The Board of Trustees of Western Carolina University met in a special called meeting at 1:30 p. m. Wednesday, June 14, 1972, in the Conference Room of Bird Administration Building.

Closed Session Open Meeting Act

At the conclusion of the closed session, Dr. Hyde requested Mr. Frank H. Brown, Jr. and Mrs. Virginia Molinatto to join the business session.

The following members were present:

Dr. Wallace N. Hyde, Chairman
Mr. Thomas L. Mallonee, Vice-Chairman
Mr. Jack E. Abbott
Mr. C. Jack Arrington
Mr. Arnold Hyde
Mr. Ted Jordan
Senator Clyde M. Norton
Dr. Charles O. Van Gorder
Mr. E. J. Whitmire
Mr. H. Dwight Nelson

It was brought to the attention of the Board that Mr. F. Carl Harman and Mr. Boyce Whitmire were absent because of professional obligations, and Mr. Robert L. Edwards was on vacation. Motion was made by Dr. Van Gorder, seconded by Mr. Arnold Hyde, and unanimously carried that these absences be excused.

Mr. E. J. Whitmire presented a proposal concerning funds available in the Food Service subhead and University Center Bond and Interest Sinking Fund accounts; stating it was necessary to obtain immediate funds for the football stadium. It would be possible to transfer $25,000 from the University Center Bond and Interest Sinking Fund account, and to borrow $275,000 from the Food Service subhead account. The University Center account was made up of funds obtained from the students, and come under the requirements set forth in the Bond Agreement with approval of the Board of Trustees. If approval was granted to borrow the $275,000 from the Food Service subhead account, there would be a balance of $400,000 in that particular account. If these monies are borrowed and transferred to the stadium account, the contract could be let much earlier. After a lengthy discussion, it was moved by Mr. Jordan that the University transfer $25,000 from the University Center Bond and Interest Sinking Fund to the WCU Stadium Fund, and borrow $275,000 from the Food Service subhead account and deposit the same in the WCU Stadium Fund. Motion was seconded by Mr. Arrington and unanimously carried.

It was brought to the attention of the Board that inquiry should be made regarding the $400,000 balance in the Food Service subhead account being returned to Western Carolina University for deposit in University accounts for the purpose of drawing interest. Mr. E. J. Whitmire moved that the Food Service subhead balance be returned to Western Carolina University for deposit in University accounts for the purpose of drawing interest. Motion was seconded by Mr. Mallonee and unanimously carried.

Motion was made by Mr. Jordan, seconded by Mr. Mallonee, that the Board confirm the telephone poll made of the Board on May 12, 1972, with respect to the educational leave of Dr. Alex S. Pow, changing the expiration date from April 30, 1973 to June 30, 1973. Carried by the Board, with Mr. Arrington giving the only dissenting vote.

Mr. Brown suggested the following persons to serve on the committee for the naming of two residence halls: Dr. S. Aaron Hyatt, Chairman; Dr. Doug Davis, Coach Bob Ray, Mr. Arnold Hyde, Mr. Robert L. Edwards, Mr. Thomas L. Mallonee, Mrs. Mercedith Leatherwood (an alumnus), Miss Mary Blevins (student) and Mr. Greg Lockamy (student). Senator Norton moved to accept this committee, seconded by Mr. Arrington, and unanimously carried.

There being no further business, the meeting adjourned at 3:40 p.m. upon motion of Mr. Arnold Hyde, seconded by Senator Norton, and unanimously carried.

Respectfully submitted,

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Wallace N. Hyde, Chairman

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Frank H. Brown, Jr., Acting Secretary