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Title
Newsletter (University of Texas at Austin. Department of Geological Sciences) ; no. 2, 1954
Publisher
University of Texas at Austin. Department of Geological Sciences
Series
Newsletter (University of Texas at Austin. Department of Geological Sciences) Volume no. 2, 1954
Date
1954

NO.2

AUSTIN,TEXAS

FEBRUARY,1954

SpecialAnnouncementEdition

TexasGeologyAlumniBreakfastatAAPG,April13th

ATexasGeologyAlumniBreakfastisontheprogramfor8a.m.,Tuesday,April13,1954,attheJeffersonHotel'sIvoryRoom,inSt.Louis.YoushouldsecureyourticketswhenyouregisterforthejointmeetingoftheAAPG-SEPM-SEG.Seeyouthere!

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GeologyFoundationEstablishedbyTheBoardofRegents

ThisisthefirstpublicannouncementthatTheUniversityofTexasBoardofRegentshasestablishedaGeologyFoundation.ThefulltextoftheminutesoftheBoardofRegentsfollows:

ESTABLISHMENTOFGEOLOGYFOUNDATIONof.TheDepartmentofGeologyofTheUniversityofTexas.—ChancellorHartpresentedwithhisapprovalarecommendationbyPresidentWilsonthattheBoardapprovetheestablishmentofaGeologyFoundationfortheDepartmentofGeologyatTheUniversityofTexas,asfollows:

Whereas,thereexistsaclearandspecificneedformeanstofinancetheprogramoftheDepartmentofGeologyofTheUniversityofTexasinadditiontotheregularbudgetaryprovisions,and

Whereas,itisthedesireofinterestedpersonstosetupfacilitiestoencourageandassistinsuchfinancing,

ItisNowResolvedthattheBoardofRegentsofTheUniversityofTexasapprovetheestablishmentof,andherebyestablishes,theGeologyFoundationoftheDepartmentofGeologyofTheUniversityofTexas.

AndFurthermore,thatthepurposeofthesaidFoundationshallbetofosterandtopromotethegrowth,progressanddevelopmentofgeologicaleducation,researchandgraduatestudyatTheUniversityofTexasundercircumstancesacceptabletotheBoardofRegentssubjecttoprovisionshereinaftersetout.

1.ThefundsoftheFoundationshallbedevotedsolelytothefurtheranceinandthroughtheGeologyFoundationofbasicgeologicaleducation,researchandgraduatestudyatTheUniversityofTexasandinothereducationalandresearchinstitutionsandinfieldworkandtravelasitpromotesdevelopmentoftheresearchprogramoftheDepartmentofGeology,andshallnotbeusedfortheordinaryoperatingexpensesoftheDepartment.

2.AdonationtotheFoundationmaybemadeforaspecificpurposeandmaybegiventhenameofthedonororotherdesignationspecifiedbythedonor;e.g.,TheRichardDoeFundtotheGeologyFoundation;ormaybegivenasundesignatedfundswhichshallbeusedinaccordancewithprovisionshereinaftersetout.

3.TheBoardofRegentsshallhold,manage,control,sell,exchange,lease,convey,mortgageordisposeofinanymannerandforanyconsiderationandonanyterms,thesaidgifts,funds,orpropertyintheirdiscretion,andshallfromtimetotimepayoutoftheincome,oriftheincomebeinsufficient,outoftheprincipal,allexpensesoftrustandallexpendituresincurredinfurtheringthepurposesofthetrust.

4.NeitheranydonationtotheGeologyFoundationnoranyfundorpropertyarisingtherefrominwhateverformitmaytakeshalleverbeanypartofthePermanentUniversity