-
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
I l I I I I ~ J
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Levi A. Olan, Member
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MEETING NO. 645
' 8 - 2 Z - 6 6 6 2 0
~ H
~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.
I _
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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
¸̧¸̧ill
.' :i~ ~
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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.
- 3 Z -
-
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
i ii
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• 1 6 5 ,
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
-34-
-
- 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
- 3 5 -
• L
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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
-37--
i,: ! 1656 .|
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,i
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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_.:..)
1657
0 ) ; :
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8-2?-66
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