Kresge Library

MINUTES OF THE MEETING
of the
BOARD OF TRUSTEES
April 19, 1963

Mr. Varner recommended that the dormitory rates at Oakland University be increased to $385 per trimester.

On motion by Dr. Smith, seconded by Mr. Merriman, it was voted to approve this item.

On April 16 Mrs. Wilson delivered 5,000 shares of Clark Equipment stock to the University. I do not have the exact value of this stock, but since the market closed at 36 it will be valued somewhat lower than that figure. If we use 35 ¾% as the average price for the day, it would mean that the balance due on her $2,000,000 gift will have been reduced to approximately $425,000.

I would like Board authority to sell the 5,000 shares of Clark Equipment stock at market.

On motion by Mr. Vanderploeg, seconded by Mr. Merriman, it was voted to approve this item.

Resignation of Robert J. Wisner as Associate Professor of Mathematics effective April 15, 1963.

Change in salary for David C. Beardslee, Associate Professor Psychology, from $9,500 to $10,300 effective May 1, 1963.

Change in salary for Norman Susskind, Assistant Professor of Foreign Languages, from $7,400 to $8,200 effective May 1, 1963.

Change in salary for Paul Tomboulian, Associate' Professor of Chemistry, from $8,700 to $9,500 effective May 1, 1963.

Personnel action:

Reclassify Director of Personnel AP-V to Director of Personnel AP-VII position
Cancel Director of Public Safety AP-V position
Establish Departmental Secretary V position in the Oakland Alumni Education Program Office

When the Trustees authorized Oakland University to proceed on a trimester basis, it was understood that academic employees who had formerly been on a 10-month basis and who would under the new plan be doing the equivalent of a full year's teaching in the period between late August through late April should be compensated the full year's salary for two semesters of teaching.

When these employees teach a full-time third semester, it is understood that they should be compensated for full-time work at the rate of 3 per cent of their annual salary per week, or 45 per cent of their annual salary for a full additional semester of teaching, and that part-time employees should have their compensation adjusted based on the percentage of a full-time load actually carried.

Formal action by the Trustees approving this rate of compensation is now required for the trimester beginning April 24 and ending August 9, 1963.

Gifts and grants:

Gifts to be used under the direction of W. S. Collins in Music:

a. A phonograph record collection valued at $65 from Mrs. M. L. Burman of Detroit
b. A collection of records valued at $200 from Columbia Records of Bridgeport, Connecticut.
c. A Gulbransen electronic organ valued at $1,200 from the Community National Bank.
d. A collection of records valued at $18.50 from Mrs. Laurens Hare of Birmingham.
e. 407 yards of material valued at $565.73 from an anonymous donor to make dresses for the ladies in the chorus.
f. Collection of records valued at $50 from James Wagner, a student.
g. A large record changer valued at $200 from Mr. and Mrs. Theodore O. Yntema of Bloomfield Hills

Gifts from William T. Gossett of Bloomfield Hills to be used under the direction of Hollie Lepley in Physical Education, as follows:

a. An Everlast hydraulic rowing machine valued at $210
b. An Exercycle valued at $395

Gift of a 1959 Ford tractor valued at $1,600 from the Ford Motor Company of Birmingham. (p.135)

Grants as follows to be used for the Student Loan Fund, account 92-3017:

a. $220 from Mrs. H. J. Brown and Mrs. Russell Grinnell of Pontiac.
b. $13 from Sara Jane Venable of Lansing.

Grant of $5,000 from A. Glenn Wilson of Pontiac to begin a trust fund and to be deposited in account 92-3421.

Gift of 24 shares of General Motors Corporation common stock valued at $1,293 from an anonymous donor for the Oakland University Scholarship Fund, the proceeds to be credited to account 91-3357. Mr. May is authorized to sell this stock at the current market price.

Grant of $100 from Mrs. R. J. Williams of Birmingham to help cover costs of Meadowbrook Ball for the benefit of the Scholarship Fund.

Grant of $1,000 from Theodore O. Yntema of Dearborn to be used under the direction of Chancellor Varner to establish a student music listening facility.

Gift of 100 shares of Ford Motor Company common stock, sold to Oakland University at $10.50 per share and valued at $45.50 per share, from Theodore O. Yntema of Dearborn. The value of his gift is estimated to be $3,500 and is to be credited to the Discretionary Gift Fund.

Grant of $5,000 from Roger Kyes to be used under the direction of W. S. Collins in Music at his discretion. The donor wishes to remain anonymous.

Grant of $97.50 from Margie R. Kresge of Bloomfield Hills to be used by the Meadowbrook Theatre Guild to obtain a curtain for the Fine Arts Festival.

Gifts for the scholarship fund:

$162 from the Alpha Delta Kappa Sorority of Pontiac
$300 from Consumers Power Company of Pontiac
$5 from Carole Bunke
$5 from Edward Heubel of Oakland University
$200 from H. A. Fitzgerald and Mr. and Mrs. A. Girard of Bloomfield Hills
$125 from the Ford Motor Company Educational AID Program of Dearborn
$90 from the Green Lake Women's Club
$279 from the Michigan Bell Telephone Company of Pontiac
$36.57 from the Oxford Child Study Club I of Oxford
$324 from the Republican Committee of Oakland County of Birmingham
$648 from T. M. Rinehart, Jr. of Detroit
$324 from Mr. and Mrs. John Shenefield of Bloomfield Hills
$335 from James C. Zeder of Bloomfield Hills
$648 from the Royal Oak Tribune
$685 from the Women's National Farm & Garden Association of Union Lake

On motion by Mr. Stevens, seconded by Mr. Vanderploeg, it was voted to approve all Oakland University items. (p.136)


Created on 12/12/06 by 10/20/04 by Linda Hildebrand / Last updated on 8/25/13 by Linda Hildebrand
Oakland University

Oakland University, Kresge Library
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