of 1956 to be used under the direction of Jackson Towne to furnish the second floor student lounge at the west end of the Library. Report for Board Members 1. Since the last meeting of the State Board of Agriculture, the following alterations and improve ment items have been approved and charged to Alterations and Improvements 1956-57: a. Alterations rooms 30^A ^cl 338 Morrill Hall to make offices b. Provide three offices third floor Morrill Hall for Economics c. Alterations to rooms 25 and 28 Building A-2 for Art Department d. Alterations to rooms 3 Hj 312, 313.* Natural Science for Geography e. Provide ventilation basement Zoology Animal House f. New well, pump, etc., Wieland Farm g. Improve lighting 107 Morrill Hall for Sociology h. Improve offices 230, 232, 225 Jenison Gymnasium i. Cut door between rooms IV3 and 1^5 Auditorium j. Alterations room 5j> Journalism k. Alterations rooms 15, 17, 21 Building A-8 1. Provide flag pole for Air Forces, and water in Quonset 68 m. Improve and ventilate rooms 105 and 115 Agricultural Engineering $ 180 1200 1235 I5OO 325 1950 1^50 1050 550 23OO 1235 270 II50 \ Alterations and improve- ;ments : approved 2. Additional payments to salaried employees since the last Board meeting, as per list on file. On motion of Mr. Brody, seconded by Mr. Rouse, it was voted to approve the President's Report and all New Business. Add. payments] salaried employees Total $13,395 O1 "5694 : ADDITIONAL ITEMS Resignations Resignations and Terminations September 1^, 1956 ! 1. Marian U. Kottke, Consumers Marketing Information Agent in Flint, effective September 15, 1956* Mrs. Kottke is moving to Texas with her husband. j 2. Herbert S. Livingston, Associate Professor of Music, August 31, 1956 to accept a position at [ Ohio State University. ! 3. Edwin Wintermute, Assistant Editor MSU Press, September 21, 1956 to accept a position at the Lansing State Journal. I k\ Joseph Marlov, Specialist Vietnam Project, August 8, 1956 for health reasons. Leaves ] Leaves--Sabbatical i'l. Francis C. Byrnes, Associate Professor and Associate Director, National Project in Agricultural Communications with full pay from January 7, 1957 to March 22, 1957 to complete his Master's degree at MSU. j ; 2. Werner A. Bohnstedt, Professor of Humanities, with full pay from April 1, 1957 to June 19, 1957 to study and travel in Europe. : Leaves--Other 1. Gould S. Pinney, k-~& Club Agent in Bay County without pay from October 1, 1956 to January 31, 1957 and February l6, 1958 to April 15, 1958 to complete his B.S. at Central Michigan College of Education. 2. George A. Petrides, Associate Professor of Fisheries and Wildlife without pay from September 1, 1956 to August 31, 1957 to accept a Fulbright fellowship in Kenya. Appointments -Appointments 1. Lowell Ernest Weller, Assistant Professor (Res.) of Agricultural Chemistry at a salary of $6420 on a 12-month basis effective October 1, 1956. 2. Eber William Eldridge, Instructor (Ext.) in Agricultural Economics at a salary of $^-200 per year on a 12-month basis effective from September 23, 1956 to June 30, 1957* 3. Glynn McBride, Assistant Professor (Res.) of Agricultural Economics at a salary of $7100 per year on a 12-month basis effective September 1, 1956. Ik. Wesley F. Buchele, Associate Professor of Agricultural Engineering at a salary of $9000 per year on a 12-month basis effective October 1, 1956. 5* Albert W. Erickson, Instructor in Fisheries and Wildlife at a salary of $^200 per year on a 10-month basis effective October 1, 1956 to June 30, 1957- 6. M. John Bukovac, Instructor (Res.) in Horticulture at a salary of $5^-00 per year on a 10-ij.onth I basis effective September 16, 195& to June 30, 1957- 7- Albert T. Martin, Instructor in Communication Skills at a salary of $5200 per year on a 10-month basis effective September 1, 195^. 8. Joseph R. Gambardella, Instructor in Economics and Bureau of Business Research at a salary of $166.68 per month effective September 1, 1956 to December 31, 1956. 9. C. Joseph Sequin, Instructor in Economics at a salary of $2000 per year on a 10-month basis effective September 1, 1956 to August 31, 1957. 10. Claude A. Bitner, Jr., Instructor in Economics at a salary of $2000 per year on a 10-month basis effective September 1, 1956 to August 31, 1957. 11. Donald H. Pound, Instructor in Hotel, Restaurant and Institutional Management at a salary of $3000 for the period October 1, 1956 to June 30, 1957. 12* Robert Mayberry, Assistant Professor of Health, Physical Education and Recreation at a salary of 1 $5800 per year on a 10-month basis, effective September 16, 1956. 13. Margaret B. Hanson, Instructor in Home Management and Child Development at a salary of $^4-00 for the period September 1, 195^ to December 31, 1956. Ik. Louise H. Thompson, Teacher in the Spartan Nursery at a salary of $2200 per year on a 10-month basis effective from September 1, 1956 to August 31, 1957. 15. Marguerite M. Miller, Assistant in Foreign Languages at a salary of &275 per month from October 1, 1956 to June 30, 1957. 16. Joseph Silva, Assistant in Foreign Languages at a salary of $150 per month from October 1, 1956 to June 30, 1957- ADDITIONAL ITEMS, continued Appointments, continued September lh, 1956 8095 17 Maria Elena Morris, Assistant in Foreiga Languages at a salary of $250 per month from October 1/ 1956 to. June 30, 1957- I Appointments 18* Bruce E. Hartsuch, Associate Professor of Chemistry at a salary of $3512*50 for the period October 1, 195^ to June 30, 1957« This is in addition to his retirement pay. 19* Arthur Brenton Boggs, Instructor in Mathematics at a salary of $3600 for the period October 1, 1956 to June 30, 1957. 20* Myrlen Crosby Johnson, Instructor in Mathematics at a salary of $700 for the period October 1, I 1956 to December 31, 1956. 2 1/ Morris Skibinsky, Assistant Professor.of Statistics at a salary of $6500 per year from Septem- | ber 1, 1956 to August 31, 1957- 22. Appointment of the following in Air Science for the period September 1, 1956 to June 30, 1957 at the salaries indicated: Col. Glendon V. Davis, $50 month Professor Lt. Col* Jeremy K. Schloss, $20 Associate Professor Major John B. Barron, Asst. Prof, $20 month Major August G. Benson, Asst. Prof. $20 month Major Thomas W. MeGrain, Asst. Prof. $20 month Major Wm. Smith, Asst. Prof. $20 month Major Glenn P. Wilson, Asst. Prof. $20 month (effective Oct. 1, 1956) Captain Sam Asseo, Asst. Prof. $20 month Captain Ray E. Council, Asst. Prof. $20 month Captain Robert H. Reed, Asst. Prof. $20 month Captain Ernest J. Reeves, Asst. Prof. $20 month Captain Spencer C. Savage, Asst. Prof. $20 month 1st Lt. James W. Cooksey, Inst. $20 month 1st Lt. Charles. L. Hunt, Inst. $20 month I j 23. Robert Rentchler, Instructor in Continuing Education at a salary of $5000 per year on a 12-month basis effective September 16, 195^. 2k. Aileen Brothers, Textbook Editor, MSU Press, at a salary of $5500 per year on a 12-month basis, [ effective September 10, 195^. Miscellaneous 1. Appointment of Stanley J. Idzerda, Associate Professor of Humanities, as Assistant to the Dean of the Basic College and a salary increase from $7050 on a 10-month basis to $8500 per year on a 12-month basis, effective January 1, 1957- 2. Change in status of John M. Hunter, Associate Professor of Economics, from a 10-month basis at $7500 per year to a 12-month basis at $9500 "per year, effective from September 1, 195& to August 31, 1957. 3. Transfer of Harold R. Jolliffe from Professor of Journalism to Professor of Communication Arts at the same salary, effective September 1, 195^- I Stanley I Idzerda I Asst. to Dean ; Basic Coll. Ch. status John Hunter to 12 mo at $9500 Trans. H.R. Jolliffe to Prof. Comm. Arts John McCall Prof Promotion of John T. McCall from Assisxant Professor to Associate Professor of Applied Mechanics«_ effective September 1, 195&. Recommendation that the salary of C. P. Wells, Professor of Mathematics, be paid 75$ from University General and 25$ from Office of Ordnance Research funds, account 7X-2303, from September 1, 1956 to June 30, 1957- 6, Termination of the appointment of Richard Schlegel as Acting Head of the Physics Department, effective August 31; 1956; and appointment of Robert D. Spence as Acting Head of the Physics Department at an additional salary of $150 per month, effective from September l6, 1956, to September 15, 1957- 7« Transfer of Samuel C. Schmittle from Associate Professor of Microbiology and Public Health to Associate Professor of Veterinary Pathology and a salary increase from $8800 to $10,000 per year, effective September 1, 195^- 8. Increase in salary for Ho^ward R. Neville, Acting Director of Continuing Education, from $7600 to $8500 per year, effective September 1, 195&. 9. Correct leave of absence dates for Ruth B. Sands from September 16 to December 15, 1956, to October 16 to December 15> 195&. 10, Reassignment of Henrietta Alubowicz as Librarian for the Vietnam Project at a salary of $6525 per year on a 12-month basis, effective from August 22, 195^, to August 21, 1957. 11, Recommendation from the Retirement Committee for the retirement of Floyd Porter, Campus Mail Carrier, at a salary of $1609 per year, effective September 15, 1956. Mr. Porter has been employed by the University since February 2, 1925. Change in salary spread JC.P. Wells R.S. Spence ;Acting Hd. Physics Trans. S.C. ;Schmittle to Vet. Path, at ;$10,000 yr !Salary inc. \ Howard Hevill to $8500 yr. Lve RuthSands corrected Reassignment H. Alubcwicz to Vietnam Reitrement Floyd Porter approved Animal Path. 12, Recommendation from the Administrative Group that the name of the Department of Animal Pathology ; ^ ^ S ^ ^° be changed to the Department of Veterinary Pathology, effective September lo, 1956. Vet. Path. pproval of I 14. everal classij ication Ganges Tab. Ita Pi Sor, I 16. 1200 approp * \ 0 cover cost ! f distributing ilm 17. Lumni Cita- j to R. Calder, j L. Be:nnan,E.L. Harden, C.T. [ Prescoxt Approval agree J.8. Nat. Rest. Assoc. Contract for ' const. driver training area let to Spartan Asphalt Pav. ! Passenger elevator in Morrill Hall | awarded to Haughton Elevator Co. Contract for paving, sewer r21, curb wall, fencing 20 tennis courts: let to Spar tan Asphalt Paving Co. 3696 ; ADDITIONAL ITEMS, continued Miscellaneous, continued September l4, 195^ rans budget osition no, 13.. Transfer of Budget Position number l4 in the Department of Microbiology and Public Health 4 Microbe to | to the Department of Veterinary Pathology. This position is financed from Experiment Station et. Path. funds. j Recommendation for the following classification changes in positions in the Tabulating Dept: a. Change the salary range of the IBM Operator II classification from $3840 to $4020 per year to $3780 to $4l40 per year. Supplemental \ pprop $856 o pay half al. house- other Alpha b. Establish an IBM Operator III classification with a salary range of $4o8o to $4440 per year. c. Reclassify an IBM Operator II to an IBM Operator III position (Position Number 6) 15- Supplemental appropriation of $856 to pay one-half the salary of the housemother for the Alpha Delta Pi Sorority. The other half of this salary will be recovered from the sorority in accordance with the usual practice. It is recommended by Mr. Denison that the Board appropriate $1200 to cover the costs of dis tributing the film, "The Second Hundred". There continues to be a considerable demand for this film, and it is estimated that it will be shown at least 1000 times outside of Michigan during the coming year. With previous clearance by the Board, the Alumni Advisory Council proposes to award honorary alumni citations at the homecoming banquet on October 13 to Ralph R. Calder, Louis J. Berman, Edgar L. Harden, and Charles T. Prescott. Approval of an agreement prepared by Mr. Carr between Michigan State University and the National Restaurant Association covering the establishment of a laboratory on the campus for the testing of food service equipment and associated activities. This operation is to be located in the space that has been provided in Brody Hall. The National Restaurant Association is providing $10,000 for the purchase of instruments and equipment. The laboratory will operate as a project of the School of Hotel, Restaurant, and Institutional Management with an advisory committee of the members of the food service industry appointed jointly. The National Restaurant Association agrees to contribute $5,000 annually toward the cost of this operation. j 19. Bids for the construction of the Driver Training Area have been received as follows: Spartan Asphalt Paving Company Wright Construction Company $37,140.00 49,352-50 It is recommended that the low bid of the Spartan Asphalt Paving Company in the amount of $37,140 be accepted. ! 20. Bids for the installation of an electric passenger elevator in Morrill Hall have been received as follows: Haughton Elevator Company Westinghouse Electric Corporation Otis Elevator Company 24,108 26,953 31,984 It is recommended that the low bid of the Haughton Elevator Company in the amount of $24,108 be accepted. Bids for paving, sewer and water, curb wall, and fencing for the construe "Hon of 20 new tennis courts south of the Stadium have been received as follows: Paving Spartan Asphalt Paving Company Wright Construction Company Sewer and Water Victor Garmyn A, J. Miller Company Curb Wall Rudf* Lange Construction Company Hanel-Vance' Construction Company Kenneth Roberts Construction Company Vandenburg Construction Company Fencing, net posts complete Cyclone Fence Company Allen Fence Company Evans Sales and Service Company $14,822-00 17,340.00 2,805-00 3,357-00 2,328.23 2,347-00 2,760.00 2,800,00 6,856.72 7,384.00 8,593*00 Purchase of Wayne Schultz; property \ 22. Corporation deed approved: for Morley 123« Brothers 124. It is recommended that the low bid in each instance be accepted. Recommendation that the University purchase the Wayne Schultz property located on Forest Road adjacent to the golf course at a price of $10,500. The property is 148¾f x 330*, and there is a five room house in good condition. When the land adjacent to the Clever farm was purchased from the Morley Brothers, it was understood that we would make available to them on the east side of Harrison Road adjacent to the Grand Trunk Railroad right-of-way a tract of land for a railroad siding 89 feet by 500 feet. For a time it was hoped that Morley Brothers would not require this land, but they now request that it be deeded to them. It is recommended that the Board authorize the execution of a corporation deed without the warranty for this property. When the Jensen property was recently purchased to provide a right-of-way for sewage and other continued: September iV, I956 '•*T*'f%, ! ADDITIONAL ITEMS, continued Gifts and Grants, continued Gifts and q. continued: September 14, 1956 funds for the previously established scholarship in. Engineering for the spring term 1956. 2.. Grant of $37,000 from the National Science Foundation of Washington, D. C, to he used under the direction of C. A. Lavs on in Natural Science to defray expenses of a conference of 20 high school and 10 university "biology teachers at East Lansing for the purpose of writing a Secondary School Source Book for Biology Laboratories. 3. Grant of $50 from R. J. Cooper of Chicago to he used under the direction of S. Earl Thompson in Hotel, Restaurant and Institutional Management to support the work of the School. h. Approval of a memoranda of agreement with the Shell Chemical Corporation of Denver, Colorado, covering a grant of $600 to he used under the direction of B. H. Grigshy in Botany to determine the effectiveness of defoliant chemicals in. drying of beans in the field shortly before harvesting. 5. Renewal of a memorandum of agreement with the Office of Ordnance Research of the United States Army covering a grant of $7,120.1§?°u§§d under the direction of C. P. Wells in Mathematics to study the behaviour of certain antenna radiation from a mathematical viewpoint to determine this behaviour in a form suitable for engineers. Provision is made for special graduate research assistants. 0. Grant of $21,000 from the National Science Foundation of Washington, D. C. to be used under the direction of W. H. Tanttila and J. A. Cowen in Physics and Astronomy to study the interactions of lattice vibrations with nuclei, electrons and holes. Provision is made for special graduate research assistants. 7. 8, Renewal of a memorandum of agreement with the Michigan Artificial Breeders Cooperative of East Lansing covering a grant of $13,162.15 to be used under the direction of C. W. Duncan in Agri cultural Chemistry and C. C. Morrill in Veterinary Pathology in a study of reproductive dis orders of livestock, especially cattle. Renewal of a memorandum of agreement with The Upjohn Company of Kalamazoo covering a grant of $175 to be used under the direction of David T. Clark in Microbiology to study the anthelmintic effectiveness of Parvex and other compounds in selected farm animals. 9. Renewal of a memorandum of agreement with Merck Sharp & Dohme, Inc., of Philadelphia covering a grant of $2,500 to be used under the direction of A. R. Drury in Surgery and Medicine to investigate all phases of Mastitis with particular reference to control and prevention. On motion of Mr. Mueller, seconded by Dr. Smith, it was voted to approve all the items of New Business that have not been acted upon. fe, RESOLUTION OF THE STATE BOARD OF AGRICULTURE RELATIVE TO THE ISSUANCE AND SALE OF MICHIGAN STATE UNIVERSITY OF AGRICULTURE AND APPLIED SCIENCE STUDENT ACTIVITIES CENTER AND STATIUM REVENUE BONDS. (See motion Page 3686, item 10) WHEREAS, The State Board of Agriculture, in the exercise of its constitutional duties, has determined that it is necessary and expedient to construct, furnish and equip a Student Activities Center on the campus of the University, at East Lansing, Michigan, which building will provide the necessary office areas for the Departments of the Dean of Students, placement offices, counseling centers, and various student offices; and WHEREAS, this Board, in the exercise of its constitutional duties, has determined that it is necessary and expedient to increase the seating capacity of the present athletic stadium at Michigan State University of Agriculture and Applied Science, at East Lansing, Michigan, by constructing an addition thereto, consisting of a second deck of seats on the east and west sides of said stadium, which when completed will provide additional seating capacity for approximately fifteen thousand (15,000) persons, and an adequate Press Box; and WHEREAS, this Board deems it necessary and expedient to issue and sell Michigan State University of Agriculture and Applied Science Student Activities Center and Stadium Revenue Bonds in the aggre gate principal amount of Four Million Six Hundred Fifty Thousand Dollars ($^,6^0,000.00), for the purpose of providing funds to pay costs incidental to the construction, furnishing and equipping of the Student Activities Center and the addition to the athletic stadium more particularly described in the preceding paragraphs, including but not limited to Architects x fees, costs of bringing utility services to said Student Activities Center, costs of necessary walks and drives, landscaping, Insurance during construction, financing costs and costs of unforeseen contingencies, and to establish a Debt Service Reserve Fund in the principal amount of Two Hundred Thousand Dollars ($200,000-00); and WHEREAS, Ann Arbor Trust Company, of Ann A.rbor, Michigan, has submitted for the consideration of this Board a form of Trust Agreement pursuant to which Michigan State University of Agriculture and Applied Science Student Activities Center and Stadium Revenue Bonds of the face value of Four Million Six Hundred Fifty Thousand Dollars ($^-,650,000.00) may be issued and sold. NOW, THEREFORE, BE IT RESOLVED BY THE STATE B0APD OF AGRICULTURE that it borrow the sum of Four Million Six Hundred Fifty Thousand Dollars ($4,650,000.00) through the issuance and sale of Michigan State University of Agriculture and Applied Science Student Activities Center and Stadium Revenue Bonds, under the terms and conditions more specifically set forth in the Official Statement of this Board relative to such issuance and sale; which Official Statement is incorporated herein by reference, with the same force and effect as if fully set forth herein. RESOLUTION RE: ISSUANCE MD SALE OF MSU STUDENT ACTIVITIES CENTER AND STADIUM BONDS, continued: September ik, 19$6 8699 BE IT FURTHER RESOLVED that the Trust Agreement "between"this. Board and Am Arbor Trust Company, to he dated as of August 15, 1956., which conforms to the terms and conditions set forth in the Official Statement of this Board and pursuant to which said Student Activities Center and Stadium Revenue Bonds may he issued and sold, he and the same is herehy approved as to content and form. BE IT FURTHER RESOLVED that this Board issue Michigan State University of Agriculture and Applied Science Student Activities and Stadium Revenue Bonds of the face value of Four Million Six Hundred Fifty Thousand Dollars ($^650,000.00) pursuant to the terms and conditions set forth in the j Official Statement adopted hy this Board and the Trust Agreement above referred to, and to sell the \ same to provide funds to pay costs incidental to the construction, furnishing and equipping of the Student Activities Center, which huilding, when completed and placed in operation, will provide the ! necessary office areas for the Departments of the Dean of Students, placement offices, counseling centers, and various student offices, and to pay costs incidental to the construction of an addition \ to the present athletic stadium, which when completed, will increase the seating capacity of said stadium hy approximately fifteen thousand seats and will provide an adequate Press Box, to pay Architects1 fees, financing costs, costs of unforeseen contingencies ;and other costs incidental to [ such construction and financing, and to establish a Deht Service Reserve Fund in the principal j amount of Two Hundred Thousand Dollars ($200,000,00). Resolution re: issuance and sale of MSU Student Activities Center and Stadium Bonds BE IT FURTHER RESOLVED that Philip J. May, Comptroller and Treasurer of Michigan State Uhiver- j sity of Agriculture and Applied Science, he and he is herehy authorized, empowered and directed, .in- the name of The State Board of Agriculture and as its corporate act and deed, to execute and sign the Student Activities Center and Stadium Revenue Bonds herein provided for. If Philip J. May, hy reasons of illness,, absence or for some other reason, is unable to sign the Student Activates. Center and Stadium Revenue Bonds herein provided for, then, in such event, the same shall he signed hy Karl H. McDonel, Secretary of the University. To facilitate the signing of honds, said Philip J. May is authorized to sign said honds as P. J. May; and if the honds shall he signed hy j Karl H* McDonel, he is authorized to sign the name K. H. McDonel. The coupons appertaining to the } Student Activities Center and Stadium Revenue Bonds shall he authenticated hy the facsimile signature of Karl H. McDonel, Secretary of the University/ \ BE IT FURTHER RESOLVED that any two of the following officers of Michigan State University of "• j Agriculture and Applied Science, to-wit: John A. Hannah, President, Karl H. McDonel, Secretary, and Philip J. May, Comptroller and Treasurer, are herehy empowered and directed, for and in the name of The State Board of Agriculture and as its corporate act and deed, to execute the Trust Agreement hereinbefore referred to, to pledge the Net Income, as therein defined, for the purpose of securing and paying all payments of principal, interest and reserve provided for in the Trust Agreement and Official Statement, and to perform all acts and deeds and execute all instruments and documents necessary, expendient and proper in connection with the horrowing of said sum of Four \ Million Six Hundred Fifty Thousand Dollars ($^-,650,000.00), the issuance of the Student Activities Center and Stadium Revenue Bonds, and the sale of the same. BE IT FURIHER RESOLVED that any two of said officers he and they are herehy authorized, empowered and directed, for and in the name of The State Board of Agriculture and as its corporate act and deed, to make, consent to, and agree to any changes in the terms and conditions of said Trust Agreement which they may deem necessary, expedient and proper, prior to or at the time of the j execution of said Trust Agreement, hut no such amendment shall change the provisions therein for the \ amount to he "borrowed, the interest to he paid thereon, the payments required to he made to the Trustee, or the security pledged. Provided, however,nothing herein contained shall he construed as \ limiting the right of such officers to alter or change the date of issue of said "bonds, the dates for payment of interest, or the dates fixed for payments to the Trustee provided for in said Trust Agreement. ! BE IT FURTHER RESOLVED that said officers, either in said Trust Agreement or hy the issuance of said Student Activities Center and Stadium Revenue Bonds, shall not pledge the credit of or create any liability on the part of the State of Michigan, The State Board of Agriculture, or any member or officer of this Board or any of their successors, other than to pledge such Net Income as \ is required by the Trust Agreement above referred to, and as set forth in the Official Statement. BE IT FURTHER RESOLVED that any one of the above named officers be and he is hereby authorized, empowered and directed, for and in the name of The State Board of Agriculture, to sell Michigan State University of Agriculture and Applied Science Student Activities Center and Stadium Revenue Bonds of the face value of Four Million, Six Hundred Fifty Thousand Dollars ($^-,650,000.00) in accordance with the terms of the commitments submitted by Ann Arbor Trust Company, as Fiscal Agent of this Board, upon the following teimis, to-wit: Term Bonds, Series A, due August 15, 1968, of the face value of One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00), at their face value and accrued interest, Term Bonds, Series B, due August 15, 1978, of the face value of One Million Six Hundred Thousand Dollars ($1,600,000.00), at 99$ of the face value of the same and accrued interest, Term Bonds, Series C, due August 15, 1983.? of the face value of One Million Eight Hundred Thousand Dollars ($1,800,000.00) at 99$ of their face value and accrued interest, and said Ann of the same. Irbor Trust Company is hereby authorized to accept paynent for said bonds upon delivery 3 ^ 00 ' * ; RESOLUTION OF THE STATE BOARD OF AGRICULTURE RELATIVE TO THE ISSUANCE AND SALE OF MICHIGAN STATE .UNIVERSITY OF AGRICULTURE AND APPLIED SCIENCE APARTMENT REVENUE BONDS. (See motion Page 3686 item 10) September 14, 1956 : Resolution WHEREAS,The State Board of Agriculture, in the exercise of its constitutional duties, has relative to determined that it is necessary and expedient to construct, furnish and equip, on the campus of issuance and Michigan State University of Agriculture and Applied Science, at East Lansing, Michigan, forty-six sale of bondsi&partment buildings, in -which will be located two hundred fifty-two one bedroom apartment units and -two hundred fifty-six two bedroom apartment units, and which when completed and placed in operation Apartment ;will be used to furnish housing accomodations for students attending Michigan State University of Revenue (Agriculture and Applied Science; and to construct and equip a Laundry and Maintenance Building to be jused to furnish laundry facilities for the persons residing in said apartments and in connection with !the maintenance of the same; and WHEREAS, this Board deems it necessary and expedient to issue and sell Michigan State University bf Agriculture and Applied Science Apartment Revenue Bonds in the aggregate principal amount of Five Million Two Hundred Thousand Dollars ($5,200,000-00), for the purpose of providing funds to pay costs incidental to the construction, furnishing and equipping of the forty-six apartment buildings and laundry and Maintenance Building more particularly described in the preceding paragraph, including, but not limited to, Architects' fees, costs of bringing utility services to said buildings, prodding necessary walks and drives, landscaping, insurance during construction, financing costs, including interest during construction, costs of unforseen contingencies, and other costs incidental [to the construction, furnishing and equipping herein contemplated, and to establish a Debt Service Reserve in the principal amount of Two Hundred Fifty Thousand Dollars ($250,000.00); and WHEREAS, Ann Arbor Trust Company, of Ann Arbor, Michigan, has submitted for the consideration of I this Board a form of Trust Agreement pursuant to which Michigan State University of Agriculture and Applied Science Apartment Revenue Bonds of the face value of Five Million Two Hundred Thousand Dollars ($5,200,000.00) may be issued and sold; NOW, THEREFORE, BE IT RESOLVED BY THE STATE BOARD OF AGRICULTURE that it borrow the sum;of Five Million Two Hundred Thousand Dollars ($5,200,000.00), through the issuance and sale of Michigan State University of Agriculture and Applied Science Apartment Revenue Bonds, under the terms and conditions more specifically set forth in the Official Statement of this Board relative to such issuance and sale; which Official Statement is incorporated herein by reference, with the same force and effect as if fully set forth herein. BE IT FURTHER RESOLVED that the Trust Agreement between this Board and Ann Arbor Trust Company, to be dated as of August 15, 195^, which conforms to the terms and conditions set forth in the Official Statement of this Board and pursuant to which said Apartment Revenue Bonds may be issued and sold, be and the same is hereby approved as to content and form. BE IT FURTHER RESOLVED that this Board issue Michigan State University of Agriculture and Applied Science Apartment Revenue Bonds of the face value of Five Million Two Hundred Thousand Dollars ($5^200,000.00), pursuant to the terms and conditions set forth in the Official Statement adopted by this Board and the Trust Agreement above referred to, and to sell the same to.'-provide funds to pay costs incidental to the construction, furnishing and equipping of the forty-six apartment buildings on the campus of Michigan State University of Agriculture and Applied Science, which when completed and placed in operation will contain two hundred fifty-two one bedroom apartments and two hundred fifty-six two bedroom apartments, which will be rented to students attending the University; to pay costs of constructing and equipping a Laundry and Maintenance Building to provide laundry facilities for the residents of said apartment buildings and to be used in connection with the maintenance of the same; to pay Architects! fees, financing costs, costs of iinforseen contingencies and other costs incidental to such construction and financing; and to establish a Debt Service Reserve in the principal amount of Two Hundred Fifty 'Thousand Dollars ($250,000-00). BE IT FURTHER RESOLVED that Philip J. May, Comptroller and Treasurer of Michigan State University of Agriculture and Applied Science, be and he is hereby authorized, empowered and directed, in the name of The State Board of Agriculture and as its corporate act and deed, to execute and sign the Apartment Revenue Bonds herein provided for. If Philip J. May, by reason of illness, absence, or for some other reason, is unable to sign the Apartment Revenue Bonds herein provided for, then, in such event, the same shall be signed by Karl H* McDonel, Secretary of the University. To facilitate the signing of bonds, said Philip J. May is authorized to sign said bonds as P. J. May; and if the bonds shall be signed by Karl H. McDonel, he is authorized to sign the same K. H. McDonel. The coupons appertaining to the Apartment Revenue Bonds shall be authenticated by the facsimile signature of Karl H. McDonel, Secretary of the University. BE IT FURTHER RESOLVED that any two of the following officers of Michigan State University of Agriculture and Applied Science, to-wit: John A. Hannah, President, Karl H. McDonel, Secretary, and Philip J. May, Comptroller and Treasurer, are hereby empowered and directed, for and in the name of The State Board of Agriculture and as its corporate act and deed, to execute the Trust Agreement hereinbefore referred to, to pledge the Net Income, as therein defined, for the purpose of securing and paying all payments of principal, interest and reserves provided for in the Trust Agreement and Official Statement, and to perform all acts and deeds and execute all instruments and documents necessary, expedient and proper in connection with the Borrowing of said sum of Five Million Two Hundred Thousand Dollars ($5^200,000.00), the issuance of the Apartment Revenue Bonds, and the sale of the same. BE IT FURTHER RESOLVED THAT any two of said officers be and they are hereby authorized, empowered and directed, for and in the name of The State Board of Agriculture and as its corporate act and deed, to make, consent to, and agree to any changes in the terms and conditions of said Trust Agreement which they may deem necessary, expedient and proper, prior to or at the time of the execution of said Trust Agreement, but no such amendment shall change the provisions therein for the amount to be borrowed, the interest to be paid thereon, the payments required to be made to the RESOLUTION OF THE STATE BOARD OF AGRICULTURE RELATIVE ISSUANCE AND SALE OF:MICHIGAN STATE UNIVERSITY OF AGRICULTURE AND APPLIED SCIENCE APT REVENUE BONDS, continued: September lk, 1956 mot Trustee, or the security pledged. Provided, however, nothing herein contained shall "be construed as | j limiting the right of such officers to alter or change the date of issue of said "bonds, the dates for payment of interest, or the dates fixed for payment to the Trustee provided for in said Trust Agreement. j BE IT FURTHER RESOLVED, that said officers, either in said Trust Agreement or by the issuance of said Apartment Revenue Bonds9 shall not pledge the credit of or create any liability on the part of the State of Michigan, The State Board of Agriculture, or any member or officer of this Board or any of their successors, other than to pledge the Net Income, as defined in the Trust Agreement above referred to, and as set forth in the Official Statement. j BE IT FURTHER RESOLVED that any one of the above named officers be and he is hereby authorized, j empowered and directed, for and in the name of The State Board of Agriculture, to sell Michigan State University of Agriculture and Applied Science Apartment Revenue Bonds of the face value of Five Million Two Hundred Thousand Dollars ($5,200,000.00) in accordance with the terms of the commitments sibmittedj by Ann Arbor Trust Company, as Fiscal Agent of this Board, upon the following terms, to-wit: Term Bonds, Series A. due August 15, 1968, of the face value of One Million Four Hundred Thousand Dollars ($1,^00,000.00), at their face value and accrued interest, Term Bonds, Series B, due August 15, 1978, of the face value of One Million Dollars ($1,000,000.00) at 9 8 -^ of the face value of the same and accrued interest; of the face value of Eight Hundred Thousand Dollars ($800,000.00), at 99$ of the face value of the same and accrued interest, j Term Bonds, Series C, due August 15, 1983, of the face value of Two Million Dollars ($2,000,000.00) at 99$ of their face value and accrued interest, and said Ann Arnor Trust Company is hereby authorized to accept paynent for said bonds upon delivery of the same. •frXXXXXXXXXXXXX RESOLUTION AUTHORIZING THE REFUNDING OF THE BALANCE OF THE 19^-9 PENSION FUND LOAN, etc. (Seepotion page 3687) WHEREAS, it is in the best interest of this institution to refund Michigan State College of Agriculture and Applied Science Dormitory Revenue Notes dated July 8, 1950, and July 15, 1950, issued under Agreement dated January 15, 19^-9 j> between the State Board of Agriculture, the State Board of Agriculture as Trustees of the Michigan State College Retirement Fund and the Ann Arbor Trust Company of Ann Arbor, Michigan, Trustee, for the purpose of releasing the lien of one hundred four (104) apartments pledged thereunder for other purposes, \Resolution ;authorizing jRefunding of •the balance [of the 19^9 Pension Fund Loan. NOW THEREFORE, BE IT RESOLVED that the State Board of Agriculture authorize its Secretary and Treasurer to borrow the sum of three hundred twenty thousand ($320,000.00) dollars for a term of five (5) years with interest at three (3$) per cent per annum and as security therefor, covenant and agree that it will, beginning July 1,1956, for thefiscal year 195&-57 an