UA-R-GC-1914-01-01-1966-08-03_Page-001

1 THE AMERICAN UNIVERSITY IN CAIRO Board of Trustees Executive Committee Meeting August 3, 1966. At the request of the President, Dr. Bartlett, the Executive Committee of the Board of Trustees met on the 3rd of August at 12.30 p.m. in the University office in New York, 866 United Nations Plaza, New York, N.Y. Present: Messrs. Bartlett, Barco, Dohm, Newsom and Thoron, as Secretary. While a quorum was not actually present, Messrs. Payne and Thorne were consulted separately by Dr. Bartlett and Mr. Crary was consulted by the Executive Secretary. Dr. Bartlett had asked for the meeting in order to obtain the views of the Executive Committee towards the possible pur-chase of a villa near the University and an apartment house in Maadi. Dr. Bartlett suggested that he should be authorized to proceed with negotiations for the purchase of one or both of these properties, such purchase to be contingent upon obtaining the second loan from the Mobil Oil Company and providing there were no dollar costs involved. The Executive Committee endorsed this suggestion at its meeting and Messrs. Crary, Payne and Thorne expressed their concurrence separately. (The Executive Committee is composed of 9 members, hence the concurrence of a minimum of five is required for any Committee action. In this case seven of the members voiced their concurrence; the other two, Dr. Dirks and Mr. Cole, were unreachable. Mr. Barco opened the meeting by reviewing developments on the pound fund proposal which had occurred since the meeting of the Board of Trustees in June. He then reported on a meetin