MINUTES OF THE BOARD OF, R~GENTS OF i: THE UNIVERSITY … · is no conflict of interest, has been approved by the Senate committee. 5. Senate Concurrent Resolution No. Ii, (House

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T H E UNIVERSITY OF TEXAS

MINUTES OF THE

BOARD OF, R~GENTS

OF i: \*L

MEETINGS NOS, 596-601 Inclusive

(February 19, 1961-August 31, 1961) i

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We, the u n d e r s i g n e d M e m b e r s of the B o a r d of R e g e n t s of The U n i v e r s i t y of T e x a s , h e r e b ~tify and a p p r o v e all a c t i o n s taken at this m e e t i n g to be r e f l e c in the Minu tes .

Signed this the day of , 196~ , A. D.

T/qornton H a r d i e , Chairman

W. W. Hea th , V i c e - C h a i r m a n

W a l t e r P . B r e n a n , M e m b e r

H. F r a n k Connal ly , J r . , lOi~'~nber

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ohn S. Redd i t t , M e m b e r

A b s e n t J o e C. T h o m p s o n , M e m b e r

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Mk~,TING NO. 596

NEWLY-QUALIFIED REGENTS.--On March 8, 1961, Governor m

Price Daniel appointed the following as Regents of The University of Texas to succeed Mrs. Charles Devall, Mr. J. Lee Johnson, III, and Merton M. Minter, M. D.:

Mr. Walter P. Brenan of San Antonio, Texas <~H. F. Connally, Jr., M. D., of Waco, Texas

Mr. John S. Redditt of Lufkin, Texas

The Senate of the State of Texas confirmed these gentlemen on March 14, 1961. Judge Joe Greenhill administered the oath of office to Mr. Brenan, Dr. Connally, and Mr. Redditt on March 17, 1961, at 8:30 a.m. , in the Gove?nor's Reception Room. In addition to the Regents, administrative officials, institutional heads, and their wives, the re were present at the ceremony Governor Price Daniel, Lt. Governor Ben Ramsey, and other notables and friends of the appointees. The oaths of office were promptly filed with the Secretary of State, and the commissions were issued by Governor Daniel.

I m m e d i a t e l y fo l lowing the c e r e m o n y at the G o v e r n o r ' s Off ice , the Regents proceeded to The University of Texas Regents' Room (Main Building 209). /

EXECUTIVE SESSION

MARCH 17, 1961.--The Board of Regents of The University of Texas convened in Executive Session in the Regents' Room (Main Building 209), Austin, Texas, at 9:15 a.m., on Friday, March 17, 1961, for the chief purpose of reorganizing the Board since the terms of both the Chairman (Merton M. Minter, M. D.) and Vice-Chairman (J. Lee Johnson, III) expired with the qualifying of the three new Regents.

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Present Absent R e g e n t R e g e n t R e g e n t R e g e n t R e g e n t R e g e n t R e g e n t R e g e n t

W a l t e r P. B r e n a n J . P. B r y a n H. F. Conna l ly , J r . Thorn ton H a r d i e W. W. Hea th

Regent Joe . C: Thompson

Wales H. Madden, Jr. A. G. McNeese, Jr. John S. Redditt

Chancellor Logan Wilson

Secretary Betty Anne Thedford

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REORGANIZATION OF BOARD: (i) CHAIRMAN (Z) VICE- CHAIRMAN. --The following is a report of the reorganization of the

Board:

C h a i r m a n T h o r n t o n H a r d i e . - - R e g e n t T h o r n t o n H a r d i e w a s e l e c t e d a s C h a i r m a n of the B o a r d .

V i c e - C h a i r m a n W. W. H e a t h . - - R e g e n t W. W. H e a t h was e l e c t e d a s V i c e - C h a i r m a n of the B o a r d .

RESOLUTION TO RETIRING REGENTS (MRS.) DEVALL, JOHNSON, AND MINTER. --Mr. Bryan was requested to write letters of appreciation to the retiring Regents: Mrs. Charles Devall, Mr. J. Lee Johnson, Ill, Vice-Chairman: and Merton M. Minter, M. D., Chair- man. These letters will be incorporated in a subsequent set of

minutes.

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PROGRESS REPORT, SELECTION OF PRESIDENT FOR MAIN UNI- VERSITY; APPOINTMENT OF SPECIAL COMMITTEE OF BOARD OF REGENTS TO WORK WITH FACULTY ADVISORY COMMITTEE ON SELECTION OF PRESIDENT FOR MAIN UNIVERSITY. --Chancellor Wilson presented a progress report from the Faculty Advisory Com- mittee on the Selection of a President for Main University to the effect that the committee "is continuing to seek the strongest candi- dates possible to suggest to the Chancellor for the presidency."

The B o a r d a u t h o r i z e d C h a i r m a n H a r d i e to a p p o i n t a s p e c i a l c o m m i t t e e of t h r e e R e g e n t s to c o n s u l t wi th the F a c u l t y A d v i s o r y C o m m i t t e e on the S e l e c t i o n of a P r e s i d e n t f o r M a i n U n i v e r s i t y a n d to k e e p the B o a r d in t o u c h . W h e r e u p o n , C h a i r m a n H a r d i e n a m e d the f o l l o w i n g c o m m i t - tee:

R e g e n t B r y a n , C h a i r m a n R e g e n t B r e n a n R e g e n t H e a t h

MESSAGE OF CONDOLENCE FROM REGENTS TO MR. AND MRS. JOE C. THOMPSON. --(Each Regent had been notified by the Secre- tary of the death of Mrs. John W. Philp, mother of Mrs. Joe C. Thompson.) The Regents requested Chancellor Wilson to extend to Jodie and Peggy (Mr. and Mrs. Joe C. Thompson) deepest sympathy on behalf of the Board.

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COMMITTEE ASSIGNMENTS. --The Board stood at ease briefly in order to give Chairman Hardie an opportunity to consider the mem-

bership of the standing committees and the Board for Lease of Uni-

versity Lands. Thereafter, the Chairman# with the consent of the

Board announced assignments to the standing committees as listed

below. These assignments include membership on the five standing

committees and two Regents to serve with the State Land Commissioner

on the Board for Lease of University Lands, a statutory committee.

E x e c u t i v e C o m m i t t e e : Hea th , C h a i r m a n B r y a n Madden M c N e e s e Thomp s on

A c a d e m i c and D e v e l o p m e n t a l A f f a i r s C o m m i t t e e : M c N e e s e , C h a i r m a n Conna l ly Redd i t t T h o m p s o n

Bui ld ings and G r o u n d s C o m m i t t e e : T h o m p s o n , C h a i r m a n B r e n a n Heath Redd i t t

Land and Investment Committee:

Madden, Chairman Brenan

Bryan

O Heath

Medical Affairs Committee:

Bryan, Chairman C onna fly

Madden McNeese

Board for Lease of University Lands:

Heath

Madden

~The Chairman of the Board is an ex officio member of each committee.

RECESS.--The Board in Executive Session recessed for the committee meetings until Saturday, March 18, 1961, at 9:00 a.m.

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MARCH 18, 1961. --The Board reconvenedin Regular Session on Sat- urday, March 18, 1961, at 9:20 a.m., in the Regents' Room (Main Building No. Z09), Austin, Texas.

AT TENDANCE. - -

Present Chai rman Hardie , p res id ing Vice- Cha i rman Heath Regent Brenan Regent Bryan Regent Connally Regent Madden Regent McNeese Regent Redditt

Absent Regent Thompson - excused

Chancel lor Wilson S e c r e t a r y Thedford

Also among those present were the following University officials and repres entatives :

Doctor Harry H. Ransom, Chancellor-elect and President of Main University

Mr. Lanier Cox, Vice-Chancellor(Administrative Services) Doctor J. C. Dolley, Vice-Chancellor (Fiscal Affairs) Doctor L. D. Haskew, Vice-Chancellor (Developmental Services) Mr. W. E. Keys, Director, University News and Information

Service Mr. C. H. Sparenberg, Comptroller Mr. W. W. Stewart, Endowment Officer Mr. Burnell Waldrep, Land and Trust Attorney

R. Lee Clark, Jr., M. D., Director of M. D. Anderson Hospital and Tumor Institute

A. J. Gill, M. D., Dean of Southwestern Medical School John V. Olson, D. D. S., Dean of the Dental Branch Doctor ~$1~:!seph M. Ray, President of Texas Wes',;ern College Doctor J. R. Smiley, Vice-President and Provost of Main ....

University Grant Taylor, M. D. , Dean of the Postgraduate School of Medicine John Truslow, M. D. , Executive Director and Dean of the Medical

Branch

Miss Jo Eickmann, Editor of The Daily Texan

APPROVAL OF MINUTES: JANUARY 16, 1961, AND FEBRUARY 18, 1961. --It was moved by Mr. Madden, seconded by Mr. McNeese, and adopted by the Board that the minutes of the meeting of the Board of Regents held in Austin on January 16, 1961, and on February 18, 1961, respectively, be approved in the form as distributed to each Regent bY the Secretary.

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:iii! C O M M I T T E E OF T H E W H O L E

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( T h e S t a n d i n g C o m m i t t e e s m e t on F r i d a y , M a r c h 17, 1961; a n d the C o m m i t t e e of the W h o l e m e t on F r i d a y a n d a l s o on S a t u r d a y m o r n i n g , M a r c h 18. )

B e l o w is a r e p o r t o f t he C o m m i t t e e of the Who le .

C O N G R A T U L A T O R Y M E S S A G E FROM R E G E N T T H O M P S O N T O C H A I R M A N H A R D I E . - - C h a i r m a n H a r d i e r e p o r t e d r e c e i p t of a c o n - g r a t u l a t o r y m e s s a g e f r o m R e g e n t T h o m p s o n in w h i c h M r . T h o m p s o n e x p r e s s e d good w i s h e s to , a n d p l e d g e d fu l l c o o p e r a t i o n w i th , M r . H a r d i e a s C h a i r m a n of t he B o a r d .

PROGRESS REPORT ON LEGISLATION, 57TH LEGISLATURE. -- Mr. Cox called to the attention of the Board legislation which has passed or is pending in the 57th Legislature that affects higher education. He further reported on the status of legislation affecting the University and on legislation that the Board had approved for submis- sion, including the following:

. House Bill No. 196, (Senate Bill No. 12), authorizing the conveyance to the County of El Paso of a tract of land upon the campus of Texas Western College as a stadium site, has been signed by the Governor.

. House Bill No. ZI9, (Senate Bill No. 63), authorizing Texas Western College to acquire tracts of land contiguous and/or adjacent to the campus, is awaiting the Governorls signature.

. House Bill No. 594, (Senate Bill No. Z37), authorizing The University of Texas Board of Regents to exchange lands in Dallas County with the Dallas County Hospital District, has been approved by the committees in both the House and the Senate.

4. Senate Joint Resolution No. IZ, (House Joint Resolu-

tion No. 49), amending Sec. 23, Art. 16 of the Con- stitution to permit State employees to serve in advisory capacities to other governmental agencies where there is no conflict of interest, has been approved by the Senate committee.

5. Senate Concurrent Resolution No. Ii, (House Concur- rent Resolution No. 17), authorizing the Board of Regents of The University of Texas to accept gifts and matching grants for additions to M. D. Anderson Hos- pital in Houston, has been signed by the Governor.

. Senate Concurrent Resolution No. Z3, authorizing the Board of Regents of The University of Texas to accept certain land in Galveston and authorizing construction of a building, has been approved by the State Affairs Committee in the Senate. ~,

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R E P O R T NO. 1 O F S T U D Y A N D A D V I S O R Y C O M M I T T E E ON T E X A S W E S T E R N C O L L E G E O F T H E E L P A S O C H A M B E R O F C O M M E R C E ; R E S O L U T I O N O F A P P R E C I A T I O N T O C O M M I T T E E . - - C ~ a ~ r m a n H a r d i e c a l l e d a t t e n t i o n to R e p o r t No. i of t he S t u d y a n d A d v i s o r y C o m - m i t t e e on T e x a s W e s t e r n C o l l e g e of the E1 P a s o C h a m b e r of C o m m e r c e a n d r e f e r r e d to i t a s a n e x c e l l e n t one . (A c o p y o f t h i s r e p o r t h a d b e e n m a i l e d b y M r . J a c k V o w e l l , C h a i r m a n of t he C o m m i t t e e , to e a c h Re.- g e n t on F e b r u a r y 18, 1961, a n d a c o p y i s in t he S e c r e t a r y t s F i l e s , Volume VIII, Page )

T h e f o l l o w i n g r e s o l u t i o n of a p p r e c i a t i o n to t h i s C o m m i t t e e a n d to t h e El P a s o C h a m b e r of C o m m e r c e f o r t h i s e x c e l l e n t r e p o r t w a s a d o p t e d u p o n ' m o t i o n of M r . M c N e e s e , s e c o n d e d b y V i c e ' C h a i r m a n H e a t h :

T h e B o a r d of R e g e n t s of T h e U n i v e r s i t y of T e x a s , b e i n g d e e p l y a p p r e c i a t i v e of the i n t e r e s t e x p r e s s e d in T e x a s W e s t e r n C o l l e g e b y the S t u d y a n d A d v i s o r y C o m m i t t e e of t he E l P a s o C h a m b e r of C o m m e r c e a n d b e i n g p a r t i c u l a r l y i m p r e s s e d b y the i n t e l l i g e n t , o b j e c t i v e a n d s y m p a t h e t i c a p p r o a c h d e m o n s t r a t e d b y the C o m m i t t e e in i t s a n a l y s i s of T e x a s W e s t e r n C o l l e g e ,

Now R e s o l v e s , T h a t s u c h C o m m i t t e e and the E l P a s o C h a m b e r of C o m m e r c e b e h e r e b y c o n g r a t u - l a t e d f o r i t s e x c e l l e n t p r e s e n t a t i o n . We r e s p e c t - f u l l y u r g e t h a t t he C h a m b e r of C o m m e r c e c o n t i n u e i t s c o n s t r u c t i v e i n t e r e s t in T e x a s W e s t e r n C o l l e g e a n d T h e U n i v e r s i t y of T e x a s s y s t e m , a n d t h a t i t b e f r e e to c a l l u p o n t h i s B o a r d of R e g e n t s a t any.~t ime s h o u l d i t f e e l t h a t i t h a s m a t t e r s w h i c h s h o u l d b e b r o u g h t to the a t t e n t i o n of the B o a r d , to the end t h a t T e x a s W e s t e r n C o l l e g e m a y a c h i e v e the s t a t - u r e e n v i s i o n e d b y the C i t i z e n s of E l P a s o a n d the B o a r d o f R e g e n t s .

T H E S O U T H T E X A S M E D I C A L S C H O O L . - - C h a n c e l l o r W i l s o n p r e - s e n t e d t h e r e q u e s t of R e p r e s e n t a t i v e S p e a r s of San A n t o n i o , T e x a s , f o r an e x p r e s s i o n f r o m the B o a r d of R e g e n t s of w i l l i n g n e s s to e x p e d i t e the p l a n n i n g f o r T h e S o u t h T e x a s M e d i c a l S c h o o l . In c o n n e c t i o n t h e r e - w i th , C h a n c e l l o r W i l s o n r e c o m m e n d e d t h a t a r e p l y c o n s i s t i n g of the f o l l o w i n g p o i n t s be s e n t to R e p r e s e n t a t i v e S p e a r s :

I . B o t h the B o a r d of R e g e n t s a n d the c i t y of San A n t o n i o h a v e done a l l t h e y c a n u n t i l t h e r e i s f u r t h e r a c t i o n b y the L e g i s l a t u r e .

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F o r f u r t h e r p l a n n i n g it is e s s e n t i a l tha t the U n i v e r s i t y ' s r e q u e s t f o r an a p p r o p r i a t i o n of $ 1 0 0 , 0 0 0 . 0 0 f o r the nex t b i e n n i u m be a p - p r o v e d . Th i s a p p r o p r i a t i o n is n e c e s s a r y to the p l a n n i n g which m u s t go on, bo th in r e l a - t ion to the m e d i c a l s c h o o l and in r e l a t i o n to the h o s p i t a l s which wil l be u s e d as t e a c h i n g h o s p i t a l s by the s choo l .

If th i s a p p r o p r i a t i o n is m a d e but no o t h e r a p p r o p r i a t i o n is a p p r o v e d , The U n i v e r s i t y of T e x a s wil l do the n e c e s s a r y , p l ann ing and wil l p r e s e n t to the 58th L e g i s l a t u r e bo th an o p e r a t i n g and a c o n s t r u c t i o n budge t f o r the b i e n n i u m 1963-65.

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. In the d i s c r e t i o n of the L e g i s l a t u r e , i f an a p p r o p r i a t i o n of a p p r o x i m a t e l y $3, Z 0 0 , 0 0 0 . 0 0 were m a d e in the s e c o n d y e a r of the b i e n n i u m in add i t ion to the $ 1 0 0 , 0 0 0 . 0 0 a p p r o p r i a t i o n , it would be p o s s i b l e f o r the U n i v e r s i t y to p r o c e e d wi th bu i ld ing p l a n s f o r the f i r s t uni t of the s choo l , i n c u r r i n g o b l i g a t i o n s f o r a r c h i t e c t ' s f e e s and, m o r e than l i k e l y , a c t u a l l y l e t t i n g a c o n t r a c t f o r c o n s t r u c t i o n .

5. The University is willing to proceed under either alternative.

The foregoing recommendation of Chancellor Wilson was adopted upon motion of Mr. Redditt, seconded by Mr. Bryan. (See Page Z6 .)

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COLISEUM, MAIN UNIVERSITY. --President Ransom stated that the report to the Board of Regents of a special committee appointed to study the Coliseum at the Main University (an item in the schedule of projects for the Ten-Year Building Plan) would be distributed in mul- tiple copies later.

ELECTION OF SECRETARY, BOARD OF REGENTS.--Upon motion of Mr. McNeese, seconded by Vice-Chairman Heath, Betty Anne Theclford was elected Secretary of the Board.

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-08-61 R E P O R T S 'OF STANDING C O M M I T T E E S

At the r e q u e s t of C h a i r m a n H a r d i e , the C o m m i t t e e C h a i r m e n p r e - s e n t e d the r e p o r t s of t h e i r r e s p e c t i v e c o m m i t t e e s .

R E P O R T OF E X E C U T I V E C O M M I T T E E - - I N T E R I M A C T I O N S (NO- V E M B E R 30, 1 9 6 0 - - M A R C H 1, 1 9 6 1 } . - - A s s u m i n g tha t e a c h R e g e n t had r e a d the fo l l owing R e p o r t of the E x e c u t i v e C o m m i t t e e s u b m i t t e d in the M a t e r i a l S u p p o r t i n g the A g e n d a , V i c e - C h a i r m a n H e a t h m o v e d i ts adop t ion .

The E x e c u t i v e C o m m i t t e e has a p p r o v e d by m a i l vo te e ight s e p a r a t e r e q u e s t s s i n c e i ts l a s t r e p o r t of N o v e m b e r Zl , 1960, which is i n c l u d e d in the Minu te s of the m e e t i n g f o r D e c e m b e r 1960. T h e s e r e q u e s t s inc lude t h i r t e e n s e p a r a t e i t e m s a s s e t out b e l o w and which a r e i n c l u d e d in the d o c k e t p r e s e n t e d th is m e e t i n g . E a c h r e q u e s t has b e e n r e c o m m e n d - ed by the r e s p e c t i v e i n s t i t u t i o n a l h e a d c o n c e r n e d and has b e e n a p p r o v e d by C h a n c e l l o r Wi lson .

1. B u d g e t a r y I t e m s

a .

b.

C .

Main U n i v e r s i t y . - - T h r e e i t e m s r e c o m - m e n d e d b y P r e s i d e n t R a n s o m a r e r e p o r t e d in the a t t a c h e d d o c k e t a s I t e m 8, P a g e M-Z3, and I t e m s 17 and 18, P a g e M-24 .

S o u t h w e s t e r n M e d i c a l School . - - T w o i t e m s r e c o m m e n d e d by Dean Gil l and r e p o r t e d in the a t t a c h e d d o c k e t a s I t e m 17, P a g e S -3 , and I t e m 25, P a g e S - 4 .

M. D. A n d e r s o n H o s p i t a l and T u m o r I n s t i - tu te . = ' O n e i t e m r e c o m m e n d e d by D o c t o r C l a r k and r e p o r t e d in the a t t a c h e d d o c k e t a s I t e m 13, P a g e A-Z.

Z. A b s e n c e s f r o m the C a m p u s in E x c e s s of Two W e e k s

a . Main U n i v e r s i t y . - - A b s e n c e s of Dr . H. Ma l - c o l m M a c d o n a l d , Dr . G e o r g e W. H o f f m a n , Dr . J o e W. Nea l , and Dr. John A. Wilson r e c o m m e n d e d by P r e s i d e n t R a n s o m and r e - p o r t e d in the a t t a c h e d d o c k e t on P a g e M-43 .

b. M e d i c a l B r a n c h . - - A b s e n c e s of Dr . G e r a l d R. S e a m a n and Dr . E r n e s t B. E v a n s r e c o m - m e n d e d b y E x e c u t i v e D i r e c t o r and Dean T r u s l o w and r e p o r t e d in the at t~.ched d o c k e t on P a g e G-5 .

Adopt ion va i l ed .

C . M. D. A n d e r s o n H o s p i t a l and T u m o r I n s t i - t u t e . - - A b s e n c e s of Dr . G i l b e r t H. F l e t c h e r r e c o m m e n d e d by D o c t o r C l a r k and r e p o r t e d in the a t t a c h e d d o c k e t on P a g e A - 3 .

of R e p o r t . - - M r . M c N e e s e s e c o n d e d the m o t i o n w h i c h p r e -

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3-08-61 REPORT OF A C A D E M I C AND DEVELOPMENTAL AFFAIRS COM- MITTEE (See Page Ii for adoption.). --Committee Chairman McNeese presented the following report of the Academic and Devel- opmental Affairs Committee:

A p p r o v a l of D o c k e t ( A t t a c h m e n t No. Z]. - - I t w a s t he u n a n i m o u s r e c o m m e n d a t i o n of t he A c a d e m i c a n d D e v e l o p m e n t a l A f f a i r s C o m m i t t e e t h a t t he D o c k e t of C h a n c e l l o r W i l s o n d a t e d M a r c h 1, 1961, ( A t t a c h m e n t No. 2) b e a p p r o v e d in the f o r m a s c i r c u l a t e d to the R e g e n t s w i th t he f o l l o w i n g two e x c e p t i o n s :

. T h a t the r e c a p i t u l a t i o n (p ink s h e e t s ) f o r the 1961 S u m m e r S c h o o l B u d g e t d i s t r i b u t e d a t the m e e t i n g b e s u b s t i t u t e d f o r t h o s e d i s t r i b u t e d p r i o r to the m e e t i n g .

Z. That Item 4 under Faculty Legislation on Page M-34 be deleted from the docket. This was at the request of the Administration since to be effective it requires the approval of the Texas Commission on Higher Education and should have been reported as a special item.

/ -This d o c k e t ( A t t a c h m e n t No. Z) is m a d e a p a r t of the ~1 inu tes a n d i s a p p e n d e d f o l l o w i n g P a g e L - 2 2 of A t t a c h m e n t No. 1. /

Establishment of System Personnel Office.--The establishment of a S y s t e m Personnel Office, Central Administration, was recommended by the Academic and Developmental Affairs Committee as suggested in the information in the Material Supporting the Agenda mailed to each Regent. This proposal ex- pands the Workmen's Compensation Insurance and Other Staff Benefits Office into a System Personnel Office effective April I, 1961. The change involves three personnel assignments and two salary increases (These will be reported in the May docker. ) and amends the Rules and Regalations of the Board of Regents for the Government of The University of Texas as follows:

. P a r t One , A m e n d m e n t No. 3. - - A m e n d C h a p t e r I I b y d e l e t i n g s u b s e c t i o n 7. 423 a n d s u b s t i t u t i n g in l i e u t h e r e o f the f o l l o w i n g :

Responsibility for fiscal and budgetary aspects of the System Personnel Office.

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3-08-61

/Tn order to conform to Chapter VII, subsection 4. l,__Page 561 (loose leaf copy), this will be voted on at the May meeting_/

2. P a r t Two , A m e n d m e n t No. 1. - -

a.

b.

Amend Chapter V by deleting subsection i. 26 and substituting in lieu thereof the following:

I. 26. --System Personnel Adviser. The System Personnel Adviser serves as a staff officer advising the Chancellor through the Vice- Chancellor (Fiscal Affairs) on the Classified Personnel programs, Workmen's Compensation insurance, and other staff benefits, for each of the component institutions of the

• >; system.

Amend Chapter V1 by deleting sub- sections 1.9, 5.9, and 5. (I0) and substituting in lieu thereof the following:

1 .9 . - - I n f o r m a t i o n p e r t a i n i n g to o p t i o n s u n d e r w h i c h r e t i r e m e n t b e n e f i t s m a y be d r a w n and to r e c i p - r o c a l s e r v i c e b e t w e e n the T e a c h e r and E m p l o y e e s R e t i r e m e n t S y s t e m s , a s wel l a s o t h e r i n f o r m a t i o n , m a y be s e c u r e d f r o m the l o c a l i n s t i t u t i o n a l b u s i n e s s o r p e r s o n n e l o f f i c e , the Central Administration System Personnel Office, or the Teacher Retirement System in Austin.

5 . 9 . - - T h e s u p e r v i s o r of a c o v e r e d e m p l o y e e who is i n j u r e d d u r i n g the c o u r s e of e m p l c y m e n t m u s t f i l e a c o m p l e t e r e p o r t wi th the S u p e r v i - s o r of the W o r k m e n ' s C o m p e n s a - t ion I n s u r a n c e Of f i ce w h e t h e r o r no t t i m e is l o s t f r o m w o r k . If t i m e is l o s t , a s u p p l e m e n t a l r e - p o r t is f i l e d when the e m p l o y e e r e t u r n s to w o r k . When the t i m e l o s t is o v e r 60 d a y s , t h i s r e p o r t is f i l e d at the end of e a c h 6 0 - d a y p e r i o d . The s a m e f o r m is u s e d

1 0 -

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668

3-08-61

i f t h e e m p l o y e e i s d i s a b l e d l a t e r d u e to the o r i g i n a l i n j u r y . In t he e v e n t of d e a t h of the i n j u r e d e m - p l o y e e , t he f o r m i s f i l e d i m m e d i - a t e l y .

5. ( 1 0 ) . - - T h e e m p l o y e e s ' s u p e r - v i s o r s a r e a l s o r e s p o n s i b l e f o r k e e p i n g in c l o s e t o u c h w i th i n j u r e d e m p l o y e e s a n d t h e i r a t t e n d i n g p h y s i c i a n s a n d i n v e s t i g a t i n g m e d - i c a l a t t e n t i o n to s e e t h a t u n n e c e s - s a r y a id a n d v i s i t s a r e a v o i d e d . T h e y a p p r o v e the s t a t e m e n t f r o m the p h y s i c i a n a s to s e r v i c e s r e n d e r e d a l t h o u g h not a c t u a l c h a r g e s f o r t r e a t m e n t .

C . A m e n d C h a p t e r VI, S e c t i o n s Z a n d 5, by s u b s t i t u t i n g t h r o u g h o u t :

(1) " S u p e r v i s o r of W o r k m e n ' s C o m - p e n s a t i o n Insurance ' ( i ! ' f o r " D i r e c t o r of W o r k m e n ' s C o m - p e n s a t i o n I n s u r a n c e and O t h e r S t a f f B e n e f i t s . "

(z) "System Personnel Office" for

"Workmen's Compensatiofi

Insurance and Other Staff

Benefits Office."

Docket and Travel Summa:ties. --As a matter of information

and as a reminder, the Academic and Developmental Affairs

Committee did not reach a final decision as to the form of

docket presentation or as to how often the travel Summaries

should be reported to the Board but delayed these items in

order to give the newly qualified Regents an opportunity to

become familiar with the details of both reports.

A d o p t i o n of R e p o r t . - - T h e B o a r d a d o p t e d the f o r e g o i n g r e p o r t upon m o t i o n of M r . M c N e e s e , s e c o n d e d b y V i c e - C h a i r m a n H e a t h .

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3-08-61 R E P O R T OF BUILDINGS AND GROUNDS C O M M I T T E E (See P a g e 23 f o r adopt ion . ). - - I n the a b s e n c e of C o m m i t t e e C h a i r m a n T h o m p s o n , V i c e - C h a i r m a n H e a t h p r e s e n t e d the fo l lowing r e p o r t of the Bu i ld ings and G r o u n d s C o m m i t t e e . This r e p o r t i n c l u d e s the o r i g i n a l r e c o m m e n - da t ions of the Administration distributed in the Material Supportin~ the Agenda, the supplementary recommendations of the Administration d i s t r i b u t e d at the m e e t i n g , and the fo l lowing add i t i ona l i t e m s : {)

I. Bronze Tablet and Name, Gymnasium and Field House, Texas Western College (originally on the agenda of the Committee of the Whole)

2. Name for Classroom-Office Building, Texas Western College {originally on the agenda of the Committee of the Whole)

3. Request to Administration for Recommendations re Prebidding Qualifications

Main University: Award of Contracts for R~modelin~ of Attics and Air Conditionin~ of Sutton Hall and Taylor Hall. --In accordance with authorization given by the Board at the meeting held January 16, 1961, bids were called for and were opened and tabulated on February 21, 1961, for Remodeling of Attics and Air Conditioning of Sutton Hall and Taylor Hall. The bids are tabulated on Page 31 Bids were called for on each project separately and also on a combined basis for the two projects. After consideration of the bids by all concerned, it is the recommendation of Engineer Zumwalt and Vinther, the Physical Plant staff, Comptroller Sparenberg, President Ransom, and Chancel- lor Wilson that contract awards be made to the low base bidders as follows:

General Contract: D. B. Ware Construction Company, Austin, Texas

Combination Base Proposal for Sutton Hall and Taylor Hall $ 7 7 , 3 5 1 . 0 0

Mechanical Contract Including Electrical: ~ J. M. Boyer, Mechanical Contractor, ' "~ Austin, Texas .... :'~= Combination Base Proposal for Sutton Hall

~--- and T a y l o r Hall 3 0 5 , 9 4 0 . 0 0

Total Recommended Contract Awards $ 3 8 3 , 2 9 1 . 0 0

A p p r o p r i a t i o n s of $ 2 0 0 , 0 0 0 . 0 0 each w e r e m a d e f o r t h e s e two p r o j - e c t s , and the a w a r d of the c o n t r a c t s as r e c o m m e n d e d above plus E n g i n e e r s ' F e e s t h e r e o n will c o m e within the to ta l a p p r o p r i a t i o n of $ 4 0 0 , 0 0 0 . 0 0 .

Main U n i v e r s i t y : A p p r o v a l of F i n a l P l a n s and S p e c i f i c a t i o n s f o r A r t Bui ld in~ and M u s e u m . - - I n a c c o r d a n c e with a u t h o r i t y g r a n t e d by the B o a r d of R e g e n t s , work ing d r a w i n g s and s p e c i f i c a t i o n s have been p r e p a r e d by the A s s o c i a t e A r c h i t e c t , Kuehne , B r o o k s , and B a r r of Aus t in , T e x a s , on the A r t Bu i ld ing and M u s e u m at the Main U n i v e r s i t y . T h e s e f inal p l ans and s p e c i f i c a t i o n s have been a p p r o v e d by the Consu l t i ng A r c h i t e c t , P a g e , S o u t h e r l a n d , and

12 -

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Page , C h a i r m a n of the D e p a r t m e n t of Ar t , Dean of the Col lege of F ine A r t s , Main U n i v e r s i t y F a c u l t y Bui lding C o m m i t t e e , P r e s i - dent R a n s o m , C o m p t r o l l e r S p a r e n b e r g , and C h a n c e l l o r Wilson. It is r e c o m m e n d e d tha t they be approved by the B o a r d and that a u t h o r i z a t i o n be g iven to C o m p t r o l l e r S p a r e n b e r g to a d v e r t i s e for bids on this p r o j e c t , t h e s e bids to be p r e s e n t e d to the B o a r d for c o n s i d e r a t i o n at a l a t e r mee t i ng .

Main Un ive r s i t y : Approva l of I n s c r i p t i o n on P laque for C o m p u t a - t ion Cen t e r . - - I t is r e c o m m e n d e d that the i n s c r i p t i o n as se t out below be approved fo r the plaque to be p laced in the Computa t ion C e n t e r at the Main U n i v e r s i t y . This i n s c r i p t i o n fol lows the s t a n d a r d p a t t e r n approved by the B o a r d of Regen t s ,

COMPUTATION CENTER 1960

Le f t Side BOARD OF REGENTS

M e r t o n M . M i n t e r , M. D . , C h a i r m a n

J. Lee Johnson , III, V i c e - C h a i r m a n !

3. P. B r y a n

M r s . C h a r l e s Deval l

T h o r n t o n Hard ie

W. W. Heath

Wales H. Madden, J r .

A. G. M c N e e s e , J r .

Joe C. T h o m p s o n

(

. . . . ~ ~ ~ r . ..... 7: ~" ,

RiGht Side Logan Wilson, C h a n c e l l o r , The U n i v e r s i t y of Texas

C h a r l e s H. S p a r e n b e r g , C o m p t r o l l e r , The U n i v e r s i t y of Texas

- - -000---

H a r r y H. R a n s o m , P r e s i d e n t , Main U n i v e r s i t y

C. A u b r e y Smith , C h a i r m a n , Main U n i v e r s i t y F a c u l t y Bui lding C o m m i t t e e

- - -000-- -

3essen , "3essen, Mi l lhouse , and Greeven , Consu l t ing A r c h i t e c t

F e h r and G r a n g e r , A s s o c i a t e A r c h i t e c t T h o m a s H i n d e r e r , G e n e r a l C o n t r a c t o r

- 1 3 -

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Main U n i v e r s i t ~ o v a l of I n s c r i p t i o n on P l a q u e fo r U n d e r - g r a d u a t e L i b r a r ) s a n d A c a d e m i c C e n t e r . - - I t is r e c o m m e n d e d that the i n s c r i p t i o n as se t out b e l o w be a p p r o v e d for the p laque to be p l a c e d in the U n d e r g r a d u a t e L i b r a r y and A c a d e m i c C e n t e r at the Main U n i v e r s i t y . This i n sc r i p t i on fo l lows the s t a n d a r d p a t t e r n a p p r o v e d by the B o a r d of Regen t s .

~

u N D E R G R A D U A T E L I B R A R Y AND ACADEMIC C E N T E R 1960

Left Side BOARD OF REGENTS

Mer ton M. Min te r , M. D . , C h a i r m a n

J . Lee Johnson , HI, V i c e - C h a i r m a n

J. P. Bryan

M r s . Charles Devall

Thornton H a r d i e

W. W. Hea th

Wales H. Madden, J r .

A. G. M c N e e s e . J r .

Joe C. Thompson

Right Side Logan Wilson, C h a n c e l l o r , The U n i v e r s i t y of T e x a s

C h a r l e s H. S p a r e n b e r g , C o m p t r o l l e r , The U n i v e r s i t y of T e x a s

---000---

H a r r y H . R a n s o m , P r e s i d e n t , Main U n i v e r s i t y

C. A u b r e y Smith , C h a i r m a n , Main U n i v e r s i t y F a c u l t y Bui ld ing C o m m i t t e e

---000---

J e s s e n , J e s s e n , M i l l h o u s e , and G r e e v e n , C o n s u l t i n g A r c h i t e c t

G e o r g e L. Dahl, A s s o c i a t e A r c h i t e c t B. L. M c G e e C o n s t r u c t i o n Company ,

G e n e r a l C o n t r a c t o r

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6 .2

3-08-61 Approval of Inscription on Plaque for Drama

Side

ht S ide

B u i l d i n g . - - I t i s r e c o m m e n d e d t h a t the i n s c r i p t i o n a s s e t out b e l o w be a p p r o v e d f o r the p l a q u e to be p l a c e d in t he D r a m a B u i l d i n g a t the M a i n U n i v e r s i t y . T h i s i n s c r i p t i o n < f o l l o w s t h e s t a n d a r d p a t t e r n a p p r o v e d b y the B o a r d of R e g e n t s .

D R A M A BUILDING 1960

:~'<BOARD OF REGENTS

M e r t o n M. M i n t e r , M. D. , C h a i r m a n

J. Lee Johnson, III, V i c e - C h a i r m a n

J. P. B r y a n

M r s . C h a r l e s D e v a l l

T h o r n t o n H a r d i e

W. W. H e a t h

W a l e s H. M a d d e n , J r .

A. G. M c N e e s e , J r .

Joe C. Thompson ~q\

Logan Wilson, Chancellor, The University of Texas

Charles H. Sparenberg, Comptroller, The University of Texas

-- -000- --

H a r r y H. R a n s o m , P r e s i d e n t , M a i n U n i v e r s i t y

C. A u b r e y S m i t h , C h a i r m a n , M a i n U n i v e r s i t y F a c u l t y B u i l d i n g C o m m i t t e e

-- -000---

Jessen, Jessen, Millhouse, and Greeven, Consulting Architect

Bartlett Cocke, Associate Architect J. C. Evans Construction Company, Inc.,

General Contractor

- 1 5 -

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3-08-61 Main University: Approval of Inscription on Plaque for Research Facilities and Headquarters Building at Institute of Marine Science.

~eft Side

I t i s r e c o m m e n d e d t h a t t h e i n s c r i p t i o n a s s e t o u t b e l o w b e a p p r o v e d f o r t h e p l a q u e t o b e p l a c e d i n the R e s e a r c h F a c i l i t i e s a n d H e a d - q u a r t e r s B u i l d i n g a t I n s t i t u t e o f M a r i n e S c i e n c e . T h i s i n s c r i p t i o n fo l lows the s tandard pa t t e rn approved by the Board of Regent s .

INSTITUTE OF MARINE SCIENCE

RESEARCH FACILITIES AND HEADQUARTERS BUILDING 1960

BOARD OF REGENTS

Merton M. Minter, M. D., Chairman

J. L e e 3obmson, III, Vice-Chairman

J. P. Bryan

Mrs. Charles Devall

Thornton Hardie

W. W. Heath

Wales H. Madden, Jr.

A. G. McNeese, Jr.

Joe C. Thompson

Right Side Logan Wilson, Chance l lor , The Univers i ty of Texas

Charles H. Sparenberg , Comptro l l er , The Univers i ty of Texas

- - - 0 0 0 - - -

H a r r y H. R a n s o m , P r e s i d e n t ,

M a i n U n i v e r s i t y C . A u b r e y S m i t h , C h a i r m a n , M a i n

University Faculty Building C ommitt e e

- - - 0 0 0 - - -

J e s s e n , J e s s e n , M i l l h o u s e , and G r e e v e n , C o n s u l t i n g A r c h i t e c t

Srnyth a n d S m y t h , A s s o c i a t e A r c h i t e c t The C h a r l e s B u r n e t t C o m p a n y , C o n t r a c t o r

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)-08-61 Texas Wes tern C o l l e ~ o v a l of N a m e Libera l Arts Bui lding for C l a s s r o o m - O f f i c e B u i l d i n g ; A p p r o v a l of Inscr ip t ion on Plaque for L ibera l Arts B u i l d i n g . - - I t is r e c o m m e n d e d t h a t t h e Board approve the p r o p o s a l of the Campus Planning C o m m i t t e e of T e x a s Western College, concurred in by Doctor Ray, to name the Classroom-Office Building, currently under construction at Texas Western College, the Liberal Arts Building.

It is r e c o m m e n d e d that the i n s c r i p t i o n as s e t out b e l o w be appro for the plaque to be placed in the L i b e r a l Arts Building at Texas Western C o l l e g e . This i n s c r i p t i o n f o l l o w s the standard pattern approved by the Board of Regents .

LIBERAL ARTS BUILDING 1960

Left Side BOARD OF REGENTS ,~>~_.-Jy

Merton M. Minter, M, D., Chair/?ian/j~

J. Lee Johnson, III, V i c e - C h a i r m a n

J. P. Bryafl

Mrs . Char le s Deva l l

Thornton Hardie

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W, W. Heath :s . . . . .

Wales H. Madden, , Jr.

A. G. M c N e e s e , Jr!.

Joe C. Thompson /)

Logan Wilson, p r e s i d e n t , The U n i v e r s i t y of Texas

Char le s H. Sparenberg , C o m p t r o l l e r , The U n i v e r s i t y of Texas

- - - 0 0 0 - - -

Joseph R. Smi ley , P r e s i d e n t , Texas Wes tern Co l l ege

J. M. Whitaker, Chairman, Bui lding C o m m i t t e e , Texas Western Col l ege

- - - 0 0 0 - - -

J e s s e n , J e s s e n , Mi l lhouse , and G r e e v e n , Consult ing A r c h i t e c t

C a r r o l l and Daeuble and A s s o c i a t e s , A s s o c i a t e A r c h i t e c t ~,

Robert E. McKee General Contractor, Inc., Contractor

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T e x a s W e s t e r n C o l l e ~ o v a l o f N a m e M e m o r i a l G [ m n a s i u m , B r o n z e T a b l e t , a n d I n s c r _ ~ t i o n on P l a q u e f o r G y m n a s i u m - F i e l d H o u s e . - - A t the F e b r u a r y 1961 m e e t i n g , the C o m m i t t e e o f the W h o l e a d o p t e d a n a m e and an i n s c r i p t i o n f o r a p l a q u e f o r the n e w G y m n a s i u m - F i e l d H o u s e at T e x a s W e s t e r n C o l l e g e s u b j e c t to c l e a r a n c e t h r o u g h T e x a s W e s t e r n ' s C a m p u s P l a n n i n g C o m m i t t e e . It i s n o w r e c o m m e n d e d b y t h e B u i l d i n g s and G r o u n d s C o m m i t t e e that the B o a r d a p p r o v e the C a m p u s P l a n n i n g C o m m i t t e e ' s r e c o m m e n - d a t i o n to n a m e the G y m n a s i u m - F i e l d H o u s e , c u r r e n t l y u n d e r c o n - s t r u c t i o n at T e x a s W e s t e r n C o l l e g e , the M e m o r i a l G y m n a s i u m and to put in an a p p r o p r i a t e p l a c e on the b u i l d i n g a b r o n z e t a b l e t c a r r y - ing the f o l l o w i n g i n s c r i p t i o n :

A M e m o r i a l to the E x - S t u d e n t s o f T e x a s W e s t e r n C o l l e g e Who , D u r i n g the T w o W o r l d W a r s and the K o r e a n W a r , D i e d in C o m b a t in the S e r v i c e of T h e i r C o u n t r y .

It i s r e c o m m e n d e d that the i n s c r i p t i o n a s s e t o u t b e l o w be a p p r o v e d f o r the p l a q u e to be p l a c e d in the M e m o r i a l G y m n a s i u m at T e x a s W e s t e r n C o l l e g e . T h i s i n s c r i p t i o n f o l l o w s the s t a n d a r d p a t t e r n a p - p r o v e d b y the B o a r d o f R e g e n t s .

M E M O R I A L G Y M N A S I U M 1960

L e f t S i d e BOARD OF REGENTS

M e r t o n M. M i n t e r , M. D, , • C h a i r m a n

J. L e e J o h n s o n , III, V i c e - C h a i r m a n

J. P . B r y a n

M r s . C h a r l e s D e v a l l

T h o r n t o n H a r d i e

W. W. H e a t h

W a l e s H. M a d d e n , Jr .

A . G. M c N e e s e , Jr .

R i g h t S i d e

J o e C. T h o m p s o n

L o g a n W i l s o n , C h a n c e l l o r , T h e U n i v e r s i t y o f T e x a s

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J. M. W h i t a k e r , C h a i r m a n , B u i l d i n g C o m m i t t e e , T e x a s W e s t e r n C o l l e g e

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Jessen, Jessen, Millhouse, and Greeven, Consulting Archi tect

Monroe, Licht, and Higgins, Associate Architect

Ray Ward and Son, Contractor

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M a i n U n i v e r s i t y : A l l o c a t i o n to M a ' o r R e _a irs a n d R e h a b i l i t a t i o n P r o j e c t s A c c o u n t s . - - A c c o u n t 9 1 5 0 0 i s t h e A l l o t m e n t A c c o u n t f o r M a j o r R e p a i r s a n d R e h a b i l i t a t i o n P r o j e c t s f r o m t h e A v a i l a b l e U n i v e r s i t y F u n d f o r M a i n U n i v e r s i t y . S p e c i f i c p r o j e c t s a r e s e t up out of t h i s a c c o u n t and a s j o b s a r e c o m p l e t e d , u n e x p e n d e d f u n d s a r e r e t u r n e d to t h i s a c c o u n t . A s at J a n u a r y 31 , 1 9 6 1 , t h e r e i s a b a l a n c e o f $5Z, 000 in t h i s a c c o u n t w h i c h h a s a c c u m u l a t e d o v e r a p e r i o d o f s e v e r a l y e a r s . We n o w h a v e s p e c i f i c n e e d s f o r a l l o c a t i o n ~ f r o m t h i s b a l a n c e . T h e r e c o m m e n d a t i o n f o r s p e c i f i c a l l o c a t i o n s ar (

APPROPRIATIONS TO BE CARRIED IN CENTRAL ADMINISTRATI ACCOUNTS TO BE HANDLED BY COMPTROLLER THROUGH

CHANCELLOR AND REGENTS' BUILDINGS AND GROUNDS COMMITTEE

I n s t a l l a t i o n o f A t o m i c R e a c t o r , R o o m 131 , T a y l o r H a l l $ 1 8 , 0 0 0

T h e A t o m i c E n e r g y C o m m i s s i o n h a s m a d e t w o g r a n t s to T h e U n i v e r s i t y o f T e x a s t o t a l l i n g $ 1 6 4 , Z00 and f o r a U n i v e r s i t y e x p e n d i t u r e o f $ 1 8 , 0 0 0 w e w i l l h a v e a r e a c t o r i n s t a l l a t i o n of a t o t a l c o s t o f $ 1 8 Z , 2 0 0 . One o f t h e A t o m i c E n e r g y C o m m i s s i o n g r a n t s i s $ 1 5 0 , 0 0 0 f o r t h e p u r c h a s e of t h e r e a c t o r . P r o f e s s o r S c a n l a n a n d D e a n H a g e r t y r e c o m m e n d the p u r c h a s e o f T R I G A M a r k I r e a c t o r f r o m t h e G e n e r a l A t o m i c D i v i s i o n of G e n e r a l D y n a m i c s C o r p o r a t i o n . T h e c o s t of t h i s uni t i n c l u d i n g i n s t a l l a t i o n s u p e r v i s i o n i s $ 1 5 3 , 6 0 0 . T h e r e f o r e , $ 3 , 6 0 0 o f the $ 1 8 , 0 0 0 r e q u e s t e d h e r e w i l l a p p l y on the p u r c h a s e c o n t r a c t w i t h the G e n e r a l D y n a m i c s C o r p o - r a t i o n . T h e G e n e r a l D y n a m i c s C o r p o r a t i o n h a s s u b - m i t t e d a c o n t r a c t w h i c h h a s b e e n a p p r o v e d by P r o - f e s s o r S c a n l a n a n d D e a n H a g e r t y , M r . W a l d r e p a n d G. W. Landrum. We c a n n o t execute this contract until we have the appropriation to take care of the in-

stallation. The excavation, two tanks, floor, etc. are

estimated to cost $11,000; the monitoring and other safety equipment are estimated to cost $3,400. These items with the $3,600 to apply on the purchase of the reactor total the $18,000 requested here. If this recommendation is approved, we ask for the authority to proceed with issuing the purchase order to General Atomic Division of General Dynamics Corporation for the reactor to be paid $150,000 from the Atomic Energy Commission grant and $ 3 , 6 0 0 from this requested appropriation.

APPROPRIATIONS TO BE CARRIED IN MAIN UNIVERSITY ACCOUNTS, TO BE HANDLED BY MAIN UNIVERSITY

DIRECTOR OF PHYSICAL PLANT AND : BUSINESS M A N A G E R

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)-08-61 It is d e s i r a b l e t ha t t h e s e p r o j e c t s a l l o c a t i o n s shou ld be se t up at this t ime in o r d e r tha t we m a y get s o m e of the work u n d e r w a y i m m e d i a t e l y • This i s , of c o u r s e , to inc lude the a u t h o r i z a t i o n to sign the c o n t r a c t f o r the r e a c t o r as r e c o m m e n d e d by Dean H a g e r t y . All but $3 ,600 is to be paid f r o m funds which c o m e to us f r o m a g ran t f r o m the F e d e r a l G o v e r n m e n t .

These r e c o m m e n d a t i o n s are m a d e by B u s i n e s s M a n a g e r Landrum and P r e s i d e n t R a n s o m for Main U n i v e r s i t y and c o n c u r r e d in by C o m p t r o l l e r S p a r e n b e r g and C h a n c e l l o r W i l s o n .

Texas W e s t e r n Co l l ege : F i n a l I n s p e c t i o n of W a r e h o u s e - S h o p s B u i l d i n g . - - O n F e b r u a r y 14, 1961, C o m p t r o l l e r S p a r e n b e r g , r e p r e - sent ing h i m s e l f and the C h a n c e l l o r ' s Off ice , Mr. Wal ter C. M o o r e , A r c h i t e c t and A s s i s t a n t to the C o m p t r o l l e r , and Mr. H e r b e r t C. C r u m e o f J e s s e n , J e s s e n , M i l l h o u s e , a n d G r e e v e n , C o n s u l t i n g A r c h i t e c t s , w e r e in E1 P a s o , and, a m o n g o:~her t h i n g s , made a f inal i n s p e c t i o n of the W a r e h o u s e - S h o p s Bui ld ing on the Texas W e s t e r n C o l l e g e c a m p u s . Others p a r t i c i p a t i n g in th is f inal in- s p e c t i o n inc luded P r e s i d e n t Ray , B u s i n e s s M a n a g e r St. C la i r , R e g i s t r a r Whi taker , C h a i r m a n of the Campus P l a n n i n g C o m m i t t e e of T e x a s W e s t e r n C o l l e g e , D e a n of M i n e s and E n g i n e e r i n g E. M. T h o m a s , A r c h i t e c t Ralph V. Davis and o ther r e p r e s e n t a t i v e s of D a v i s , F o s t e r , Thorpe and A s s o c i a t e s , I n c . , and r e p r e s e n t a t i v e s of P o n s f o r d B r o t h e r s , c o n t r a c t o r on this p r o j e c t . It is the r e c - o m m e n d a t i o n of the A r c h i t e c t s and al l the U n i v e r s i t y a d m i n i s t r a - t ive o f f i c e r s c o n c e r n e d that the R e g e n t s a p p r o v e the a c c e p t a n c e of this building and f ina l p a y m e n t to the contractor.

M e d i c a l Branch: F i n a l I n s p e c t i o n of R e m o d e l i n g of Wards 5 -A and 5-B of J o h n S e a l y H o s p i t a l . - - O n F e b r u a r y 2, 1961, C o m p t r o l l e r S p a r e n b e r g , r e p r e s e n t i n g h i m s e l f and the C h a n c e l l o r ' s Off ice , Mr . W a i t e r C. M o o r e , A r c h i t e c t and A s s i s t a n t to the C o m p t r o l l e r , and Mr . H e r b e r t C. C r u m e of J e s s e n , J e s s e n , M i l l h o u s e , and G r e e v e n , Consu l t ing A r c h i t e c t s , w e r e in G a l v e s t o n , and, a m o n g o t h e r taings," m a d e a f ina l i n s p e c t i o n of the R e m o d e l i n g of W a r d s 5-A and 5 -B of John Sea ly H o s p i t a l . O t h e r s p a r t i c i p a t i n g in th i s f i na l i n s p e c t i o n inc luded M e s s r s . T r u s l o w , W a l k e r , G i l l i a m , H i s e y , and Bobbi t t of the Medical Branch staff and Messrs. Ross, Isaacks, and others

of Southwestern Construction Company, the contractor on this project. It is the recommendation of the Architects and all the Univer- sity administrative officers concerned that the Regents approve the acceptance of this project and final payment to the contractor.

Main U n i v e r s i t y : A p p r o v a l of P r e l i m i n a r y P l a n s and A p p o i n t m e n t 'of A s s o c i a t e A r c h i t e c t f o r E n g i n e e r i n g - S c i e n c e Bui ld ing . - -At the R e g e n t s ' Mee t i ng he ld S e p t e m b e r 24, 1960, a u t h o r i z a t i o n was g iven to the Consu l t i ng A r c h i t e c t to p r e p a r e p r e l i m i n a r y p l ans f o r an E n g i n e e r i n g - S c i e n c e Bu i ld ing , inc lud ing Hous ing fo r T a n d e m Acce l . e r a t o r and R e l a t e d E q u i p m e n t a t the Main U n i v e r s i t y . T h e s e p r e - l i m i n a r y p lans have now b e e n p r e p a r e d and a p p r o v e d by the S p e c i a l C o m m i t t e e a p p o i n t e d f o r th is bu i ld ing , the Main U n i v e r s i t y F a c u l t y Bui ld ing C o m m i t t e e , P r e s i d e n t R a n s o m , C o m p t r o l l e r S p a r e n b e r g , and C h a n c e l l o r Wi l son . It is r e c o m m e n d e d tha t t hey be a p p r o v e d by the B o a r d and tha t an A s s o c i a t e A r c h i t e c t be a u t h o r i z e d to

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proceed with the preparation of working drawings and specifications. The Administration recommended that an Associate Architect be appointed at this meeting, and a joint recommendation of the Comp- troller and the Consulting Architect in regard to the selection of an Associate Architect was distributed with the supplementary recommendations at the meeting.

It is recommended by the Buildings and Grounds Committee that the firm of Phelps and Dewees and Simmons of San Antonio be

ing,app°intedMain aSuniversity,AssociateAustin.Architect for the Engineering-Science Build-

It is understood that, in accordance with established procedure and-..l the "ground rules" which have been approved by the Comptroller's Office and the Chancellor's Office, the proposed allotment to cover this project does not provide for "Specialized Teaching, Laboratory, and Departmental Equipment, which normally is provided from Departmental M. and E. and Special Equipment Appropriations. " President Ransom explained these items to the Rege:~ts' Buildings and Grounds Committee. The allotment does cover "Built-in Furniture and Equipment, such as certain types of dormitory equipment, kitchen equipment, and laboratory equipment, which are customarily handled as part of the prime construction contracts and Movable Furniture and Equipment, including such items as desks, tables, chairs, filing cabinets, etc. (commonly known as 'General Furniture and Equipment'). "

Main University: Authorization for Use of Funds Already in Allot- ment Account for Finishin~ Space in Basement of Business Admin- istration-Economics Buildin[~.--The working drawings and specifications fo r the Busines s Administration- Economic s Building include a sizable amount (approximately 1 I, 000 square feet) of unfinished space. After consideration of various and sundry pos- sibilities as to how this space might advantageously be used, and after many conferences involving various faculty and Staff people of the Main University, the Faculty Building Committee of the Main University, the Registrar, the Director of Physical Plant, the Business Manager, and the President of the ?-:ain University, the Comptroller's Office, the Chancellor's Office and the Archi- tects involved, it is now recommended by all concerned that the remaining unfinished space in the basement of this building be finished as follows:

I. Approximately 2,300 square feet be used for expanded telephone exchange and switchboard facilities to be installed by the Southwestern Bell Telephone Company.

Z. The balance of the unfinished area be used for seminar rooms and classrooms, primarily for Business Admin- istration and Economics, but definitely to be designed in such a way that all the facilities can be used for general purposes.

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T h a t the C o m p t r o l l e r ' s O f f i c e be a u t h o r i z e d to i n s t r u c t t h e A s s o c i a t e A r c h i t e c t s , P a g e , S o u t h e r l a n d , a n d P a g e , to p r o c e e d i m m e d i a t e l y w i t h t h e n e c e s s a r y a d d i t i o n s a n d c h a n g e s in the p l a n s , a f t e r p r o p e r c o n s u l t a t i o n w i t h t h e R e g i s t r a r a n d o t h e r s i n v o l v e d .

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T h a t the C o m p t r o l l e r ' s O f f i c e be a u t h o r i z e d to i n s t r u c t the A s s o c i a t e A r c h i t e c t s , P a g e , S o u t h e r l a n d , a n d P a g e , to p r o c e e d i m m e d i a t e l y w i t h t h e n e c e s s a r y c h a n g e s in t h e p l a n s a n d s p e c i f i c a t i o n s , c h a n g e o r d e r s , e t c . , to c h a n g e a w a l k on t h e N o r t h s i d e of t h i s b u i l d i n g to a d r i v e w a y , ( w i t h w a l k s ) , in o r d e r to t i e in m o r e n e a r l y w i t h the a p p r o v e d C a m p u s D e v e l o p m e n t P l a n .

. ~That the Comptroller be authorized to use and/or trans-

fer the amount of $i15,000.00, or so much thereof as may

be necessary¢, from Account No. 94ZZ5, the allotment

account for the Business Administration-Economics

Building, to cover the work above indicated, plus what-

ever furniture and furnishings are needed to complete

the furnishing of the basement area of this building. The

free balance in the allotment account for this building as

at March 13, 1961 is $186,041.74.

. That Architects~.:Page, Southerland, and Page and Comp-

troller Sparenberg be authorized to approve whatever

change orders are necessary to get this work done within the amount of money authorized.

Main University: Award of Contracts for West Mall Office Build-

in~. --In accordance with authorization given by the Board at the

meeting held December i0, 1960, bids were called for and were

opened and tabulated on March 9, 1961, for the West Mall Office

Building at the Main University. A tabulation of the bids is on

Page 35 . After careful consideration of the bids by all concerned,

it is the recommendation of the Consulting Architect, Jessen,

Jessen, Millhouse, and Greeven, the Associate Architect, Staub,

Rather, and Howze, President Ransom, the Comptroller's Office,

and the Chancellor's Office that contract awards be made to the lowest and best bidders, as follows:

General Contract:

Eitze-Kitchens Construction Company

AUstin, Texas

Base Bid

Elevator Contract:

B. F. Johnson Elevator Co., Inc.

Waco, Texas

$457,000.00

38,300.00

Plumbing Contract:

F and S Company, Austin, Texas 3 5 , 1 8 6 . O 0

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)-08-61 $I 13,896.00

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( C o p i e s o f j u s t i f i c a t i o n s f o r r e c o m m e n d e d a w a r d s w e r e d i s t r i b u t e d to e a c h m e m b e r o f t h e B o a r d a t t h e m e e t i n g . )

A s t h e o r i g i n a l o v e r - a l l a p p r o p r i a t i o n f o r t h i s p r o j e c t w a s $ 7 5 0 , 0 0 0 . 0 0 , in o r d e r to m a k e t h e c o n t r a c t a w a r d s a s r e c o m - m e n d e d a b o v e , p a y A r c h i t e c t s ' F e e s t h e r e o n , a n d r e t a i n an a m o u n t s u f f i c i e n t to c o v e r t h e e s t i m a t e d c o s t o f m o v a b l e f u r n i t u r e a n d f u r n i s h i n g s f o r t he b u i l d i n g , i t w i l l be n e c e s s a r y to h a v e a n a d d i t i o n a l a p p r o p r i a t i o n o f n o t l e s s t h a n $ 7 6 , 8 0 0 . 0 0 . It i s , t h e r e - f o r e , r e c o m m e n d e d t h a t an a d d i t i o n a l a p p r o p r i a t i o n of $ 7 7 , 0 0 0 . 0 0 be m a d e to A c c o u n t No . 947-70 - W e s t M a l l O f f i c e B u i l d i n g f r o m P e r m a n e n t U n i v e r s i t y F u n d B o n d P r o c e e d s •

R e q u e s t to A d m i n i s t r a t i o n f o r R e c o m m e n d a t i o n s r e P r e b i d d i n g Q u a l i f i c a t i o n s f o r B i d d e r s . - - I t i s r e c o m m e n d e d b y t he B u i l d i n g s a n d G r o u n d s C o m m i t t e e t h a t t h e A d m i n i s t r a t i o n be i n s t r u c t e d to p r e p a r e f o r t h e n e x t m e e t i n g o f t h e B o a r d r e c o m m e n d a t i o n s to s e t up p r e b i d d i n g q u a l i f i c a t i o n s f o r b i d d e r s . I t i s r e q u e s t e d t h a t t h e r e c o m m e n d a t i o n s be p r e s e n t e d t h r o u g h t h e B u i l d i n g s a n d G r o u n d s C o m m i t t e e to t h e B o a r d . ( T h i s r e c o m m e n d a t i o n w a s a r e q u e s t o f t h e m e m b e r s o f t h e B u i l d i n g s a n d G r o u n d s C o m m i t t e e . )

A d o p t i o n o f R e p o r t . - - T h e f o r e g o i n g r e p o r t a n d t h e r e c o m m e n d a t i o n s

c o n t a i n e d t h e r e i n w e r e a d o p t e d u p o n m o t i o n o f V i c e - C h a i r m a n H e a t h , s e c o n d e d b y M r . B r e n a n .

R E P O R T O F L A N D A N D I N V E S T M E N T C O M M I T T E E ( S e e P a g e 24 f o r a d o p t i o n . ) . - - C o m m i t t e e C h a i r m a n M a d d e n r e p o r t e d t h a t t h e L a n d a n d I n v e s t m e n t C o m m i t t e e r e c o m m e n d s w i t h o n e e x c e p t i o n t h e r e c o m - m e n d a t i o n s of t h e A d m i n i s t r a t i o n ( A t t a c h m e n t No . l) a s s u b m i t t e d to e a c h R e g e n t p r i o r to t h e m e e t i n g . T h e e x c e p t i o n i s on P a g e L - 1 2 . T h e L a n d a n d I n v e s t m e n t C o m m i t t e e r e c o m m e n d s t h a t the l a s t p a r a - g r a p h on t h a t p a g e b e d e l e t e d a n d t he f o l l o w i n g s u b s t i t u t e d in l i e u t h e r e - of:

It i s r e c o m m e n d e d that the B o a r d o f R e g e n t s e m p l o y the f i r m of V i n s o n , E l k i n s , W e e m s & S e a r l s a s c o u n s e l f o r i t s 1961 S e r i e s o f P e r m a n e n t F u n d B o n d s , t h e f e e a r r a n g e m e n t to b e p r e s e n t e d to t h e B o a r d o f R e g e n t s a t a l a t e r d a t e f o r a p p r o v a l .

Committee Chairman Madden pointed out the following points of interest in this report:

I. The per cent of earnings on the Permanent University Fund securities as of January 31, 1961, is 3. 27~0.

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. An exchange of mineral rights under two tracts of the Rangely Field in Colorado, Rio Blanco County. (Page L-Zl)

Adoption of Report. --Upon recommendation of Committee Chairman Madden and on motion of Mr. Bryan, seconded by Mr. McNeese, the B o a r d a p p r o v e d the f o r e g o i n g r e p o r t of the T~nd and I n v e s t m e n t C o m - m i t t e e . Th i s r e p o r t c o n s i s t s of the r e c o m m e n d a t i o n s o f the A d m i n - i s t r a t i o n ( A t t a c h m e n t No . 1_) a s a m e n d e d . A t t a c h m e n t No. 1, Pages L-1 t h r o u g h L-ZZ, i s a p p e n d e d f o l l o w i n g P a g e 37 of the M i n u t e s and is m a d e a part of the M i n u t e s .

O T H E R M A T T E R S

PRESENTATION OF CERTIFICATE OF APPRECIATION TO CHAN- CELLOR WILSON.--At the request of Doctor Haskew and Mr. Cox, the Chair recognized Doctor R. Lee Clark, Jr., who, on behalf of

the Administrative officials, presented to Chancellor Wilson a Cer- tificate of Appreciation.

D o c t o r Clark:

"The A d m i n i s t r a t i v e F a m i l y of The U n i v e r s i t y of T e x a s s y s t e m t a k e s p r i d e in p r e s e n t i n g to C h a n c e l l o r L o g a n Wi l - s o n th i s e m b l e m

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Z. F o r u n f a i l i n g l y s t r i v i n g f o r e x c e l l e n c e in a l l m a t t e r s ;

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And f i n a l l y , and a b o v e a l l , f o r h is g o o d j u d g m e n t and choice in administrative heads for The University o f

Texas system. "

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)-08-61 Vice-Chairman Heath moved, Mr. McNeese seconded, and the Board u n a n i m o u s l y a d o p t e d t h e f o r e g o i n g s t a t e m e n t s a s t h e s e n t i m e n t o f t h e B o a r d .

C h a n c e l l o r W i l s o n i n r e s p o n s e t h e r e t o :

"I a p p r e c i a t e v e r y m u c h r e c e i v i n g th i s c e r t i f i c a t e . I a m g o i n g to h a n g it in a c o n s p i c u o u s p l a c e . I th ink w e h a v e the b e s t a d m i n i s t r a t i v e t e a m vf a n y u n i v e r s i t y in the c o u n - try , and I h a v e g e n u i n e l y e n j o y e d w o r k i n g w i t h a l l of y o u . W h a t e v e r s u c c e s s we h a v e a c h i e v e d I a t t r i b u t e to Our c o l - l e c t i v e e f f o r t . The m e m b e r s o f th is t e a m h a v e b e e n d e d i c a t e d , h a r d - w o r k i n g , c a p a b l e p e o p l e , and it i s m y hope y o u m a y c o n t i n u e as a g r o u p . E v e n t h o u g h I a m p r a i s i n g our o w n t e a m , m a n y o u t s i d e i n d i v i d u a l s who h a v e c o m e in c o n t a c t w i t h the U n i v e r s i t y h a v e s a i d the s a m e thing.

"To the new Regents, I think you are very fortunate in

coming into the situation, and my greatest source of

satisfaction has been working with the Regents and with this team. I am very grateful to all of you. "

Chairman Hardie:

"I had the p l e a s u r e of s p e a k i n g at the A l u m n i m e e t i n g in M i d l a n d on M a r c h 2. I to ld t h e m w h e n L o g a n W i l s o n w a s s e l e c t e d to h e a d The U n i v e r s i t y o f T e x a s s y s t e m that a n e w e r a s t a r t e d ; that he had b e e n an e x c e l l e n t administrator, unfailingly courteous; and that at any

time a measure is presented, he has the answer.

"On behalf of the Board of Regents, I want to express

to Doctor Wilson our appreciation for his services. We

are extremely sorry to lose him but glad to know that

he is going to a promotion. We wish him God's speed

and continued success in that capacity. He is a fine

gentleman and agreeable. We all love him, and he takes

our love with him as he goes to another important field. "

NEXT REGULAR MEETING OF BOARD (MAY 12-13, 1961).--The

next regular meeting of the Board was set for May It-13, 1961, in Aus tin.

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E X E C U T I V E S E S S I O N . - - T h e B o a r d in an E x e c u t i v e S e s s i o n a f f i r m e d i t s a c t i o n t a k e n on F r i d a y , M a r c h 17, { P a g e 6 ) a n d a p p r o v e d t h e f o l l o w i n g r e l a t i n g to T h e S o u t h T e x a s M e d i c a l S c h o o l :

On O c t o b e r I, 1959, t h e B o a r d of R e g e n t s of The U n i v e r - s i t y of T e x a s , a f ter a v e r y c o m p e t e n t m e d i c a l a d v i s o r y t e a m had s tud ied the s i tua t ion , adopted a r e s o l u t i o n l o c a t i n g The South T e x a s M e d i c a l Schoo l at the Oak Hi l l s s i t e . A n o t h e r t e a m of i n v e s t i g a t o r s , not s e l e c t e d by the B o a r d of R e g e n t s , s tud ied the who le p r o b l e m and they too c o n f i r m e d the B o a r d ' s d e c i s i o n by r e c o m m e n d i n g the s a m e s i t e .

T h e b i e n n i a l b u d g e t r e q u e s t o f t h e U n i v e r s i t y to the L e g - i s l a t u r e i n c l u d e d a $ 1 0 0 , 0 0 0 i t e m f o r p l a n n i n g T h e S o u t h T e x a s M e d i c a l S c h o o l . It i s t h e u n d e r s t a n d i n g o f the B o a r d o f R e g e n t s that the S a n A n t o n i o l e g i s l a t i v e d e l e - g a t i o n wil l s e e k an addi t iona l a p p r o p r i a t i o n for the s e c o n d y e a r of the b i e n n i u m in an a m o u n t s u f f i c i e n t to b e g i n a c t u a l c o n s t r u c t i o n o f the f i r s t b u i l d i n g unit o f t h e M e d i c a l S c h o o l . T h e B o a r d o f R e g e n t s e x p r e s s e s i t s w i l l i n g n e s s to e x p e d i t e p l a n n i n g and to p r o c e e d w i t h c o n s t r u c t i o n a s s o o n a s the L e g i s l a t u r e m a k e s the f u n d s a v a i l a b l e .

T h e B o a r d f e e l s t h a t t h e y h a v e g i v e n c a r e f u l , t h o r o u g h , a n d c o m p l e t e c o n s i d e r a t i o n to a l l p e r t i n e n t f a c t o r s r e l a t e d to a m e d i c a l s c h o o l a n d a m e d i c a l c e n t e r , a n d r e a f f i r m s i t s o r i g i n a l d e c i s i o n a s to c h o i c e o f l o c a t i o n . It f u r t h e r a s k s the S a n A n t o n i o M e d i c a l F o u n d a t i o n to t r a n s f e r f o r t h w i t h 100 a c r e s o f l a n d o u t of t h e 2 0 0 - a c r e t r a c t a l r e a d y a v a i l a b l e f o r t h e M e d i c a l C e n t e r s i t e , in c o n f o r m i t y w i t h e x i s t i n g l e g i s l a t i v e a u t h o r i z a t i o n (H. B. 9, C h a p t e r 129, A c t s o f the F i f t y - s i x t h L e g i s l a t u r e , R e g u l a r S e s s i o n ) . T h i s a m o u n t of l a n d i s d e e m e d n e c e s s a r y b y the B o a r d o f R e g e n t s f o r the l o n g - r a n g e d e v e l o p m e n t o f a f i r s t - c l a s s m e d i c a l s c h o o l .

E x p e r i e n c e h a s d e m o n s t r a t e d t h a t m e d i c a l s c h o o l s f l o u r i s h b e s t in m e d i c a l c e n t e r s . T h e s p e c i f i c e x p e - r i e n c e o f the B o a r d of R e g e n t s w i t h i t s o p e r a t i o n o f a n i n s t i t u t i o n in the S o u t h w e s t e r n M e d i c a l C e n t e r , D a l l a s , w h e r e t h e o r i g i n a l l ~ 8 - a c r e t r a c t f o r the C e n t e r h a s a l r e a d y p r o v e d to be i n a d e q u a t e , a n d a s i m i l a r e x p e - r i e n c e w i t h i t s i n s t i t u t i o n s in the H o u s t o n C e n t e r , w h e r e t h e o r i g i n a l 1 6 3 - a c r e t r a c t , i n c l u d i n g the H e r m a n n H o s p i t a l p r o p e r t y , h a s l i k e w i s e p r o v e d to be i n a d e q u a t e , m a k e s the B o a r d a c u t e l y a w a r e o f the n e c e s s i t y f o r a c q u i r i n g a s u f f i c i e n t a m o u n t o f a c r e a g e f o r l o n g - r a n g e d e v e l o p m e n t . A c c o r d i n g l y , the B o a r d o f R e g e n t s o f T h e U n i v e r S i t y o f T e x a s u r g e s i n t e r e s t e d g r o u p s in S a n A n t o n i o to m o v e i m m e d i a t e l y to a c q u i r e at l e a s t a n o t h e r 150 a c r e s a d j a c e n t to the O a k H i l l s s i t e , s o tha t t h e M e d i c a l C e n t e r w i l l h a v e a v a i l a b l e 350 a c r e s f o r l o n g - t e r m e x p a n s i o n . T h i s i s the a m o u n t o f a c r e a g e r e c o m m e n d e d by c o m p e t e n t m e d i c a l c e n t e r a u t h o r i t i e s .

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-08-61 I T E M F O R T H E R E C O R D . - - T h e f o l l o w i n g a c t i o n w a s t a k e n a t the m e e t i n g of the B o a r d of R e g e n t s on J a n u a r y 16, 1961. I t w a s to b e r e c o r d e d in the m i n u t e s a f t e r t he p r o p o s a l h a d b e e n p u b l i c l y a n n o u n c e d . It w a s a n n o u n c e d in t h e D a l l a s M o r n i n g N e w s on F e b r u a r y 11, 1961:

P r o p o s e d A g r e e m e n t b e t w e e n B o a r d o f T r u s t e e s of t he P r e s b y - t e r i a n H o s p i t a l G r o u p a n d B o a r d o f R e g e n t s , S o u t h w e s t e r n M e d i c a l S c h o o l . - - T h e M e d i c a l A f f a i r s C o m m i t t e e r e c o m m e n d e d a n d the B o a r d , upon m o t i o n of M r . T h o m p s o n , s e c o n d e d b y M r . B r y a n , a p p r o v e d the f o l l o w i n g p o i n t s a s a b a s i s of c o o p e r a t i o n b e t w e e n the B o a r d of R e g e n t s of T h e U n i v e r s i t y of T e x a s a n d the B o a r d of T r u s t e e s of t he P r e s b y t e r i a n H o s p i t a l o f D a l l a s in the e v e n t t h e P r e s b y t e r i a n H o s p i t a l G r o u p e l e c t s to c o n - s t r u c t i t s p h y s i c a l f a c i l i t i e s on the R e y n o l d s s i t e on the n o r t h e d g e of D a l l a s : ~.~

. T h a t a l l i n i t i a l n o m i n a t i o n s to the m e d i c a l p r o f e s s i o n a l s t a f f of the P r e s b y t e r i a n H o s p i t a l b e m a d e by the D ~ a n of T h e U n i v e r s i t y of T e x a s S o u t h w e s t e r n M e d i c a l S c h o o l to the B o a r d of T r u s t e e s o f the P r e s b y t e r i a n H o s p i t a l of D a l l a s a f t e r r e c o m m e n d a t i o n to the D e a n by the c h i e f s a n d a s s o c i a t e c h i e f s of e a c h h o s p i t a l s e r v i c e a n d the c o n c u r - r e n c e of t he D e a n . T h e b a s i c q u a l i f i c a t i o n s f o r e l i g i b i l i t y s h a l l be r e c o m m e n d e d in w r i t i n g b y the m e d i c a l s c h o o l a n d a c c e p t e d b y the B o a r d of T r u s t e e s of the P r e s b y t e r i a n H o s p i t a l . No i n i t i a l a p p o i n t m e n t to s t a f f m e m b e r s h i p s h a l l b e c o n s i d e r e d e x c e p t u p o n w r i t t e n n o m i n a t i o n b y the D e a n of the M e d i c a l S c h o o l . A l l a p p o i n t m e n t s s h a l l be on an a n n u a l b a s i s .

. T h e c h a i r m e n of t he s e v e r a l d e p a r t m e n t s of the m e d i c a l s c h o o l , o r m e m b e r s of t he m e d i c a l s t a f f w h o m t h e y m a y a p p o i n t a s t h e i r d e p u t i e s , s h a l l b e the a s s o c i a t e c h i e f s of s e r v i c e in e a c h of the c o r r e s p o n d i n g d e p a r t m e n t s a n d d i v i s i o n s of the h o s p i t a l s t a f f . T h e a s s o c i a t e c h i e f s , a s a s t a n d i n g c o m m i t t e e o f t he h o s p i t a l s t a f f , s h a l l s u p e r - v i s e , p l a n , a n d d i r e c t a l l e d u c a t i o n a l a c t i v i t i e s w i th in the h o s p i t a l , i n c l u d i n g u n d e r g r a d u a t e , i n t e r n s h i p , a n d r e s i d e n c y p r o g r a m s . T h e c h i e f s of s e r v i c e in the s e v e r a l d e p a r t - m e n t s a n d d i v i s i o n s of t h e h o s p i t a l s h a l l b e s e l e c t e d in k e e p i n g w i t h s u c h o r d i n a r y p r o c e d u r e s a s m a y be s e t f o r t h in the c o n s t i t u t i o n a n d b y l a w s of the h o s p i t a l s t a f f but w i t h the u n d e r s t a n d i n g t h a t c o o p e r a t i o n of t he a s s o c i a t e c h i e f s a n d c h i e f s of s e r v i c e in a l l m a t t e r s m u s t be a s s u r e d .

. In o r d e r to m a k e a v a i l a b l e the n e c e s s a r y f u l l - t i m e s u p e r - v i s i o n of e d u c a t i o n a l p r o g r a m s a t a l l l e v e l s a n d to s t i m u - l a t e r e s e a r c h a c t i v i t i e s w i t h i n t he h o s p i t a l , i t s h a l l b e d e e m e d a d v i s a b l e to e m p l o y a f u l l - t i m e p h y s i c i a n t r a i n e d in the f i e l d of i n t e r n a l m e d i c i n e a n d a n o t h e r e q u a l l y w e l l q u a l i f i e d in t he f i e l d of s u r g e r y , w h o s e o f f i c e s a n d a d e - q u a t e l a b o r a t o r i e s s h a l l b e p r o v i d e d b y the P r e s b y t e r i a n H o s p i t a l . T h e s e l e c t i o n a n d a p p o i n t m e n t of t h e s e two f u l l - t i m e i n d i v i d u a l s w o u l d b e a c c o m p l i s h e d j o i n t l y b y T h e U n i v e r s i t y o f T e x a s S o u t h w e s t e r n M e d i c a l S c h o o l a n d the

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P r e s b y t e r i a n H o s p i t a l o f D a l l a s . It i s r e c o g n i z e d at t h i s t i m e o f w r i t i n g that the a l l o c a t i o n o f t i m e a n d d i s t r i b u t i o n o f s e r v i c e s f o r s u c h m e n m a y v a r y f r o m t i m e to t i m e a n d t h e a l l o c a t i o n o f s a l a r y on an e q u i t a b l e b a s i s b e t w e e n the t w o a g e n c i e s m u s t be n e g o t i a t e d b e t w e e n t h e r e s p o n s i b l e a d m i n i s t r a t i v e h e a d s o f the m e d i c a l s c h o o l a n d the h o s p i - t a l a n d c o n c u r r e d in by t h e r e s p e c t i v e g o v e r n i n g b o a r d s . It i s a l s o c o n s i d e r e d p r o b a b l e tha t a p a r t - t i m e to f u l l - t i m e i n d i v i d u a l c o n c e r n e d w i t h t e a c h i n g and r e s e a r c h a c t i v i t i e s in o t h e r m e d i c a l s p e c i a l t i e s m a y b e r e q u i r e d s u b s e q u e n t l y in a t t a i n i n g the o b j e c t i v e s o f b o t h t h e h o s p i - ta l a n d t h e m e d i c a l s c h o o l . In e a c h c a s e t h e n e e d f o r p e r s o n s in a d d i t i o n to the t w o m e n t i o n e d a b o v e a n d n e c e s - s a r y f i s c a l a r r a n g e m e n t s w o u l d o f n e c e s s i t y b e s u b j e c t to n e g o t i a t i o n o f a d m i n i s t r a t i v e h e a d s a n d a p p r o v a l by the r e s p e c t i v e g o v e r n i n g b o a r d s ,

The Board of Trustees of Presbyterian Hospital of Dallas recognizes the necessity for and value of special teaching cases and pledges its full cooperation in an admission policy for non-paying cases to the extent of its financial ability. Final approval of such cases will rest with the ho spiral.

The Board of Trustees of the Presbyterian Hospital of Dallas agrees that all patients admitted shall be consid- ered teaching cases except in rare instances. The Board of Trustees agrees to establish an automatic reporting system that will reflect the following points:

a. When any physician exempts more than ten per cent of his private patient admissions from the teaching classification (status), this information will be forwarded to the Board of Trustees via the Executive Committee of the ]V[edical Staff at the time of annual renorninations.

b. That when a member of the staff fails to c a r r y out his requested teaching assignments, the report of such omissions will be forwarded to the Board of Trustees via the Executive Committee of the ]V[edical Staff at the time of annual renominations.

It is agreed that the Presbyterian Hospital of Dallas shall maintain and provide adequate comparable salaries for the necessary professional personnel in each of the consulta- tion departments (pathology, radiology, physical medicine, and anesthesiology). In the case of the first appointment (full-time chief) in each department listed above, the recommendation to the Presbyterian Hospital Board shall originate jointly with the chief of the corresponding department of the medical school, the Dean of the medical school, and Administrator of Presbyterian Hospital• Appointments to other positions in these departments will be jointly

recommended by the chiefs and associate chiefs of these

- Z 8 -

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3-08-6 services and concurred in by the Dean of The University of Texas Southwestern Medical School and the Administra- tor of Presbyterian Hospital of Dallas.

Al l d e c i s i o n s p e r t a i n i n g to n u m b e r o f m e d i c a l s t u d e n t s a n d e x t e n t o f u n d e r g r a d u a t e m e d i c a l s c h o o l t e a c h i n g w i t h i n the P r e s b y t e r i a n H o s p i t a l s h a l l be d e c i d e d by the f a c u l t y o f t h e s c h o o l o f m e d i c i n e .

Presbyterian Hospital agrees to dedicate a minimum of five acres for the purpose of providing research laboratory space on the Presbyterian Hospital campus. The Hospital will designate the area.

In a d d i t i o n to t h e m e m b e r s p r o v i d e d f o r b y the b y l a w s , the E x e c u t i v e C o m m i t t e e o f the m e d i c a l s t a f f s h a l l p r o v i d e that the a s s o c i a t e c h i e f s o f m e d i c i n e , s u r g e r y , o b s t e t r i c s - g y n e c o l o g y a n d p e d i a t r i c s , a s p r o v i d e d in s e c t i o n Z, s h a l l be m e m b e r s o f the M e d i c a l S t a f f E x e c u t i v e C o m m i t t e e .

T h e h o s p i t a l s h a l l e s t a b l i s h a n d p r o v i d e an a d e q u a t e b u d g e t f o r n e c e s s a r y m a i n t e n a n c e a n d s t i p e n d s f o r s u c h i n t e r n a n d r e s i d e n t s t a f f a s m a y be r e q u i r e d to c o m p a r e f a v o r - a b l y w i t h t e a c h i n g i n s t i t u t i o n s in t h e S o u t h w e s t .

It i s a g r e e d that t h e B o a r d o f T r u s t e e s o f the P r e s b y t e r i a n H o s p i t a l and t h e B o a r d o f R e g e n t s o f T h e U n i v e r s i t y o f T e x a s , a c t i n g f o r t h e S o u t h w e s t e r n M e d i c a l S c h o o l , s h a l l r e t a i n a l l j u r i s d i c t i o n a l p o w e r s i n c i d e n t a l to s e p a r a t e o w n e r s h i p i n c l u d i n g t h e p o w e r to d e t e r m i n e the g e n e r a l a n d f i s c a l p o l i c i e s o f t h e i r r e s p e c t i v e i n s t i t u t i o n s a n d t h e s e l e c t i o n o f a d m i n i s t r a t i v e p e r s o n n e l . H o w e v e r , t h o s e f a c u l t y p e r s o n n e l w h o m a y be e m p l o y e d f r o m t i m e to t i m e u n d e r j o i n t a g r e e m e n t s b e t w e e n t h e P r e s b y t e r i a n H o s p i t a l o f D a l l a s a n d T h e U n i v e r s i t y o f T e x a s w i l l n e c e s s a r i l y r e q u i r e t h e f i n a l a g r e e m e n t of b o t h B o a r d s u n d e r the u s u a l o p e r a t i n g p r o c e d u r e r e l a t i n g to a p p o i n t m e n t s .

All agreements and understandings contained herein shall continue indefinitely but may be terminated by either The University of Texas or the Presbyterian Hospital six years after written notice of desire to terminate shall have been d e l i v e r e d to the c h i e f a d n ~ i n i s t r a t i v e o f f i c e r o f e i t h e r i n s t i t u t i o n .

In order to provide for effective communication between the hospital and the school of medicine a joint conference committee--consisting of the Chairman of the Medical

Affairs Committee of the Board of Regents of The Univer- sity of Texas, and a member of the Board of Trustees of

* Underlined portion is amendment adopted by the Board of Regents.

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-08-61 the P r e s b y t e r i a n H o s p i t a l of D a l l a s , the D e a n of the M e d i - ca l S c h o o l , and the A d m i n i s t r a t o r of t:~i ~ P r e s b y t e r i a n H o s p i t a l - - w i l l be f o r m e d . The c o m m i t t e e s h o u l d m e e t at l e a s t o n c e e a c h y e a r to r e v i e w a l l r e l a t i o n s h i p s and a c t i v - i t i e s .

14. A l l a d m i s s i o n o f p a t i e n t s to the h o s p i t a l s h a l l be u n d e r the d i r e c t i o n of the B o a r d o f T r u s t e e s o f P r e s b y t e r i a n H o s p i - tal o f D a l l a s and fu l l and c o m p l e t e d i r e c t i o n and s u p e r - v i s i o n o f the h o s p i t a l s h a l l at a l l t i m e s be r e t a i n e d b y the H o s p i t a l B o a r d .

15. T h e s t a t e d p u r p o s e s and i d e a l s o f the P r e s b y t e r i a n H o s p i - tal of D a l l a s a r e to a c h i e v e the g o a l of d e v e l o p i n g and m a i n t a i n i n g an i n s t i t u t i o n d e d i c a t e d to the b e s t a t t a i n a b l e p a t i e n t c a r e . To th i s end an i n t r a - m u r a l p r o g r a m of r e s e a r c h and e d u c a t i o n is c o n s i d e r e d to be a p r e r e q u i s i t e . In f u l f i l l m e n t of the e x p a n d i n g t e a c h i n g , r e s e a r c h , and s e r v i c e r e s p o n s i b i l i t i e s o f the s c h o o l of m e d i c i n e it i s o u r b e l i e f that an a g r e e m e n t o f c o o p e r a t i o n and a s s i s t a n c e in d e v e l o p i n g a t e a c h i n g and r e s e a r c h p r o g r a m wi th in the P r e s b y t e r i a n H o s p i t a l f o r i n t e r n s and al l r e s i d e n c y l e v e l s , and f o r u n d e r g r a d u a t e s t u d e n t s to the e x t e n t f e a s i b l e , i s in the b e s t i n t e r e s t s o f both i n s t i t u t i o n s . E v e r y c o n s i s t e n t e f f o r t w o u l d be d i r e c t e d b y both i n s t i t u t i o n s t o w a r d a s s i s t - ing in the c r e a t i o n of a t t i t u d e s and e n v i r o n m e n t a l s i t u a t i o n s c o n d u c i v e to the b e s t p a t i e n t c a r e , t e a c h i n g , and r e s e a r c h , a s o u t l i n e d in a l l s e c t i o n s a b o v e .

S i n c e it i s the d e s i r e o f both b o a r d s that no p r e m a t u r e r e l e a s e of th i s p r o p o s a l be m a d e unti l the B o a r d of T r u s t e e s o f the P r e s b y t e r i a n H o s p i t a l has had an o p p o r t u n i t y to s t u d y the t e r m s , the R e g e n t s , upon m o t i o n o f Mr. B r y a n , s e c o n d e d by M r s . D e v a l l , a u t h o r i z e d R e g e n t T h o m p s o n and D e a n Gi l l to a p p r o v e a n y jo in t a n n o u n c e m e n t o f the p r o p o s a l .

~ D J O U R N M E N T . - - T h e B o a r d a d j o u r n e d at 11:50 a. m .

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REMODELING OF ATTICS AND AIR CONDITIONING OF SUTTON HALL AND TAYLOR HALL

Bids Opened: 2:30 P.M., Tuesday, February 21, 1961

GENERAL CONTRACT

Alternate Alternate Alternate Proposal Proposal Proposal No. 1 No.2 No. 3 No. 3 No. Working

Contractor No.1 No. 2 Deduct Deduct Deduct Combination Days ----W. D. Anderson Co. $2,500.00 $1,700.00 $8,100.00 $82,538.00 140

Joe Badgett Con~ struction Co., Inc. $32,313.00 $45,581.00 2,255.00 1,512.00 9,181.00 77,700.00 140

John Broad Construction Co. 38,844.00 51,133.~ 2,~?0.00 1,624.00 8,706.00 89,977.00 Sept. 15, 1961

C & H Construction Company, Inc.

E1lis-Holstien, Inc.

Dick MasonCc;>nstruction.Co.

D. B. Ware ConstructionCompany

35,663.00

32,479.00

\,\

2,400.00

2,277.00

45,372.00

/

900.00 8,200.00 84,480.00

917.00 7,000.00 93,798.00

1,162.00 8,478.00 77,351.00

All bidders submitted with their bids a bidder's bond in the amount o~ 5~ o~ the total bid.

All the bidders are located in Austin, Texas

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REMODELING OF ATl'ICS AND AIF. ::ONDITIONING OF SUTl'ON HALL AND TAYLOR HALL MAIN UNIVERSITY OF THE UNIVERSITY OF TEXAS

AUSTIN J TEXAS

Bids Opened: 2: 30 P.M. J Tuesday, February 21, 1961

Contractor

J. M. Boyer Mechanical Contractor

F &: S Company "

Industrial Contractors, Inc.

A. J. Monier & Company, Inc.

StrandtmannAir Conditioning Co.

Way Engineering Company, Inc.

Young & Pratt

Proposal No.1

$164,634.00

173,715.00

166,740.00

178,253.00

182,600.00

177,700.00

ALTERNATES TO PROPOSAL NO. 1 Alternate Alternate Alternate

No •. 1 No. 2 No. 3 Deduct DP.duct Deduct

$10,300.00

13,140.00

11,450.00

13,370.00

12,873.00

12,000.00

$3,500.00

4,800.00

2,900.00

3,800.00

3,614.00

3,500.00

$2,000.00

2,118.00

2,350.00

2;'018.00

2,414.00

2,000.00

A11bidders submitted with the~r bids 9.~;bidder's bond in the amount 'of 5~ of the total bid.

All the bidd6rs are located in Austin, Texas

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REMODELING OF ATTICS AND AIR CONDITIONING OF SUTTON HALL AND TAYLOR HALL (CONTINUED)

MECHANICAL CONl'RACT INCLUDING ELECTRICAL (CONTINUED)

Contractor

J. M. Boyer Mechanical Contractor

F & S Company

Industrial Contractors, Inc.

A. J. Monier & Company, Inc.

Strandtmann Air .. Conditioning Company

Way Engineering Company, Inc.

Young & Pratt

Proposal No.2

$142,451.00

146,160.00

153,800.00

143,980.00

154,340.00

158,266.00

146,840.00

Alternate No.1 Deduct

$1,200.00

6,041.00

9,150.00

1,000.00

8,883.00

9,804.00

8,400.00

ALTERNATES TO PROPOSAL NO. 2 Alt~+nate

-No: 2 Deduct

~12,310.00

12,352.00

8,400.00

1~j500.00

13,154.00

13,014.00

13,800.00

Alternat.eAIternate lliernate No. 5 Deduct

No.3 No.4 Add Deduct

$:)..,530.00 $2,512.00 $4,450.00

360.00

2,000.00

1,890~00

1,068.00

1,694.00

1,160.00

2,100.00 3,000.00

3,600.00 4,400.00

2,900.00 3,960.00

2,850.00 3,328.00

3,501.00 4,160.00

3,000.00 4,400.00

All bidders submitted with their bids a bidder's bond in the amount of 5~ of the total bid.


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REMODELING OF ATTICS AND AIR CONDITIONING OF SUTTON HALL AND TAYLOR HALL (CONTINUED)

Contractor J. M. Boyer Mechanical Contractor F & S Company Industrial Contractors, Inc. A. J. Monier & Company, Inc. Strandtmann Air Conditioning Co. Way Engineering Company, Inc. Young & Pratt

Contractor J. M. Boyer Mecll8nica1 Contractor F, & S Company , Industrial Contractors; Inc. A. J. Monier & Company, Inc. Strandt~nn Air Conditioning Co. Way Engineering Company, Inc. Young & Pratt

Proposal No·3

$305;940.00 ·317,303·00

308,720.00 328,593.00 333,951.00


$10,300.00 .13,140.00

11,450.00 13;370.00 12,873.00

ALTERNATES TO PROPOSAL NO. 3 . Alternate Alternate

No. 2 No. 3 . Deduct Deduct

$3;500.00 $2,000.00 4,800.00 2,118.00

2;900.00 3;800.00 3,614.00

2,350.00 2,018.00 2,414.00

ALTERNATES TO PROPOSAL NO. 3 ( CONl'INUED ) Alternate. Alternate Alternate Alternate _ No.5 No.6 No.7 No.8

Deduct Add . Deduct . Deduct . $12;370.00 $1,530.00 $2,512.00 $4,450.qo

.12,352.00 360.00 2,700.00 3,000.00

11,500.00 13;754.00 13',041.00

1,890.00 1,068.00 1,694.00

2,900.00 2;850.00 3,507.00

3,9/50.00 3,328.00 4,760.00

All bidders submitted with their bids a bidder's bond in the amount ot 5~ ot the total bid.



$7,200.00 6,047.00

7,000.00 8,883.00 9,804.00

On all bids Proposal No. l.cover~ work in Sutton Hall, Proposal No. '2 coVered work in Tay.10r Hall, and Proposal No. 3 covered combination ot wQrk In both Sutton Hall and Taylor Hall. .

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WEST MALL OFFICE BUILDING MAIN UNIVERSITY OF THE UNIVERSITY OF TEXAS

AUSTIN, TEXAS

Bids Opened: 2: 30 P.M., Thursday, March 9, 1961

6ZZ

3-08-61

GENERAL COBTRACT

C o n t r a e t ' o r Base'Bid

9allas Building,~Inc. )sllas, Texas $510,~90.00

)a~ragh and Lyda ~nAntonio, Texas 470,700.00

~litze-Kitchen~,~ConstructionCo. ~ustin, Texa~ ~ ~57,000~00

r. C. Evans Construction Co., Inc. :,'

~ustin, Tex~s : 478,273.00

~arnsworth a n d Chambers Co., Inc.

[ouston, Texas ~9~,000.00

{. O. Farrell Company , ~essa, Texas 498,260.00

}.L. McGee Construction Co. mstin, Texas ~97,000.00

I . M. O d o m Construction Co~ ; ~stin, T e x a s ~65,800.00

"ohnJ. Stokes - General Contractor

~nMarcos, Texas 458,854.00

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Alternate No. I Dedi, ct

1,000.00, .

749.00:

1,692.00

L'

1,600.00

1,750.00

1,375.00

1,600~00

: 1 , 6 0 0 . 0 0 ; i ;

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3-08-61 BIDS ON WEST MAlL OFFICE BUILDING (CONTINUED)

PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTS

HEATING AND AIR PLUMBING CONDITIONING CONTRACT CONTRACT

S Company, n, Texas $35,186.00 $

COMBINEDPLi~4BING, HEATING, AND AIR

CONDITIONING CONTRACT

-Schmidt, Austin

~Zr

$159,000.00

)hrey Company, :*) HOU~*to~,

37,406.00

exss 40,000. O0 109,800. O0

L Company, .~ Texas -- 129,850 • 00 165,201.00

Plumbing and cg Compahy, ~, Texas 37,973.00 116,511.00 151,000.00

G. Puryear, stin, Texas 39,400.00

.mann Air ioning Com- Austin, Texas

%

121,298.00

Engineering Corn- y, Inc., Austin, :, :~

:as -- 119,222. O0 --

g and Pratt, ~ :~,:-~

tin, Texas -- 113,896.00 ~ --

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BIDS ON WEST MALL OFFICE BUILDING (CO]gTT~gLTED ~ ) -

ELECTRICAL CONTRACT

Contractor

O. H. O,mm4us Electric Co. Austin, TexAs

Fox-Schm4dt Austin, Texas

Grimes Electric Company of Austin, Inc.

Austin, Texas

W. K. Jennings Electric Co., Inc.

Austin, Texas

Dean Johnston, Inc. Austin, Texas ,2

Seco Smith Electric Co. Austin, Texas

Walter A. Tew Electric Austin, Texas

Electrical Contract

$lO , 9e . oo

122,389.00

i04,675.00

iii,449.00

108,689. O0

i 0 7 , 9 1 7 . O 9

,, i19,722.00

All bidders submitted with their bids a bidder's bond in the amount of 5% of the total bid.

ELEVATOR CONTRACT

Contractor

Hunter-Hayes Elevator Co. Austin, Texas

B. F. Johnson Elevator Co. , Inc.

Waco, Texas

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Elevate: Contract

$39,611~00

3 8 , 3 0 0 . 0 0

37-

-08-61

Bidder 'is Bond

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An ACHMENT N&, PERMANENT UNIVERSITY FOND -- IBNE- MA!CTERS.--

REPORT OF PURCHASES AND SALES OF SECURITIES.--The fOllaWilX3 purchases and sales of securities have been made for the Permanent University Fund since the loeetin@; of J a ~ i a r y 17, 1961. We ask that the Board r a t i fy asd approve these transactions:

PURCWS OF SECURITIES

CORPORATE BOlBDS - Indicated

Pax Value Market Price Total Current Date of of Bonds a t which Principal Yield Purchase Security Purchased Furchased Cost* on Cost*

Potomac Electric Pmer Company 250, 103.86 Avg. $ 259,650.00 First Mortgage Bonds, 58 Series, dated 12/15/60, due 12/15/95

1/12/61 1ara power and ~ i g h t company 250,000 100.404 Net 251,010.00 4.60 Firs t Mortgage Bonds, 4-5/8$ Series, dated 1/1/61, due 1/1/91

1/12/61 Fublic Service Electric & Gas 250,000 101.875 Net 254,687.50 4-64 Company Firs t & Refunding Mort- gage Bonds, 4-3/4$ Series, dated 9/1/60, due 9/1/90

2/6/61 Florida Parer Corporation First Mortgage Bonds, 4-314% Series, dated 10/1/60, due 10/1/90

500,000 104.50 Net 5n,5oo.oo 4.48

2/15/61 Puget sound Parer & ~ i g h t Company 250,000 99.59 Net 248,975.00 4.65 Firs t Mortgage Bonds, 4-51% Series, dated 2/1/61, due 2/1/91 -

Total Corporate Bonds Furchased $ ~ , ~ O O . O O O

COMMON STOCKS No.

of Shares Purchased

6 The Atchison Topeka & Santa Fe 1,000 24-318 - , , Railway company Common Capital Stock

6 International Business Machines Corporation Capital Stock

6 United States Gypsum Company Common Stock

1/13/61 American Rome Froducts Corpora- t ion Capital Stock

6 f oust on Lighting & Power C o m p q Common Stock

1/13/61 Union Pacific Railroad Company Common Capital Stock

1/16/61 Standard O i l company ( ~ e w Jersey) 600 42-114 Capital Stock

6 Texaco Inc. Capital Stock

*Includes brokerage com.issions paid. *Yield t o maturity on bonds; yield a t present indicated dividend ra te for stocks.

&;;g COMMON STOCKS (continued)

Indicated No. Market Price Total Current

Date of of Shares at which Pr incipal Yield Furchase Security Purchased Furchased Cost* on Cost** 1/16/61 United States S tee l Corporation 300 81- 112 $ 24,591.45

Common Capital Stock

1/18/61 Public Service Elec t r ic & Gas 600 45 27,249.00 4.40 Company Common Stock

1/18/61 Southern California Edison Corn- 400 69-1/2(300) 27,946.26 3.72 pany Common Stock 69-1/8( LOO)

1/20/61 Potomac Elec t r ic Power Company 700 35 24,755.50 4.07 Common Stock

1/20/61 Smith Kline & French Laboratories, 500 50 25,220.00 2.48 Inc. Common Stock

1/23/61 The Cincinnati Gas & Elec t r ic Corn- 600 38-314 23,480.28 3.83 pany Common Stock

1/23/61 The Southern Company Common Stock 500 48-7/8 24,654.70 3.04

1/25/61 Armstrong Cork Company Common Stock 500 56-3/4 28,598.40 2.80

1/25/61 Inland S tee l Company Capital Stock 600 45 (400) 27,223.88 3.53 44-7/8(200)

1/30/61 American Telephone & Telegraph 200 115-1/4 23,151.06 3.11 Company Capital Stock

1/30/61 Armco s t e e l corporation Common 300 69-3/4 21,062.94 4.27 Stock

1/30/61 The Coca-Cola Company Common Stock 300 80 24,141.00 2.98

2/1/61 The Detroit Edison Company Capital 500 50-5/8 25,532.80 4.31 Stock

2/1/61 Public Service Company of Colorado 400 71 28,584.40 2.94 Common Stock

213 & Commercial Credit Company Common 400 78 (200) 31,212.03 4.10 6/61 Stock 77-1/2( 100 )

76-3/4(100)

2/3 & Johns-Manville Corporation Common 400 61-7/8(100) 24,905.73 3.21 6/61 stock 62-r/8(roo)

61-3/4(100) 61-1/2(100)

2/6/61 Merck & Company, Inc. Comon Stock 300 87-114 26,318.19 1.82

2/6/61 Norfolk & Western Railway Company 300 103-1/4 31,122.99 4.82 Common Stock

2/8/61 General E lec t r ic Compaw Common 400 69- 1/8 27,833.64 2.87 Stock

2/8/61 Monsanto Chemical Company Common 500 48-1/4 24,340.65 2.05 Stock

*Includes brokerage commissions paid. **Yield at present indicated dividend ra te .

CO>B)lON STOCKS (continued) Indicated

Market Price Total Current a t which Principal Yield Date of of Shares ~-

Furchase Securit Furchased ??j'E%T consumers power ~ompa& common 400

Purchased Cost* on costr.+ 65-1/4(300)$ 26,257.09 3-96$ 65 (loo) Stock

2/10/61 Ohio Edison Company Common Stock 7'00

2 / 3 / 6 1 The F i r s t Rational City Bank of 100 New York Capital Stock

2/13/61 St. Paul F i re & Fmrine Insurance 100 Company Capital Stock

69-3/4 Net 6,975.00 2.06

2/13/61 Security F i r s t National Bank (LOS 200 h g e l e s ) Common Stock

67 Net 13,400.00 2.39

2/17/61 Addressograph-Multigraph Corpora- 200 t i o n Common Stock

2/17/61 The Kroger Company Common Stock 800

2/20/61 Kimberly-Clark Corporation Common 300 Stock

2/20 & Utah Parer & Light Company Common 700 21/61 Stock

2/24/61 Gulf States U t i l i t i e s Company 600 Common Stock

2/24/61 Minnesota Mining and Manufacturing 300 Company Common Stock

2/24/61 The Borden Cornpaw Capital Stock 400

2/24/61 Ph i l l i p s Petroleum Company Common 400 Stock

67- 518 Net 6,762.50 3.84 2/27/61 Chemical Bank Netr York Trust 100 Company Capital Stock

2/27/61 The F i r s t National Bank of Chicago 200 Common Stock

65-1/2 Net 13,100.00 2.44

2/27/61 United States Fidel i ty and Guar- 300 anty Company Capital Stock

50-1/2 Net 15,150.00 2.38

2/27/61 Bankers Trust Cornpaw (New ~ o r k ) 100 Capital Stock

55-314 Net 5,575.00 3.53

2/27/61 The Travelers Insurance Company 100 Capital Stock

105-3/4 Net 10,575 -00 1.51

"Includes brokerage commissions paid. **Yield a t present indicated dividend ra te .

Pages 638 and 639 are missing (Noted: May 11,2006)

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:LEASES AND EASEMENTS, --l'he Land and. Investment Commtttee has given considerat.ion to the foU.oHing applications for various leases and easements on University lands, AJ..1 are at the standard rates, unl.eso othentl.se stated, are on the Uni.versity's standard forms, 1{ith grazing leases carryl.ng provision for renewal. for an additiona,.l five years at negotiated terms, Payments for easements and. caliche permits have been reeei ved in advance, All have been approved. as to form by the land and. Tru.st Attorney and as to content by the Endowment Officer, Approval of the applications and. executi.on of the instr1l1llent invo1.ved by the Chairman of the Board. or the Endo1{ment Officer is recommended.

EASEMENTS:

1550

1.551

1552

1553

Grantee She1.1 Pipe Line Corporation

Humble Pipe Line Co. (ReneHal of No, 467)

Phillips Petroleum Co.

Shell Pipe Line Corporation

El Paso Natural Gas Company

Texas Electric Service Co,

Uni.on Texas Natural Gas Corp.

Type of Permit County Pipe Li.ne Andrews

Tank Farm Reagan

Pipe Line Andrews

Pipe Line Andre1{s

Pipe Line Crockett

Power Line Andrews

Crane

Ward

Pipe Line Upton

Location Distance or Area Sec. 27, Blk. 1

Sec. 14, Blk. II

Sees. 1, 2, Blk. 4 Secs. 5, 6, 8, Blk. 5

Sees. 13, 14, Blk.9

Sec. 29, Elk. 12

9.30 acres

271.1 rds.-3tin. li~22.8 rds.-42 lll.

434 rds.-2 in.

136.788rds. 41 .

'2 lno

Sees. 14, 15, 42, 2,863.94rds. 43, 45, 46,Blk.9; Sees. 4, 21, 22, Blk.ll; Sec. 22, Blk. 12; Sees. 11,20,21, 32,41,44, Blk.13; Sees. 8,11, Blk. 14; Sec. 29, Blk.30; Sees. 11., 12, Blk. 31; Sec. 11, Blk. 35; Sees, 4, 8, Blk. 16

Sec. 32, Blk, 3; Sees, li4~6.4 rds. 4, 5, 9, 15, 1.6, 22, 42 ln, B1.k. 22

Period Consideration 12/1/60-11./30/70 $50,00

1/24/61-1/23/71

1/1/61-12/31/70

1/1/61-12/31/70

3/1/61-2/28/71

1/1/61-1.2/31/70

2/]./61-1/31/71

930.00

629,15

108.50

68.39

1,431.97

:No, ___ Grantee '-iJi:- . 155 . Pecos County

1555 El Paso Natural Gas Coo

1.556 Pan ~erican Petroleum Corpo

1557 E1 Paso Natural Gas Co.

:1.558 Superior Oil Company

_'me ?f Permit:.,' .----=County ____ :L'2.£ation High"ay and Pecos Secs 0 2.' 5, 8, drainage 9, 12, 13, 1·7, channels 20, :BIL 21

Seeso 5, 12, 17, Elk. 21

Pipe Line Andrews Seco 31, BIL 9

Pipe Line Andrews Secso 32, 41, 42, Blk.o 13

Pipe Line Andrews Sec. 16, Bl.k.. 1

Salt Water Crockett Sec. 28, Bl1~. 46 Disposal Well

Distance or Area 1.::3<>35 acres

6083 acres

157012 rdso-3}ino

719003 rdso-4}ino

41 . 5.01.2 rds·.- 2lU.

5 acres

Peri.od. Consid.eration So 10n:-::. g::-:a:-":s::"' -::u:-:s:-:e-:;d-"-=$r~":O"_:'::':":= for highway purposes from March, 1961

3/1/61-2/28/71 50000

1/6/61-1/5/71 359052

3/1/61-2/28/71 50.00

3/1/61-2/28/71 500000

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CALICHE PERMITS

No. Grantee Comty Location Qu.antit,y Consideration

197 Gentry Construction Co., Inc. Crane Eock 30 1,482 cil.yds. $370.50

198 Frank Montgomery Andrews Block 9 588 cu.yds, 147 -00

SALT WATER DISPOSAL EASEMENT NO. lk02, TMACO INCORPOFATED, MARTIN CO'CWTY, TEXAS - PERMISSION FOR DISPOSAL OF SALT WATER FROM ANOTHICR LTIVERSITY OIL ARD GAS. LEASE.-- On October 3, 1959, the Board of Regents granted Texaco 1ncorpora.ted ari easement for 10 years covering 5 acres in Section 16, aock 7, University mds, Martin County to be used for the operation of a disposal well for salt water arid other waste products from oil and gas wells operated by Texaeo on Vniversl.ty La,nds, The easement provides that waste products from wells owned and operated.3~ ot.ker parties shall not be injected into the disposal well without the Universi$y's consent. Texaco has proposed that it be allowed to grant permission to J. L. Hamon to inject salt water and other waste products from a well operated by Mr. Hamon in the NE/4 of SE/~ of Section 12, Block 7. The University staff b.a.s granted this request and recommends that the Board of Regents grant and ratify this action.

CAMCELLATION OF P O I ~ R LINE EASEMENT NO. 766, S K E ~ Y OIL CO.W~Y: APYDREWS COUNTY.--Power Line Easement No. 766 was granted to SkeJ3.y Oil Comparry across portions of the NW/~ of Section 3, Block 10, Andrews County for the LC-year period February 1, 1956 through January 31, 1966 and full consideratior? of $72,12 was received, Notification has been received from the lessee thax t.he line has been salvaged with the request that the easement be car;celled. Such emeellatior, is recommended.

CWSITE EASEMENTS NOS, 461 AND 659, PLANT SITE EMKWNT NO. 1535, ASSIGNMENT FROM MONWAEY OIL CObP&tY TO RJM3I;E; OIL &REFINING CO1WMY.--Effective December 31, 1960, Humble Oil & Refining Company purchased acquired the major part of hfonterey Oil Company's assets and business and assumed all of Monterey's obligations with respect to the properties acquired. Among those properties are the following easemezts from the Board of Xegentx of The University of 'Z'exa?:

Camp Site Easement No. 461 - A tract of 0-62 acres out of the SW/~ of Section .l7, Elock 13, University Lands, &drew Comty for a 20-$ear period, December 1, 1950 through November 30, 1970 at a total consideration of $2: paid in advance. This easement it7as originally granted to Stanolind Oil m d Gas Compmy, was assigned in 1954 to Fullerton Oil Company, which was merged with Monterey Oil Company in 1956.

Camp Site Easement No. 659 - A tract. of 0.86 acres out of the NE/~ of Section 30, Block 13, U~iversity Lands, hdrews County for a 1-year period beginning Zliiy 1, 1954 and ending June 30, 1955, with an option to ex.tend and renev from year to year, but not to exceed a total period of 10 years, at annual rental of $50, payable in advance. Tnis easement was originally granted to Fullerton Oil and Gas Corporation, which was merged with Monterey Oil Company in 1956.

Plant. S;i:te Easeme~t %oe 1535 - A t,ract of 9,66 acres o.ut of the SE/L of N W / ~ of Section 5, 31.0ck 13, YJniversity &ads, &.drews Fourrty f3 r a l.0-year period, September 1, 1960 through ktsil . 31, 3.970, with rigkt. of renewal upon mub~a,;l,y agreea21e .terns# nt a to.:a,l cons53.erat.ior of $960 pai.d i n adsranee,

Checks i n Cke mo;;nt of $75, represezking :,he $25 a ~ . s i @ ~ . e n % fee f o r each of the easements l i s t e d , aad $3, coverfrr,g t he f i l i n g fee t o t he Comi.ssioser of the General. Office for t%,e t.hree ease me^?;^, b.ave bees r eceexd .

A.pprova1 of sceh aesigrments i s recommended.

"-4 GRAZIPJG ILEA? NO, 760, W A N 03XDTf - 4iSSIGIWWT FRO% F ? PE*E3ROOK

TO 7dA.Y SC~-EEYflZ,.;--EThis application covers assignment of Grazing Lease No. 760 t o Wa,y & Sck~.eemn, a, partnership, from Ralph Pem'srook. covering 19,515.2 acres

. .. i n Blocks 7, 8, 11. an3 1.2, Reagm Coacty for the remining ';em of .the l ea se , The lease was granted f o r a. ?-year period, January 1, L959 tb.rougk 3ecember 3.1, 1963 a t $0,50 per acre per year, payable i n semi-spa-d is?sta.17aent,s of $k,878.80 by the f i r s t day of January and W y daring she' term of ",e l ea se , No assignzuent bonus has been received, .es. Way and Nrs. S c k e e m n being the daughter and grand- daughter of & * Pe.?3rook. The General Land Office f i l i n g fee of $1, has beez received,

a,<" .*.- b.- '., ;, .:/ h-jS

GRAZING LEASE;^^^^ TO SCIsSFRElALTR CATTLE C9.WAlVY AXD GRAZING W E NO, 824 ;30 &YO-LD P. SCIrURBAeiTR - CoFE3CTION OF ACREAGE,-- A t *+.he December, 1960 meeting of the Board of Regexts, ap,groval was gfven of renew& of these two grazing leases . I n both instaaces the acreage shown ?$as Char, i n use on the lease ra ther %ha including acreage i n controversy because of bom&ry d3iisp~t~es a s had been 9 -2 previoj&% practi.ce, It i s , thereforep r.eco~~meoded.that r:he acreage i n t.bsse leases be corrected a s follows t o include s ~ c h acreage, the sen&-ar~!.ual r en t a l p8,ymeri.t~ t,o r e s i n a s shorn previoi~sLy:

Grazirg Lease no, 823 t o scharP:auer Catt.2.e Con?pasy - Correct acreage covered by Lease from 79 ,?l18.5 t o 80,201,L9.

Grazing :Lease No. 824 t o &noii P, Scharbauer - Correct acreage CO-fered j y l ea se from 24,828-6 .i:o 25,657 .2

WR1ER E"RFLQR&T.I33 PERKTI' NO, 87, ECTOR WATER Ci3M€'A,X-J9 ~~NREWS COZm'?X - EXPJRATlON OF PERMIT.--The Board of Regents, at i 2 s rnee-king of October 3, 1959 granted the Eet.cr Water Corcpany a ',,-year water ex:pl.orstion permit, withuu% charge, covering 23,682,2 acres i n :E1ock LO, Ur~iversity laads, Ar,drews County, which was assigned Doa 87, Toe period sf ex:p;.oration was Jmuary 1 through December 31., 1960 wi.L.3. ;.ease tem.s t o be ~.egct ia ted, i f a lease were entered into . We a re now a?ivi.sed, 'by a f f i d a ~ r i t of <.be President of Ector Water Company, . . t h a t no wells %rere drii.ied and no expi.oratory opera.tions conducted mder she Fer- m i . t . The expiration of %he p c m i t is reportsd f o r %e information of t a e L%ard,

PERMITS FOR PROSPECTIWG FOR POTASH !UG ALLIED MTNERALS, WIT OPTIONS TO LZASE, TO B, R, GFXATHOUSE, MIDWD, TFXAS*--The University'has received, through the law firm of StLiSheman, McRae, Sealy & Lavghlin, seven separate applications from B. R. Greathouse of Midland for prospecting permits for potash and allied minerals (potassium, sodium, phosphorous and other minerals of similar occurence and their salts and compounds, but especially excluding oil and gas), wlth each permit to carry option to lease, The proposed fees to be paid by Mr. Greathouse, checks for which have 3een received by the University, are at the rate of $0.25 per acre, The area to be covered by each permit and the fee for each permit are as follows:

Permit No. 1 - covering 4,480 acres in Crane County, Block 30, Sections 1, 2, ~ / 2 3, 11, 12, 13, ~ / 2 14, 24. Consideration $1,120,00,

Permit No. 2 - Covering 1,920 acres in Ector and Crane Countiess,310ck 39, Sections ~ / 2 5, El2 6, 10 W/2 11, ~ / 2 12. Consideration $480.00.

Permit No. 3 - Covering 11,520 acres in Andrews County, Block 1, Sections 27, 31-37 inclusive; Block 9, Sections 24-27 inclusive, E/2 34, 35-38 inclusive, ~ / 2 39, 48. Consideration $2,880,00,

Permit No, 4 - Covering 2,880 acres in Andrews County, Block LO, Sections 21, w/2 22, w/2 27, 28, 33, ~ / 2 34. Consideration $720.00.

Permit No, 5 - Covering 5,760 acres in Ward and Winkler Countigs, Block 17, Sections 9-12 inclusive; Winkler County, Block 21, Sections 38, 39, 45, 46, 47. Consideration $1,440,00,

Permit NO. 6 - Ccvering 3,840 acres in Willkler County, Block 21, Sections 2, 3, 4, 9, 10, 11, Consideration $960.00.

Permit No. 7 - Covering 5,587 acres in Loving County, Block 19, Sections 2-10 inclusive. Consideration $1,396 -75.

Each of the permit forms carries the sane terms, and the lease form to be executed by the University and &. Greathouse, when and if the option to lease mder any permit is exercised, is in the same form as to aU. permits.

The principal provisions of each Potash and Allied Minerals Permit and of the lease form are as follows:

PROSPECTING PEWLST

1. The permit is to be for a period of two years, reciting payment by the Permittee of $0.25 per acre as consideration for granting of the permit.

2 Rental of $0,10 per acre for the total acreage covered by the permit will he pa.id to the Uni~iersity at the begbaing of the second year of the permit, except that Permittee at any tl.me during the term of the permit may release alZ or part of the lands under each pemit.

3. Permittee will have the right to conduct swface and aerial surveys on the lands covered., and the exclusive Pi&t to test and explore for potash and allied minerals. No gravity meters, magnetometers, seismological or other geophysical instrwnents or equipment may be used,

4. Permittee will furnish University full information, as set out in detail in the Permit obtained from survey and exploration work,

5. Adequate provisions for the protection of the University as to use of the surface and as to surface damage are carried in the permit form, and Permittee will, within 30 days after execution of each permit, deposit with the Universif,y $500 for each permit to guarantee performance of ali obliga$ions to the Vniversi.ty.

6. Permittee is to be granted exclusive right to lease at any time during term of the prospecting permit a11 or any part of the Permit Lands, according to the terms of the lease form attached to each permit. More than one lease may be made under any permit but no lease may exceed b sections and the sections must be contiguous.

7. Permittee may not assign his rights under the permit in whole or in part without the prior written consent of the University*

W E FORM -- 1, The lease is for 'the purpose of exploring for, mining, developing

and producing potassim, sodium,phosphorous and other minerals of similar occurrence and their salts and compounds (but especially excluding oil and gas) and wiil be for a primary term of 10 years with a bonus of $5 per acre, each lease not to cover more than 4 contiguous sections.

2. Lessee will invest in actual. explorations, development or improvements upon the leased land a minimum of $30,000 with at least one-third to be expended during the first year Sf the lease and a like proportion each of the two succeeding years.

3 . Royalty. Royalty to be paid the University will be 5$ of the gross value of the output of the minerals at the point of shipment to market. Beginning with the fourth year of the lease, a minimum of $2,500 royalty will be paid annually.

4. Rental. One year from date of lease, lessee will pay annual rental of $0.50 per acre to cover the second year of the lease and pay annual rental at the same rate for the third, fourth and fifth years of the lease and $1.00 per acre annually in advance thereafter unless the royalty received during the preceding year shall equal or exceed the amount of annual rental.

5. Lessee will furnish bond in the sum of $50,000, with sureties acceptable to the University, conditioned upon compliance with the terms of the lease.

6. Tne lease carries. provisions satisfactory to the University regarding information to be furnished to the University , use of surface, and similar matters.

All terms of the proposals have been reviewed and approved by the Geologist-in-Charge of University Lands and acceptance of the proposals is recommended by the University staff. It is, therefore, recommended that these seven Potash and Allied Minerals Prospecting Permits, with options to lease, be granted and that the Chairman of the Board of Regents be authorized to execute the instruments after approval as to form by the Land and Trust Attorney and as to content by the Endowment Officer.

UNIVERSITY FUND--BOND me--

UNIVERSITY FUIKI BOJSIX, SWIRS 1961 - SELECTIOB OF BOND C0UMSEL.--So that preliminary work for issuance of Board of Regents of The University of Texab P e m e n t Fund Bonds, Series 1961, expected t o be sold i n June or July of th i s year, can progress, it is recommended that the Board of Regents select bond counsel for the 1961 Series a t t h i s time. Recommenda- tions as t o the amount of the issue, and related details, wi l l be submitted i n due course.

The firm of McCall, Pa'rkhurst, Crowe, McCall & Horton of D d h s served as counsel on the 1949 Permanent Fund Bonds, the refunding of the 1949 Permanent Fund Bonds, and on the Series 19.959 issue of bonds. The firm of Vinson, Elkins, Weems and Searls of Houston served as bond counsel on the Board of Regents 1960 Permanent Fund Bonds. !The Board of Directors of Texas A & M College did not s e l l bonds i n 1960 but plan a joint sa le with the University i n 1961. The A & M Board of Directors has recently sfiected McCall, Parkhurst, Crowe, McCall & Horton as counsel for thei r 1961 issue, the firm having handled all of the A & M Permanent Fund Bonds.

It i s recommended that the Board of Regents employ the firm of McCall, Parkhurst, Crowe, McCall & Horton for i ts ~ 9 6 1 s e r i e s of Permanent Fund Bonds, the fee arrangement t o be presented t o the'Board of Regents a t a l a t e r date for approval :

P

" G4? TRUST A'JD SPECIAL FUNDS -- INVESDENT MATTERS.--

REPORT OF PURCHASES NJD SALES OF SECURITIES.--The fo l l a r ing purchases and sa les of secur i t i es have been made for t he Trust and Special Funds since the meeting of January 17, 1961. We ask t h a t t he Board ra t iSy and approve these transactions:

PURCHASE OF SECURITIES

Date Security Pr incipal Cost 12/22/60 30/100ths f rac t iona l i n t e r e s t i n share of The Dow Chemical

Company Common Stock t o complete ex t r a share received i n 210 stock dividend $ 22.12

(Funds Grouped f o r Investment)

1/6/61 $28,000 par value U, S. 4-7/8$ Treasury Notes of Series C-1963, dated 11/15/59, due 11/15/63, purchased a t 104.75 Net t o y i e ld 3.1476 t o maturity 29,330.00

(Temporary Investment - Interscholast ic Lea$ue Funds - Football Account )

$19,000 par value U. S. 3-1/2$ Treasury Bonds of 1998, dated 10/3/60, due ll/15/98, purchased a t 91.9375 Net t o y i e ld 3.91% t o maturity 17,468.13

(Student Property Deposit Scholarship Fund)

$2,000 par value U. S. 2-11276 Treasury Bonds of 1961, dated 2/15/54, due 11/15/61, purchased a t 100 Net t o y i e ld 2.5076 t o maturity 2,000.00

(Murray Case Se l l s Foundation Student Loan Fund)

1/10 & 400 Shares Baltimore Gas & Elec t r ic Company Common Stock, 11/61 purchased at 29 11,734.00

400 Shares Oklahoma Gas & Elec t r ic Company Common Stock, purchased a t 35-112 14,347.00

300 Shares Philadelphia Elec t r ic Company Common Stock, purchased a t 52-314 15,957-84

(Iiogg Foundation: Varner Properties)

1/10/61 100 Shares Potomac Elec t r ic Power Compaw Common Stock, purchased a t 33-314 3,4i0,88

100 Shares Public Service Elec t r ic and G a s Company Common Stock, purchased a t 44-718 4,528,94

(Funds Grouped f o r Investment)

200 Shares Public Service Elec t r ic and Gas Company Common Stock. ourchased a t 44-7/8 99057.88

100 Sha>es Standard O i l company (rtew Jersey) Capital Stock, purchased a t 42-718 4,327.94

(The James W. McLaughlin Fe l lmship Fund - Reseme fo r Depletion - Medical ranch)

1/19/61 64/100ths f rac t iona l i n t e r e s t i n share of Gulf O i l Corporation Capital Stock t o complete extra share received i n 376 stock dividend

(Funds Grouped f o r Investment )

1/24/61 ;bl0,000 par value Dallas Independent School D i s t r i c t 2-1/4$ School- house Bonds, Series 1955, dated 6/1/55, due 6/1/74, purchased a t 86.282 Net t o y i e ld 3.55% t o maturity 8,628.20

(Albert Sidney k r l e s o n Loan-Scholarship Fund)

1/26 & 300 Shares h c o S tee l Corporation Common Stock, purchased a t 69 20,837.70 27/61 300 Shares Corn Products Company Common Stock, purchased a t 81-114 24,516.39

400 Shares Public Service Elec t r ic and Gas Company Common Stock, purchased 300 a t 47-118 and 100 a t 47 ig, 007.68

400 Shares Socony Mobil O i l Company, Inc. Capital Stock, purchased 100 a t 43-114 and 300 a t 44 17,688.63

( ~ o g g Foundation: W. C, Hogg Estate Fund)

PURCHASE OF SECURITIES ( ~ o n t inued)

Date Security Fr incipal Cost

1/26 & 400 Shares Bank of America National Trust & Savings Association 27/61 Common Capital Stock, purchased a t 50-3/4 $Jet $ 20,300.00

300 Shares Chemical Bank New York Trust Company Capital Stock, purchased a t 63-114 Net 18,975.00

(Hogg Foundation: W. C. Hogg Estate F'und)

1/27/61 $86,000 par value U. S. 3-1/8$ Treasury Cer t i f ica tes of Indebted- ness of Series C-1961, dated 8/15/60, due 8/1/61, purchased at 100.375 N e t t o y i e ld 2.35% t o maturity 86,322.50

$110,000 par value U, S. 4$ Treasury Notes of Series B-1962, dated 9/26/57, due 8/15/62, purchased a t 101.75 Net t o y i e ld 2.854'3 t o maturity 111,925.00

$138,000 gar value U. S. 2-I/& Treasury Bonds of 1963, dated 12/17/54, due 8/15/63, purchased a t 98.28125 Net t o y i e ld 3,2& t o maturity 135,628.13

$51,000 par value U, S. 57'0 Treasury Notes of Series B-1964, dated 10/15/59, due 8/15/64, purchased a t 104.9375 Net t o y i e ld 3.5% t o maturity 53,518.13

$43,000 par value U. S. 4-5189'0 Treasury ITotes of Series A-1965, dated 5/15/60, due 5/15/63, purchased a t 103.9375 Net t o y i e ld 3.65$ t o maturity 44,693.13

$3 5, 000 par value U. S. 3$ Treasury Bonds of 1966, dated 2/28/58, due 8/15/66, purchased a t 997.5625 N e t t o y i e ld 3.45$ t o maturity 34,146.88

$32,000 par value U. S. 2-I/$ Treasury Bonds of 1967-62, dated 5/5/42, due 6/15/67-62, purchased a t 93.875 Net t o y i e ld 3.55% t o matlxity 30,040.00

(College of Engineering Ford Foundation G r a n t - Various Purposes)

2/6/61 200 Shares Armco Stee l Corporation Common Stock, purchased at 69-112 W,991.90

300 Shares Monsanto Chemical Cowany Common Stock, purchased at 47- 5 1'8 14,415.93

1OOsheses National Biscuit Company Common Stock, purchased a t 76-5/8 7,709.16

400 Shares Ohio Edison Company Comon Stock, purchased at 37-318 159 100.76 200 Shares Phi l l ips Petroleum Company Common Stock, purchased at

q8- 518 , 11,814.72 300 Shares Public Service Elec t r ic and Gas Company Comon Stock,

purchased a t 48-518 14,717-43 200 Shares Southern California Edison Company Common Stock,

purchased a t 72 14,492.40 (University Cancer Foundation - M. D. Anderson Hospital and Tumor I n s t i t u t e )

2/8/61 $78,000 par value U. S. 4-518% Treasury Notes of Series A-1965, dated 5/15/60, due 5/15/65, purchased a t 103.9375 Net t o y i e ld 3.6& t o maturity 81,071,2 5

(Student Union Revenue Bonds, Series 1958 - Reserve f o r Bond and In t e re s t Sinking ~ u n d )

$35,000 par value Ditto 36,378.13 (Dormitory Revenue Bonds, Series 1956 - Reserve f o r Bond and In t e re s t Sinking Fund)

$11,000 par value Ditto 11,433.12 h he University of Texas ( ~ e d i c a l ranch) Dormitory Revenue Bonds, Series 1955 - Reserve f o r Bond and In t e re s t Sinking Fund)

2/10/61 29/50tns f r ac t iona l i n t e r e s t i n share of Texaco Inc. Capital Stock t o complete ex t ra share received i n 2$ stock dividend

( ~ u n d s Grouped f o r Investment)

PUIICHASE OF SECURITIES ( Continued)

Date 2/13/61

Date

12/22/60

Security Principal Cost 200 Shares G u l f States U t i l i t i e s Company Common Stock, purchased

a t 37-1/2 $: 79575.50 ( ~ n i v e r s i t y Cancer Foundation - M. D. Anderson Hospital and Tumor I n s t i t u t e )

SALES OF SECURITIES

Security Net Proceeds I

16/100ths r rac t iona l i n t e re s t i n share of The D a r Chemical Company Common Stock received i n 2$ stock dividend $ 11.80

(Hogg Foundation: W. C. Hogg Estate Rmd)

16/100ths f rac t iona l i n t e re s t Dit to ( W i l l C. Hogg Memorial Scholarships Fund)

i6/100ths f rac t iona l i n t e re s t Dit to (Wilbur S, Davidson Educational Fwd)

ii. 79

92/100ths f rac t iona l i n t e re s t i n share of Gulf O i l Corporation Capital Stock received i n 3% st,ock dividend 31.44

(Hogg Foundation: W. C, Hogg Estate F'und)

28/100ths f r a e t i o n d interest . Di t to (Rosalie B. H i t e Endovment for Cancer Research)

36/100ths fracSiona1 in t e re s t Dit to (Wilbur S. Davidson Educational Fund)

700 Shares Phelps Dodge Corporation Capital Stock, sold 200 a t 50-3/8 and 500 at 50 (Gain on s a l e over book value $14,328,40) 34,724,1;7

(Hogg Foundation: W, C, Hogg Estate Fund)

76/100ths f rac t iona l i n t e re s t i n share of Monsanto Chemical Coapany Common Stock received i n 2$ stock dividend 3 4 ~ 7 7

(Funds Grouped for Investment)

48/-: rOOths f rac t iona l i n t e re s t Dit to (Rehabi.litation Clinic Endovment Fund - Medical Branch)

36/i00ths f rac t iona l i n t e re s t i n share of The Goodyear Tire and Rubber Compaqy Cmimon Stock received i n 2$ stock dividend 12.61

(Hogg Fo?mndatiou: Varner Properties)

75 Shares Del.hi-Taylor O i l Corporation Comon Stock, sold a t 13-7/8 1,022.57

o of ford Cain Gift - Furnishings f o r Chancellor-elect Ransom's Home )

24/50ths f r a c t i o r ~ l i n t e re s t i n share of Texaco Inc. Capital Stock recei~red i n 2% stock dividend

(Hogg Founclat.ion: W , C. Hogg Estate Fund)

26/50ths f rac t iona l ir i terest Dit to (E. D. Farmer International Scholarship Fund)

2/50t.hs f rac t iona l i n t e re s t Dit to (university Cancer Foundatfor - M. D. Anderson Hospital and Tumor I n s t i t u t e j

?5/50ths f rac t iona l interest; Dit.t,o (Tne W i l l . i a n n H?uemarffl Fund fo r Cancer Research - M. D. Anderson Hospital and Tumor ~ n s t i k u t e )

SALES OF SECURITIES ( continued)

Date Security Met Eroceeds

2/20/61 k2/100ths f ract ional i n t e re s t i n share of Pittsburgh Pla te Glass Company Capital Stock received i n 2$ stock dividend $ 31.08

( ~ o g g Foundation: W. C. Hogg Estate ~ u n d )

2/21/61 20/40ths f rac t iona l i n t e re s t i n share of American Electr ic Parer Company, Inc. Common Stock received i n 2-11276 stock dividend 32.32

(Hogg Foundation: W. C. Hogg Estate F'und)

SALE MADE BY THE REPUBLIC NATIONAL EWK, TRUSTEE OF LILA BELLE E m m ESTATE

(At request of Endowment off icer)

Date Security Net Proceeds

2/20/61 1,437 Shares Employers Casualty Company Common Stock ($37,887.11 l e s s t ru s t ee l s fee t o the bank of 1$ on dis t r ibu- t i ons - $378,87)(~ain on sa l e over book value $7,757.91) $ 379 508e30

( sa l e necessary t o provide funds for University appropriations made by the Board of Regents out of t h e Et te r Estate)

TRUST AND SPE~IAL KMDS--GIFT, BEQUEST M D ESTATE MATTERS.r- P a , i-- 0 ~?..-+-,..,,'

.,'? "I,, F"p>.::-J

MAIN m I m s I m - SHIRLEY R. GREEN FELTAIWSHIP FOR GIRLS - RECOMMENDA- TION FOR CHARGING OFF NOTE ESTABLISHING FUND AND CANCELLING FELI0WSHIP.--On July 31, 1903, Mr. A. C. Green of Palestine, Texas, executed a note for $5,000, payable on or before his death, with interest at 5% 4per annum. !!%e interest was payable on Septenfoer 1 of each year, beginning in 1903, and the note was for the purpose of establishing a fellowship for girls at the W i n University of $250 per year as a memorial to his sister, Miss Shirley R. Green. The fellowship was established and the note accepted by the Board of Regents at its meeting of August 3, 1903. Interest on the note was paid in full by Mr. Green to September 1, 1914 and $50 paid on interest for 1915. Presumably the fellowship was awarded during those years. No further interest was paid after that date and the only assets of the fund have been the note held by the University. The note and the account are still carried on the books of the University though the fellowship has been inactive. It has now been ascertained that Mr. Green died in 1923 or 1924, his w i l l was probated in 1924, and the estat;e was insolvent. It is, therefore, recommended that this fellowship be cancelled and the note written off the University's books.

MEDICAL BRANCH - VIOIA F. CORLEY ESTATE - REPORT ON s m OF FARM PROPERTY, LIMESTONE COUmTY, TEXAS, AND FINAL DISTRIB~ION OF ESTATE.--On September 24, 1960, the Board of Regents accepted a purchase offer covering its interest of

in 443 acres of land and improvements in Limestone County, Texas and authorized execution of a contract of sale and deed by the Chairman. The deed dated November 18, 1960 was executed by the Chat-, as well as by individual beneficiaries of the estate, and the sale was closed. Check in the amount of $2,764.09 covering final cash distribution due the University has been received and forwarded to the Medical Branch for the Viola Whatley Fontaine Corley Fund for the Encourage- ment of the Study of Psychiatry as provided in the will and in action of the Board of Regents on January 23, 1960. In February, 1960, check in the amount of $1,706.32 covering the University's share in a life insurance trust was received and forwarded to the Medical Branch, and $824.07 in October, 1960 for sale of two lots in Mexia, making a total of $5,294.48.

In the sale of the Limestone County property, there was a royalty reservation so that the University owns a non-participating royalty interest of

of 1/32 for a period of ten years from date of the deed.

~.: 9 3 i.. I < ..

DENTAL BRANCH - ESTATE OF AMELU S. McCARTHY - REPORT ON FINAL - ' DISTRIBLTTI0N.--At the September 24, 1960 meeting of the Board of Regents, the bequest to the Dental Branch from the Estate of Mrs. Amelia Scherer McCarthy of $10,000 or 5% of her estate, whichever amount was smaller, was reported and accepted by the Board for the establishment of an endowment account to be known as the Amelia McCarthy Memorial Fund for Dr. Walter Henry Scherer. At that time preliminary distribution of $5,000 had been received. We have now received final distribution of $5,000 which is being added to the above endowment account in Funds Grouped for Investment as of bilarch 1, 1961. Income from the endowment account will be used as provided in the will "in the School of Dentistry. . . in any mmner as the Dean of the Dental School may determine."

.Me D, ANDERSON HOSPITAL AND TUMOR INSTITUiCE - ESTATE OF MARY ISABELLA MVE - FINAL DISTRIBVYION AND RECOMMEIDATION FOR RATIFICATION OF SALE OF MINERALS.-- The residue of the estate of Miss Mary 1sabeU.a Love was devised to the M. D. &derson Hospital and Tumor Institute "to be used as a research fund to aid in the study of cancer of the blood and lymph glands." Miss Love died in 1956, a.ad the bequest was reported to the Board of Regents at its meeting of June 1, 1956. Receipt of the sum of $20,000 was reported to the meeting of October 11, 1957, $15,000 of which has been used to establish an endowment account entitled "Mary Isabella Love Fund for Research of Cancer of the Blood." The proposal to sell the mineral interests of the estate to the family of Miss Love for the sum of $1,800 and proceed with necessary steps for the closing of the estate was approved by the Board of Regents at its meeting of mrch 12, 1960,

A finq distribution in the amount of $8,054.96, which includes $1,800 for the mineral interests referred to above, has been received and added to the endowment account, Upon request by the attorney for the Executors, and with the approval of the Land and Trust Attorney and the Endowment Officer, the Chairma2 of the Board of Regents has executed on behalf of the Board quitclaim deeds covering the mineral interests in further support of the Board's consent in the sale of the minerals. It is rewmmended that the Board of Regents approve and ratify all of these actions.

. , m i ..RIET M E SPECIAL FUNE--REAL ES2lTE MA!EERSo-- S d

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ARCHER M, EdDTINGTOX NUSE'JM F W D - OIL AND CiAS LEASE TO THE BRITISH- AMERICAN OIL PRODUCING COMPAXY - REw'EST FOR F'EkNISSION TO DREEE CH!AEKEL.-- By instrument. dated December 27, 1.960 as authorized by the Boa.rd of Regents on December 10, 1960, an oi.1, gas and mineral lease was entered into by Yle British- American Oil Producing Company covering 1,140 acres in the H. B. Littlefield Survey, Galveston County. British-American plans to dril.1 a well on thks acreage, the site as tentatively selected being approximately 1,019 feet from th.e Univer- sity's Bay shore line, approximately due east from the northernmost neck ~f Swan Lake and approximately 3,000 feet south of the Texas City Barge Canal. The proposed drillsite is on marsby ground, and access by land is somewhat difficult. Sritish-American proposes to ise a barge rig for the drilling and requests permission from the Board of Regents to &edge a charanel to approximatel.y 7 feet below mean low water into the &ill.site, The channel will extend on out in the Bay to provide barge access, The chamel on University land will be approximately 70 feet wide except for the &ilLstie end of the channel where it will be 200 feet wide for a distance of about 500 feet,

It is recommended that the Endowment Officer be authorized to notify Sritish-American that the Board of Regents grants permission for dredging the channel with the understanding that it will be filled back, upon requ'est by the University, not later than the termination of the British-Americarn lease, the continued use of the charnel after the dxilling of this first well to be arrived at by mutual agreement, depending on production results and other mutual consider- ations,

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HOGG FOiJMDATION: VARNER PROFXRTIES, ROSSONIAN PROPERTY ON WAZKER ??.*~' - AVEfu'lJE BETWEEN FANXIN AND SAN SACINTO, HOUSTON, TEXAS - REPORT ON OFTION TO MR, I$ELVIN SILVERMAN FOR PUFCHASE.--As authorized by the Board of Regents or October 22, 1960, an agreement dated November 29, 1960 was entered into with Mr. Melvin Silverman granting him for a period of 90 ciays an option to pwchase the Eogg Foundation pr0pert.y on Walker Avenue in Houston for $1,000,7000 cash. Mr. Siiverman paid $500 for the option, The option expired on January 20 without being exercised by Mr,.Silverman. By letter of January 20 to University, Mr. Silverman requested an extension of 60 days. He was notified that an extension could be granted only by t'he Board of Regents at a regular neeting, that it was doubtful that an extension could .be obtained, and tha$ he mi&% consider making a firm offer to purchase the property for $l,000,000 supported by earnest money. There has been no further word from mi Siiverman, and this is a report for information purposes only.

.. - HOGG FOUNDATION: W, e', HO'G MEMORIAL FUND - PROPOSAL. FOR OIL AND GAS LEASE TO C, E, MBDOCK, SR., ON ARWSAS MINERAL PROPERTY NO. 3, LllION COTJNTY, ARKANSAS.--The University, as Trustee of the Hogg Foundation, has received a proposal thpough Mr, Wm. E* Ferguson for an oil and gas lease to C. E, Murd.ock, Sr., on 106 acres in iznion County, Arkansas. Of the 106 acres, 66 are in Section 8, Township 16 under which the 'University owns 7/128ths interest, 3/128ths as Trustee under the will 6f Tom Hogg, the Board of Regents having acquired by exchange Mrs, Margaret Wells Hoggss life interest in June, 1959, and 4/128ths as Trustee m&r ?;he will of W. C. Hogg; under 40 acres in Section 9, Township 16, the University owns 7/64ths, 3/64ths under the exchange cited above, and 4/64ths under the wiU of W. C. Hogg.

The lease is to be for a primary term of one year from January 10, 1961, carries no cash consideration, but does provide for an overriding royalty of 1/16th of 718th~ in addition &o the customary 1/8th royalty. Miss Ima Hogg and Mrs. Alice N o Hanszen haw executed t.he lease under these terms covering their interests in the property.

It is recommended Ynat the Board of Regents approve the lease and authorize its execution by the Chairman when approved as to form by the Land and Trust Attorney and as to conterxt by the Endowment Officer.

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HOGG FO~ATIOIV: -WILL c. HOGG =RIAL FUND - J O I ~ IN R O Y A I P ~ ~ UNITIZATION AGFSZMEEC, T R E W O "A" UNIT, ESCOW FIELD, !?DATA COUNTY, TEXAS SUKRAY M I D - C O N T ~ OIL COMPANY, OPERA!POR.--As Trustee of the Will C. Hogg Memorial Fund, the Board of Regents had 1/128th (.0078125) royalty interest under acreage in the Escobas FieZd, Zapata County. Sunray Mid-Continent Oil Company, which owns all of the working interest under the acreage involved,

C is in process of unitizing 567 acres as to production from the Second Mirando Sasd,,or a depth of 3,500 feet, for purposes of secondary recovery by water flooding. The operator estimates recovery of 1,540,000 barrels of secondary oil. The Hogg Foundation interest will be 1/128th of production from the entire unit. Recently, without secon&sry recovery, receipts from the Hogg Foundation royalty under the unitized acreage have been nroning at approximately $20 per month. It is recommended that the Board of Regents join in the agreement and authorize the execution by its Chairman of the appropriate instrument when approved as to form by the Land and Trust Attorney and as to content by the Endowment Officer.

TEXAS WES& C O ~ E - CO!!2OU TFIWI! - CANCELLATION OF CONTRACT WITH COLES-BROlXE3S.--A contract with J. F. Coles and Otis C. Coles, doing business under the name of Coles Bros., was exec-glied on Septembar 29, 1938 for them to act as agents in thr rental, management or sale of property of the Cotton Trust in El Paso, Hudspeth, and Culberson Counties. The contract was revised in 1959. After a recitation of the services to be performed and method of payment, providing a five per cent (58) commission to Coles Bros., it is provided "This agreement is terminable at any time by either party hereto by notice in writing .delivered either to the General Agent (President of Texas Western college) or to the person constituting Party of the Second Part. (Coles Bros .)"

Mr. J. F. Coles died several years ago and Mr. Otis C. Coles has died I

since the meeting of. the Board &n El Paso in December, 1960. It has been understood that the agreement probably would be terminated when Mr. Otis Coles was 8

no longer active in the business. I President Ray and Central Administration recommend that the Board of

Regents terminate the agreement, and Mr. Otis C. Coles, Jr. has been advised of recommendation for such termination. I

There are ll leases on property in'the Cotton Addltion in El Paso made through Coles Bros. asd bearing a commission payrble to Coles Bros. as rental payments are received. Total monthly rental uader these leases is $2,293.89 I

and monthly commission payable to Coles Bros, is $ll4.69. The recommendation for cancellation of the contract is with the understanding that commission due Coles Bros. wil l continue during the terms of the resBective leases. Rentals under these leases will henceforth be paid direct by the tenants to the Business ..- Manager of Texas Western College, and the Business Hmager will remit to Coles Bros., or the successor to its rights to the commissions, all commissions due to be paid.

It is therefore recommended that the contract with Coles Bros. be terminated, effective April 30, 1961, and that President Ray be authorized to advise the firm of such action by the Board of Regents.

TMAS WESTERN COIJXGE - C m I i TRUST - ADVISORY GOMMITTEE. --At the October 22, 1960 meeting of the Board of Regents a special committee of El Paso citizens was named aa an Advisory Committee on trhe Cotton Estate Property. One of the persons named was Mr. Otis C. Coles, now deceased. It is recommended *- 1 S b that Mr, Otis C. Coles, Jr., be named a member of that Advisory Committee to take the place of his father. 1

-WCICAL BMCB - JAWS W, McLALGBLIM FEISOWSKIF FbVD - EXXHAJTGE OF @DIYXW XIGETS YmDER TWO TRACTS, RANGE.LY FIELE, R I O BUNCO CYuXTTY, CO?dRADOe-- ITpon completion of t,he administratior on the Estate of A, C . Mc~aughiin i n 1956, the Colorado portion of the e s t a t e delivered t o the University f o r the James W. McLaugkLin FeUowship Fund a t the Medical.Branch inc1.uded cer ta in mineral r igh ts wd.er two t r a c t s i n the Rangely Field a t F.angel.y, Colorado, a s well a s other interests i n t'he same f i e l d .

3ne t r a c t comprises 280 acres out of Sectinns 28 and 33 i n Township 2 Worth, Range LO2 West, 6 P, M, A t t h e time of h i s death in . 1952, A. C . M c b q b l i n held o i l and gas lease dated January 1, 1948 from h i s children a s lessors covering the o i l and gas r igh t s from the surface of the ground t o the top of the Mowry Shale (a depth of approximately 2,500 f ee t ) . The lease was for a t e r n of 20 years and so long thereaf te r a s o i l o r gas is produced, Shortly a f t e r the execution of the iease, A. C . Mchughlin entered in to an or& agreement with California O i l Grwap, ';a;d,, i n which Stuar% McLaughl,in, son of A - C . McLaugLin, was and s t i l l i s the general partner pr incipal owner, for the operation of t'?e lea.se by the partnership. A, C. MeLaughlin and California 0i . l Group, E d , s h r e d eqm:Lly the expenses of operat.ion and t,he income from production. This operating arrangeme& has been continued since the University acquired the in t e re s t . A total. of 33 wells have been d r i l l e d on t h i s lease, a l l of the production being shale o i l , and the lease was quite prof i table i n the e a r l i e r yea.rs. Net t.o the University during our f i s c a l year ended August. 31., 1957 was approx:i~.%f;ely $lk,000 3ut declined t o around $2,800 the fo1:~owing year, then t o $2,300 and then t o approximate1.y $800 i n the f i s c a l year ended Au,gust 31, 1960. A t present there a r e only two producing wells, but production has 'been obtained i n one o r two wells d r i l l e d on an adjoining lease; and California O i l . Group i s anxious t o do additional d r i l l i n g on the McIaugbl.in lease.

The other of the two i n t e r e s t s i s under 400 acres out of Secti.ons 33 and 3k, Township 2 North, Range LO2 West, 6 P. M. A. C , McLaughLin owned tke mineral rights from the surface t o a depth of 2,500 f e e t a.nd i n 194.0 entered in to an agreement with h i s son, Stuar t McLaughlin, giving Stuar t the operating rights, with S t m r t t o assume a l l development expenses and pay A, C , McLaugBlin 1 5 cents per 'barrel on o i l produeed from the t r a c t , Operations continued under t h i s agreement, a ~ d i n recent years these operations have been conducted. by California O i l . Group, Ltd., the partnership referred t o above, Approximately 60 wel3.s have keen d r i l l e d on this property. However, 0d.y about 5 wells oow produce, and production from these i s down t o aa average of only about one barrel. per well. per day. The 1 5 cents per baprel royalty has brought. the University a l i t t l e over $600 i n our fisca.i year ended August 31, 1957, decl.ining t o s l i gh t ly under $500 i n the f i s c a l year ended August 31, 19.60. California O i l Group, Ltd. plans some reworking expendi tkes on some of these wells and possibly wi1.1. d r i l l one o r two more wells in, the near fui-,me.

So as t o remove the University from i t s share inope ra t ions on the "A, C. MeLaughlin, Jr, Lease", Seing t h e first deseriSed above, and &low the California 9 i l Group, Ltd, t o do the addi t ional d r i l l i n g without looking t o the IJniversity for it.s one-half of costs, M r e Stllart MeTau@in has proposed t h a t the 'iniversity exchange its 50 per cent working t a t e r e s t i n the A, C . McLaughiin, Jr, Lease f o r an overriding royalty in t e re s t of 5 per cent of f /8ths of production from t h a t lease and fo r a? increase of the royalty owned by the University under the "A. C , McLaumin Fee Lease", the second i ~ t e r e s t described above, from the present 1 5 cents per b a r r e l t o a s t r a igh t 1/8th royaxy i n t e r e s t ,

After 6ue consideration the Zniversity s t a f f reeomends:that t h i s proposal be accepted., taking illr;o accc'mt the age and nature of the pro&uction under both leases, and par t ieu iar ly the advantage of disposing of a working in t e re s t i n Colorado f o r roya1t.y. In December, 1954, the 3oard of Regents approved a ten ta t ive agreement with M r , S tuar t McLaug.hlin:lTor exchanges and conversions covering some of these in t e re s t s i n the Rangely Field, in.clu.ding

the two tracts covered by the present proposal. However, that tentative agreement was not pursued by Mr. Stuart McLaughlln. The University mads inquiries later ragarding the matter, but the mstter has not been pressed.

It is recommended that the Board of Regents accept this proposal, and that its Chairman be authorized to execute the appropriate instruments when approved as to form by 3ihe Land and Trust Attorney and as to contkt by the Endovment Officer.

HOGGFOUI~TIO%!~. c. H ~ G O ~ R I A L F O N D A ~ M M E H O G G M E M O R I A L F O N D - USE OF FQRTION OF bEbDRIAL PARK FOR SlVWB AIiD ROAD FURFQSES.--By instrument dated November 5, 1959, authorized by the Board of Regents on Jan~my 23, 1960, the Board of Regents as Trustee of the W. C. Hogg Memorial Fund and the Mike Hogg Memorial Fund joined with Miss Ima Hogg, Mrs. Hsnszen, and Mra. Margaret Hogg in consent to the City of Houston for the use of certain portions of Memorial Park in Houston by the City and the State for street and road purposes. This was for the purpose of construction of the West Loop Freeway. It has now been discovered by the City that approximately U,000 square feet, which w i l l be an addition to Tract NoJo. 355 described in the 1959 instrument, is required and not covered by the prior consent. Miss Hogg, Mrs. Hanszen, and Mrs. Margaret Hogg are joining in an instrument of consent covering this additional area, and it is recommended that the Board of Regents give its consent and authorize the execution of the appropriate instrument by its Chairman when approved as to form by the Land and Trust Attorney and as to content by the Endowment Officer.

Documents

MINUTES OF THE BOARD OF, R~GENTS OF i: THE UNIVERSITY … · is no conflict of interest, has been approved by the Senate committee. 5. Senate Concurrent Resolution No. Ii, (House