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Caption: Board of Trustees Minutes - 1970
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684 BOARD OF TRUSTEES farm land, title to all of which was placed in the name of Robert Spillman. The brother's estate is claiming ownership of one-half of the land on the ground the brothers were farming partners, each contributing one-half of the purchase price and sharing equally in the income. The business records are in poor condition and tend to support in part the contentions of each side. Under a proposed compromise, the Robert Spillman estate would convey to the brother's estate certain of the farm land with an appraised value of $144,200 and transfer a savings account in the amount of $13,744.64. Income from the property since the death of the brothers would be adjusted. The Robert Spillman estate would then be reallocated along the lines specified in the will. Robert Spillman's widow, whose share will be affected in the same proportion as the University's has agreed to the compromise. The University is not a party to the litigation but the trustee has requested approval of the proposed compromise. The Vice President and Comptroller and the University Counsel recommend approval of the proposed settlement. I concur. O n motion of Mr. Clement, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Pogue, Mr. Swain; no, one; absent, Mr. Jones, Governor Ogilvie, Mr. Page, M r . Steger, Mr. Stone. O n motion of Mr. Clement, the Board adjourned. R. C. W I C K L U N D E A R L M. HUGHES Assistant Secretary President TOUR OF DIXON SPRINGS AGRICULTURAL CENTER Following the meeting, members of the Board, officers of the University, and representatives of the Dixon Springs Agricultural Center held a cookout and took a tour of the Station and its operations.
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