J

~,Ve, the undersigned members of the Board of Regents of

The University of Texas, hereby ratify and approve all ac:ions ~aken az this meeting to be reflected in the Minutes.

Sig~ed :~s the ~day of A~ 5 ~ ~4 , 196~, A.O.

W. W. Heath, Chairman

W. ~ Member

"V~ralter P. B/-enan, Member

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Levi A. Olan, Member

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MEETING NO. 645

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~TTENDANCE. - - On S a t u r d a y , A u g u s t 27, 1966, a t 10 :40 a . m . the ~0ard 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 s s e m b l e d i n r e g u l a r

in R o o m Z12, M a i n B u i l d i n g , A u s t i n , T e x a s , w i t h t h e ession i ,-,l lnwin~ in a t t e n d a n c e :

Present Absent C h a i r m a n H e a t h , P r e s i d i n g

Regent B r e n a n Regent C o n n a l l y Regent ( M r s . ) J o h n s o n

Regent Josey

V i c e - C h a i r m a n E r w i n - excused: ' , : R e g e n t B a u e r - e x c u s e d ='.̀. R e g e n t I k a r d - excused: ' , ~ R e g e n t O l a n - excused~',-'~::

C h a n c e l l o r R a n s o m S e c r e t a r y T h e d f o r d

APnong others in attendance were:

From the Office of Investnaents, Trusts and Lands of the

Board of Regents:

Mr. Floyd O. SheIton, Executive Director (See Page 95 . )

2, From Central Administration:

Vice-Chancellors Hackerman, Haskew, Landrum, LeMaistre, Vowell: and Walker; Budget Officer Graydon, Comptroller Sparenberg, University Attorney %Valdrep.

3. From Institutions out of Austin: I

Doctors Clark, Ray, and Woolf

[~{VOCATION. - - C h a i r m a n H e a t h c a l l e d the m e e t i n g to o r d e r , and

i~egent Josey offered the invocation.

PPROVAL OF MINUTES, JULY 8-9, l.966.-.--On motion of Regent renan, seconded by Regent Josey, the minutes for the meeting of the 0ard of Regents of The University of Texas held on July $-9, 1966 ere unanimously approved in the form as distributed by the Secretary.

hese minutes appear in the Official Record, Volume XIII.

Vice-Chairman Erwin and Regents Bauer and Ikard were excused from the Meeting of the Board but were in attendance at the meet- ings of the standing committees of which they are members and of

the Committee of the Whole on Friday, August 26.

On account of important business, Regent Olan was excused from the meetings of the standing committees and of the Board of Regents.

A i I I n s t i t u t i o n a l H e a d s ( D o c t o r s A r n i m , B l o c k e r : C l a r k , G i l l , Olson , P a n n i l l , R a y , T a y l o r a n d Wool f ) w e r e in a t t e n d a n c e a t the

meetings of the standing committees on Friday: August 26.

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8- ?.7-66

:,!AIN UNIVERSITY, M. D. ANDERSON HOSPITAL AND TUMOR INSTI-

TUTE AND SOUTHWESTERN MEDICAL SCHOOL: DUAL POSITIONS

FOR ADMINISTRATION AUTHORIZED PURSUANT TO SECTION 33,

ARTICLE XVI, CONSTITUTION OF TEXAS.--The following resolution

~ith respect to each of the below listed members of the Administration

of The University of Texas in connection with his services on each of

the sta~e or federal boards or commissions opposite his name was

unanimously adopted upon motion of Regent Josey, seconded by Regent

Brenan. This recommendation complies with the Attorney General's

0plnlon No. C-550 relative to service on a state or federal board or commission by members of the faculty or Administration of The Univer-

.~;ty of Texas wlthin the meaning of Sections 122 33 or 50 of Article XVI

of the Constitution of Texas:

RESOLUTION

"WHEREAS, (the name of the individual) has an opportunity

to serve as (the capacity in which he is serving on a state or

federal board or commission):

'NOW, THEREFORE, BE IT RESOLVED by the Board of

Regents of The University of Texas, acting pursuant to dele-

gated legislative authority:

" 1 . T h a t t h e s a i d ( t he n a m e of the i n d i v i d u a l ) be , a n d he i s h e r e b y , d i r e c t e d a n d r e q u i r e d by the B o a r d of R e g e n t s to s e r v e a s ( the c a p a c i t y in w h i c h he i s s e r v - ing on a s t a t e o r f e d e r a l b o a r d o r c o m m i s s i o n ) u n t i l he no l o n g e r h a s a n o p p o r t u n i t y to do so o r u n t i l t h i s d i r e c t i o n a n d r e q u i r e m e n t i s a m e n d e d o r r e v o k e d by

the B o a r d of R e g e n t s ;

'2. That the said (the name of the individual) be, and he

is hereby, directed and required by the Board of Regents to serve as (the capacity in which he is serv-

ing on a state or federal board or commlsslon) as a

duty of his employment by The Umvers~ty of Texas, and such duty shall be in addition to all other duties

that have been or may hereafter be assigned or re-

quired of him by the Board of Regents;

t' 3 • T h a t the B o a r d of R e g e n t s f i n d s t h a t ( the n a m e of t he i n d i v i d u a l ) ' s s e r v i c e a s ( the c a p a c i t y i n w h i c h he i s s e r v i n g on a s t a t e o r f e d e r a l b o a r d o r c o m m i s s i o n ) i s , a n d w i l l c o n t i n u e to be , f u l l y a n d e n t i r e l y c o m - p a t i b l e w i t h h i s e m p l o y m e n t by T h e U n i v e r s i t y of

T e x a s ;

' ~4 . T h a t t h e Board of R e g e n t s finds t h a t ( the n a m e of t he i n d i v i d u a l ) ' s s e r v i c e a s ( the c a p a c i t y in w h i c h he i s s e r v i , , g on a s t a t e o r f e d e r a l b o a r d o r c o m m i s s i o n ) i s , a n d w i [ l c o n t i n u e to be , a b e n e f i t a n d a d v a n t a g e to The U n i v e r s i t y of T e x a s a n d t h e S t a t e of T e x a s ;

and

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115,

8-27-66 T h a t t h e B o a r d of R e g e n t s f i n d s t h a t n e i t h e r t h e ( b o a r d o r c o m m i s s i o n on w h i c h he [" s e r v i n g ; ) n o r ( t he n a m e o f t h e i n d i v i d u a l ) a s ( a c a p a c i t y in w h i c h he i s s e r v i n g ) w i l t e x e r c i s e a n y s o v e r e i g n f u n c t i o n o r p o w e r

of g o v e r n m e n t . "

1.622

M A I N U N I V E R S I T Y

N a m e

John R. S t o c k t o n

C tas sific ation

Director, Bureau

Board or Commission

M e m b e r - A d v i s o r y G r o u p to t h c C o m - m i s s i o n e r o f I n t e r n a l R e v e n u e

M. D. A N D E R S O N H O S P I T A L A N D T U M O R I N S T I T U T E

Reni tda F I i l k e n a e y e r , R. N. D i r e c t o r o f N u r s i n g M e m b e r - A d v i s o r y

C o m m i t t e e o n N u r s i n g E d u c a t i o n to t h e C o o r d i n a t i n g B o a r d , T e x a s C o l l e g ~ a n d U n i v e r s i t y S y s -

t e m

'~i: .

SOUTHWESTERN MEDICAL SCHOOL

Heinz F . M. D.

E i c h e n w a l d , Chairman, Department

of Pediatrics

C h a i r m a n - P a n e [ on A n t i - I n f e c t i v e s N a t i o n a l R e s e a r c h C o u n c i l , N a t i o n a l A c a d e m y of S c i e n c e s

MAIN UNIVERSITY: APPROVAL OF CLAIM FOR LOSSES CAUSED BY FIRE IN MAIN BUILDING TOWER ON AUGUST I0, 1965.--Regent Brenan moved that the Board of Regents approve (I) the settlement with the Travelers Insurance Company and the Travelers Indemnity Company (who had the liability insurance for the McCarty-Conley Company, the contractor for the air-conditioning work in the Main University Build'-- ing Tower) for the University's losses caused by the fire in the Main Building Tower on August I0, 1965 as outlined on the following page in the amount of $61,004.2Z; and (2) that Comptroller Sparenberg be authorized to execute for the Travelers Insurance Company the release

[form when approved by University Attorney Waldrep.

The motion was duly seconded and unanimously adopted.

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JAIN UNIVERSITY: WAIVER OF NEPOTISM RULE FOR ANGUS ~EARSON AND ERNA PEARSON FOR 1966.67 LONG SESSION.-- It vas moved by Regent Johnson that the nepotism rule be wai.ved in the :ase of Angus Pearson, Assistant Professor of Computer Science, and h~s w~fe, Erna Pearson, as part-time Instructor in Computer Science, for the 1966-67 Long Sessio,-. Regent Josey seconded this

motion which unanimously prevailed.

RULES AND REGULATIONS OF THE BOARD OF REGENTS, PART DNE AMENDMENT TO CHAPTER I[I, SECTION 30.(1 5)(FINAL ADOPTION).--At the meeting on July 9,1966 an amendment to the Rules and______Re~ulations of the Board of Regents for the Government )f The University of Texas, Part One, Chapter III, Section 30. (15) [vas adopted on first reading. This amendment deleted Section 30. (15)

and substituted in | ieu thereof the following'.

"50, (15) Any p e r s o n r e c e i v i n g s e r v i c e r e t i r e m e n t u n d e r the T e a c h e r R e t i r e m e n t S y s t e m of T e x a s and who is o v e r ~ i x t y - f i v e (65) y e a r s of age m a y be e m p l o y e d by a State-supported college or university in this state on as much as a one-third time basis (which for teachers shall in no event exceed teaching of six (6) semester

hours). "

~ was moved by Regent Josey, seconded by Regent Johnson and unani- ously adopted that final approval be given to the foregoing amend- ~ en Thi~ is in comDliance with the Rules and Regulations, Part ne, Chapter I, Section 4. 1 (second reading or 30- day rule). ~ ULES AND REGULATIONS OF THE BOARD OF REGENTS~ PART I NE: AMENDMENT TO CHAPTER I, SECTION 6. 16; RULES SUS- ENDED AND FINALLY ADOPTED~ PROCEDURE AUTHORIZED.--On 0Uon by Regent Josey, seconded by Regent Ccnnally, the Board sus- nded the rule in the Rules and R e ~ s ~ Part One, Chapter I, ction 4. 1 and arnend'~ P-~art-~ Chapter I~ Sect~on 6. 16 by" deleting

:he body of Section 6. 16 and substituting ~n lie~, thereof the following

:o be effective immed:~te[y~

"6, 16 Composition and Duties of the Executive Commit- tee.--Th~ Executive Committee shall be composed of all members of the Board. It shall have the

follow~ ng dutle s:"

3y the same motlon, the procedure now followed for the Chancellor's )ocket with respect to acnon of the Commlttee was adopted for the £xecut~ve Commlttee except that the t~me e[en%ent invclved was hanged from "fourteenth day" to "seventh day. " The procedure as

dopted reads as follows:

"All items not excepted by any Regent will be deemed approved without further action by the Board, and will be reported for the

record In the Minutes of the next meetl~g of the Board. Any Regent whose completed ballot has not been received by the

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8- 2 / -66: 6 35

I S e c r e t a r y at t he c o n c l u s i , on of b u s i n e s s on the s e v e n t h day a f t e r the i t em r e f e r r e d to the E x e c u t e . r e C o m m i t t e e h a s b e e n m a i t e d to such R e g e n t s h a [ t be d e e m e d to h a v e a p p r o v e d the i t e m sub-

mi t t ed w i t h o u t e x c e p t i o n . "

. :hairman H e a t h at t h i s t i m e tool , o p p o r t u n i t y to r e v i e w the p r o c e d u r e

.hat would be : a l l o w e d in s u b m i t t i n g i t e m s to the E x e c u t i v e C o m m i t t e e ~0inting out t ha t if any one m e m b e r v o t e s a g a i n s t an i t e m , t h i s i t e m shall be he ld u n t i l the f o l l o w i n g m e e t i n g of the B o a r d f o r c o n s i d e r a t i o n .

VlAIN U N I V E R S I T Y : L E T T E R A G R E E M E N T B E T W E E N THE U N I V E R - SITY OF T E X A S AND A U S T I N - T R A V I S C O U N T Y D E P A R T M E N T O F :[VIL D E F E N S E F O R I N S T A L L A T I O N O F R E M O T E S P E A K E R S T A - T ION. - -Upon m o t i o n of R e g e n t B r e n a n , s e c o n d e d by R e g e n t C o n n a l i y , Ihe Board u n a n i m o u s l y a p p r o v e d the r e c o m m e n d a t i o n of V i c e - C h a n c e l l o r Hackcrman, c o n c u r r e d in by C h a n c e l l o r R a n s o m , t ha t the U n i v e r s i t y enter into a l e t t e r a g r e e m e n t w i t h the A u s t i n - T r a v i s C o u n t y D e p a r t - ment of C i v i l D e f e n s e t h a t one r e m o t e s p e a k e r s t a t i o n ( C o m b i n e d Voice W a r n i n g , V o i c e D i r e c t i o n and S i r e n Tones} be i n s t a l l e d in t he Main U n i v e r s i t y T o w e r and a u t h o r i z e d B u s i n e s s M a n a g e r C o l v i n to sign the l e t t e r of a g r e e m e n t w h i c h w i l l c o n t a i n p r o v i s i o n s f o r the cance l l a t ion of the a g r e e m e n t on r e a s o n a b l e n o t i c e by e i t h e r p a r t y a s it b e c o m e s n e c e s s a r y and w i t h the p r o v i s i o n t ha t i t is w i t h o u t e x p e n s e

to The U n i v e r s i t y of T e x a s .

This a g r e e m e n t w).[l p e r m i t The U n i v e r s i t y of T e x a s to u s e the v o i c e zarmng s y s t e m u n d e r e m e r g e n c y c o n d i t i o n s f o r U m v e r s i t y p u r p o s e s ~s well a s b e i n g a g o o d l o c a t i o n f o r the o v e r - a l l D e p a r t m e n t of C i v i l

Defense w a r n i n g s y s t e m in A u s t i n .

~IAIN U N I V E R S I T Y : P E R M I S S I O N TO T R A V I S COUNTY M E D I C A L SOCIETY TO E R E C T A N T E N N A A T O P THE T O W E R B U I L D I N G . - - T h e request of the T r a v i s C o u n t y M e d i c a l S o c i e t y f o r p e r m i s s i o n to e r e c t an antenna a t o p the T o w e r B u i l d i n g to be u s e d in c a s e s of d i s a s t e r of any kind, fo r d o c t o r s , m e d i c a l s e r v i c e s , and a m b u l a n c e s so a s to be able by a p a g i n g s e r v i c e to r e a c h d o c t o r s who c a n n o t be r e a c h e d by telephone w a s u n a n i m o u s l y a u t h o r i z e d upon m o t i o n of R e g e n t B r e n a n , seconded by R e g e n t C o n n a l l y , w i t h the u n d e r s t a n d i n g t h a t U n i v e r s i t y %ttorney W a l d r e p wi.[l c a r e f u l l y p r e p a r e an i n s t r u m e n t to be a p p r o v e d )y the A d m i n i s t r a t i o n and w i th t he f u r t h e r u n d e r s t a n d i n g t ha t t h e r e w i l l ~e no e x p e n s e to t he U n i v e r s i t y , t ha t t h e r e w i l l be p r o v i s i o n s f o r the : ance [ l a t ion of the a g r e e m e n t on r e a s o n a b l e n o t i c e by e a c h p a r t y , a n d :hat the T o w e r w i l l be c o m p l e t e l y u n d e r the c o n t r o l of the U n i v e r s i t y a t

~ll t i m e s .

VIAIN U N I V E R S I T Y : F A C U L T Y L E G I S L A T I O N RE R E V I S I O N O F B U I L D - [NG AND S P A C E A L L O C A T I O N C O M M I T T E E AND C H A N G E O F N A M E TO F A C U L T Y B U I L D I N G C O M M I T T E E . - - R e g e n t J o h n s o n m o v e d tha t the r e c o m m e n d a t i o n of V i c e - C h a n c e l l o r H a c k e r m a n and C h a n c e l l o r R a n s o m o change the n a m e of the " B u i l d i n g and S p a c e Al locat} .on C o m m i t t e e " a t he Main U n i v e r s i t y to the " F a c u l t y B u i l d i n g C o m m 2 t t e e " be a p p r o v e d md that the c o m p o s i t i o n and d u t i e s of s a i d c o m m i t t e e be a s f o l l o w s :

C o m p o s i t i o n : F i v e f a c u l t y m e m b e r s , i n c l u d i n g the c h a i r m a n ; D i r e c t o r of the O f f i c e of F a c i l i t i e s P l a n m n g and C o n s t r u c t i o n ( e x o f f ~ c l o w i t h o u t v o t e ) ; B u s i n e s s [ M a n a g e r , M a i n U n i v e r s i t y l e x o f f i c ~ o w i t h o u t v o t e ) ;

I D i r e c t o r of the S c h o o l of A r c h i t e c t u r e ( e x of f lcxo w i t h o u t v o t e ) .

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The facu l ty m e m b e r s a r e to be appointed for f i v e - y e a r , o v e r - l a p p i n g t e r m s , one ro t a t ing off each y e a r . They would be eligible to succeed t h e m s e l v e s but not f o r m o r e t h a n o n e t e r m . The V i c e - C h a n c e l l o r for A c a d e m i c Af f a i r s wil l name the c h a i r - ITlan.

Function: The c o m m i t t e e shal l p a r t i c i p a t e for the f acu l ty in the p lanning and p r o g r a m m i n g of bui ld ings . They shal l have a s t rong voice in (a) campus master planning, (b) priority of building con- struction, (c) building location, (d) new space allocation (but not assignment of currently existing space), (e) programming of buildings, and (f) reviewing and recommending on final

plans.

They shall report through the Office of Vice-Chancellor for Academic Affairs to the Chancellor and periodically to the Faculty

Council.

During the preparation of the preliminary plans for the erec- tion of a particular building, the Vice-Chancellor for Academic Affairs wil l appoint a spec ia l c o m m i t t e e , composed of f acu l ty who have a d i r e c t i n t e r e s t in the p roposed building, to s e r v e until the completion thereof, one of whom will be designated as a voting member of the Faculty Building Committee for the specified building. Whenever a builaing is to include library facilities, the University librarian is to be added as a member of this committee, without vote.

Regent Josey seconded the m o t i o n which u n a n i m o u s l y p r e v a i l e d . (This will become a part of the institutional supplement (Ma~.n University) to the Rules and Regulations at such time as it is adopted.)

MAIN UNIVERSITY: WOMEN'S COOPERATIVE HOUSING, STATUS REPORT. --Chairman Heath read the status report submitted by the Administration on the Women's Cooperative Housing Project at the Main University. He pointed out (I) that the final plans pre- sented to the Board on July 8-9,1966, through the Buildings and Grounds Committee were neither approved nor disapproved by the Board, and (Z) that the Uz;'versity has an application for a loan with the department of Housing and Urban Development with which it is hoped this project will be financed. This application has not yet been acted on, and until it is acted on a contract cannot be let.

The recommendation of the administration that, "through utilization of the project committee and the Consulting Architects, the entire project be reviewed from a design concept, the number of girls which can be housedt and the location on the land available and report back to the Board of Regents at a later meeting, " was approved on motion

of Regent Josey, seconded by Regent Connally.

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R E P O R T Ol u" S T A N D I N G C O M M I T T E E S . . . . '

i REPORT OF THE EXECUTIVE COMMITTEE (See Page 38 for ~clop! tion.).~-Since the last meeting of the Board of Regents ~n-n July 9, the Executive Committee has approved the

(7)

' 8 - 2 7 - 6 6 to go to New York Ci ty f r o m Augus t 8 t h rough S e p t e m b e r 8, 1956 to a t t end N D E A I n s t i t u t e on Appl ied L i n g u i s t i c s f o r the H e a r i n g I m p a i r e d , Augus t 15 t h r o u g h S e p t e m b e r 2. D o c t o r Kopra i s to be r e i m b u r s e d $276.32 f o r t r a n s p o r t a t i o n f r o m c o n t r a c t funds.

(5) Main U n i v e r s i t y : P e r m i s s i o n to D o c t o r E a r n e s t F . f o r T r a v e l ( 2 T - Z 2 ) ~ . - - P e r m i s s i o n was g r a n t e d to D o c t o r E a r n e s t F . Gloyna~ P r o f e s s o r of Civ i l E n g i n e e r i n g , to go to Geneva~ S w i t z e r l a n d and Munich , G e r m a n y f r o m Augus t 8 t h r o u g h S e p t e m b e r 10, 1966 to a t t end the m e e t i n g of the W o r l d H e a l t h O r g a n i z a t i o n in G e n e v a and in Mun ich to a t t end the T h i r d I n t e r n a t i o n a l C o n f e r e n c e on W a t e r P o l l u t i o n C o n t r o l . P a r t of D o c t o r G l o y n a ' s e x p e n s e s wi l l be paid by W a t e r P o l l u t i o n C o n t r o l C o n f e r e n c e and W o r l d Hea l th O r g a n i z a t i o n wi th no e x p e n s e s to the U n i v e r s i t y .

(6) M e d i c a l B r a n c h : P e r m i s s i o n to D o c t o r D i e t e r A s s o r f o r T r a v e l ( 4 T - 7 ) ~ . - - P e r m i s s i o n was g r a n t e d to Doc to r Dieter A s s o r , I n s t r u c t o r , to go to L e i d e n , N e t h e r l a n d s f r o m Augus t ~2 t h r o u g h S e p t e m b e r 30, 1966 to a t tend the I n t e r - na t ional G e o g r a p h i c P a t h o l o g y C a r d i o V a s c u l a r D i s e a s e S y m p o s i u m ( this a l so i n c l u d e s h i s annual v a c a t i o n t ime) . D o c t o r A s s o r ' s e x p e n s e s to be r e i m b u r s e d a r e $600 f o r t r a n s p o r t a t i o n and $600 p e r d i em [40 days) wi th funds to c o m e f r o m P a t h o l o g y C u r r e n t R e s t r i c t e d funds .

Af. D. A n d e r s o n H o s p i t a l and T u m o r Ins t i tu t e : P e r m i s s i o n to D o c t o r R. L e e C l a r k f o r T r a v e l ( 6 T . ~ m i s s i o n was g r a n t e d to D o c t o r R. L e e C l a r k , D i r e c t o r of M. D. A n d e r - son H o s p i t a l and T u m o r In s t i t u t e and S u r g e o n - i n - C h i e f and P r o f e s s o r of S u r g e r y (1965-66), to go to Los Ange l e s , Cal i - f o r n i a on O c t o b e r 15, 1966 f o r a m e e t i n g with D o c t o r J u s t i n Stein, P r o f e s s o r of R a d i o l o g y at the U n i v e r s i t y of C a l i f o r n i a M e d i c a l C e n t e r , c o n c e r n i n g the Reg iona l M e d i c a l P r o g r a m in H~a~t D i s e a s e , C a n c e r , S t roke and R e l a t e d D i s e a s e s wi th e x p e n s e s to be p a y a b l e f r o m State funds ; to go to Tokyo, J a p a n O c t o b e r 15 t h r o u g h O c t o b e r 29, 1966 to p a r t i c i p a t e in the Ninth I n t e r n a t i o n a l C a n c e r C o n g r e s s and to p r e s e n t a p a p e r on "Re - hab i l i t a t i on of the C a n c e r P a t i e n t , i, and to a s s i s t in the p r e s e n t a t i o n of the i nv i t a t i on of the Uni ted S ta tes to hold the Ten th I n t e r n a t i o n a l C a n c e r C o n g r e s s in Houston; to go to Manil~ Hong Kong, Bangkok , Delhi , r~ombay, C a i r o and J e r u s a l e m f r o m O c t o b e r 30 t h r o u g h N o v e m b e r 10, 1966 to v i s i t r e s e a r c h c e n t e r s and c a n c e r f a c i l i t i e s and to c o n f e r with p h y s i c i a n s and s c i e n t i s t s c o n c e r n i n g m e t h o d s of t r e a t m e n t and educa t i ona l and r e s e a r c h p r o g r a m s , the m a j o r i t y of wh ich will be c o n s u l t a t i o n v i s i t s a t the r e q u e s t s of D o c t o r F r a n k Connel l of the China Med cal B o a r d ; to go to A thens j P r a g u e and London f r o m N o v e m b e r t h r o u g h N o v e m b e r 19 to v i s i t r e s e a r c h and c a n c e r f a c i l i t i e s f o r s i m i l a r e x c h a n g e s of i n f o r m a t i o n as in the F a r E a s t ; to go t o New York , New York N o v e m b e r 20 and 21 to m e e t wi th D o c t o r F r a n k L. H o r s f a l l , P r e s i d e n t and D i r e c t o r of M e m o r i a l Sloan K e t t e r i n g C a n c e r C e n t e r , f o r e x c h a n g e of i n f o r m a t i o n con- c e r n i n g p lann ing f o r Reg iona l M e d i c a l P r o g r a m s in H e a r t D i s e a s e s C a n c e r , S t roke j and R e l a t e d D i s e a s e s wi th emphasis on the r o l e of c a t e g o r i c a l c a n c e r i n s t i t u t e s .

tG2S

L ' ~ / ' : : k

.i

Approved by al l m e m b e r s o f the E x e c u t i v e C o m m i t t e e except Regent Olan who i s out of the c o u n t r y .

- 9 -

Item No

13,

! 8 - 2Z - 6 6 b Southwestern Med ica l School: Amendment to 1 966-67 C lass i f ied

Personnel Pa_~.y__~an (1-CI -66) . - - -T-~-e C lass l f ied Personne l Pay Plan for the S o u t h w e s t e r n M e d i c a l School was amended by adding the following c l a s s i f i c a t i o n , e f f e c t i v e S e p t e m b e r 1, 1966:

Code C l a s s i f i c a t i o n Mon th ly Rann.e Annual R a n ~ Step No o_

2209 R e s e a r c h N u r s e $ 4 3 9 - 565 $ 5 . 2 6 8 - 6 ,780 32

c Medical Branch: Acquisition of Lot 3. Block 489 (44-M-65) . _ I n compliance with the policies and procedures for the acquisition of

Block

489

d.

p r o p e r t i e s p r e v i o u s l y a p p r o v e d by the B o a r d of R e g e n t s the fol low- ing c o n t r a c t of sa le was a p p r o v e d as se t out below f o r the full B o a r d ' s c o n s i d e r a t i o n with a u t h o r i t y (1) f o r v o u c h e r and check to be i s sued and said check d e l i v e r e d in e x c h a n g e fo r w a r r a n t y deed and ev idence of good t i t le to the p rope r ty~ (2) f o r funds to pay for th is p r o p e r t y f rom funds p r e v i o u s l y r e c e i v e d f r o m The Scaly and Smith Founda t , on and /o r the a p p r o p r i a t i o n s p r e v i o u s l y m a d e by the B o a r d of R e g e n t s for the a c q u i s i t i o n o f f ' h i s p r o p e r t y , and (3) fo r Mr . W a r r e n G Harding to sign the~ '6ont rac t on beha l f of the B o a r d of Regen t s :

%

!r~,:n So. ,a9

~r,

9 ".

%.

~G

00.

MAIN UNIVER S1TY !8-27-66 163

Explanation Mary P. Vincent

Test ing and Counseling Center

Salary Rate

Present Status

P s y c h o l o g i s t III (F. T.) $7, 104

Curr~ c;Jlum and instruction Transfer of Funds F r o m : Una l loca ted

T r a v e l

Amount of T r a n s f e r $565

Eugene D. Pendergraft L:ngu~stics Research Center

Sa la ry Rate Source of Funds: Government Con- tract Funds

R e s e a r c h Sc i en t i s t (F . T. ) $15, 000

Proposed Status

P s y c h o l o g i s t .[[I ( l l Z T. ) $8, 160

To: CurricuD¢m and Instructzon Travel A c c o u n t

$565

Research Scientist (1/2 T. ) $18, 000

Effeclf~,e Date s

7 / ] / 6 6

7/1 /6f i

Extension Teaching and F~eld Service Bureau

Transfer of Funds From: Unapproprl.

ated Balance via Re.- estimated Income

Amount of T r a n s f e r $35 ,000

Industrial and Business Trainzng Bureau

Transfer of Funds From" Bureau

Salaries Account Amount of Transfer $5~ 000

Engineering Foundation

(Current Restrlcted Funds)

Transfer of Funds Fron~: Engineerlng

Foundati on -

Amount of Transfer

To: Ex t ens ion Teach ing and F i e l d S e r v i c e Bureau : Extension Classes and Consultant Services S30= 000 Mal ntenance; Ope rat}on and EquJpnae nt 5:000

$35:000 -

To" Bureau T r a v e l Accounl

S5.. 000

To: E n g i n e e r i n g Founda t ion -

Una[ loca ted Account Adrn]n i s t ra t Jve T r a v e l

$Io 800 $ I , 800

L

i: ~

C

-Ii-

/[ ..... ?i:- • ":L: ~ . '" ¸' "V:'L k . . . . . . .

i t e m

No.

102.

Item No.

33.

MAIN UNIVERSITY (Continued)

t 8 ' 2 7 - 6 6 ~.6,'~

ExlDtanation Physical Plant - Buildings and Grounds

Transfer of Funds

Amount of T r a n s f e r

Texas Union

Transfer of F u n d s

Amount of T r a n s f e r

P r e s e n t Status P r o p o s e d Status

F r o m : Main Un ive r s i t y To: Bui ld ings and Unapprop r i a t ed Grounds - F u r n i t u r e Ba lance and G e n e r a l

E q u i p m e n t $15.. 000 $15~ 000

F r o m : A u x i l i a r y E n t e r p r i s e s Unappro- p r i a t e d Balance via E s t i m a t e d Income

$25, o00

To: Texas U n i o n - M a i n t e n a n c e a n d ' Opera t ion

$25:000

Effect i Date

- - " - I

TEXAS WESTERN C O L L E G E I~

Explanat ion Frank B. Cotton T r u s t -

Current R e s t r i c t e d Fund

Transfe r of F u n d s

Amount of T r a n s f e r

Intercol legia te Ath le t ic s

Trans fe r of F u n d s

Amount of T r a n s f e r

P r e s e n t Status

F r o m : Cot ton T r u s t Unappropr i a t ed Ba lance

$I0, o00

F r o m : Unappropr i a t ed Ba lance - I n t e r c o l l e g i a t e A th l e t i c s

$ 833.33 (12 mos ,

P r o p o s e d Status Ef fec t iv

Date s

To: A p p r a i s a l Expense

$10,000

To: S a l a r i e s Account - I n t e r c o l l e g i a t e Athlet ic s S a l a r y for" A s s i s t a n t Foo tba l l Coach Donald Robbins

$ 833.33 Rate $10,000) 8 / I / 6 6

i ¸

{

i, i: I : !i

4

• IL !;i:i I

: , . I

-12-

i/

i~Tn

No

12

13

14

ARLINGTON STATE COLLEGE -/.6 8-27-66

Explanation Service D e p a r t m e n t s

- Data Processing

Present Status Proposed Status Ef fec t ive

Dates

Transfer of Funds

Amount of Transfer

Servlce Departments Libra ry Duplication

From: Unappropriated Balance via Estimated Income

$ ~ 1 , 8 4 5

To: Data P r o c e s s i n g - Capi ta l Outlay (Equipment)

$I, 845

Transfer of Funds F r o m : Unappropr i a t ed Ba lance v ia E s t i m a t e d Income

To: L i b r a r y Dupl icat ion Other Expense

Amount of T r a n s f e r $

Serv,ce D e p a r t m e n t s - Reproduction D e p a r t m e n t

300 $ 300

Transfer of Funds F r o m : Unappropr ia t ed Ba lance via E s t i m a t e d Income

Amount of Transfer

Auxl liary Enterprises Food Service Center

$i0,000

To: Reproduc t ion D e p a r t m e n t - Other Expense

$I0, 000

Transfer of Funds From: Unappropriated

Balance via Estimated Income

To: Food Serv ice Center - Wages

Amount of Transfer

Auxiliary Enterprises Exchange Store

$ 7 , 0 0 0 $ 7 , 0 0 0

Transfer of Funds From: Unappropriated

Balance via Estimated Income

To: Exchange Store - Other Expenses

Amount of T r a n s f e r $50 ,000 $50,000

-13-

MEDICAL BRANCH

: 8 - 2 7 - 6 6

~xplana£1on

Diet~.r Assor ~atk010gy

Salary Rata

Source of Funds: Current Restricted Funds - Pr0fessfonal Fees

Present Status

Instructor

$16,000

Instructor

818,000

Effec tiv Dates

7/1/66

SOUTHWESTERN MEDICAL SCHOOL

Explanation

fzmes A Belli Ra&olcgy Salary Rate

Source of Funds. U.S.P.H, S. Career Development Award

• ~:tchell P Tarkoff internal Medicine Salary Rate

Source of Funds: U.S.P.H.S. Grant

Present Status

Assistant Professor $ 1 8 , 0 0 0

Proposed S t a t u s

Assistant Professor $19,000

Effe c t~v D a t e s

7/I/66

F e l l o w Fellow

$ 6,500 $ 9,000 711166

.... :~,

M. D. ANDERSON HOSPITAL AND TUMOR INSTITUTE

Exp]anat:on

-~ames D. Oates Medical Staff- Pathology Salary Rate

Source of Funds: NCI Training Grant

Patrick S. Alsuk Research_ Biology

Salary Rate

Source of Funds: NCI Traimng Grant

Present Status

Fellow in Pathology $ 6,500

Predoctoral Fellow in Biology

$ 4, 5oo

Proposed Status

Fellow in Pathology $ 8,500

P r e d o c t o r a l F e l l o w in B i o l o g y

$ 6,500

Effe c tive Dates

711166

711166

_,4

_E~planat, o n Present S t a t u s

Hvward W Highol t R~-search E x p e r i m e n t a l Rad'other ap,v

Salary Ra~c

Source of Funds : NCI Training Gran t

FelLow in Radio- .. therapy

$ 6,000

:,!arco Fiorentino Research- B:omathematics

Salary Rate

Source of !:.~ads: National Advisory Health Council Grants

Research Statist ical Analyst

$ 9, ooo

.Uasami Hirano Education- Office of Education Salary Rate

Fellow in Medicine $ 5 , 0 0 0

!.-adj Sooudl .!ducation_ Office of Educatlon

Salary Rate

X0e Z H e r n a n d e z Education_ Of f i ce of Education

Salary Rate

Robert H. 'Fr~rnble Education. Office of Education

Salary Rate

Raui[. Lede 'Education_ Office of Education Salary Rate

Manuel_ Niche!as Fernandez ~aucation_ Office of Education Salary Rate

Resident in Maxiilofaci al Somato IDrostheszs

$ 4, ooo

Resident tn Anestheszology

$ 6,000

Resident in Radiotherapy

$ 5, i00

Fellow in Pathology $ 3, 500

Fellow in Medicine $ 5,000

Source of Funds: Grant Funds and General Budget Funds

1.6,.3 i ,

8 - 2 7 - 6~.fecti,,e=~ Proposed Status Dates

Fellow in Radio- therapy

$ 9,000 7 / 1 / 6 6

Research Statistical Analyst

$I0,920 7 / 1 / 6 6

Fellow in Medicine $ 7,000 7/I/66

Resident in Maxillofacial Somato

Prosthesis $ 6, ooo 7 / 1 / 6 6

Resident in Anesthesiology

$ 7,000 7 / i / 6 6

Resident in Radiotherapy

$ 6 ,300 711166

Fellow in Pathology $7,000 7 / I / 66

Fellow in Medicine $ 6,000 711166

-15-

GRADUATE SCHOOL OF BIOMEDICAL SCIENCES AT HOUSTON

F.x__pplanatio n

Dices:on of G r a d u a t e S tud i e s

Tra:.sfer of F u n d s

Amount of Transfer

Present Sta tu s

F r o m : U n a p p r o p r i a t e d Surplus

$ 3,000

Proposed Sta tus

To: Educational and Instruction Expenses

$ 3,000

8-27-6 Ef fe c t i v

D a t e s

f.

g.

Medical Branch:Permission to Rent Off-Campus Space for Housin~ of Regional Medical Program Personnel (45_lxA_6"---~5).__Permission was granted to the Medical Branch to enter into a lease agreement for the rental of i, 750 square feet of space in the Sealy and Smith Professional Buil,~ing at a cost of 35¢ per square foot per month.

The space is to house new personnel provided for by the Regional Medical Program Grant and is to be effective from the date of the grant for a period of two years. Authority was granted for the appropriate University official to sign the necessary lease agree- ment after it has been approved by the University Attorney as to form.

H__9_~Foundation: Sale of 1907 West Clay, Houston, Texas, Re- ceived Under the Will of Mrs. Eloise~Chalrners (46-M-65)

• - - T h e sa l e of the h o m e of M r s . E l o i s e He lb ig C h a l m e r s at 1907 West Clay, Houston, Texas, to Mr. and Mrs. William C. Harnble for a consideration of $8,500, payable $i, 000 down and the re-

mainder payable in monthly installments over a period of ten years at six per cent interest with full prepayment privileges was author- ized. No sales commission is involved in this transaction, The Chairnlan of the Boar-./ was authorized to execute the appropriate papers for this sale when they have been approved as to form hy

the University Attorney and as to content by the Endowment Officer.

Texas Western College: Contract with Associated Food Services, Inc. (48-M- 65). -- The following contract between the Texas Western Col l ege of The U n i v e r s i t y of T e x a s , E l P a s o , T e x a s , and A s s o c i a t e d F o o d S e r v i c e s , I n c . , of D a l l a s , T e x a s , f o r the o p e r a t i o n of the Main Din ing H a l l and M i n e r s Ha'~l Din ing R o o m at T e x a s W e s t e r n Co l l ege f o r the 1 9 6 6 - 6 7 f i s c a l y e a r w a s a u t h o r i z e d . B u s i n e s s M a n a g e r St. C l a i r w a s a u t h o r i z e d to e x e c u t e the c o n t r a c t f o r T e x a s W e s t e r n C o l l e g e w h i c h c o n t r a c t h a s been a p p r o v e d as to form by University Attorney Waldrep: (See Pages 17 - Z2 .)

q

~i ̧

-16-

0 f

0

CONTRACT

OF TEnS X 8 - 2 Z - 6 I

COUNTY OF EL PASO

I This CONTRACT made and entered into on t h e day of

, 1966, by and between TEXAS WESTERN COLLEGE OF

~ UNIVERSITY OF TEXAS, E1 Paso, Texas, hereinafter referred to

as "College," and ASSOCIATED FOOD SERVICES, INC , of Dallas,

i I! re as, hereinafter referred to as "A.F.S.I., WITNESSETH: I I.

i A. The College will furnish all physical facilities and

ipment, utilities and maintenance necessary for the operation

the student dining facility referred to as the Main Dining

l, on the campus of Texas Western College of The University o

is, and will furnish the repair 'and maintenance normally

,ired to keep these facilities and equipment in good repair

working order, except for harm thereto caused by A.F.S.I.

.ful or negligent operation, ordinary wear and tear excepted.

B. A.F.S.I. will furnish all the management, personnel,

i and drink necessary to the operation of the dining hall

pt for ~he furnishing and maintaining the above-mentioned

lities and equipment. A.F.S.I. will have full and independer

,onsibility of the dining hall, its operations, and personnel

oyed and the quality and availability of the food and drink

ed, subject to the approval of College.

i. A.F.S.I. agrees to furnish meals in accordance

with the following basic weekly meal plan:

a. Breakfast: (Seven (7) meals)

Choice of a juice or fruit.

Choice of hot or cold cereal.

Eggs to be served at least 5 days each week. /

Breakfast meat to be served at least 6 days each week.

Hot cakes or french toast at least 2 days each week.

- 1 7 -

..636

,2

w I f

O O

C.

b.

8-27-66 Doughnuts or sweet rolls to be served at least 2 days each week.

Toast or biscuits to be served at least 6 days each week.

Coffee, hot chocolate and hot tea will be available and unrestricted each day. Milk limited to two glasses.

Lunch and dinner will be basically alike with

lighter food served at lunch. (Thirteen (13)

meals)

Soup will be served at least 5 days each week, at both meals.

Students will have a choice of one entree from a selection of at least two.

Two vegetables from a selection of at least four.

One salad from a selection of at least four.

One dessert from a selection of at least three.

Hot rolls and/or cornbread daily.

Ice tea, coffee, Coca Cola and fruit punch drinks will be unrestricted. Milk limited to two glasses.

Seconds will be allowed on vegetables, salads, most desserts and certain inexpensive entrees.

2. An attractive relish and condiment table with a

large green salad bowl will be set for all lunch

and dinner meals.

3. A special candlelight buffet or banquet will be

served before each Holiday period - such as

Easter, Thanksgiving, Chris~nas, etc.

4. The Freshman or "all-school" picnic will be

served on Campus in September or on a date

designated by the College.

A.F.S.I. will provide the following additional service~

I. Banquets, luncheons or buffets will be served

to any college-affillated groups where payment

is from College funds at negotiated rate per

person. All other banquetsp luncheons, or

buffets will be served at a mutually negotiated

price. -18-

J ~ ~t

0 J

8- 27 -66r 2. Meals served to non-boarders, faculty members

and guests on a cash basis will be at r/%e

following prices •

a. Breakfast - $ .70

b. Lunch - $ .85

c. Dinner - $ .95

d. Sunday dinner - $1.25

D. It is hereby agreed that the College at the end of eac~

m?nth, and not later than the 15th of the following month, will pay to

AIF.S.I. board for all dormitory students. The rate shall be $ .50

plr day per dormitory student for the first semester and $1.50 ,er

d y per dormitory student for the second semester and $1.50 per

y per dormitory student for the summer session. The number o!

,,dents per day shall be based on a daily inventory of dormito

uden=s. No payment will be made for those days designated by

e College as holidays.

i. A mutually negotiated rate will be established

for special resident groups during the summer.

2. All meals are subject to state sales tax where

applicable.

]I E" A'.F'S-I. agrees to pay to the College the following

~is s ions.

.;3S

(i/ii

i ̧

I. I Fifteen per cent (15%) of regular ~ash sales in

cafeteria.

2. Fifteen per cent (15%) of cash or charge sales

for banquets, special groups, etc.

3. Ten per cent (I0%) of sales income from coupon

books of special meal tickets sold to students,

faculty, and staff.

F. It is agreed that A.F.S.I. will be fully responsible fir

[ debts and any operational losses that may be incurred.

G. A.F.S.I. agrees to a small equipment inventory (china,

~ssware, silverware, kitchen utensils, etc.) at the start of

~contract period, agreeing to maintain the inventory level a~|

-19-

0

8 - 2 ? -6( ! will purchase addi t ional small goods i f necessary to the e f f i c i , mcy

she food service operation. The purchase of such small good~

El be at the expense of A.F.S.I. At the termination of the

c =rat= all small goods purchased by A.F.S.I. becomes the

p 0percy of the College with the following exceptions:

i. Special equipment such as portable steam tables,

airvoids, deep fat fryers, chafing dishes,

special china and silverware for banquets, etc.

Items such as these shall remain the property

of A.F.S.I.

i H. A.F.S.I. agrees to furnish all meal cards for dormitor s zdents.

I l. A.F.S.I. agrees to purchase from the College at the

c ~mencement of the term of this contract its inventory of food

a~ groceries and similar supplies on hand based on the invento: v~uejof the same. r

II . A.F.S.I. agrees to serve twenty (20) meals to three of

t~ dormitory supervisors at no charge to the College. II

I. All other dormitory supervisors will be served

20 meals per week at charge of $1.50 per day

to the College.

2. The College will furnish A.F.S.I. with a llst i

of names of dormitory supervisors who will

receive meals under the above plan.

ii '

II.

TERMINATION

I The term of this agreement shall be from September I, 1966

th ough August 31, 1967. This contract may be cancelled by eit]

pa~ty upon giving at least but not less than ninety (90) days'

n°lice, in writing, to the other party. Upon termination A.F.S

will forthwith yield ~.he space occupied hereunder.

Ill.

II A.F.S.I. will at all times during this agreement maintain

f°/ce the following types of insurance:

r

¸ i

i! ~i~ .....

; ¢

: 4

IL

°° °, • °

.

.

8 - 2 7 - 6 6 Standard workmen's compensation and employer's

liability insurance providing statutory

benefits for A.F.S.I. employees.

Comprehensive general liability insurance pro-

riding coverage for injury or death to third

parties, including food products liability and

damage to property of third parties with limits

for bodily injury of 100/400,000 and 25~000

property damage.

I 3. Automobile bodily injury and property d~m=ge

liability insurance, including employer's non-

ownership liability with limits for bodily

injury of 100/400,000 and 25,000 property damage.

4. Comprehensive dishonesty, destruction, and

disappearance insurance with 5,000 fldelity, ~

coverage for each employee of A.F.S.I.

4

~l~t-w~ll-b e purpose of A.F.S.I. to operate within the

icies and schedules of the College and co-operate in every w~

;sible to create the type of food service that will reflect

)d student relations.

IN WITNESS WHEREOF, the parties hereto have execute~ this

ment on the day and year above written.

TEXAS WESTERN COLLEGE OF THE UNIVERSITY OF TEXAS

By.

ASSOCIATED FOOD SERVICES, INC.

By

-21-

Neal G. Gagliardo President

i °

16 0

i I

,~+! ̧ !,

SUPPLEMENT NUMBER I

FOOD SERVICE CONTRACT

Z

'IC DINING HALL - (Miners Hall)

IVE DATE: 15th day of August, 1966.

8-27-66

I. It is agreed and understood that all conditions and ~gz

ts as set forth for the}Cain Dining Hall will apply to th~ /

letic Dining Hail with the following exceptions:

A. Meals planned for the Athletic Dining Hail are

subject to the approval of the Head Football Coach.

B. The rate of the College's Athletes living in the

dormitories and required to use the dining hail

will be $2.50 per day.per person.

i. A.F.S.I. agrees to and understands that the

raue per day established will include pre-

game meals for those athletes participating

in home games.

C. A.F.S.I. agrees to serve meals to the member of thel i

I Coaching Staff and his family.assigned toMiners Hall at $2.50 per day per indlvidual. D. A.F.S.I. agrees to serve meals to visiting athletic

teams at the established rate of $2.50 per day

per person.

E. A.F.S.I. agrees to serve single meals to visiting

athleues at $ .85 per meal.

F. A.F.S.I. agrees to serve meals to other members of

the Coaching Staff and faculty members at the folio

rates :

Breakfas~ - $ .85

Dated this day of

WESTERN COLLEGE OF UNIVERSITy OF TEXAS

Lunch - $1.00 Dinner - $1.0q

,~ 1966....

ASSOCIATED FOOD SERVICES, INC.

~ e

ing

-22- President '

:1641

h. 8-27-66

Te.,:as Student P u b l i c a t i o n s , I n c . : M i n u t e s of M e e t i n g s of B o a r d of D i r e c t o r s , 1966 -67 B u d g e t and O t h e r A c t i o n s C o n t a i n e d T h e r e i n ( 4 7 . M - 6 5 and 4 9 - M - 6 5 ) . - - T h e m i n u t e s of the m e e t i n g s of the B o a r d of-Dir--ect--or--s o~ Tex--'-----as S tuden t P u b l i c a t i o n s , I n c . , held on T h u r s d a v , ]

1642

May 12, and T u e s d a y , J u n e 21, 1966, and the r e p o r t of the T e x a s J Student Publications Board Executive Commlttee were approved.

l In connection with the approval of these minutes and the report, the proposed actions of the Texas Student Publications Board were approved as follows: (1) The c r e a t i o n of the p o s i t i o n of A s s i s t a n t E d i t o r i a l M a n a g e r

of the T e x a n f o r the s u m m e r 1966.

(Z) A p p o i n t m e n t of V i r g i l Johnson : as M a n a g i n g E d i t o r of the Texan f o r the s u m m e r 1966.

(3) A p p o i n t m e n t of M r s . N a n c y D w y e r as Of f i ce A s s i s t a n t to r e p l a c e M r s . C r a : g iC'arnen who r e s i g n e d in A p r i l , at a s a l a r y of $260 p e r m o n t h e f f e c t i v e J u n e 1, 1966.

(4) A p p r o v a l of the 1966 -67 budge t f o r The U n i v e r s i t y of Texas~ T e x a s S tuden t P u b l i c a t i o n s : Inc . (A c o p y is in the bound v o l u m e of the 1 9 6 6 - 6 7 Annua l B u d g e t s , V o l u m e X X I . )

C h a n g e in T e x a n a p p e a l s p r o c e d u r e to p r o v i d e tha t no a p o e a l s of d e c i s i o n s m a d e by t h e ~ E d i t o r l a l M a n a g e r of The D a l l y T e x a n can be m a d e on the m g h t of p u b l i c a t i o n .

(61 A m e n d m e n t s to 1965-66 B u d g e t s :

(a) Add $800 to G e n e r a l O v e r h e a d W a g e s to a l low f o r e x t r a b o o k k e e p i n g and c l e r i c a l help.

,b) Add $7; 500 to I n c o m e from N a t i o n a l A d v e r t i s i n g R e v e n u e f o r The D a i l y T e x a n .

. . (c) Add $2, 300 to N a t i o n a l A d v e r t i s i n g C o m m i s s i o n .... ::

8-2Z-66 _Amendment s to 1 9 6 6 - 6 7 B u d g e t f o r M a i n U n i v e r s i t y . __ The anqend. m e n t s to the 1 9 6 6 - 6 7 B u d g e t f o r M a i n U n i v e r s i t y a s s e t out be low w e r e a p p r o v e d f o r r a t i f i c a t i o n :

1 6 4 3

E~, M A I N U N I V E R S I T Y A M E N D M E N T S TO 1 9 6 6 - 6 7 B U D G E T

GINEERING F O U N D A T I O N F A C U L T Y I M P R O V E M E N T G R A N T S F O R S t , L A R Y _S~PPORT. Dean McKetta writes: - - -- . . . . . . . . . . . .

"On behalf of the Engineering Foundation, the Board of Grants recomn ends thal E~_ineerlng F o u n d a t i o n F a c u l t y A w a r d s be g r a n t e d f o r o u t s t a n d i n g p e r f o r m a n c e to ~0se on the f o l l o w i n g l i s t . The t o t a l a m o u n t of t h e s e g r a n t s i s $ 2 3 , 0 0 0 to ,e p~:.d :~o:-:. E n g : n e e r i n g F o u n d a t i o n F a c u l t y I m p r o v e m e n t G r a n t s . (Budge t a l lo tm.~ra of 5~5:000, P a u e 6 0 7 . )

"In a c c o r d a n c e w i t h p r e v i o u s l y e s t a b l i s h e d p o l i c i e s , a l e t t e r wi l l be s,=nt To =h r e c * p t e n t s t a t i n g t h a t the a w a r d i s f o r o u t s t a n d i n g s e r v i c e s and d e v e l o a r n e n t r 'ng the p a s t y e a r and i s not a c o n t i n u i n g o b l i g a t i o n of the E n g i n e e r i n g Fc .undal icr j of the U n i v e r s i t y .

"Th)s y e a r it i s n e c e s s a r y f o r us to ho ld b a c k s o m e m o n e y so we c a n t tke c a r e some a d d i t i o n a l g r a d u a t e f e l l o w s h i p s . S ince t h i s m o n e y wi l l be t a k e n f r m the :uhv A w a r d G r a n t m o n e y , the t o t a l a w a r d s m o n e y i s l e s s than the $35:C130 glnal ly b u d g e t e d . "

tn a c c o r d a n c e w i th U n i v e r s i t y p o l i c y and p r e c e d e n t , i t i s r e c o m m e n d e d tha t

mentutar wlthholdingbe m a d e in p r o v i s i o n s , e q u a l i n s t a l l m e n t s o v e r the 1966 -67 a c a d e m i c y e a r , s~jbject to

artment, Title and Name

~en_~',cal _EngJneer ing Professor

W. A. Cunnlngham

Assoc!ate Professor Kenneth B. Bischoff

~nglneerlng Professor

W. Wesley Eckenfelder Earnest F. Gloyna Lymon C. Reese J. Neils Thompson

Associate Professor John E. Breen Clyde E. Lee

Ass:stant Professor ( M e t e r o t o g y ) Amos Eddy

• ~ct r i c a l En ineerln Professor

A r w i n A. D o u g a l A r c h i e W. S t r a i t o n

Assistant Professor J. K. Aggarwal

-24-

E n g i n e e r i n g 1966- 67 Fou ndatlon Ac adern j

Support Rate

$ 1, 000 S 1 6 , 5 0 0

1,000 13,500

1,000 17,500 1,500 20,000 1,500 18,500 1,000 18=500

500 12,500 1,000 135500

1 , 0 0 0 12 ,000

1,500 22,500 1,000 25~000

500 1 1 , 5 0 0

!

! cj£~./litle and Name Mechanics professor E A. Ripperger

.4ssocia te Professor 5yron D. Tapley

~Ftic~IE~~

kofessor W. R, 5pthegrove

A~sistant Professor Stephen J, Gage John P. Stark

MAIN UNIVERSITY AMENDMENTS TO 1966-67 BUDGET

Engineering Foundation

$ 1,000

1,000

I, 000

500 1,000

8 - 2 7 - 6 6 196 ~-67 Academic

Rate

$19,000

14,000

19,500

i0,000 ii, 500

I.G,

/%

.]

Associate Professor Kenneth E, Gray

!:~_of t_.he Dean of E n ~

D~an; Professor (Chemical Engineering) John K. McKetta

~.~sistant Dean; Professor (Mechanical Engineering) .'-. E, Amstead

rote1

1,000

3,000

15,500

23,000

18,500

-25-

MAIN UNIVERSITY AMENDMENTS TO 1966-67 BUDGET

8 - 2 7 - 6 6

.PETROLEUM RESEARCH COMMITTEE, 1966-67 BUDGET FOR THE UNIVERSITY OF TEXAS 510N

! ~r Robert ~. Whiting, Acting Director of the Texas Petroleum Research Committee, has :f0r~,arded the recommended 1966-67 Budget for The Univers~ ~:y of Texas Division. He :ep0rts that in accordance with the By-Laws of TPRC that the budget has been approved by the Committee.

l~he t, niversity of Texas D i v i s i o n o p e r a t e s wi th TPRC through an agreement to f u r n i s h l~ervices, etc. ; t h e r e f o r e , i t i s in o r d e r to p r e s e n t the budge t fo r the p o r t i o n o f ~he funds allocated to The University of Texas for consideration by the Board of Regents of The University of Texas.

.1. 6 ' I

5tlMAIED INCOME

BUDGET OF THE"UNIVERSITYDIVISION TEXAS'EETROLEUMRESEARCH CDMM~TTEE

Fiscal Year 1966-67 (12 Months)

0he-half of State Appropriation to Oil and Gas Division 0fRMlroad Commission of Texas out of Special Fund known as 0il and Gas Enforcement Fund in State Treasury

[0L~L ESTIMATED INCOME:

5.q~IED EXPENDITURES :

1965-66 1966-67

$6_~0 000. O0

ooo o o

[tern Supplemental Dat& (0 1965-66 1966-67

S7104 , m . f l

S7440 $8160

D i r e c t o r ( P a r t Time)

Assistant D i r e c t o r I. H. Silberberg

Administrative Secretary Shirley A. Agee

Resea rch Engineer A s s o c i a t e II David L. K e l l e y ( 1 / 2 T. 9 / 1 - 5 / 3 1 ;

Fri l l Time 6 / 1 - 8 / 3 1 ) Base S a l a r y Ra te (12 mos.)

~ i l ~ l a m ~.,S~yth ( 1 / 2 T. 9 / 1 - 5 / 3 1 ; Full Time 6/1-8/31) Base Salary Rate (12 mos,)

Budget Budget 1965-66 1966-67

. . . . . (A) ..... (A)

$13,000, O0 $14,000o O0

4,392,00 5,028,00

4;4401 oo . . . . .

4 ,650 ,00 5,100,00

$7800 $8160

Herald N, Winkler (112 T. 911-5131; Full Time 6/i-8/31) Base Salary Rate (12 mos.)

4,875,00 5,100.00

$7440

(1 /2 T. 9 / 1 - 5 / 3 1 ; Ful l Time 6 / 1 - 8 / 3 1 ) Base Salary Rate (12 mos.)

4 ,650 ,00

Research Engineer Assoc ia t e I

$6468

Roy T. HcLamore ( 1 / 2 T, 9 / 1 - 5 / 3 1 ; Ful l Time 6 / 1 ' 8 / 3 1 ) Base Salary Rate (12 mos.)

4. 042.50

- 2 6 -

+¢.!

' 8- 2 7 -6 Report of ~ Special Committee on Bank Depositories (Polici Roster of Banks with Formulae for Allocation of Time Deposits, Instructions for Handling Demand Dep,.__osits, Changes in Present (1965-66) Depository Agreements, and Recommended Form of Depository Agreement) (50-IV[-65).,_ The following report

Regents' Special Committee on Bank Depositories and Procedures was unanimously adopted in the following form as presented by Special Committee Chairman Erwin:

Report of the Regents' Special Committee on Bank Depositories and Procedures

" T h e R e g e n t s ' S p e c i a l C o m m i t t e e on B a n k D e p o s i t o r i e s a n d P r o - c e d u r e s h e r e w i t h s u b m i t s i t s r e p o r t :

(I) Proposed Bank Depository Policies

(b)

(c)

(a) E a c h i n s t i t u t i o n w i l l p l a c e a l l of i t s a c t i v e a c c o u n t s in o n e b a n k s e l e c t e d f r o m t h o s e b a n k s a p p r o v e d by the Board of Regents for such institution's active accounts. Such active accounts shall be kept on demand deposit and shall remain in such bank for one fiscal year and shall thereafter be rotated on an annual basis among those banks approved by the Board for such institution's actlve accounts. (See Item (2), Page 28 . ) Provided, however, that this paragraph shall not apply to the active accounts of Central Administration and the Main University. Recommendations for the handling of those active accounts will be presented at the August meeting of the Board. (See Item 1 , Page 37 . )

E a c h i n s t i t u t i o n w i l l k e e p in i t s a c t i v e a c c o u n t s o n l y so m u c h of i t s f u n d s a s a r e r e q u i r e d f o r t h e efficient management of its fiscal affazrs. All of its other funds shall be kept on time deposit in inactive accounts. [t is Intended that the placing of all active accounts in one bank will permit larger balances to be placed on time deposit.

T h e z o r m u l a e a p p r o v e d by the B o a r d of R e g e n t s f o r t h e a l l o c a t i o n s of f u n d s b e t w e e n d e p o s i t o r y banks will apply to time deposits only.

(d) T h e c h i e f f i s c a l o f f i c e r of e a c h i n s t i t u t i o n w i l l m e e t w i t h r e p r e s e n t a t i v e s of t he d e p o s i t o r y b a n k s a p p r o v e d f o r t h a t i n s t i t u t i o n a n d r e v i e w the n e w d e p o s i t o r y c o n t r a c t . T h e d e p o s i t o r y b a n k s a p p r o v e d f o r a c t i v e a c c o u n t s w i l l d r a w f o r the o r d e r i n w h i c h s u c h a c t i v e a c c o u n t s w i l l be r o t a t e d b e t w e e n t h e b a n k s . (See I t e m (2) , P a g e 28 . )

1646

,i': I- +,,

-Z7-

(e)

(f)

(2)

8-27-6b The s t a n d a r d D e p o s i t o r y A g r e e m e n t will be o f f e r e d to each depository bank approved by the Board of Regents, but there will be no negotlatlon with individual banks over the terms of the agreement.

Any approved bank which does not wish to sign the standard form of the agreement will not be a

depository bank for The University of Texas SFste m or any component institution thereof.

A c o m p r e h e n s i v e , s e m i . a n n u a l r e p o r t will be m a d e to the B o a r d of R e g e n t s by each ins~'.tution with r e s p e c t to i ts d e p o s i t s and deposi tor) , banks dur ing the p r e c e d i n g six m o n t h per iod ,

Proposed Roster of Depository Banks, with Formulae for the Allocation of Time Deposits and Instructions for the klandiing of Certain Demand Deposits (All banks listed are approved for time deposits.)

Formulae fo r Allocation of Time Depos i t s

60%

30%

10%

[(Prorated

on Basis of

Capital

Structures)

Med ica l B r a n c h (Galveston)

F i r s t Hutchings Sealv Nat ional

Moody Nat ional

Umted Sta tes Nat ional

T e x a s W e s t e r n (El Paso )

State Nat ional

IE[ Paso National

Southwest National

Che[mont State

Approved for Active

Accounts

X

X

(Payroll Account on[

X

X

30%

30%

20%

20%

Southwestern Medical (Dallas)

First National

Repubhc National

National Bank of Commerce

Mercantile National

X

X

X

-28-

164V

! !i~i . . . . .

~ ,

I Formulae f o r :Allocation of Time D e p o s i t s

50%

25%

25%

io%

io%

15%

4o%

15%

10%

30%

30%

20%

1o%

30%

30%

zo%

lo%

lo%

South T e x a s M e d i c a l (San A n t o n i o )

F r o s t N a t i o n a l

N a t i o n a l B a n k of C o m m e r c e

P a n A m e r i c a n

A r l i n ~

i F i r s t Na t io r ' a ! ( D a l l a s )

R e p u b l i c N a t i o n a l {Da l l a s )

F i r s t N a t i o n a l ( F o r t Wor th}

F o r t W o r t h N a t i o n a l ( F o r t Wor th}

A r l i n g t o n S ta te ( A r l i n g t o n )

F i r s t N a t i o n a l ( A r l i n g t o n )

D e n t a l B r a n c h (Houston ' )

B a n k of the S o u t h w e s t

F i r s t C i ty N a t i o n a l

T e x a s N a t i o n a l Bank of C o m m e r c e

C e n t r a l N a t i o n a l

F a n m n

M. D. A n d e r s o n ( H o u s t o n l

B a n k of the S c ~ t h w e s t

F i r s t C i t y N a t i o n a l

T e x a s N a t i o n a l B a n k of C o m m e r c e

C e n t r a l N a t i o n a l

F a n n i n

-29-

8- 2.7-66 A p p r o v e d f o r

A c t i v e Accounts

X

X

X

X

x (A)

x (A)

x !A)

x (A)

X (A)

x (A)

1648

< i! ~

FormuLae fo r Allocat ion of Time D e p o s i t s

(Rotate A n n u a l l y

Among A p p r o v e d

Banks)

I (P ro ra t ed

on B a s i s

0f Capi ta l

S t ruc tu re s )

G . S . B . S . {Hous ton)

B a n k of the S n u t h w e s t

F i r s t C i ty National

Texas National Bank of Commerce

Main Universi~

Central Administration (Aus t in )

A m e r i c a n N a t i o n a l

A u s t i n N a t i o n a l

C a p i t a l N a t i o n a l

C i t y N a t i o n a l

T e x a s S ta t e

C i t i z e n s N a t i o n a l

8 - 2 7 - 6 6

A p p r o v e d f o r A c t i v e Accounts

x (A)

X (A)

x (A)

x (B)

X (B)

X (B)

X (B)

X (B)

X (B)

(3) A T a b u l a t i o n of P r o p o s e d C h a n g e s in the P r e s e n t D e p o s i - t o r y A g r e e m e n t

I.

.

Current

Term of A_~reement: For a one-year period.

C o l l a t e r a l : Al l f u n d s on d e p o s i t s h a l l be s e c u r e d wi th b o n d s o r o t h e r e v i - d e n c e s of d i r e c t i n d e b t e d - n e s s of t he Un i t ed Sta tes~ or bonds of The Univer- sity of Texas, or Perma-

1.

2.

T e r m of A g r e e m e n t : F o r an i n d e f l n i t e p e r i o d w i th the r i g h t of c a n c e l l a t i o n by e i t h e r p a r t y on 90 d a y s a d v a n c e w r i t t e n n o t i c e .

Collateral All funds on

deposit shall be secured with bonds or other evz-

dences of direct indebted- ness of the Unlted States, or bonds of the Board of

Regents of The Univer-

1.649

(A)

{B)

The active accounts of the Houston institutions will be rotated in such a way that no bank will ever have the active accounts of more than one institution during any fiscal year.

A recommendation for the handling of the active accounts in Austin will be presented at the August 26 - 27, 1966 meeting of the Board. (See Page 37 .)

-30-

.

.

.

nent U n i v e r s i t y F,md Bonds of Texas .A&M University.

S e p a r a t e d e p o s2 t o r y a g r e e m e n t s a r e in e f f e c t for e a c h c o m p o n e n t ~nsti- tution using deposltor v bank.

B a l a n c e in a c t i v e a c c o u n t s and in T i m e D e p o s i t s or T i m e C e r t i f i c a t e s of De- p o s i t U n d e r o r d l n a - ~ y - - - c o n d i t i o n s the a m o u n t of d e p o s i t s k e p t ~n the f o r m of T i m e D e p o s i t s , Open A c c o u n L a n d / o r T i m e C e r t i f i c a t e s of D e p o s i t will be b e t w e e n 50% and 60% of the t o t a l b a l a n c e s of a c t i v e accounts and b e t w e e n 75% and 90% of the t o t a l b a l a n c e s of zn- a c t i v e o r d o r m a n t accounts.

Rece,_~.t of interest on "Time Deposlts, Open

Account": Interest pay-

able quarterly as ~t

accrues on the last day of November, February~ May and August.

.

5.

8- 27-66

slty of Te~:as~ or Perma- nent Unfversity Fund Bonds of T e x a s A&M Un: ' ve rs l t y~ or bonds of the fo l l owing c a t e g o r i e s wh}ch a r e r a t e d A o r b e t t e r by M o o d y ' s and S t a n d a r d and - P o o r ' s , o r by e i t h e r i f not r a t e d by both: tax bonds of the S ta te of T e x a s , C o l l e g e s of the S ta t e of T e x a s Con. s t i t u t i o n a ] T a x b o n d s , l a x bonds of T e x a s c i t i e s , t ax bonds o f T e x a s count~es~ fax bonds of T e x a s ~ndependen t s c h o o l d l s t r i c t s ~ and revenue bonds of ut:bt y systems issued by Texas cities.

One d e p o s i t o r y a g r e e - m e n t w~ll be e x e c u t e d b e t w e e n e a c h bank and the B o a r d of R e g e n t s o f The University of Texas.

4. ( E ~ m ' hated}

Receipt of Interest on

"T~me Depos)ts= Open Acco__un._U': I n t e r e s t pay'-, a b l e m o n t h ) v a s It a c c r u e s on lhe l as t dav of each m o n t h .

1.6,50

-i ~ ~i

-31-

.

165_

I n t e r e s t r a t e s on T i m e D.~_posits and Notice of Withdrawal : Spec i f i c m i n i m u m r a t e s s u b j e c t to i n c r e a s e u n d e r c e r - tain cond i t i ons . Advance wr i t t en n o t i c e s of wi th- draws1 a r e n e c e s s a r y on each depos i t .

.

8-27-66 I n t e r e s t r a t e s on T i m e

Withdrawal : I n t e r e s t rates shall be the maxi- mum permitted by the Board of Governors of the F e d e r a l R e s e r v e S y s t e m . " T i m e De- posits, Open Account" shal l be sub jec t to with . . . . . . . . . . . d r awaI a f t e r the m i n i . m u m advance no t ice p e r m i t t e d by the B o a r d of G o v e r n o r s of the F e d e r a l R e s e r v e S y s t e m f o r such a c c o u n t s . "

(4) P r o p o s e d S t anda rd D e p o s i t o r y A g r e e m e n t

Form BDA- I ~ili;

STATE OF TEXAS [

I ~TY OF TRAVIS [

BANK DEPOSITORY AGREEMENT

THIS AGREEMENT is m a d e and e n t e r e d into on the date l a s t h e r e i n w r i t t e n and between the BOARD OF REGENTS OF THE UNIVERSITY OF TEXAS 'einafter called "DEPOSITOR, " and

banking corporation, duly incorporated and authorized by law to do banking Lsiness in the State of Texas and now carrying on such business in said State, reinafter called "DEPOSITORY, " and

called "TRUSTEE, " and is as fo l lows :

I.

DEPOSITOR h e r e b y d e s i g n a t e s DEPOSITORY as a r e g u l a r d e p o s i t o r y fo r the ~eriod beginning S e p t e m b e r I, 1966 and cont inuing unti l this a g r e e m e n t has been :ancelled in a c c o r d a n c e wi th i ts p r o v i s i o n s , f o r c e r t a i n accoun t s in the n a m e of ~HE UNIVERSITY OF TEXAS (including accounts in the name of any component nstitution which is now or may hereafter become a part of The University of exas System), which a c c o u n t s sha / l be opened b y the DEPOSITOR des igna t ing ~e accounts and mak ing d e p o s i t s t h e r e i n and the D E P O S I T O R Y a c c e p t i n g sa id ep0slt.

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u. 8-2?-66 DEPOSITOR m a y d e p o s i t such of its funds as it m a y c h o o s e , and DEPOSITORY

shall receive such d e p o s i t s , on "Demand D e p o s i t ( s ) , " "Time D e p o s i t ( s ) , Open Account" and/or on "Time Certiflcate(s) of Deposit, " as designated by DEPOSITOR, and shall hold said '~Demand Deposit(s), " "Time Deposlt(s), Open Account" and/or "Time Certif icate(s) of D e p o s i t " subjec t to p a y m e n t in a c c o r d a n c e with the t e r m s 0f the deposit. D E P O S I T O R Y wi l l a l low, cred i t , and pay i n t e r e s t on such "Time Dep0sit(s), Open A c c o u n t , " a n d / o r "Time C e r t i f i c a t e ( s ) of D e p o s i t " at the m a x i m u m rate allowed by the r e g u l a t i o n s o f the Board of G o v e r n o r s of the F e d e r a l R e s e r v e System for such account , i , r e s p e c t i v e l y , wi th such i n t e r e s t to be paid on "Time Dep0sit(s), Open A c c o u u t " m o n t h l y as i t a c c r u e s on the l a s t day of each month , and at maturity on "Time C e r t i f i c a t e ( s ) of D e p o s i t " .

HI.

Subject to the provisionsas stated above as to "Time Deposit(s), Open Account"and subjec t to the t e r m s of the "Time Cer t i f i ca t e ( s ) of D e p o s i t , " DEPOSI- TORY shall pay on demand to the o r d e r of DEPOSITOR upon p r e s e n t a t i o n of c h e c k s , drafts° or v o u c h e r s p r o p e r l y i s s u e d , al l or any por t ion of sa id depos i t s now on deposit or to be d e p o s i t e d with sa id DEPOSITORY, f ree of e x p e n s e to DEPOSITOR, and DEPOSITOR wi l l not be l i ab le for , or be r e q u i r e d to pay DEPOSITORY, any service charges of any c h a r a c t e r w h a t s o e v e r in c o n n e c t i o n with the handl ing of :he accounts of DEPOSITOR, e x c e p t s u c h c h a r g e s as are requ ired b y law to be charged to DEPOSITOR.

IV.

All funds on deposit with DEPOSITORY to the credit of the above DEPOSITOR (including "Demand Deposit(s), " "Time Deposlt(s), Open Account" and "Time Certificate(s ) of D e p o s i t ' ) s h a l l be s e c u r e d w i th b o n d s or o t h e r e v i d e n c e s of d i r e c t indebtedness of the U n i t e d S t a t e s , bonds of the B o a r d o f R e g e n t s of The U n i v e r s i t y of Texas, Permanent University Funds Bonds of Texas A&A~ University, and/or bonds of the following categories which are rated A or better by Moodyts and Standard & PoorZs, or by either if not rated by both: tax bonds of the State of Texas, Colleges of the State of Texas Constitutional Tax bonds, tax bonds of Texas cities, tax bonds of Texas counties, tax bonds of Texas independent school districts, and revenue bonds of utility systems issued by Texas cities, (all of which above listed evidences of i n d e b t e d n e s s a r e h e r e i n a f t e r c o l l e c t i v e l y c a l l e d " b o n d s " ) , h a v i n g an aggregate m a r k e t v a l u e , e x c l u s i v e of a c c r u e d i n t e r e s t , at a l l t i m e s at l e a s t e q u a l to :he sum of the b a l a n c e s on d e p o s i t w i t h D E P O S I T O R Y in a l l a c c o u n t s o f the DEPOSITOR.

V.

DEPOSITORY has heretofore or vrlll immediately hereafter dellver to TRUSTEE bonds of the kind and character above mentioned sufficient in amount to cover fully the funds of sa id D E P O S I T O R nov," or h e r e a f t e r d e p o s i t e d wi th sa id DEPOSITORY! Which bonds sha l l have at a l l t i m e s an a g g r e g a t e m a r k e t va lue , e x c l u s i v e of a c c r u e d interest, equal to the to ta l a m o u n t of a l l s u c h ~unds on d e p o s i t . Said ~,onds or the

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r , " 8-27-66 subst/tute bonds, as h e r e i n a f t e r p r o v i d e d f o r , sha l l be kep t and :rained by T R U S in ~ust so long as the depository relationship between DEPOSITOR AND DEI~)SI,~TD E shall exist h e r e u n d e r , and t h e r e a f t e r so long as s a id p a s t d e p o s i t s o r f u t u r e d e p o s i t s made by DEPOSITOR wi th D E P O S I T O R Y , o r a n y p o r t i o n t h e r e o f , sha l l have no t b e e n ?r0perly paid out by DEPOSITORY.

l

VI.

TRUSTEE h e r e b y a g r e e s to a c c e p t sa id bonds and hold the s a m e in t r u s t f o r ::~e purpose herein stated.

~ Q

It is d i s t inc t ly u n d e r s t o o d b y a l l the p a r t i e s h e r e t o tha t T R U S T E E sha l l not be required to as c e r t a i n the a m o u n t of funds on d e p o s i t b y the DEPOSITOR with DEPOSITORY, nor the validity, authenticity, genuineness, or negotiability of :?,e securities deposited hereunder with TRUSTEE by DEPOSITORY, and shall be iiable :o no one h e r e u n d e r e x c e p t f o r the s a f e k e e p i n g of the s e c u r i t i e s h e r e i n p r o v :or as and when r e c e i v e d , and the o r d i n a r y n e g l i g e n c e of i ts own o f f i c e r s , a g e n t s , and employees.

VIII.

Should DEPOSITORY fail at any time to pay immediately and satisfy upon presentation any check, draft, or voucher lawfully drawn upon any '~Demand Deposit, " or fail at any time to pay and satisfy, when due, any check, draft, or voucher lav~ully drawn against any time deposit and the interest on such time deposit, or in case DEPOSITORY becomes insolvent or in any manner breaches

, hs contract with DEPOSITOR, it shall be the duty of TRUSTEE, upon demand of :i DEPOSITOR (supported by proper evidence of any of the above-llsted circumstances}, :0 sell such bonds, and out of the proceeds therefrom pay DEPOSITOR all damages and losses sustained by it, together with all expenses of any kind and every kind incurred by it on account of such failure or insolvency, or sale, accounting to DEPOSITORY. for the remainder, if any, of said proceeds.

IX. t

Any sale by T R U S T E E h e r e i n m a d e of such bonds , o r : a n y p a r t t h e r e o f , m a y be either at public o r p r i v a t e s a l e l p r o v i d e d , h o w e v e r , i t sha l l g ive to bo th DEPOSITOR and D E P O S I T O R Y no t i ce of the t i m e and p l ace w h e r e such sa le sha l l take place, and such sa le sha l l be to the h i g h e s t b i d d e r t h e r e f o r f o r ca sh . DEPOSITOR shall have the right to bid at such sale.

X.

If DEPOSITORY shall desire to sell or otherwise dispose of any one or more !0f said bonds so d e p o s i t e d wi th T R U S T E E , i t may , wi thout p r i o r a p p r o v a l of DEPOSITOR, substitute for any one or more of such bonds other bonds of the same market value and of the character authorized herein, which said right of substitution shall remain in full force and be exercised by DEPOSITORY as often as it may desire to sell or otherwise dispose of any such original bonds or substitute bonds! provided, however, that at all times the aggregate amount of such bonds deposited with TRUSTEE shall always he such that the aggregate market value thereof, exclusive of accrued in te res~; sha l l be a t l e a s t equa l to the s u m of DEPOSITORtS funds o r deposits in al l a c c o u n t s , and if, a+ a n y t i m e , the a g g r e g a t e a m o u n t of s u c h bonds

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- 2 7 - 6 6 i so deposited wi th T R U S T E E b e l e s s t h a n t he t o t a l s u m of t he D E P ( I S I T O 2 1 S f u n d s on deposit with s a id D E P O S I T O R Y , t h e n , in t h a t e v e n t , D E P O S I T O R Y s h a l l , upon

i~emand in wr i t i ng b y D E P O S I T O R , i m m e d i a t e l y d e p o s i t w i t h T R U S T E E s u c h additional bonds as may be necessary to equal the total sum o~sald deposits . . . . . DEPOSITORY shall be entitled to income on securities held by TRUSTEE, and TRUSTEE may dispose of such income as directed b y DEPOSITORY without :~ approval of DEPOSITOR.

XIe '~

TRUSTEE shall promptly forward to DEPOSITOR (via the Vice-Chancellor for I Business Affairs of The University of Texas System, or his delegate) copies Of safekeeping or trust receipts covering all such bonds held for DEPOSITORY, including substitute bonds as provided for herein.

P r o m p t l y a f t e r the end o f e a c h c a l e n d a r m o n t h , s a i d T R U S T E E s h a l l f u r n i s h :0 DEPOSITOR in w r i t i n g a s i g n e d s t a t e m e n t s h o w i n g a c o m p l e t e l y i t e m i z e d l l s t 0ithe bonds he ld as s e c u r i t y f o r D E P O S I T O R as o f t he l a s t d a y of the m o n t h {the original to go t o the V i c e - C h a n c e l l o r f o r B u s i n e s s A / f a i r s of The U n i v e r s i t y of Texas S y s t e m , o r h i s d e l e g a t e , and a c o p y to the B u s i n e s s ~ f a n a g e r o f t h e component i n s t i t u t i o n i n v o l v e d ) , and f u r t h e r , upon w r i t t e n r e q u e s t of t he D E P O S I shall furnish as o f a n y d a t e r e q u e s t e d a c o m p l e t e l y i t e m i z e d l i s t of t he b o n d s held as secur i ty f o r D E P O S I T O R o

~ B

If at any t i m e the b o n d s in t he h a n d s of T R U S T E E s h a l l have a m a r k e t value in e x c e s s o f the s u m of b a l a n c e s due D E P O S I T O R b y D E P O S I T O R Y , t h e n on the wr i t t en a u t h o r i z a t i o n o f the V i c e - C h a n c e l l o r f o r B u s i n e s s A f f a i r s o f The Un ive r s i t y of T e x a s S y s t e m , o r h i s d e l e g a t e , a u t h o r i z i n g t he w i t h d r a w a l o f a specified a m o u n t o f b o n d s , T R U S T E E s h a l l d e l i v e r t h i s a m o u n t o f b o n d s and no m o r e to, D E P O S I T O R Y , t a k i n g i t s r e c e i p t t h e r e f o r , and T R U S T E E s h a l l have no f u r t h e r l i a b i l i t y f o r b o n d s so r e d e l i v e r e d to D E P O S I T O R Y .

Ei ther D E P O S I T O R o r D E P O S I T O R Y s h a l l h a v e the r i g h t to t e r m i n a t e :his a g r e e m e n t b y a d v a n c e w r i t t e n n o t i c e to t h e o t h e r of i t s e l e c t i o n so to do , and this a g r e e m e n t s h a l l b e v o i d f r o m and a f t e r the e x p i r a t i o n o f n i n e t y (90) d a y s sfter the r e c e i p t o f s u c h n o t i c e , p r o v i d e d a l l p r o v i s i o n s o f t h i s a g r e e m e n t have been f u l f i l l e d .

XIVQ

When the relationship of DEPOSITOR and DEPOSITORY shall have ceased to exist between DEPOSITOR and DEPOSITORY, and when DEPOSITORY shall have p r o p e r l y p a i d ou t a l l o f s u c h p r e s e n t a n d f u t u r e d e p o s i t s o f D E P O S I T O R , i t shall be the d u t y o f D E P O S I T O R to g i v e T R U S T E E a c e r t i f i c a t e to t h a t e f f e c t , whereupon T R U S T E E s h a l l , w i t h the a p p r o v a l of D E P O S I T O R , r e d e l i v e r to DEPOSITORy all bonds then in its possession belonging to DEPOSITORY, taking its receipt therefor, and an order in writing on said TRUSTEE by DEPOSITOR and receipt for such bonds by DEPOSITORY shall be a full and f/nal release

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8-27-66 of TRUSTEE of al l du t i es ~ud obl igat ions ~nder t aken by i t by v i r t u e of t he se presents, and i t sha l l s t and fu l ly and f i n a l l y acqu i t t ed of a l l l i ab i l i t y of any kind and cha rac te r w h a t s o e v e r to both sa id DEPOSITOR and sa id DEPOSITORY.

Executed this d a y of authorized o f f i c e r s of the p a r t i e ~ , 19____, b y the u n d e r s i g n e d

TTEST: BOARD OF REGENTS OF THE UNIVERSITY O F TEXAS, DEPOSITOR

S e c r e t a r y By

Chairman

DEPOSITORY

C a s h i e r B y

l ~ e s i d ~

C a s h i e r B y

TRUSTEE

T r u s t Officez

m'

as to Content : Approved as to L e g a l F o r m .

v:ce-~hancellor fo r B u s i n e s s A f f a i r s of The Univers i ty of Texas S y s t e m

The Unive~..sity of Texas A t t o r n e y "

"The Special C o m m i t t e e , cons i s t i ng of Regent Connal ly , Regent J o s e y and m e , u n a n i m o u s l y r e c o m m e n d the adopt ion of th is r e p o r t . The r e p o r t has been r ev i ewed by, and has the approval of, the V i c e - C h a n c e U o r fo r B u s i n e s s Af fa i r s .

"In view of the need to have the new d e p o s i t o r y a g r e e m e n t s executed and in e f fec t on S e p t e m b e r 1, 1966, the Special Commi t t ee r e c o m m e n d s and r e q u e s t s tha t th is r e p o r t be submi t ted to the R e g e n t s ' Execu t ive C o m m i t t e e fo r act ion. "

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8-2?-6

At our m e e t i n g on y e s t e r d a y the f o r e g o i n g r e p o r t of the S p e c i a l C o m - mittee on Bank D e p o s i t o r y A g r e e m e n t s w a s a m e n d e d by:

I. Adding the f o l l o w i n g for handl ing a c c o u n t s in Aus t in banks for Centra l A d m i n i s t r a t i o n and M a i n U n i v e r s i t y (See P a g e 2 7 . ) :

The tota l d e p o s i t s sha l l be d i s t r i b u t e d in the a c t i v e bank a c c o u n t s on the a p p r o x i m a t e b a s i s of 75% in t i m e d e p o s i t s and 25% in c h e c k - ing a c c o u n t s .

The f o l l o w i n g s ix banks a r e d e s i g n a t e d as ac t i ve banks:

I. The A m e r i c a n N a t i o n a l Bank 2. The A u s t i n N a t i o n a l B a n k 3. The Capi ta l N a t i o n a l B a n k 4. The C i t y N a t i o n a l Bank 5. The T e x a s State Bank 6. The C i t i z e n s N a t i o n a l Bank

Total d e p o s i t s i n c l u d i n g both t i m e d e p o s i t s and c h e c k i n g a c c o u n t s shall be in ratio to the capital structure of the banks as reflected by the Financial Statements issued pursuant to the third quarter call of the Comptroller of the Currency on or about October 1 of each year.

To provide a higher percentage of cash funds to be deposited on time deposit and to improve operating procedures, all Central Administration and Main University Bank Accounts shall be closed and new accounts shall be styled only "The University of Texas= Austin, Texas" without designation as to Central Ad- ministration or Main University.

Unless otherwise specifically required by statute, bond resolu- tion: etc., separate checking accounts shah be combined into a single account styled "The University of Texas Operating Account•" Such operating account shall specifically include~ but not be limited to, checking account balances for General Funds, Trust Funds and Construction Funds. The "active" operating account and the Government Contract Payroll Account will be alternated between Austin National Bank~ Capital National Bank, and American National Bank in order to equalize the work load on the banks•

The current payroll account shall be separated into one payroll account for Government Contract Monthly payrolls and a special payroll account for all other payrolls. The Government Con- tract Payroll Account shall be rotated annually among the three large banks. The special payroll account shall be in the City National Bank.

It shall be the responsibility of the Auditor to maintain such accounts as are necessary to properly reflect the funds on time deposit and to credit the time deposit interest income to the

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8-27-66

p r o p e r i n c o m e a c c o u n t s . The b a n k s sha l l d e l i v e r i n t e r e s t in- come c h e c k s d i r e c t l y to the A u d i t o r o r f u r n i s h C r e d i t M e m o r a n d a in l i eu o f c h e c k s if so a u t h o r i z e d .

To the e x t e n t p o s s i b l e , a l l p h a s e s of the p lan wil l be e f f e c t i v e S e p t e m b e r l0 1966. H o w e v e r , f ina l i m p l e m e n t a t i o n wil l be g o v e r n e d by p r e s e n t m a t u r i n g t i m e d e p o s i t a c c o u n t s and d e l i v e r y of p r i n t e d c h e c k s .

That a f t e r the d e p o s i t a l l o c a t i o n s h a v e been thus d e t e r m i n e d , the U n i v e r s i t y A u d i t o r be d i r e c t e d once e a c h m o n t h to m a k e such t r a n s f e r s b~ tween the s ix A u s t i n d e p o s i t o r y banks as wi l l m a i n t a i n the d e p o s i t t o t a l in e a c h bank in a c c o r d a n c e with the e s t a b l i s h e d r a t i o s .

B a s e d on a w e e k l y c a s h r e v i e w the A u d i t o r will e n d e a v o r to m a i n t a i n the r a t i o s b e t w e e n the t h r e e l a r g e banks by the channe l ing of d a i l y d e p o s i t s .

2. A u t h o r i z i n g V i c e - C h a i r m a n E r w i n , V i c e - C h a n c e l l o r s W a l k e r and L a n d r u m , and any o t h e r m e m b e r of the B o a r d who can a r r a n g e to do so, to m e e t wi th the a p p r o p r i a t e o f f i c i a l s of the G a l v e s t o n , El P a s o , and San An ton io banks and b r i n g to the B o a r d a r e c o m m e n d a t i o n as to the d e m a n d d e p o s i t s f o r t h o s e banks .

r e c o m m e n d to you tha t the f o r e g o i n g r e p o r t of the E x e c u t i v e C o m m i t - e as a m e n d e d be r a t i f i e d by the B o a r d .

Adoption. of the R e p o r t . - - R e g e n t J o s e y s e c o n d e d the m o t i o n , and the repor t of the E x e c u t i v e C o m m i t t e e as p r e s e n t e d was u n a n i m o u s l y adopted with C h a i r m a n H e a t h and R e g e n t B r e n a n shown as " p r e s e n t but ~lot v o t i n g " on tha t p o r t i o n r e l a t i n g t~ ':,~.~k depc, s ~ e r ! e s . C h a i r m a n

Heath and R e g e n t B r e n a n r e m a i n e d in the m e e t i n g ~n o r d e r tha t t h e r e ,vouId be a q u o r u m p r e s e n t . (See p a g e 8_.:..)

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