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NWt3 Board of Governors Meeting Jame 94, 9979 f-'sge 2 Investment Committee: Mr. Conley said the committee had met June 92. He reported on a visit with Union Bank officials concerning endowment investments. He said the commit#ee also discussed the sale of score farm property cash flow far the new Speech and Theatre Center, negotiations for sale of a small piece of land at 93th and "O" Streets in Lincoln, and the endowment fiord earnings which he said exceeded expectations this year. On motion duly made and seconded, it was resolved that the property in Lexington, Nebraska, given to Nebraska Wesleyan University by tiie Wycoffs and the Crandalls, be sold, and that th~• c':air.^^an and seca^effiry of the Board of Governors be and hereby are authori=ed to execute and deliver on behalf of Nebraska \Nesieyan University a deed conveying the property to the purchasers. The motion passed by unanimous vote_ It was duly moves and seconded that the Board of Governors approve the actions of the Investment Committee, including the sale of +~o Miller property in }-3x12 Ceunty, Nebraska. 'The motion passed. Committee on Soarer affairs: Mr. Conley said the committee is searching for an additional member of the Governors and members of the Trustees. He announced the Governors would hold a retreat September 7, >~, and 9 in Kansas City wilfi the purpose of better understanding NWU and the specific d~..:ies and re- Sportsibilittes flf Gflv+ernpr$. G#~eir~sa.-~ L~rborr: mated tfi~at ice. Quinn vrguld be ending hs to^r^en A:rust and would s`3e replac~3 by 1'?r. Cognard. Instruction and Personnel Committee: Dr. Sevins reported on changes for the Fawley Hoak regarding retirement, health insurance, and life insurance. It vas duly rrx3ved and seconded that the Beard of Governors authorizes a new statement cue retiremen# as follows: i8.if7 l~iormal retirement of a Nebraska Wesleyan University adminis- ~ative officer occurs on his err her sixty-fifth birthday. Mandatory ~~ shall occur on the gist day of May following the administra- 93ve of€icer's seventieth birthday unless otherwise specified by federal law or unless special prevision to the contrary is approved in advance by the Hoard of Governors.