MINUTES OF THE MEETING of the FINANCE COMMITTEE July 21,1966

Transcription

1 MNUTES OF THE MEETNG of the FNANCE COMMTTEE July 21, The Fnance Commttee convened at Oakland Unversty at 10:00 a.m. The followng members were present: Messrs. Harlan, Hartman, Huff, Stevens; Presdent Hannah, Treasurer May, and Secretary Bresln Absent: Mr. Nsbet, Mr. Whte. nvestment tems 1 1. nvestment recommendatons from Scudder, Stevens & Clark and Mr. Earl Cress, as follows: Retrement Fund - Approx. Amount Securty Prce Prncpal ncome Yeld Recommend sellng: $260,000 U.S. Treasury 4 7/8s-8/15/67 (Holdng $455,000) $100 $260,000 $12, % Recommend purchasng 1,400 shs Unted Shoe Machnery $ shs nternatonal Busness Machnes ,500 shs Montgomery Ward ,600 71,200 95,000 $255,800 3, c , $ 6, o* Consoldated nvestment Fund Recommend sellng: $5,000 U.S. Treasury 4%s-5/15/67 $26,000 U.S. Treasury 3 3/4s-8/15/ T950, = 5.2 Recommend purchasng: 500 shs Montgomery Ward 250 shs Unted Shoe Machnery $ , c 16, c $35,000 $ 1, , Jenson Fund 1 Recommend sellng: $35,000 U.S. Treasury 3 3/4s-8/15/67 $15,000 U.S. Treasury 3 7/8s-ll/15/ $34,300 $1,313 5.G7c 13, $48,250 $ 1, %* Recommend purchasng: 100 shs Natonal Cash Regster $1.20 (Holdng 158) 500 shs Montgomery Ward shs Unted Shoe Machnery 2.50 Harry L. Conrad Fund $8, %. 19, % 19, $46,700 $ 1, %* Recommend sellng: $2,000 U.S. Treasury 5s-ll/15/ $ 2,000 $ % Recommend purchasng: 30 shs Unted Shoe Machnery $2.50 Fred A. and Eva G. Smonsen Scholarshp Fund 64 1, o 1 Recommend sellng: $2,000 U.S. Treasury 5s-ll/15/70 (Holdng $5,000) Recommend purchasng: 30 shs Unted Shoe Machnery $2.50 H.W. Klare and E. A. Klare Trust Fund Recommend sellng: $8,000 U. S. Treasury 5s-ll/15/70 (Holdng $10,000) Recommend purchasng: 120 shs Unted Shoe Machnery $ $ 2,000 $ 1,920 $ 8,000 $ 7,680 On moton by Mr. Hartman, seconded by Mr. Harlan, t was voted to approve tem % % % % "-'Current Yeld

2 Fnance Commttee Meetng Mnutes, contnued: Approval budget Approval sale j 25 sh Chrysler\ Stock fjor j Meadow Brook \ Musc Festval; Dscusson of ste for Faculty Offce and Classroom \ Buldng ;.2. The detaled budget for was dstrbuted and revewed by Mr. May and the Oakland budget by Mr. Varner. Mr, Merrman wshed to be recorded as objectng to the revew of the orgnal salary schedule.as recommended by the Unversty offcers to the Trustees, and expressed the hope that n future years, the Trustees would follow the tradtonal pattern n actng on the salary budget and approve the recommendatons as prepared by the offcers of the Unversty. On moton by Mr. Hartman, seconded by Mr- Huff, t was voted to approve tem Mr. May recommends that the Board authorze the sale of 25 shares of Chrysler stock receved from Mr. Vrgl E. Boyd n support of the Meadow Brook Musc Festval. On moton by Mr. Harlan, seconded by Mr. Hartman, t was voted to approve tem n the regular agenda s the report on the bds taken on June 28 for the Faculty Offce and Classroom Buldng wth the recommendaton that contracts be awarded to the low bdders. f t s decded to move the ste for ths buldng to the South Campus (on the south sde of Shaw Lane between the Engneerng Buldng and the ralroad spur), there wll be an addtonal cost of possbly as much as $100,000. The decson on the locaton should be made n the Fnance Commttee. The ste on whch the bds were taken s drectly west of the Psychology Research Buldng and south of Snyder-Phllps Halls. The use of ths ste would further restrct the amount of open area adjacent or close to the Mason-Abbot and Snyder-Phllps dormtores. On the other hand t s where the need s greater for classrooms and faculty offces. The South Campus ste s adequate, but wll be less convenent n the near future for classroom of offce use. The addtonal cost of $100,000 s an approxmate fgure and would, of course, eventually be only what the costs actually are. Mr. Huff, ndcated that he objected to the locaton for ths buldng, and that he thought t was an example of poor plannng but that under the crcumstances, wth ths recorded protest, he was wllng to vote for the locaton of the buldng as now recommended. Bds Admnstraton Bldg. 5. On June 21 the followng bds were receved for the Admnstraton Buldng: General Buldng Work Mller-Davs Company Granger Constructon Company The Chrstman Company $3,418,000 3,476,000 3,932,000 Mechancal Work Lome Company, nc. Shaw-Wnkler, nc The Sptzley Corporaton Phoenx Sprnkler & Heatng Company The Donald Mller Company John E. Green Plumbng & Heatng Company Eames & Brown, nc. The Stanley Carter Company Electrcal Work Lansng Electrc Motors Central Electrc Motor & Constructon Company Hatzel & Buehler, nc. Hall Electrc Company Electrc Elevators Haughton Elevator Company Ots Elevator Company Westnghouse Electrc Corporaton 1,226,000 1,277,500 1,313,300 1,317,000 1,335,000 1,344,000 1,371,000 1,387, , , , ,600 59,485 61,000 61,361 f contracts are awarded to the low bdders, the budget wll be $6,200,000 as shown below: Constructon Archtect Utltes, Ste Development Furnshngs and Equpment Engneerng-nspecton Contngency $5,626, ,000 8,000 40, ,000 56,260 59,061 $6,200,000 Snce the legslature had authorzed the Admnstraton project to cost not more than $5,400,000, t wll be necessary to obtan legslatve approval for the added cost of the project. Mr. Bresln s meetng wth legslators and beleves that the authorzaton wll be ncreased when the legslature reconvenes on August 22. Snce the Trustees wll not meet n August, t s recommended that the Trustees approve the awardng of contracts to the followng low bdders, subject to the legslature ncreasng the authorzaton and the necessary clearance wth the State of Mchgan for release of funds: contnued - -

3 Fnance Commttee Meetng Mnutes, contnued: 5. Bds on Admnstraton Buldng, contnued: 1 Mller-Davs Company Knoblock Hardware Company Lorne Company Lansng Electrc Motors Haughton Elevator Company $3,418,000 27,444 $3., 445,444 1,226, ,750 59,485 $5,626,679 On moton by Mr. Hartman, seconded by Mr. Merrman, t was voted to approve the above recommendaton. 6. (a) Communcaton from Mr, May: As you know, a number of the contracts ssued by the State of Mchgan and assgned to the Unversty for constructon of the Power Plant contan lqudated damage provsons. Although we were able to place the frst boler n operaton n late January, there are a number of contracts whch were not completed on the scheduled date and for whch lqudated damages may be due, There seem to be serous legal problems connected wth the collecton of damages on these clauses. For ths reason, Mr. Carr was asked to attend a meetng n the State Buldng Dvson to dscuss the procedures followed; by the State and ts success n assessng damages under such clams. Mr. Carr agrees that about the only nstructons receved from the State Buldng Dvson were to negotate the amount of the damages and avod court acton. asked Mr. Rosa how they handled settlements f agreement was reached, and he ndcated to me that all settlements were approved by the State Admnstratve Board to nsure acceptance by state audtors. t s therefore my vew that any settlements negotated by ths offce should be presented to our Board of Trustees for ts concurrence. The frst contract on whch agreement has been reached relatve to lqudated damages s wth the Chrstman Company and ts subcontractor, the Wsconsn Brdge Company and ron. All partes concerned have agreed to a lqudated penalty of $3,000, am recommendng that the Trustees approve a reducton n the Chrstman Company contract from $661, to $658, Dscusson lqudated damage provsons Power Plant (b) Communcaton frommr. May: For a number.of weeks-we have been negotatng wth the Rockwell Manufacturng Company for a settlement of the lqudated damage clause n ts contract for materals for the new Power Plant. The frm has now agreed to a,lqudated damage charge of $18,700. would recommend that the Trustees approve the settlement and a reducton n the orgnal contract from $153,712 to $135,012. On moton by, Mr. Huff, seconded by Mr. Haran, t was.voted to approve these recommendatons. 7. Communcaton from Mr. May: Several tmes Ernst & Ernst have suggested to me that there should be a wrtten polcy of the Trustees relatve to the handlng of realzed captal gans on securtes. The basc queston s whether or not any;net realzed captal gans should be added to prncpal and renvested or whether they should be treated as ordnary ncome and dsbursed. thnk there are arguments that all captal gans should be added to prncpal, but there are also arguments.for treatng such gans as ordnary ncome. For example, an endowment fund f nvested entrely n growth securtes could have almost no current ncome for the purposes specfed by the donor. After-consultaton wth Mr. Cress and Mr. Wlder, would lke to recommend that the Trustees approve the followng polcy: 1. All net; ordnary ncome on nvestments wll-.be allocated for purposes specfed n trust or endowment agreements, after captal losses. 2. n the event ordnary ncome s less than 5% of the prncpal book value of the endowment at the begnnng of the fscal year, there wll be a supplemental allocaton of realzed captal gans to brng the total avalable for current use up to the 5%. 3. All realzed captal gans not requred for supplemental allocaton n n 2 r wll be credted to prncpal and^renvested. above All ordnary ncome on nvestments allocated for purposes specfed n trust or endowments f less than 5% prnc.book value suppl. allocaton made of cap. gans The above polcy wll be followed n the allocaton of endowment ncome unless terms of the endowment gft provde otherwse. On moton by Mr. Huff, seconded by Dr. Smth, t was voted to approve tem 7.

4 Fnance Commttee Meetng Mnutes, contnued: Resoluton \ to borrow funds to cover cost of campus buses Approval purchase Weland farm 8, Resoluton of the Board of Trustees to borrow funds to cover cost of campus buses: 1. The Board of Trustees of Mchgan State Unversty has determned that t s necessary and expedent to purchase buses requred n the operaton of the Unversty n the amount of $275, To provde the funds necessary to acqure the campus buses, the Board deems t necessary and expedent to borrow the sum of $275,000, and that these funds be borrowed from the Revolvng Funds of the Unversty. NOW, THEREFORE, BE T RESOLVED by the Board of Trustees of Mchgan State Unversty that a term loan agreement substantally n the form presented to the Board be entered nto pursuant to the terms of whch $275,000 may be borrowed to provde the requred funds. Accompanyng ths agenda s a copy of the term loan agreement as prevously approved n prncple by the Trustees and as now prepared by the Unversty Attorney Resoluton of the Board of Trustees to borrow funds to cover cost of a Plant Scence Research Faclty: 1. The Board of Trustees of Mchgan State Unversty has determned that t s necessary and expedent to buld a plant Scence Research Faclty at a cost of $2,720, To provde the funds necessary to buld the faclty, the Board deems t necessary and expedent to borrow the sum of $2,720,000, and that these funds be borrowed from the Revolvng Funds of the Unversty. NOW, THEREFOE, BE T RESOLVED by the Board of Trustees of Mchgan State Unversty that a term loan agreement substantally n the form presented to the Board be entered nto pursuant to the terms of whch $2,720,000 may be borrowed to provde the requred funds. Accompanyng ths agenda s a copy of the term loan agreement as prevously approved n prncpal by the Trustees and as now prepared by the Unversty Attorney. Mr. Huff suggested that possbly consderaton should be gven to chargng nterest on these loans. The others dd not agree wth ths suggeston. On moton by Mr. Merrman, seconded by Dr. Smth, t was voted to approve tems 8 and 9. 10, The Weland farm s completely surrounded by Unversty property and located south of 1-96 on Phllps Road. After years of negotaton wth the hers to ths property, an opton was secured that had to be exercsed by June 30. ts terms follow: The 2 acres on the southeast corner ncludng the farm buldngs are retaned by one of the hers; the 2 acres at the northeast corner wth no buldngs have been purchased from one of the hers for $5,000; the balance of the farm consstng of 76 acres has been purchased for $2,200 per acre. Ths purchase requred Trustee approval. Approval purchase Grace DeRoos property 11. Approval of the purchase of property from Grace DeRoos at a purchase prce of $4,175. property s descrbed as follows: Lot No. 5 of the Plat of Unversty Park, Lansng, Mchgan, n the SW% of the SW% of Secton 25, T4N, R2W. On moton by Mr. Huff, seconded by Mr. Stevens, t was voted to approve tems 10 and 11. Ths T^_., 12. Communcaton from Dr. Wttwer, Drector of the Agrcultural Experment Staton, as follows: of land for farm m Montcalm Co. We attach herewth the document relatve to a 10-year lease of land for an expermental farm n Montcalm County. Ths proposal comes as a result of a dscontnuaton of the Streffert Expermental Farm \ (20-40 acres) n Antrm County, and the probable termnaton after ths year, of actvtes at the Ferden Farm (40 acres) n Sagnaw County. The focus of the new farm n Montcalm County wll be on potatoes and other crops for processng. The Charman of the Department of Crop Scence n.the College of Agrculture wll ; be admnstratvely responsble under the drecton of the Dean of the College of Agrculture and the Drector of the Agrcultural Experment Staton. On moton by Mr. Merrman, seconded by Mr. Hartman, t was voted to approve tem Communcaton from Provost Nevlle and Vce Presdent Muelder, as follows: nsttutonal grant NSF The nsttutonal Grant for Scence from the Natonal Scence Foundaton, , s $137,429, an ncrease of $24,011 over last year's award. The purpose of ths grant contnues to be that of assstng the nsttuton n support of "development and mantenance of a sound;. well-balanced program of basc research, research tranng, and related scentfc actvtes." The broad program of support whch was establshed n 1964 to admnster the nsttutonal Award has been receved favorably by the scentfc communty wth actve partcpaton by faculty. contnued - -

5 Fnance Commttee Meetng Mnutes, contnued Communcaton from Provost Nevlle and Vce Presdent Muelder, contnued: 1 We recommend the followng program for ths comng year: a. Contnue the Graduate Lectureshp Program for the Scences to brng members of the Natonal Academy of Scences and Nobel Prze wnners to the campus b. ntate a Graduate Symposum Program for the Scences to develop symposa n areas of new research developments and outstandng scholars and to brng such scholars to the campus. Respectve programs would strve for qualty to warrant publcaton support of symposa contrbutons. c< Contnue the Breakthrough Research Program to explore "far-out 11 deas Contnue some research support for the nsttute of Water Research at a somewhat reduced bass Contnue purchase of research equpment tems gvng prorty to those tems whch serve the broadest segment of the scentfc communty. $ 5,000 10,000 40,000 10,000 72,429 $137,429 Recommendatons re: programs for NSF : nsttutonal Grant On moton by Mr. Huff, seconded by Mr* Harlan, t was voted to approve tem 13. j 14. Mrv Carr dscussed the followng communcaton from hm:. We have receved a true copy of the Fndngs of Fact Conclusons of Law and Drecton j of Electon fled by the Mchgan Labor Medaton Board July 1, 1966, coverng the petton junversty of the nternatonal Unon of Operatng Engneers, Local 547, AFL-CO, seekng represen- Attorney taton of the fremen, operators and utltymen of the North and South Campus Power Plants, ^authorzed to perfect an Proofs were presented before the Chef Tral Examner on October 19 and 21, 1965, followng Appeal wth whch brefs, were submtted by all of the nterested partes. Reduced to overs mp lf cat on!^lc^ an Court t was the poston of the Unversty that the Dvson of Physcal Plant, whch ncluded of Clams re: power plant employees, had been n exstence for a perod of 110 years and that the Labor Order of Labor Medaton Board should not fragment a unt of such long standng. The Operatng Engneers Medaton contended that the actvtes of the power plant personnel were unque and separable from Board all other employees wthn the Dvson and therefore consttuted an approprate unt for recognton wthn the concept of the Amended Hutchnson Act. The opnon states j that the normal course of job progresson n the power plant conssts of fremen::, \ operators and utltymen; that these people have a close communty of nterests; and that they consttute an approprate unt for purposes of unon representaton. Accordngly, : the Medaton Board drects the Unversty to conduct an electon under the supervson of a Board agent to determne whether the /'fremen, operators and utltymen of the North and ; South Campus Power Plants of the employer, excludng utltymen assgned to the power plant but who spend a majorty of ther workng tme at places other than the North and South Campus Power Plants; professonals and executves, supervsors, and all other ;. employees 11 wsh to be represented by Local 547 of the Operatng Engneers rather than Local 1585 of the AFSCME (AFL-CO)- Snce ths restrcted and exclusve group has already fled ts declaraton of ntent for the operatng engneers, the holdng of such an electon s rdculous travesty. We naturally turn to the law to determne a course of conduct. Under the provsons of Secton 16 of Act 379 of the Publc Acts of 1965 (commonly called the Amended Hutchnson j Act), we fnd alternate and conflctng provsons, one of whch allows the Medaton Board to petton for enforcement of ts orders n the Crcut Court and the other ; requres the party aggreved to obtan a revew n the Court of Appeals. After careful. consderaton, we propose that the Board of Trustees should gnore the order, subject tself to a ctaton and compel the Labor Medaton Board to fle ts enforcement acton wth the ngham County Crcut Court. Ths acton wll be attended by some adverse publcty snce t necessarly carres an element of defance. However, our relance wll be on the provsons of the federal and state consttutons forbddng state acton calculated to mpar the rght of contract. Snce we have an executed contract wth the APSCME, whch j antedates the order of the Labor Medaton Board, the recognton of a dfferent unon j would consttute a contract nterference. Addtonally, the Mchgan Supreme Court, n Hotel Olds vs. Labor Medaton Board, 333 Mch. 382, declared that: t n desgntng barganng unts as approprate, a prmary objectve :... s to consttute the largest unt whch, n the crcumstances of the partcular, case., s most compatble wth the effectuaton of the j purposes of the law and to nclude n a sngle unt all common nterests. ; Mr. Carr recommended that the Board authorze the flng of an applcaton for Leave To Appeal wth the Mchgan Court of Clams to obtan a judcal revew of the Order of the j Labor Medaton Board dated July 1, \ Followng dscusson, t was moved by Mr. Stevens, seconded by Dr..Smth, and unanmously voted that the Unversty Attorney undertake -the requred procedures to perfect an.appeal. 15. Dean Byerrum, Drector Lautner, and Provost Nevlle recommend the collecton of a requred fee from all vstors to Hdden Lake Gardens and the Kellogg Brd Sanctuary to begn May 1, 1967, at Hdden Lake Cardens, and August 15, 1966, at the Kellogg Brd Sanctuary, and request an appropraton to cover the cost of nstallaton of gates, fences, etc., n the amount of $15,000 for Hdden Lake Gardens and $7,200 for the Kellogg Brd Sanctuary. On moton by Mr. Huff, seconded by Mr. Merrman, t was voted to approve tem 15. Fee to be charged vstors at Hdden Lake Gardens and Kellogg Brd Sanctuary

6 5598 Fnance Commttee Meetng Mnutes, contnued 16/ Communcaton from Mr. May: Cty of E.L. to share cost pedestran brdge on Hagadorn Road have been advsed by Mr, Patrarche that the East Lansng Cty Councl wll be favorable to a sharng of the cost of a pedestran brdge on Hagadorn Road. Ths brdge s estmated to cost $28,000. was further advsed that snce the Councl dd not have the tem n ts budget, the Councl would lke Mchgan State Unversty to fnance the brdge wth the Cty's share estmated at $14,000 to be repad to the Unversty n July of 1967, have ndcated to Mr. Patrarche that wll try ^.to obtan Board approval on Thursday commtng the Unversty. f the Board does approve, wll advse the Cty Engneer, who wll do everythng possble to expedte the project and have the brdge completed ths fall. t would be my recommendaton to the Trustees that the cost be fnanced out of 1965 earnngs of Fee-Akers Hall whch were released to the Unversty n the permanent fnancng of the East Campus dormtory projects. On moton by Mr. Huff, seconded by Dr. Smth, t was voted to approve tem The followng tem s taken from the mnutes of the Trustees 1 meetng of November 24, 1965: Acton taken Nov, 1965 re: MACU rescnded Charman Huff dscussed the meetng of the Mchgan Assocaton of Colleges and Unverstes on November 11 n Lansng and ther "Suggestons for nsttutonal Plannng." After dscusson, on moton bymr. Huff, seconded by Dr. Smth, t was voted to have Mchgan State Unversty cease contrbutng to the support of MACU untl and unless t s understood that polcy statements purportng to speak for the total membershp, ncludng ths Unversty, are subject to prevous consderaton and approval by ths Board of Trustees before such statements are publshed nferrng that they do n fact speak for ths Board and Mchgan State Unversty. A letter from Wllam E. Strton, Secretary of the Mchgan Assocaton of Colleges and Unverstes assures the Trustees that t s not hs ntenton or that of the MACU to presume to speak for the nsttutons or groups of nsttutons makng up the MACU. t s recommended that the Board rescnd ts prevous acton and authorze the payment of dues to ths organzaton at least for the current year. On moton by Mr. Huff, seconded by Mr. Merrman, t was voted to approve the above recommendatons and approve payment of dues for the current year. \JJCX1\.J Approval Debt Servce Retrement Schedule from Student Fee Allocaton - Oakland Unv. 18. The Debt A Year followng proposal was presented Servce Retrement Schedule from B Enrollment 2,458 3,135 4,090 4,855 5,595 6,300 C Fee Allocaton Fscal year $159, , , , , ,584 by Mr. Varner: Student Fee Allocaton D Debt Servce (1) $154, , , , , ,500 E Debt Servce (2) $114, , ,000 Debt Servce (3) $ 60,000 60,000 Excess $ 7,085 58, , , , ,266 A B C D E Reflects the condton for the year whch begns wth fall semester. Fall semester enrollment, wth estmated wnter and sprng enrollment based on exstng hstory. Ths s based on "conservatve" rather than "mddle" or "hgh" estmates. Fee allocaton calculated for fell, wnter, and sprng semester, based on exstng fee allocaton. Debt servce, plus $15,000 for utltes, for exstng ndebtedness on ntramural Buldng and Oakland Center. Ths s the total for the year, but s pad n equal November and May nstallments. Debt servce on proposed $1.9 mllon allocaton for completon of ntramural Buldng ($225,000), development of athletc and ntramural sports area ($125,000), and remodelng and expanson of Oakland Center ($1,550,000). Plannng to begn mmedately; work to get underway to be completed January 1, 1968, F Debt servce on proposed commtment of $1 mllon toward 1,200-seat theater, to be completed sprng of G Reflects the estmated balance n the fee allocaton account at the end of the academc year after all debts have been servced. On moton by Mr. Huff, seconded by Mr. Harlan, t was voted to authorze Mr. Varner to proceed wth hs thnkng and plannng but wth the understandng that all formal arrangements and structural projects are to be revewed by the Trustees before the plans are fnalzed or any fnancal commtments are made.

7 Fnance Commttee Meetng Mnutes, contnued OAKLAND UNVERSTY, contnued 19. Recommendaton that the archtectural frm of Tarapata MacMahon Assocates, ncorporated, be commssoned to do the prelmnary plans for the new educaton-socal scence buldng authorzed by the legslature. On moton by Mr. Hartman, seconded by Mr. Harlan, t was voted to approve tem Recommendaton that Commonwealth Assocates be desgnated as the frm to do the work n connecton wth the central heatng plant whch has been authorzed by the legslature, On moton by Mr. Huff, seconded by Mr. Stevens, t was voted to approve the above recommendaton. 21. Communcaton from Mr. Varner: Some tme ago Mr. and Mrs. Harry Pryale, through the Pryale Foundaton, assgned $50,000 here wth the understandng that t would draw nterest for the lfe of Mr. and Mrs. Pryale,. n vew of the communty enthusasm for the new theater project, Mr. Pryale has suggested that ths money be used n support of the theater. t s my recommendaton, therefore, that we be authorzed to assgn ths $50,000 to the purchase of lghtng and other equpment to make the lttle audtorum we have usable for the theater and that the annual nterest charges be charged aganst the operatng budget of the theater. On moton by Dr. Smth, seconded by Mr. Huff, t was voted to approve the above recommendaton. 22. Mr. Varner reported that bds had been taken on the proposed new dormtory but that they were n excess of the budget and n excess of the amount of debt that could be carred by ths resdence hall; and that he recommended the rejecton of all bds wth the understandng that ths whole project s to be rebd n November or December. On moton by Mr. Stevens, seconded by Dr. Smth, t was voted to approve tem 22. Tarapata MacMahon Assoc. nc. named to plan educ-socal scence bldg. Commonwealth Assocates desgnated as frm for heatng plant Pryale money to be used n support of theater Dormtory bds rejected, Because t was desrfed to make an announcement at noon of the appontment of John B. Fernald, t was proposed that the personnel tems as follows be taken from the regular agenda and acted upon at ths tme. On moton by Mr. Hartman, seconded by Mr. Huff, t was voted to approve the Oakland Unversty tems as follows: Leaves Other 1. Floyd M. Cammack, Assocate Professor of Lngustcs, wthout pay from August 1, 1966 to August 14, 1967 to accept a Fulbrght award at the Unversty of Tokyo. Appontments 1. John Laurence Broome, Assstant Drector n the Academy of Dramatc Art, at a salary of $10,000 per year on a 12-month bass effectve October 1, John Baley Fernald, Professor of Dramatc Art and Drector of the Academy of Dramatc Art, at a salary of $25,000 per year on a 12-month bass effectve August 1, Robn Olden, Assstant Drector n the Academy of Dramatc Art, at a salary of $15,000 per year on a 10-month bass effectve October 1, Ernest Harold Bennett, Specalst n Educaton, at a salary of $10,500 per year, on a 10-month bass effectve September 1, 1966 to August 31, Wallace Sampson Messer, Specalst n Educaton, at a salary of $9100 per year on a 10-month bass effectve September 1, 1966 to August 31, Frederck Eugene Haun, Assocate Professor of Englsh, at a salary of $1800 for the perod September 12, 1966 to December 21, Charles W. Heffernan, Assocate Professor of Musc, at a salary of $10,000 per year on a 10-month bass effectve August 15, Landon Crocker Peoples, Assstant Professor of Psychology, at a salary of $10,400 per year on a 10-month bass effectve August 15, Saghr Ahmad, nstructor n Socology and Anthropology, at a salary of $8300 per year on a 10-month bass effectve August 15, Davd B. Booth, Assocate Professor of Socology and Anthropology and Actng Charman at a salary of $12,500 per year on a 10-month bass effectve August 15, Carleton Wallace Smth, nstructor n Socology and Anthropology, at a salary of $8300 per year on a 10-month bass effectve August 15, Leaves Appontments

8 toofnance Commttee Meetng Mnutes,: contnued OAKLAND UNVERSTY, contnued Transfers Transfers Salary nc. 1. Edwn M. Gault, from Assstant to the Dean of Engneerng AP-V to Drector AP-V, at the same salary of $14,200 per year on a 12-month bass effectve July 1, Salary Changes 1. ncrease n salary for Lawrence B. Fredman, Assstant Professor of Chemstry, to $8200 per year on a 10-month bass effectve August 15, ncrease n salary for Joel W. Russell, Assstant Professor of Chemstry, to $8200 per year on a 10-month bass effectve August 15, Glbert Leroy Wedeknd, Assstant Professor of Engneerng., to $9800 per year on a 10-month bass effectve August 15, ************** No acton on : The Board went nto executve sesson to consder the followng tem: Pr e s. Hannah T s request to Communcaton from Presdent Hannah: rescnd acton taken June * 66 very much apprecate the generous acton taken-by the Board of Trustees n executve sesson on hs TAA at the tme of the June Trustees 1 meetng n whch the Trustees voted a generous addtonal contrbuton contrbuton to my TAA retrement program. As ndcated n an earler letter, feel that ths"acton s unwse and request that t be rescnded. The Board took no acton. Adjourned. MNUTES OF THE MEETNG of the BOARD OF TRUSTEES Present: Absent: Mr. Huff, Charman; Messrs. Harlan, Hartman, Merrman, Smth, Stevens; Presdent Hannah, Treasurer May, and Secretary Bresln Mr. Nsbet, Mr. Whte The meetng was called to order at 3:00 p.m. at Oakland Unversty - Presdent Hannah presdng. The Mnutes of the June meetng were approved. Letter of congratulaton to be sent to Paul Mller Report V.P. Muelder re: total sum of money receved n gfts and grants Resgnatons SPECAL MSCELLANEOUS 1. Approval of the Fnance Commttee tems on the precedng pages. On moton by Mr. Huff, seconded by Mr. Merrman, t was voted to approve the Fnance Commttee tems on the precedng pages. 2. On moton by Mr. Stevens, seconded by Dr. Smth, t was voted to nstruct the Presdent to prepare an approprate letter to be sent to Paul A. Mller, a long-tme employee of Mchgan State Unversty and now Presdent of the Unversty of West Vrgna, congratulatng hm on hs appontment as Assstant Secretary of Health, Educaton, and Welfare for Educaton. The Board feels that ths s a great opportunty for Dr. Mller to use hs unusual abltes, competences, and experences n the best nterest of all educaton n Amerca; and t wshes hm well n ths new undertakng. 3. Vce Presdent Muelder reported that the aggregate sum of money Mchgan State Unversty receved n gfts and grants durng the fscal year was $27,800,304.56, compared wth $21,025, the prevous year. NEW BUSNESS Resgnatons and Termnatons 1. Norman J. Brown, County Agrcultural Agent, Manstee County, July 31, 1966 to accept a poston wth AD n Northern Ngera. 2. L. G. Rothney, County Agrcultural Agent, St. Joseph County, August 14, 1966 to accept a poston wth AD n Western Ngera. 3. Florence E. Converse, Home Economst, Alpena, Alcona and Presque sle Countes, July 15, Poston was elmnated due to reorganzaton of Extenson.

9 NEW BUSNESS, contnued Resgnatons and Termnatons, contnued 4. Grace M. Vllwock, Home Economst, Houghton, Baraga, Keweenaw Countes, September 30, 1966, [Resgnatons to complete her Master's Degree at M.S.U. 5. Susan L. Taylor, 4-H Youth Agent, Lenawee County, July 31, 1966, to become a full-tme homemaker. 6. Charles K. Spllman, nstructor (Ext,) Agrcultural Engneerng, August 15, 1966 to contnue hs graduate program for Ph.D. 7. Cancellaton of the appontment of Kenneth Burke, Vstng Professor n Englsh, Aprl 1, Donald F. Selln, Assstant Professor of Elementary and Specal Educaton, August 31, 1966 to accept a poston as Coordnator, Mchgan Project for mental retardaton mplementaton. 9. G. Ram Chandra, Research Assocate, Plant Research Laboratory, July 15, 1966, to accept a poston wth the Plant Growth Laboratory, USDA, Beltsvlle, Maryland. 10- Peter B. Ncholls, Research Assocate, Plant Research Laboratory, July 11, 1966, to accept a poston at ndana State Unversty..11. Clfford W. Welsch, Assstant Professor of Natural Scence, August 31, 1966, to accept a research poston. 12. Wllam Sedgwck Adam, nstructor n Anatomy, June 30, James A. Ray, nstructor n Mcrobology and Publc Health, July 31, 1966, to accept a poston wth Upjohn Company n Kalamazoo. 14, Sharon P. Tufts, nstructor n Veternary Surgery and Medcne and Veternary Clncs, July 31, 1966 to go nto prvate practce. 15, John A. Centra, Assstant Professor n nsttutonal Research, August 31, 1966, to accept a poston wth the Educatonal Testng Servce. 16* Betty Jane Snow Coleman, Secretary, Ngeran Consortum Project, July 29, 1966 to become a full-tme homemaker. Leaves--Sabbatcal 1. Charles L. Lang, 4-H Youth Agent, Kent, Allegan, Ottawa Countes, wth full pay from September 16, 1966 to March 15, 1967 and wthout pay from March 16, 1967 to June 15, 1967 to study at Merrll Palmer n Detrot. Leaves 2. John M. Hunter, Professor of Economcs, wth half pay from September 1, 1966 to August 31, 1967 to study n East Lansng and South Amerca. 3. John H. Hoagland, Professor of Management, wth half pay from September 1, 1966 to August 31, 1967 to study n East Lansng. 4. Bernce D. Borgman, Professor of Home Management and Chld Development, wth half pay from January 1, 1967.to June 30, 1967 to study n the USA. 5. Ralph H. Smuckler, Professor of Poltcal Scence and Assocate Dean of nternatonal Programs, wth full pay from August 1, 1966 to December 31, 1966 to study n East Lansng. Le ave s - -He al th 1. Contnuaton of the leave wth full pay, for Everett M. Elwood, Assstant Professor (Extenson) of Agrcultural Economcs from July 16, 1966 to August 15, Maretta Wllams, Lbraran, Lbrary, wthout pay, from July 8, 1966 to September 15, Robert M. Wllams, Lbraran, Lbrary, wth full pay, from July 1, 1966 to September 30, Le ave s - -M lt ary 1. Thomas A. Towsley, Anmal Caretaker, Zoology, wthout pay, from May 27, 1966 through June 30, Leaves Other 1. Luella D. Hamlton, Home Economst, Branch, Hllsdale and St. Joseph Countes, wthout pay from July 5, 1966 to July 4, 1968 to accept an AD poston n Vetnam.. 2. Hans Nathan, Professor of Musc, wthout pay from September 1, 1966 to December 31, 1966 to teach at Tulane Unversty.

10 NEW BUSNESS, contnued Le ave s Leaves--Other, contnued 3. Clare A. Gunn, Professor of Hotel, Restaurant and nsttutonal Management, and Urban Plannng and Landscape Archtecture wthout pay from September 1, 1966 to June 30, 1967 to teach at the Unversty of Hawa. 4. Russell J. Kles, Assocate Professor of Admnstraton and Hgher Educaton, wthout pay from September 1, 1966 to November 30, 1966 to contnue hs studes. 5. Gertrude Nygren, Professor of Textles, Clothng and Related Arts, wth full pay from August 6, 1966 to September 17, 1966 to travel n Norway, Sweden and Denmark. 6. Thelma Arnette, Assstant Professor of Physcs, wthout pay, from July 4, 1966 to August 12, 1966 to teach at the Unversty of Maryland. 7. Robert E. Schell, Assstant Professor of Psychology, wthout pay, from September 1, 1966 to August 31, 1967 to do teachng and research at Dartmouth. 8. Herbert Bergman, Assstant Professor of Amercan Thought and Language, wthout pay, from September 1, 1966 to December 31, 1966 to complete work on Walt Whtman's workd. Appontments \ Appontments 1. Rchard A. Breyer, County Natural Resources Agent, Baraga County, at a salary of $10,500 per year on a 12-month bass effectve July 15, Henretta J. Seals, Home Economst, Genesee County, at a salary of $8,000 per year on a 12-month bass effectve August 15, Donald E. Brown, 4-H Youth Agent, ron, Dcknson Countes at a salary of $7500 per year on a 12-month bass effectve August 1, Judth A. Kng, 4-H Youth Agent, Manstee, Mason, Lake Countes at a salary of $6000 per year on a 12-month bass effectve August 15, Arthur A. Vasold, 4-H Youth Agent, Delta, Menomnee, Schoolcraft Countes, at a salary of $7800 per year on a 12-month bass effectve August 1, 1966,. 6. Wllam D. Walter, 4-H Youth Agent, Lenawee County, at a salary of $9000 per year on a 12-month bass effectve August 1, Jack Duane Wlson, nstructor n Agrcultural Engneerng, at a salary of $4500 per year on a 12-month bass effectve August 1, 1966 to July 31, Ruth M. Allen, nstructor (Res.) Bochemstry, at a salary of $8,000 per year on a 12-month bass effectve July 1, 1966 to June 30, Patrca J. LaFlame, Specalst, nsttute for Extenson Personnel Development, at a salary of $9500 per year on a 12-month bass effectve September 1, Angelo ppolto, Vstng Artst, Art Department, at a salary of $10,000 per year on a 10-month bass effectve September 1, 1966 to August 31, Oscar Bock, nstructor n German and Russan, at a salary of $6500 per year on a 10-month bass effectve September 1, 1966 to August 31, Horst L. Lerch, Assstant Professor of German and Russan, at a salary of $8000 per year on a 10-month bass effectve September 1, 1966 to August 31, Helen E. Ullrch, nstructor n Lngustcs and Orental and Afrcan Languages, at a salary of $8500 per year on a 10-month bass effectve September 1, 1966 to August 31, Arnold Perrs, nstructor n Musc, at a salary of $4100 for the perod October 1, 1966 to December 31, Ruth Karpnsk Adams, nstructor n Romance Languages at a salary of $2600 per year on a 10-month bass effectve September 1, 1966 to August 31, Susan Porta Cleveland, nstructor n Romance Languages, at a salary of $7500 per year on a 10-month bass effectve September 1, 1966 to August 31, Rose Lee Hayden, nstructor n Romance Languages, at a salary of $6900 per year on a 10-month bass effectve September 1, 1966 to August 31, Katherne Seaman Lews, nstructor n Romance Languages, at a salary of $7200 per year on a 10-month bass effectve September 1, 1966 to August 31, Laurence C. Louppe, Assstant Professor of Romance Languages, at a salary of $9000 per year on a 10-month bass effectve September 1, 1966 to August 31, Maranne B. McCarthy, nstructor n Romance Languages, at a salary of $7200 per year on a 10-month bass effectve September 1, 1966 to August 31, 1967.

11 NEW BUSNESS, contnued Appontments, contnued {Appontments' 21. Sandra Chrones Moore, nstructor n Romance Languages, at a salary of $8000 per year on a 10-month bass effectve September 1, 1966 to August 31, Marguerte H. Pettway, nstructor n Romance Languages, at a salary of $7200 per year on a 10-month bass effectve September 1, 1966 to August 31, Renee rene Sone, Assocate Professor of Romance Languages, at a salary of $11,500 per year on a 10-month bass effectve September 1, Jon Paul Stewart, nstructor n Romance Languages, at a salary of $7200 per year on a 10-month bass effectve September 1, 1966 to August 31, R. Jula Uceda, Vstng Professor of Romance Languages, at a salary of $14,000 per year on a 10-month bass effectve September 1, 1966 to August 31, Rchard Vern Wall, nstructor n Romance Languages, at a salary of $4500 per year on a 10-month bass effectve September 1, 1966 to August 31, Dole A. Anderson, Professor n the College of Busness, at a salary of $18,500 per year on a 12-month bass effectve July 1, Karl Herman Asmus, nstructor n Economcs and Contnung Educaton, at a salary of $7500 per year on a 10-month bass effectve September 1, 1966 to August 31, Roy F.. Glbert, nstructor n Economcs, at a salary of $7500 per year on a 10-month bass effectve September 1, 1966 to August 31, Zane Andre Spndler, nstructor n Economcs and Contnung Educaton at a salary of $7500 per year on a 10-month bass effectve September 1, 1966 to August 31, Peter Lee Gllett, Specalst, nsttute for nternatonal Busness Management Studes, at a salary of $7464 per year on a 12-month bass effectve July 1, 1966 to January31, Donald Walter Larson, Specalst, nsttute for nternatonal Busness Management Studes, at a salary of $7464 per year on a 12-month-bass effectve July 15, 1966 to January 31, Martn Pfaff, Lecturer n Marketng and Transportaton Admnstraton and the Computer nsttute for Socal Scence Research, at a salary of $12,000 per year on a 10-month j',.-, bass effectve September 1, 1966 to August 31, j 34. Henry S. Hawkns, Coordnator, AD Semnars on Communcaton, at a salary of $8000 per j year on a 12-month bass effectve July 1, 1966 to June 30, j ' 35. Tom W. Carroll, nstructor n Communcaton, at a salary of $850 per month from July 1, > 1966 to August 31, Lawrence E. Sarbaugh, Lecturer n Communcaton, at a salary of $15,200 per year on a 12-month bass effectve July 1, 1966 to June 30, [ 37. Mary Adelade Gardner, Assstant Professor of Journalsm, at a salary of $12,000 per year! on a 10-month bass effectve September 1, Oscar.. Tos, Assstant Professor of Speech, at a salary of $10,500 per year on a 10-month j bass effectve January 1, 1967 to August 31, j 39. Harry L. Case, Professor n the College of Educaton, at a salary of $18,000 per year \ on a 12-month bass effectve September 1, \ 40. James Edward Green, Assstant Professor n the College of Educaton, at a salary of { $12,000 per year on a 12-month bass effectve July 1, Glen Owen Cooper, Advser, School for Advanced Studes n Educaton, at a salary of $500 j for the perod July 31, 1966 to August 14, * Margaret E. Mur, Lecturer, School for Advanced Studes n Educaton, at a salary of $300 for the perod October 17, 1966 to November 13, \ 43. Wllam Edward Norrs, Lecturer, School for Advanced Studes n Educaton, at a salary [ of $1000 for the perod August 1, 1966 to August 28, j 44. Mchael Edwn Kaelke, nstructor n Counselng, Personnel Servces, and Educatonal Psychology, at a salary of $8000 per year on a 10-month bass effectve September 1, Stephen Lawrence Yelon, nstructor n Counselng, Personnel Servces and Educatonal Psychology, at a salary of $10,000 per year on a 10-month bass effectve September 1, Theodore Joseph Czajkowsk, nstructor n Elementary and Specal Educaton and Contnung Educaton at a salary of $5000 per year on a 10-month bass effectve September 1, 1966 to August 31, 1967.

12 . NEW BUSNESS, contnued Appontments 1 Appontments, contnued 47. Berneth N. McKercher, nstructor n Elementary and Specal Educaton and Contnung Educaton, at a salary of $6000 per year on a 10-month bass effectve September 1, 1966 to August 31, Russell Dale McLean, Jr. nstructor n Elementary and Specal Educaton and Contnung Educaton, at a salary of $5000 per year on a 10-month bass effectve September 1, 1966 to August 31, Carl Francs Oldsen, nstructor n Elementary and Specal Educaton, at a salary of $9000 for the perod July 1, 1966 to May 31, George Stephen Paulus, nstructor n Elementary and Specal E-ducaton, at a salary of $8500 per year on a 10-month bass effectve September 1, 1966 to August 31, Los Ann Smth, nstructor n Elementary and Specal Educaton and Contnung Educaton, at a salary of $2500 per year on a 10-month bass effectve September 1, 1966 to August 31, Arthur H. Stenhaus, Vstng Professor of Health, Physcal Educaton and Recreaton, at a salary of $5000 for the perod October 1, 1966 to December 31, Arthur H* Stenhaus, Vstng Professor of Health, Physcal Educaton and Recreaton, at a salary of $5000 for the perod Aprl 1, 1967 to June 30, Frank Glenn Cookngham, nstructor n Learnng Systems nsttute and Counselng, Personnel Servces and Educatonal Psychology, at a salary of $8000 per year on a 10-month bass effectve September 1, 1966 to August 31, Judth Elnore Henderson, nstructor n Learnng Systems nsttute, at a salary of $8500 per year on a 10-month bass effectve September 1, 1966 to August 31, Carolyn B. Dommer, nstructor n Secondary Educaton and Currculum, at a salary of $8000 per year on a 10-month bass effectve September 1, 1966 to August 31, Sally Kathryn Kemp, nstructor n Secondary Educaton and Currculum, at a salary of $8000 per year on a 10-month bass effectve September 1, 1966 to August 31, Arthur Lee Berkey, nstructor n Teacher Educaton, and Contnung Educaton, at a salary of $7500 per year on a 10-month bass effectve September 1, 1966 to August 31, Donald John Freeman, nstructor n Teacher Educaton, at a salary of $11,000 per year on a 12-month bass effectve September 1, Laura C. Trout, nstructor n the College of Engneerng, at a salary of $7600 per year on a 10-month bass effectve September 1, 1966 to August 31, Joanne M. Lands, Specalst, Computer Laboratory, at a salary of $7300 per year on a 12-month bass effectve July 1, Ch Kwun Chyung, Research Assocate, Engneerng Research, at a salary of $900 per month from July 1, 1966 to August 31, Man H. Yoo, Research Assocate, Engneerng Research, at a salary of $900 per month from July 1, 1966 to August 31, Wllam N. Sharpe, Jr. Assstant Professor of Metallurgy, Mechancs and Materals Scence, and Engneerng Research, at a salary of $1222 per month from July 1, 1966 to August 31, Edna Rogers, nstructor, Dean of Home Economcs, at a salary of $4250 per year on a 10-month bass effectve September 1, 1966 to August 31, Marca Kay Harmon, nstructor n Home Management and Chld Development and Contnung Educaton, at a salary of $7000 per year on a 10-month bass effectve September 1, Susan McWllam, nstructor n Home Management and Chld Development, at a salary of $7000 per year on a 10-month bass effectve September 1, Barbara Loder Amundsen, nstructor n Textles, Clothng, and Related Arts, at a salary of $7500 per year on a 10-month bass effectve September 1, 1966 to August 31, Margaret Ann Boschett, nstructor (Ext.) n Textles, Clothng and Related Arts, at a salary of $8500 per year" on a 12-month bass effectve September 1, Grace Ronnngen Martn, Specalst n Textles, Clothng and Related Arts, at a salary of $8200 per year on a 10-month bass effectve September 1, 1966 to August 31, Ellott Marshall Goldberg, Assstant Professor of Medcne, wthout pay effectve August 1, 1966.

13 NEW BUSNESS, contnued Appontments, contnued Maurce S. Rezen, Assstant Professor of Medcne/ wthout pay, effectve August 1, Appontments 73. Robert Brttan, Vstng Professor n the Justn Morrll College, at a salary of $8000 for the perod October 1, 1966 to March 31, p 74. Betty P. Dcknson, nstructor n the Justn Morrll College, at a salary of $3000 per year on a 10-month bass effectve September 1, 1966 to August 31, Erc Phllp Kafka, nstructor n the Justn Morrll College, at a salary of $8000 per year on a 12-month bass effectve July 1, Edthe V- Peal, nstructor n Justn Morrll College, at a salary of $7500 per year on a 10-month bass effectve September 1, Edgar J. C. Curts, Assstant Professor (Res.) of Botany and Plant Pathology, at a salary of $6900 per year on a 12-month bass effectve September 1, 1966 to September 30, Evelyn A. Horensten, Research Assocate of Botany and Plant Pathology, at a salary of $8000 per year on a 12-month bass effectve August 1, 1966 to July 31, Chrste G. Enke, Assocate Professor of Chemstry, at a salary of $1755 for the perod July 1/1966 to August 31, Martn Fuchs, Assstant Professor of Mathematcs, at a salary of $10,500 per year on a 10-month bass effectve September 1, Lester B. Fuller, nstructor n Mathematcs, at a salary of $450 for the perod June 20, 1966 to September 3, Charles Readng MacCluer, Assstant Professor of Mathematcs, at a salary of $9000 per year on a 10-month bass effectve September 1, Ronald C. O'Nell, Assstant Professor of Mathematcs, at a salary of $11,000 per year on a 10-month bass effectve September 1, Clfford E. Wel, Assstant Professor of Mathematcs, at a salary of $10,000 per year on a 10-month bass effectve September 1, Blly D. Cook, Assstant Professor (Res.) of Physcs, at a salary of $750 per month effectve July 16, 1966 to September 15, Krstofer Kolltvet, Research Assocate of Physcs, at a salary of $925 per month effectve August 1, 1966 to May 31, John W. Durso, nstructor (Res.) n Physcs, at a salary of $9625 per year on a 12-month bass effectve September 1, 1966 to August 31, Nel R. Yoder, nstructor (Res.) n Physcs, at a salary of $2833 for the perod September 1, 1966 to December 31, Zbynek Sdak, Research Assocate of Statstcs and Probablty, at a salary of $1100 per month from September 1, 1966 to January 31, Vncenzo D'Amelo, Assocate Professor of Zoology, at a salary of $3500 for the perod October 1, 1966 to December 31, James A. Clark, nstructor n the College of Socal Scence, at a salary of $6300 per year on a 12-month bass effectve July 1, 1966 to June 30, Marvel June Allard, Research Assocate n the Computer nsttutefor Socal Scence Research, at a salary of $1137 per month from July 1, 1966 to July 31, Bernard C. Peters, nstructor n Geography, at a salary of $1920 for the perod June 30,1966 to August 12, Edward Vaughan Wood, nstructor n Labor and ndustral Relatons, Justn Morrll College, and Contnung Educaton, at a salary of $8000 per year on a 10-month bass effectve September 1, 1966 to August 31, Norman N. Mller, Assstant Professor of Poltcal Scence and the Afrcan Studes Center, at a salary of $9500 per year on a 10-month bass effectve September 1, Naryuk Agare, Assstant Professor n Psychology and the Asan Studes Center, at a salary of $8000 per year on a 10-month bass effectve September 1, 1966 to August 31, Jeanne E. Gullahorn, Assstant Professor n Psychology and the Human Learnng Research nsttute, at a salary of $9333 per year on a 10-month bass effectve September 1, 1966 to August 31, Thomas George Ruhala, Assstant Professor of Socal Work, at a salary of $11,500 per year on a 10-month bass effectve September 1, 1966.