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462 III New Programs Total "B" Budget Request - Code 18061
,
$520,447
$804,833
268,509
430,355
AGRICULTURAL EXPERIMENT STATION
I II
Salary Increases Improvements and Expansions: Swine Breeding Research Poultry Disease Research Peanut Production Research Seafood Processing Research Forestry Research
40,000 30,000 25, 000 17,000 25, 000
H77HW
137,000
III New Programs: Phytotrom Operating Budget Tobacco Bio-Chemistry Res. Marine Zoology Research Economics of Plant Location
45,500 26,000 10,000 18,000
Total New Programs
99,500
99,500
505, 009
666, 855
Total "B" Budget Request - Code 28041
University at Greensboro
The following personnel report and "B" Budget requests as presented by Chancellor Singletary were unanimously approved:
Appointments:
Edward McCrady, III, as Assistant Professor of Biology, subject to receiving doctor's degree before September 1, 1964; otherwise to be named Instructor without prejudice to salary. The annual salary of $7,800 is based on nine months of actual teaching duties, effective September 1, 1964. Born 1933. Married. Three children. Education: B.S. University of the South 1955; M. A. University of Virginia 1961; Ph.D. expected August, 1964, University of Virginia. Experience: Lab Instructor, University of the South 1955; Process Control Chemist, DuPont Company 1955-56; U. S. Air Force, Strategic Air Command 1956-58; 1958-60 Lab Instructor, Yale University 1960-63 Lab Instructor, University of Virginia. Interviewed by: Dean Mereb E. Mossman.
Clarence H. Vanselow, as Assistant Professor of Chemistry at annual salary of $9,800 based on nine months of service for a period of three years, effective September 1, 1964. Born 1928, Syracuse, New York. Married. Seven children. Education: B.S. 1950; M.S. 1951, and Ph.D. 1957, Syracuse University. Experience: 1951-55 Syracuse University Research Fellow; 1955-56 Ford Foundation Teaching Intern Colgate University; 1956-58 Assistant Professor, Physical Chemistry and Physics, Thiel College; 1958-60 Associate Professor, Physical Chemistry and General Chemistry; 1960-64 Professor, Physical Chemistry and Chemical Literature, and 1962-64 Acting Head, Chemistry Department, Thiel College. Interviewed by: Chancellor Otis A. Singletary.
Eldon E. Posey, as Professor of Mathematics, with permanent tenure, at annual salary of $12,000 based on nine months of service, effective September 1, 1964. Born 1921, Oneida, Tennessee. Married. Two children. Education: B.S. East Tennessee State 1947; M. A. 1950, Ph.D. 1954, University of Tennessee. Experience: 1947 Graduate Assistant, University of Tennessee; 1953-54, Instructor, University of Tennessee; 1954-59 Assistant Professor, West Virginia University; 1959-, Assistant Professor, then Associate Professor, and presently Professor, Virginia Polytechnic Institute. Interviewed by: Chancellor Singletary.
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Leaves of Absence
Dr. Warren Ashby, Professor and Head of the Department of Philosophy, leave for the academic year 1964-65, without salary, in order to accept an appointment by the American Friends Service Committee as Associate Director, International Conferences and Seminar Program for Southern Aisa.
Dr. Richard Bardolph, Professor and Head of the Department of History and Political Science, research leave of absence for the second semester of the academic year 1964-65, with full salary, in order to complete a book on the organization and administration of the Confederate Army.
Miss Lois V. Edinger, Assistant Professor of Education, leave for the academic year 1964-65, without salary, in order to carry out her duties as President of the National Education Association.
Dr. Frederick Rener, Assistant Professor of German, leave of absence for the academic year 1964-65, without salary, in order to accept appointment as an exchange professor in West Germany.
Dr. Robert Rosthal, Associate Professor of Philosophy, leave of absence for the academic year 1964-65, with partial salary of $1,000 in order to accept appointment as a Fellow in the Duke University-University of North Carolina at Chapel Hill Co-operative Program in the Humanities.
Resignation:
Dr. Martin Roeder, Associate Professor of Biology, resignation effective August 51, 1964, to accept a position at Florida State University
ACADEMIC AFFAIRS - Code 18161 "B" Budget Reques t 1965/67
1965/66 Total Requirements
$
821,092
1966/67 $1,046,623 (20, 000)
Less Estimated Receipts
(20,000)
General Fund Appropriation
841,092
1,066,623
364, 971
545, 929
1.
Salary Increases, E. P.A.
IL
Improvements and Expansion of Existing Programs General Administration General Institutional Expense Instruction and Department Research: New Positions Other Nursing Education - Eliminate Cone Hospital Grant Summer School F acuity Research Grants Television Studio Library: Operating Expenses Books and Journals Maintenance and Operation of Plant
Total Increase in Appropriation
8, 844 6,900 206,808 114,171
206,808 133, 574
20,000 23, 142 10,000 2,000
20,000 25, 464 10,000 2,000
25, 000 75, 000
25, 000 75,000 7,104 06676^3—
President Friday then presented the following "B" Budget Request for the Consolidated University Offices, and on motion of Mr. Hill, seconded by Mrs. Lathrop, it was approved.
464
UNIVERSITY OF NORTH CAROLINA GENERAL ADMINISTRATION "B" BUDGET REQUEST, 1965-67
Consolidated University Offices:
Assistant to President - new position Stenographer III for above - new position Secretary to Vice President for Institution al Studies - to replace overhead receipts funds applied in support during 1964-65 Supplies, equipment and other expenses
1965-66
1966-67
15,000 4,116
15,000 4, 116
2,252 4,300
2,252 4, 300
17,500 23,567 97,025
17,500 21,667 168, 225
2,000
2,000
176
3,099
Educational Television: Full Time Professional Station Director Improvement of Existing Program Expansion to State-Wide Coverage Maintenance and Operation of Plant: Supplies, utilities and upkeep Merit Salary Increments: For Personnel Subject to the Personnel Act Salary Increases: Senior Administrative Staff - according to the recommendation of the Trustees' Com mittee for Administrative Salaries 196365 and concurrence of the Board of Higher Education
* 23,500
23, 500
14,500
14, 500
20,000
20,000
$223,936
$296,159
10,000
10,000
$233.936
$306,159
Reduction of Receipts: Appropriation to replace overhead receipts applied to administrative salaries by the Advisory Budget Commission Highlands Biological Laboratory: to continue operation of the above facility. This is a tentative request and must have intensive study before implementation Sub-total, Code 18101 Long Range Planning: Increased support for the existing program, $5, 000 and $5, 000 to up-date the planning program of UNC at Greensboro, Code 18103 Total
BOND PROCEEDINGS
President Friday presented the following resolutions and requested their adoption:
465
$7,029,000 The University of North Carlina at Chapel Hill Dormitory System Revenue Bonds of 1963, Series A, B, C, D, E and F
A resolution entitled:
"RESOLUTION RATIFYING, CONFIRMING AND APPROVING PUBLICATION OF NOTICE OF SALE OF $4,180,000 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES A, C, D and E."
was introduced, and Mr. Maynard noved that it be adopted. The motion was seconded by Mr. Umstead and the resolution was adopted by all members present voting for its adoption; those voting "Nay": 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 RATIFYING, CONFIRMING AND APPROVING PUBLICATION OF NOTICE OF SALE OF $4,180,000 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES A, C, D AND E.
WHEREAS, Section 209 of the resolution adopted on February 24, 1964 by the Board of Trustees of The University of North Carolina, entitled
"A RESOLUTION AUTHORIZING THE CONSTRUCTION AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL OF A NEW DORMITORY, WITH NECESSARY APPURTENANT FACILITIES, TO HOUSE APPROXIMATELY 925 MEN STUDENTS; AUTHORIZING THE ISSUANCE OF $7,029,000 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES A, B, C, D, E AND F, INCLUDING $1,647,000 SERIES A BONDS TO REFUND A LIKE PRINCIPAL AMOUNT OF UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS - SERIES 1956; $305,000 SERIES B BONDS, $533,000 SERIES C BONDS, $1,000,000 SERIES D BONDS, AND $1,000,000 SERIES E BONDS, TO REFUND LIKE PRINCIPAL AMOUNTS OF UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS OF 1960, SERIES A, B AND C; AND $2,544,000 SERIES F BONDS TO PAY, WITH OTHER AVAILABLE FUNDS, THE COST OF SAID DORMITORY PROJECT; PROVIDING FOR THE PAYMENT OF SAID BONDS AND THE INTEREST THEREON FROM REVENUES; PROVIDING FOR THE AUTHORIZATION OF BONDS FOR ADDITIONAL FACILITIES THAT MAY HEREAFTER BE CONSTRUCTED; AND SETTING FORTH THE RIGHTS AND REMEDIES OF THE HOLDERS OF SAID BONDS"
provides as follows:
"The Executive Committee is hereby authorized to sell the 1963 Series A bonds, the 1963 Series C bonds, the 1963 Series D bonds and the 1963 Series E bonds in the manner and subject to the conditions prescribed in this Resolution and in the Loan Agreement, dated as of January 1, 1964, by and between the Board, acting for and on behalf of The University of North Carolina at Chapel Hill, and the United States of America, acting through the Housing and Home Finance Administrator, including any amendments thereof or supplements thereto or any waiver or waivers of any of the provisions thereof (said Loan Agreement and any such amendments, supplements and waivers being hereinafter sometimes collectively called the 'Loan Agreement')"
and
WHEREAS, the Loan Agreement provided that the $1,647,000
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1963 Series A bonds, the $533,000 1963 Series C bonds, the $1,000,000 1963 Series D bonds and the $1,000,000 1963 Series E bonds of the issue of The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963 authorized by said resolution of February 24, 1964 shall be sold at public sale in the manner provided in the Notice of Sale and in the Official Notice of Sale hereinafter set forth; and
WHEREAS, the Business Officer and Treasurer of the Board of Trustees of The University of North Carolina on April 23, 1964 published a notice of sale of said 1963 Series A bonds, said 1963 Series C bonds, said 1963 Series D bonds and said 1963 Series E bonds (said bonds being referred to in said notice of sale as the "Series A bonds", the "Series C bonds", the "Series D bonds" and the "Series E bonds , respectively), in The News and Observer, a newspaper of general circulation published in the City of Raleigh, North Carolina, and in The Daily Bond Buyer, a financial journal published in the City and State of New York, said notice and sale being substantially in the following form:
NOTICE OF SALE $4,180,000 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963 SERIES A, C, DANDE of the BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA
Sealed bids will be received by the Board of Trustees of The University of North Carolina, acting by its Executive Committee, at the Governor's Office, State Capitol Building, Raleigh, North Carolina, until 10:30 o'clock A. M. , Eastern Standard Time
May 8, 1964,
at which time and place all bids will be publicly opened and read, for the purchase at not less than par and accrued interest from May 1, 1964 of all or any part of the following described The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963 of the Board of Trustees of The University of North Carolina, dated November 1, 1963:
$1,647,000 Series A bonds (herein called the "Series A bonds"), maturing serially November 1 in the years 1964 through 1994, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 2 3/4% per annum.
$533,000 Series C bonds (herein called the Series C bonds"), maturing serially November 1 in the years 1971 through 1979, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 3 1/2% per annum.
$1,000,000 Series D bonds (herein called the "Series D bonds"), maturing serially November 1 in the years 1980 through 1991, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 3% per annum.
$1,000,000 Series E bonds (herein called the "Series E bonds"), maturing serially November 1 in the years 1992 through 2000, and bearing interest at a rate or rates, not exceeding 5% per annum, averaging not greater than the maximum acceptable rate of 2 7/8% per annum.
Interest is payable semi-annually on the 1st days of May and November in each year. The maturity and redemption schedules are set forth in the Official Notice of Sale.