UCCSN Board of Regents' Meeting Minutes
October 3-4, 1980


Page 21

                        BOARD OF REGENTS


                         October 3, 1980

An emergency meeting of the Board of Regents was held on the

above date in the conference room of the Business Services build-

ing, University of Nevada, Las Vegas.

Members present:  Mr. Chris Karamanos, Chairman Pro Tem

                  Mrs. Lilly Fong

                  Mr. John R. Mc Bride

                  Mr. James L. Buchanan, II

                  Mrs. June F. Whitley

Others present:   Mr. Monte Miller, Valley Bank of Nevada

Mr. Miller explained that he had requested the Board to meet to

consider a recommendation for the sale of 1,300 shares of ASA,

Ltd., a South African gold stock, purchased in August, 1980 at

$58, and which was presently selling at $85.  Mr. Miller suggest-

ed the Board consider either selling the stock at market value

on Monday, October 6, or direct the stock be held until or unless

its market value decreased to $83 at which time it would be sold.

Mr. Buchanan moved that the second option be accepted.  Motion

seconded by Mr. Mc Bride, carried without dissent.

                             Bonnie M. Smotony

                             Secretary of the Board