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WHEREAS, the Woman's College has on hand in the Land Acquisition Account sufficient funds to purchase these pieces of real estate; and
WHEREAS, the Trustees Committee on Real Estate has approved the purchase of the above properties;
NOW, THEREFORE, BE IT RESOLVED by the Executive Committee that approval is hereby given for the purchase of either or both of the above described pieces of real estate for the use of the Woman's College, provided an agreement can be reached as to a price which is acceptable to the present owner, the Woman's College administration, and the Property Control Division of the Department of Administration; and that President William Friday, or his designated representative, is authorized to petition the Property Control Division of the Department of Administration to negotiate for the purchase of said real estate; and, provided further, that the cost thereof shall not exceed funds on hand and available for said purpose.
Estate of Richard Thomas Brooke, deceased - Power of Attorney
On motion of Mr. Taylor, duly seconded, unanimous approval was given for the execution by the Chairman and the Secretary of the Board of a Power of Attorney authorizing General Kenneth C. Royall to act on behalf of the University in the event a settlement is reached in a litigation now pending in the Georgia courts involving the estate of the father of Richard Thomas Brooke. Under the will of Richard Thomas Brooke, the University would receive a small interest in the estate of his father.
Vice President Anderson - New Degree Programs at State College
Dr. Anderson presented a request from State College for authorization to offer the following professional master's degrees:
Master of Applied Mathematics Master of Electrical Engineering Master of Textile Technology
Dr. Anderson stated that these degrees differ from the Master of Science degrees now authorized in these departments in the greater emphasis placed upon formal course work and upon the acquisition of professional skills. The new degrees have been recommended by the Graduate Executive Council.
Judge Mintz moved that the recommendation presented by Dr. Anderson for new Master's degrees at State College be approved. The motion was seconded and it was unanimously adopted.
Bond Resolution - Re: $2,000,000 North Carolina State College Dormitory Revenue Bonds - Series 1961.
A resolution entitled "RESOLUTION ESTABLISHING RENTALS AND PARIETAL RULES AND REGULATIONS FOR THE DORMITORY SYSTEM AT RALEIGH, NORTH CAROLINA, IN CONNECTION WITH THE ISSUANCE
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OF $2,000,000 NORTH CAROLINA STATE COLLEGE OF AGRICULTURE AND ENGINEERING OF THE UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS - SERIES 1961, AND REPEALING RESOLUTION ADOPTED ON JULY 9, 1962" was introduced, and Mr. Maynard moved that it be adopted. The motion was seconded by Mr. Taylor and the resolution was adopted by all members present voting for its adoption; those voting aginst its adoption: None.
The Chairman thereupon declared said resolution unanimously adopted and the Secretary was instructed to record it in the minutes of the Board.
The said resolution is in the following words and figures, to-wit:
RESOLUTION ESTABLISHING RENTALS AND PARIETAL RULES AND REGULATIONS FOR THE DORMITORY SYSTEM AT RALEIGH, NORTH CAROLINA, IN CONNECTION WITH THE ISSUANCE OF $2,000,000 NORTH CAROLINA STATE COLLEGE OF AGRICULTURE AND ENGINEERING OF THE UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS - SERIES 1961, AND REPEALING RESOLUTION ADOPTED ON JULY 9, 1962.
WHEREAS, the Board of Trustees of The University of North Carolina (herein called the "Board") by a resolution adopted by the Board on May 28, 1962, entitled:
"A RESOLUTION AUTHORIZING THE CONSTRUCTION OF A DORMITORY, WITH APPURTENANT FACILITIES, TO HOUSE APPROXIMATELY 808 MEN STUDENTS, TWO COUNSELORS AND TWO MANAGERS AT NORTH CAROLINA STATE COLLEGE OF AGRICULTURE AND ENGINEERING OF THE UNIVERSITY OF NORTH CAROLINA AND THE ISSUANCE OF $2,000,000 NORTH CAROLINA STATE COLLEGE OF AGRICULTURE AND ENGINEERING OF THE UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS - SERIES 1961 OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA TO PAY (WITH OTHER FUNDS) THE COST THEREOF; PROVIDING FOR THE PAYMENT OF SUCH BONDS AND THE INTEREST THEREON FROM REVENUES; AND SETTING FORTH THE RIGHTS AND REMEDIES OF THE HOLDERS OF SUCH BONDS."
(herein called the "Resolution"), authorized the issuance of $2,000,000 North Carolina State College of Agriculture and Engineering of the University of North Carolina Dormitory Revenue Bonds - Series 1961, for the purpose of providing funds for paying, with other available funds, the cost of a new dormitory, with appurtenant facilities, to house approximately 808 men students, two counsellors and two managers (herein and in the Resolution called the "Project"), at the North Carolina State College of Agriculture and Engineering of the University of North Carolina (hereinafter called the "College"), at Raleigh, North Carolina; and
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WHEREAS, the Board is maintaining and operating at the College certain dormitory facilities known, respectively, as Alexander Hall, Bagwell Hall, Becton Hall, Berry Hall, Fourth Hall, Gold Hall, Owen Hall, Stadium Hall, Syme Hall, Tucker Hall, Turlington Hall, Watauga Hall and Welch Hall (said dormitories being hereinafter sometimes collectively called the "Existing Dormitories"); and
WHEREAS, said bonds will be payable solely from revenues of the Project and, to the extent and as provided in the Resolution, certain revenues from the Existing Dormitories; and
WHEREAS, in Section 501 of the Resolution the Board covenants that it will at all times fix, charge and collect rentals and other charges for the facilities furnished by or for the right to use the facilities of the Project and the Existing Dormitories, or for the right to receive any such services, and that from time to time and as often as shall appear to be necessary it will revise such rentals and other charges, so that the revenues of the Project and such portion of the revenues of the Existing Dormitories as is provided for in the Resolution will at all times be sufficient, with any other available funds, to meet the requirements of said Section; and
WHEREAS, in Section 502 of the Resolution the Board covenants that, subject to the provisions of Section 502 of the resolution adopted by the Board on September 22, 1956, as amended and supplemented, authorizing the issuance of $2,000,000 North Carolina State College of Agriculture and Engineering of the University of North Carolina Dormitory Revenue Bonds Series 1956, and notwithstanding any other facilities which may now or hereafter be available for the housing of students at the College, the Board will require a sufficient number of students at the College to live in and use the Project and the Existing Dormitories (herein collectively called the "Dormitory System") and will adopt and enforce such parietal and other rules and regulations as will assure that the Dormitory System will be fully utilized at all times during the regular school terms at the College and to the fullest extent practicable at all times during any summer school term at the College, and that there shall be no free student occupancy of the Dormitory System; and
WHEREAS, the rental rates charged occupants of the Existing Dormitories on September 1, 1957 were $67.50 for each student occupant of the dormitories for each semester of the regular school term of two semesters and $24.00 for each student occupant of the dormitories for each term of the regular summer session; and
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WHEREAS, in the period from and after September 1, 1957 and prior to September 1, 1960 said rental rates for student occupants of the Existing Dormitories were increased $17.50 for each semester of the regular school term, thus making the rental rate therefor $85.00, and $6.00 for each term of the regular summer session, thus making the rental rate therefor $30.00; and
WHEREAS, the Executive Committee is of the opinion that the rental rates charged occupants of the Project upon completion thereof should be $85.00 for each student occupant thereof for each semester of the regular school term of two semesters and $30.00 for each student occupant thereof for each term of the regular summer session of two terms; and
WHEREAS, Section 902 of the Resolution provides that all rights, powers and privileges conferred and duties and liabilities imposed upon the Board by the provisions of the Resolution may be exercised or performed by the Executive Committee; now, therefore,
BE IT RESOLVED by the Executive Committee of the Board of Trustees of The University of North Carolina that:
Section 1. The increases after September 1, 1957 and prior to September 1, 1960 in the rental rates charged each student occupant of the Existing Dormitories during the regular and summer school sessions are hereby ratified, approved and confirmed, and said increases in rental rates of $17.50 per student occupant for each semester of the regular term of two semesters and $6.00 per student occupant for each term of the regular summer session of two terms are hereby fixed and made applicable to the Existing Dormitories and each student occupant of the Existing Dormitories shall be required to pay rental rates which include said increases.
Section 2. The rental rates to be charged each student occupant of the Project upon the completion thereof shall be $85.00 for each semester of the regular school term of two semesters and $30. 00 for each term of the regular summer session of two terms.
Section 3. Notwithstanding any other housing facilities of the College which may now or hereafter be available for students at the College, the officers of the College shall assign students at the College to the occupancy of its Existing Dormitories, the Project and Bragaw Hall in preference to any other housing facilities heretofore or hereafter provided
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at the College, in the following order of preference to the end that sufficient revenues will be provided to meet the requirements of the respective resolutions authorizing the issuance of the bonds hereinbelow mentioned:
(a) so long as there remain outstanding any of the $2,000,000 North Carolina State College of Agriculture and Engineering of the University of North Carolina Dormitory Revenue Bonds, Series 1956, issued pursuant to the resolution adopted by the Board of Trustees of The University of North Carolina on September 22, 1956, as amended and supplemented, the College will make assignments of students and give preference in use and occupancy to Bragaw Hall and the Existing Dormitories to the extent necessary to assure that Bragaw Hall and the Existing Dormitories will be fully utilized at all times during the regular school terms and to the fullest extent practicable at all times during any summer school term at the College; and
(b) Subject to the preference accorded by subsection (a) above, so long as there remain outstanding any of the $2,000,000 North Carolina State College of Agriculture and Engineering of the University of North Carolina Dormitory Revenue Bonds - Series 1961, the College shall make assignments of students and give preference in use and occupancy to the Dormitory System to the extent necessary to assure that said housing facilities will be fully utilized at all times during the regular school term and utilized to the fullest extent practicable at all times during any summer school term at the College.
Section 4. No free student occupancy of the Dormitory System or Bragaw Hall shall be permitted.
Section 5. The officers of the College are hereby authorized, empowered and directed to make any rules and regulations and to take any action necessary to carry into effect and to enforce the provisions of this resolution.
Section 6.
The resolution entitled:
"RESOLUTION ESTABLISHING RENTALS AND PARIETAL RULES AND REGULATIONS FOR THE DORMITORY SYSTEM AT RALEIGH, NORTH CAROLINA, IN CONNECTION WITH THE ISSUANCE OF $2,000,000 NORTH CAROLINA STATE COLLEGE OF AGRICULTURE AND ENGINEERING OF THE UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS - SERIES 1961"