85

77

teaching, research, and service, it touches the lives of many of our citizens and functions as 'observer, analyst and critic' of the life of the state. Its mission is central to the total educational effort of North Carolina and its economic well-being; and by virtue of its assignment of function, the University has an inescapable responsibility for the progress and welfare of the state.

"The successful meeting of its responsibility - the successful fulfillment of this purpose - depends primarily on the quality, competence, and dedication of the faculties and staff, upon proper facilities, and upon adequate library resources.

"We deeply appreciate the initiative being shown by the members of the Board of Trustees this year in arranging eight meetings of alumni of the three institutions all over this state at which the future of the University in higher education is being discussed. Obviously, if the University is to recoup from the loss of the bond issue in 1961, if it is to move ahead in meeting its own enrollment problem, if it is to position itself for stronger and more meaningful leadership in higher education, its budget program for the 1963 Legislature must be achieved. To do this we must have your vigorous and sustained support."

President Friday followed his statement by using charts to illustrate the basic points.

Upon motion made and seconded, the meeting then adjourned.

[signature]
Secretary