Proceedings of the Board of Regents (1963-1966)

SEPTEMBER MEETING, 1964

521

On recommendation of the Vice-President in charge of business
and finance, the Regents approved and placed on file the annual audit
of University records prepared by Ernst and Ernst for the year ended
June 30, 1964 (p. 76).
It was voted to employ the accounting firm of Ernst and Ernst as
auditors of the University for the fiscal year 1964-65.
On recommendation of the Vice-President in charge of business and
finance, the Regents adopted the following resolution:
WHEREAS, Under Section 207 of the Housing Act of 1961 (42 U.S.C. ~ 1436)
the United States of America (herein called the "Government") has tendered to
The Regents of the University of Michigan (herein called the "Participating
Body") a proposed Low-income Housing Demonstration Grant Contract under
which the Government agrees to make a Grant to the Participating Body to aid in
financing a project, designated Project No. Mich.-LIHD-2; and
WHEREAS, The Participating Body has given due consideration to said proposed
Contract; and
WHEREAS, The Participating Body is duly authorized, under and pursuant to
the Constitution and laws of the State of Michigan to undertake and carry out
said Project and to execute such proposed Contract;
Be It Resolved, By The Regents of the University of Michigan as follows:
Section 1. The Proposed Contract, designated "Low-income Housing Demonstration Grant Contract, Contract No. H-629," consisting of Parts I and II, under
and subject to the provisions, terms, and conditions of which the Government will
make a Low-income Housing Demonstration Grant under Section 207 of the
Housing Act of 1961, to the Participating Body to aid in financing the cost of a
project, designated Project No. Mich.-LIHD-2, situated in Ann Arbor, Michigan,
is hereby in all respects approved.
Section 2. The Vice-President in charge of business and finance is hereby
authorized and directed to execute said proposed Contract in six counterparts on
behalf of the Participating Body, and the Secretary is hereby authorized and
directed to impress and attest the official seal of the Participating Body on each
such counterpart and to forward such counterparts to the Housing and Home
Finance Agency, together with such other documents relative to the approval and
execution thereof as may be required by the Government.
Section 3. The Vice-President in charge of business and finance of this
Participating Body is hereby authorized to file requisitions, together with necessary
supporting documents, with the Government, from time to time as Grant funds
are required, requesting payments to be made to it on account of the Grant provided for in the Contract, and to do and perform all other things and acts required
to be done or performed in order to obtain such payments.
Section 4. The Participating Body agrees to abide by all of the provisions,
terms, and conditions of said Contract.
Section 5. This Resolution shall take effect this 18th day of September, 1964.
The list of persons receiving annual pensions from the Mary A.
Rackham Assistance Fund for the period July 1, 1963, to June 30, 1964,
as submitted by the Dean of the Horace H. Rackham School of Graduate Studies, was received and placed on file (p. 78).
On recommendation of the Vice-President for Student Affairs,
Regents' bylaw Section 29.08, Board in Control of Intercollegiate
Athletics, was amended to read as follows:
(4) Two undergraduate male students in their fourth term in the University,
one chosen each year by the student body from student candidates nominated by a
petition signed by at least three hundred students. Each student member so chosen,
beginning with his fifth term, shall hold office for two years. Vacancies in student
membership caused by nonresidence, ineligibility, or other reasons shall be filled by
appointment by the Board in Control. (R.P., 1951-54, p. 904, and September,
1964, p. 521)
The Vice-President in charge of business and finance reported on
the Willow Run Airport. He was pleased to note that the General

Ernst and Ernst:
Audit
Ernst and Ernst:
Auditors for
1964-65
Low-income
Housing Demonstration Grant
Contract:
Approved
M. A. Rackham
Assistance Fund
Bylaw Amended:
Sec. 29.08, Board
in Control of
Intercollegiate
Athletics
Willow Run
Airport: Report on