October 27-28, 1966
BOARD OF REGENTS
UNIVERSITY OF NEVADA
October 27, 1966
The Board of Regents met in special session in the President's
Office on October 27, 1966. Present were Regents Hug, Jacobsen,
Lombardi, Magee and White; President Armstrong, Chancellors
Miller and Moyer, Vice President Humphrey and Mrs. La Plante as
a representative of the Press.
The meeting was called to order at 11:20 A.M. by Vice Chairman
Mr. Humphrey explained that the purpose of the special meeting
was to consider and, if found satisfactory, accept a negotiated
sale of $1,500,000 of revenue certificates for the Nevada South-
ern University Student Union building. He then introduced Mr.
Nick Smith, Vice President of Burrows, Smith and Co.
Mr. Smith presented to the Board the proposal of John Nuveen and
Company for the purchase of the revenue certificates as set forth
in the attached letter. (Attached to permanent minutes).
After thorough review and discussion of the proposal from John
Nuveen and Company, Mr. Jacobsen moved, seconded by Mr. Hug and
carried by unanimous vote of those present, that the President be
authorized to sign a re-draft of the proposal, incorporating the
changes suggested and agreed with the understanding that the
absent Clark County Regents be informed as to the reason of the
The meeting adjourned at 12:05 P.M.
Bonnie M. Smotony