MINUTES OF THE MEETING
of the
EXECUTIVE  SESSION
OF THE
BOARD OF TRUSTEES
January  15, 1969

Subsequent  to dinner, the Trustees met  in executive session in the Heritage Room of Kellogg
^Center, with the following members present:

Messrs. Hartman, Huff, Martin, Merriman, Nisbet, Stevens, Thompson, and White;
president Hannah, Acting Vice President Wilkinson, Secretary Breslin.

Absent:  No one.

Discussion on  [
student request I
for unlimited  |
"open house" in !
residence halls \
and elimination |
of hour regula- |
I
tions: for 
| 
freshman women \
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|1.  The President  introduced  a discussion of the student requests  for unlimited  "open house" in
the residence halls and for the elimination of the requirement  that freshman women be in
their residence halls after certain hours.  The Academic Freedom Report provides  that
proposed  changes in student rules and regulations may be initiated  either by student  groups
or faculty and that when such proposed  changes have been approved by both  the Faculty
Committee on Student Affairs and ASMSU, the Vice President  for Student Affairs, acting  for
the President, will either approve or disapprove.  The student requests were approved by
both groups and submitted  to Vice President Dickerson.  He accepted  them in part and
rejected parts of them and  specifically  indicated his willingness  to approve a change  that
would  require freshman women to comply with hour regulations for one term only instead of
one year, and changes that would  include requirements  that  "open houses" in women's
residence halls should end at the regular closing hours for the residence halls, and that
"open houses" in the men's residence halls should terminate at 1:00  a.m.,  and that it was
his view that "open houses" should be limited  to not more than 3 nights  in any one week.

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The Faculty  Committee on Student Affairs, by a divided vote, decided to reaffirm its
earlier approval of the more liberal requested  changes, and asked Vice President  Dickerson
to request the Board of Trustees to overrule the positions  taken by Dr. Dickerson in order
that the changes as originally requested may become effective.

After discussion, it was moved by Mr.  Stevens, seconded by Mr. Merriman, that at the Trustees'
meeting  the President would report for the Board  of Trustees:

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a.  That the Board of Trustees had been advised by Dr. Dickerson of the action taken by

the Faculty Committee on Student Affairs and of the desire of ASMSU and of Men's Hall
Association that the Trustees overrule the action taken by Dr. Dickerson on the
"open house" policy changes as proposed by WIC and MHA;

b.  That the Trustees are not prepared  to consider  this proposal at this meeting, and urge
further  consideration of this matter in accordance with the procedures outlined  in the
Academic Freedom Report;

c.  That if it continues  to be desired  that the Trustees review this matter, it may be

considered at some future date.

Carried.

2.  Communication from Mr. Carr:

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In light of the unanticipated  and unfortunate publicity  that has attended  the matter of
Trustees1  automobiles, I enclose a letter which I requested  from Paul V. Rumpsa, with the
suggestion that this item be considered  at the next meeting  of the Finance Committee of
the Board of Trustees.  The suggested  action is that the Board approve the addition of
these vehicles to the motor pool list and purchase insurance in the name of the University.
This resolution should remain open-ended  so that it will constitute the basis for a special
appropriation following  the current fiscal year.

After discussion, it was agreed  that this matter  should be acted upon at an early date, not
[later than the March meeting  of the Board  of Trustees.

Discussion re
Trustees'
•automobiles

Discussion re  3«
onsumers Power •
Ho. request for •
easement across ;
Oakland Univ.  \
property 

Mr. Varner introduced  a discussion of the desire of the Consumers Power Company  to acquire
an easement across the Oakland University property  for the construction of a gas pipeline
and indicated  that after prolonged negotiations a satisfactory  route has been agreed upon
with a satisfactory  compensation for Oakland University.

It was agreed  that this item should be formally presented  at the February Trustees meeting  and
•that Mr. Varner could notify the Consumers Power Company  that the Trustees intend  to  consummate
the proposed agreement.

At this point  the President  suggested  that the Board go into an executive session limited to
the Trustees and the Secretary for the purpose of determining how and when they would  elect
the chairman of the Board, but that Attorney  Carr should remain to introduce a discussion of
questions pertaining  to the retirement policies purchased years ago by the Trustees for the
President and  Chancellor Varner.

1

Retirement ins,
policies for
Pres. Hannah and;
jChancellor 
I
Varner to be
reassigned  to  i
?
University 

4.  Following an historical review of the retirement  insurance policies purchased by the Board

of Trustees in 1955 for President Hannah and Chancellor Varner, it was concluded  that these
policies  should be reassigned  to the University  to insure their  tax sheltered basis.  The
University  attorney was charged with exploring  the possibilities  of placing  these policies
in trust to insure their inviability and  to report at the next meeting of the Board.

Minutes of the Executive  Session

January 15, 1969

5.  'Mr. Don Stevens was nominated  and unanimously voted  to be Chairman of the Board of
Trustees for the ensuing two years.

6.  Pursuant to notice prescribed  in the Bylaws, it was moved by Mr. Nisbet, seconded by
Mr. Huff, and unanimously  adopted  that the Bylaws be amended  to include provision for an
office of Vice Chairman of the Board of Trustees.

7.  Thereafter, Mr. Huff moved, seconded by Mr. Thompson, that Mr. Merriman be elected
Vice Chairman of the Board for the ensuing  two years.  Motion unanimously  carried.

pon  Stevens
]e lee ted Chairman
|of Board
pffice of Vice
phm of Board
jestablished

Frank Merriman
elected Vice
Chairman

Adjourned.

MINUTES OF THE MEETING
of the
FINANCE COMMITTEE
January 16, 1969

The Finance Committee convened  at Kellogg  Center at 8:00  a.m.

The following members were present:  Messrs. Hartman, Huff, Martin, Merriman, Nisbet, StevensJ
and Thompson; President Hannah, Acting Vice President Wilkinson, Secretary Breslin.

Absent:  Mr. White.

1.  Recommendations  from Scudder, Stevens & Clark and Mr. Earl Cress, as follows:

Investment
recommendations

Forest Akers Fund

Amount

Security

Approx.
Approx.
Price

Principal

Income

Yield

Recommend  selling:

164 shs. 
200 shs. 

American  Broadcasting
Hartford Fire  Insurance

$ 68
52

$11,152
10,400

$  262
200

2.3%
1.9%

Recommend purchasing:
Beech Aircraft
Scott Paper

300 shs. 
300 shs. 

Albert Case Fund

Recommend 'selling:

600 shs. 

J.  C. Penney

Recommend  purchasing:

up to
300 shs. 
600 shs. 

Beech Aircraft
Ralston Purina

Harry L. Conrad Fund

Recommend  selling:

53 shs. 
61 shs. 

National Gypsum
Royal Dutch Petroleum

Recommend purchasing:

30 shs. 
up to
160 shs. 

Beech Aircraft  (making  100)

Scott Paper

Consolidated  Investment Fund

Recommend purchasing:

40
30

45

40
25

57
48

40

30

12,000
9,000

225
300

1.9%
3.3%

27,000

600

2.2%

12
15

,000
.000

225
360

1.9%
2.4%

3,021
2,928

106
100

3.5%
3.3%

1,200

23

1.9%

4,800  "r .

160

3.3%

up to
200 shs. 

Scott Paper  (making 1,500)

30

6,000

200

3.3%

Damm & Wahlen Scholarship  Fund

Recommend  selling:

290 shs. 
810 shs. 

Detroit Edison
Parke Davis

Recommend  purchasing:
Beech Aircraft
Ralston Purina

200 shs. 
400 shs. 
up to
165 shs. 
200 shs. 

Montant Power  (making 500)
Scott Paper

28
28

40
25

33
30

8,120
22,680

8,000
10,000

5,445
6,000

406
810

5.0%
3.6%

150
240

257
200

1.9%
2.4%

4.4%
3.3%

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