January 17-18, 1967
BOARD OF REGENTS
UNIVERSITY OF NEVADA
January 17, 1967
The Board of Regents met in special session, called by the
Chairman of the Board, on January 17, 1967 in the Hardy Room of
the Jot Travis Student Union. Present were Regents Anderson,
Grant, Hug, Jacobsen, Lombardi, Ronzone, Seeliger and White;
President Armstrong, Vice President Humphrey and Chancellors
Miller and Moyer. Also present for portions of the meeting were
Mr. Nick Smith of Burrow, Smith and Company and Mr. John Warden
of First National Bank of Nevada.
1. Revenue Bonds, Nevada Southern University Student Union
Dr. Anderson explained that the reason for the special
session of the Board was to consider offers for the purchase
of the revenue bonds for NSU Student Union. Offers were
presented by Mr. Nick Smith for the John Nuveen and Company
and by Mr. Warden from White, Weld & Company.
Motion by Mr. Jacobsen, seconded by Mr. Ronzone, carried
unanimously that the offer of John Nuveen and Company of
Chicago, Illinois to purchase $1,500,000 University of
Nevada Student Fees Revenue Certificates (Student Union
building, NSU) at a rate of 4.8622 percent be accepted and
the Chairman of the Board be authorized to sign the
appropriate papers. (The offer from White, Weld & Company
was at a rate of 4.9239 percent).
2. Title III, Higher Education Facilities Act of 1963
Mr. Humphrey explained the necessity of the University mak-
ing an application by January 28, 1967 for Title III loan
monies for part of the funding for Phase I of the Physical
Science building, Reno. The Board approved a recommenda-
tion that the Administration request the Legislature to
pass the enabling legislation required prior to the Uni-
versity filing the application.
3. Independent Audit, Fiscal Year Ending June 30, 1967
It was moved and carried that the Board of Regents designate
Kafoury, Armstrong, Bernard and Bergstrom to do the audit of
the fiscal year ending June 30, 1967.
4. Nevada Historical Society
It was moved and carried that the Regents authorize the
Administration to enter into a contract with the Nevada
Historical Society along the lines outlines in the attached
document (see permanent minutes).
5. Proposed Animal Research Laboratory
It was moved and carried that the proposed Animal Research
Laboratory, to be used jointly by the Laboratory of Environ-
mental Patho-Physiology and the College of Agriculture, be
approved in principal and that the Administration continue
to work with the Trustees of Washoe Medical Center toward
development of this facility. The Regents voted to match
funds provided by the Washoe Medical Center up to $300,000,
using non-appropriated funds.
The meeting adjourned at 11:20 A.M.
Fred M. Anderson, M. D.
Bonnie M. Smotony