Repository: UIHistories Project: Board of Trustees Minutes - 1940 [PAGE 567]

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BOARD OF TRUSTEES

[September 30

a program of financing the construction and equipment of one or more residence halls for men with funds supplied entirely from a loan, at a low rate of interest, to be amortized by the net income (after allowing for operating expenses and reserves for repairs and replacements) from the new and present residence halls. T w o investment agencies have expressed a definite interest in financing such a program, and one has made a tentative offer. If such a project is to be undertaken, prompt consideration must be given this matter, first, to take advantage of present low interest rates which may not long be available and, second, because any units constructed should be ready for occupancy at the beginning of the next academic year to avoid loss of income. 1 submit a memorandum outlining this general plan and the considerations involved. No action is necessary at this meeting, but arrangements should be made so that prompt consideration may be given by the Board or Executive Committee at any time which may be found feasible.

On motion of Mr. Pogue, the President was requested to continue the study and negotiations and to submit a recommendation to the Board at an early meeting.

BIDS ON POWER PLANT DISTRIBUTION SYSTEM (10) T h e Director of the Physical Plant Department reports that bids on the balance of the distribution system will be received in the offices of Sargent & Lundy at 2 p.m., Central Standard Time, on October 4. Under the University Statutes the Board of Trustees should be represented at this opening. M r . A d a m s w a s d e s i g n a t e d t o r e p r e s e n t t h e B o a r d in t h i s m a t t e r . APPOINTMENT OF DIRECTOR OF T H E UNIVERSITY LIBRARY A N D LIBRARY SCHOOL (11) A recommendation that Dr. Carl M. White, Librarian at the University of North Carolina, be appointed Director of the University Library and Library School for one year and Professor of Library Science on indefinite tenure, beginning September 1, 1940, at an annual salary of $6,000, vice Director P . L. Windsor, who will retire. O n m o t i o n of M r . J e n s e n , t h i s a p p o i n t m e n t w a s m a d e a s r e c o m mended. NEW APPOINTMENTS OF PROFESSORIAL RANK (12) A report of the following appointments to the staff of the rank of assistant professor and above, effective September 1, 1939: 1. Robert Oakes Bunyan, Assistant Professor of Business Organization and Operation, one year, at an annual salary of $2,700. 2. Lawrence R. Campbell, Assistant Professor of Journalism, one year, at an annual salary of $2,750, vice Professor B u r r u s Dickinson, on leave without pay during 1939-1940. 3. Berthier Wesley Fairbanks, Professor and Associate Chief, Swine Husbandry, on indefinite tenure, at an annual salary of $4,200. 4. Earl Edwin Klein, Associate Professor of Social Administration, two years, at an annual salary of $3,700. 5. Richard Vincent Lott, Associate Professor and Associate Chief, Pomology, one year, at an annual salary of $2,800. 6. Robert Lee Rosbe, Assistant Professor of Accountancy, one year, at an annual salary of $2,700. 7. John B. Wingert, Assistant Professor and Assistant Chief, Floriculture, one year, at an annual salary of $2,800. 8. H a n s Heinrich Gerth, Visiting Assistant Professor of Sociology, for the first semester of 1939-1940 (September 1, 1939, to January 31, 1940), at a salary of $1,500 for the period.