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Allard K. Lowenstein, Assistant Professor of Social Studies, resigned June 30, 1964.
Declined:
Arthur Chilton Bruce declined to accept a position as Associate Professor of Mechanical Engineering, effective September 1, 1964.
Death:
Charles Russell McCullough, Professor of Civil Engineering, died August 20, 1964.
The University at Greensboro
Appointments:
Donald B. Anderson as Professor in the Department of Biology, effective September 1, 1964.
J. Lindsay Cook as Associate Physician in Health Services at salary of $10,000 for twelve months service, effective September 1, 1964. Born 1897 in Forsyth County, North Carolina. Married. One child. B. S. University of North Carolina 1923; M. D. University of Pennsylvania 1925. Experience: Intern at Graduate Hospital of University of Penna., 1925-26; Resident Baptist Hospital, Winston-Salem 1926-27; County Physician and Assistant Health Officer, Forsyth County 1927-38; Director, Forsyth County Hospital 1940-43; Health Officer, Alamance County 1943-45; Chief Medical and Surgical Unit, Veterans' Administration, Winston-Salem 1945-47; Medical Director, Pilot Life Insurance Company 1947-63; Medical Director (part-time) Southern Life Insurance company, Greensboro, 1963-. Interviewed by Dr. Abernethy.
James B. Moore, as Assistant Professor in School of Education at annual salary of $9,000 based on nine months of service, for a three-year period effective February 1, 1965. Born 1929 in Tupelo, Mississippi. Married. Four children. Education: B.S. 1950; M. Ed. 1954 Mississippi State College; M.S. 1957 and Ph.D. 1963, University of Missippi. Experience: U. S. Army 1950-53; Teacher, Tupelo High School 1954-57; Principal, Aberdeen, Mississippi High School 1957-60; Student Director of Research, University of Missippi 1960-61; Assistant Professor of Education, Mississippi College, Clinton, 1961-62; Academic Dean, Registrar and Professor of Education, Belhaven College, Jackson, Mississippi, 1962- . Interviewed by: Chancellor Singletary.
Continuation of Service beyond age 65
Continuation of service on full-time basis for the academic year 1964- 65 is requested for the following who has reached the age of 65:
Julia Heinlein, Associate Professor Emeritus of Psychology, as Counselor in Counseling Center.
Resignations:
Eugene J. Aromi, Assistant Professor of Education, resignation effective August 31, 1964, to accept a position as Associate Professor in College of Education at University of South Florida.
F. Richard LaMar, Assistant Professor of Music, resignation effective August 31, 1964, to accept position at Bowling Green State University.
Summer School at the University at Greensboro
President Friday also presented a proposal for the University at Greensboro for two terms of summer school beginning next year, and for the use of dormitory facilities by male students during the summer sessions.
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Both the extra term of summer school and the use of dormitory facilities by male students were unanimously approved.
New Dormitory Construction at the University at Greensboro
The following resolution was presented and on motion of Mrs. Lathrop, seconded by Mr. Hill, it was unanimously adopted:
RESOLUTION AUTHORIZING THE UNIVERSITY OF NORTH CAROLINA AT GREENSBORO TO FILE AN APPLICATION WITH THE HOUSING AND HOME FINANCE AGENCY OF THE UNITED STATES OF AMERICA FOR LOAN ASSISTANCE UNDER TITLE IV OF THE HOUSING ACT OF 1950 IN FINANCING THE CONSTRUCTION OF A DORMITORY AT THE UNIVERSITY AT GREENSBORO, AND DESIGNATING A. H. SHEPARD, JR. , THE BUSINESS OFFICER AND TREASURER, AS THE AUTHORIZED REPRESENTATIVE OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA IN CONNECTION WITH SUCH APPLICATION.
BE IT RESOLVED by the Executive Committee of the Board of Trustees of The University of North Carolina:
Section 1. That A. H. Shepard, Jr., the Business Officer and Treasurer be and he hereby is authorized to execute and file an application on behalf of the University of North Carolina at Greensboro with the United States of America for loan assistance under Title IV of the Housing Act of 1950 in anticipation of the issuance of $1,350,000 revenue bonds to pay the costs of a dormitory to be constructed on the campus of the University of North Carolina at Greensboro, North Carolina.
Section 2. That the said A. H. Shepard, Jr., is hereby authorized and directed to furnish such information to the United States of America, through the Housing and Home Finance Agency, as it may reasonably request in connection with the application for a loan and the issuance and sale of bonds for the payment thereof.
LOAN AGREEMENT FOR NORTH CAROLINA STATE OF THE UNIVERSITY OF NORTH CAROLINA AT RALEIGH
The following Loan Agreement, together with its Terms and Conditions) between the Board of Trustees of The University of North Carolina and the Housing and Home Finance Agency of the United States of America, on behalf of North Carolina State of The University of North Carolina at Raleigh, was presented, and it was moved by Mr. Hill and seconded by Mrs. Burgwyn that the proposed Loan Agreement be approved and that its execution on behalf of North Carolina State of The University of North Carolina at Raleigh be authorized, and that the Business Officer and Treasurer of the Board of Trustees be authorized to request from time to time, if he deems it necessary or desirable, that the Housing and Home Finance Agency agree to such changes in or waivers of any provisions of said Loan Agreement necessary to carry out the purpose and intent of said Board of Trustees, subject to final approval by the Executive Committee of any amendatory loan agreement required to effectuate any such change.
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Mr. Hill's motion was adopted by all members present voting "Aye"; those voting "Nay": None.
The Loan Agreement and its Terms and Conditions are as follows:
Project No. CH-NC-99(D) North Carolina State at Raleigh Raleigh, North Carolina Contract No. H-302-2460
LOAN AGREEMENT
THIS LOAN AGREEMENT, dated as of August 1, 1964, by and between
NORTH CAROLINA STATE OF THE UNIVERSITY OF NORTH CAROLINA AT RALEIGH
(herein called the "Borrower") and the United States of America (herein called the "Government"), WITNESSETH:
Section 1. Amount, Purchase Price, and Purpose. Subject to the Terms and Conditions (Form CFA-520 dated 4-63) attached hereto and made a part hereof as Exhibit A, and the provisions of this Agreement, the Borrower will sell and the Government, acting by and through the Housing and Home Finance Administrator (herein called the "Administrator"), will purchase $2,200,000 aggregate principal amount of the obligations of the Borrower described below (herein called the "Bonds"), or such lesser amount thereof as the Administrator estimates will be required, together with the Borrower's funds provided from other sources, to pay the development cost of the Project (estimated to be ($2,200,000), hereinafter described, at a price equal to the principal amount thereof plus accrued interest, the proceeds of the sale of such Bonds to be used solely for the development of the said Project; and, further, the Borrower will offer for sale or exchange, as hereinafter provided, $7,618,000 of its obligations described herein or such lesser amount thereof as may be necessary to retire or be exchanged for all its outstanding North Carolina State College of Agriculture and Engineering of the University of North Carolina Dormitory Revenue Bonds Series - Series 1956, North Carolina State College Student Apartments Revenue Bonds dated September 1, 1958, North Carolina State College Student Housing Revenue Bonds - Series 1961, and North Carolina State College of Agriculture and Engineering of the University of North Carolina Dormitory Revenue Bonds - Series 1961.
Section 2. Description of Bonds. The Bonds which the Borrower agrees to sell and the Government agrees to purchase or exchange are described as follows:
(a) Designation: North Carolina State of the University of North Carolina at Raleigh Housing System Revenue Bonds of 1964, Series A, B, C, E, and F.
(b) Date: September 1, 1964.
(c) Principal Amount: $9,205,000 (consisting of Series A in the amount of $1,804,000, Series B in the amount of $2,066,000 Series C in the amount of $1,774,000, Series E in the amount of $1,361,000 and Series F in the amount of $2,200,000).
(d) Denomination: $1,000
(e) Type: Negotiable, serial coupon Bonds, payable to bearer.
(f). Interest Rate: 2-3/4% per annum, payable semi-annually on March 1 and September 1 in each year, first interest payable March 1, 1965.
(g) Maturities: September 1, in years and amounts as follows:
