Winthrop University Board of Trustees

February 11, 2009
10:00 a.m.
Polly Ford Conference Room
West Health and Wellness Center
Winthrop University


Minutes of Meeting of the Board of Trustees

Members present: Kathy Bigham (chair), Karl Folkens, Janet Smalley, Frances Davenport, Jane LaRoche, Leland Cox, Dalton Floyd, Samuel Foster, David Vipperman, Susan Smith-Rex, Robert Thompson, Anthony J. DiGiorgio (ex officio)

Members absent: Glenda Owens, Donna Tinsley

Others present: Kimberly Faust, Tiffany Barkley (The Johnsonian), Shawn Cetrone (The Herald)

The Board of Trustees met via teleconference on Wednesday, February 11, 2009 for a special meeting called to consider two resolutions pertaining to the issuance and sale of bonds.

Call to Order

Chair Bigham called the meeting to order at 10:12 a.m.

The only order of business was the following two resolutions.

Resolution Requesting the Issuance of Not Exceeding Thirteen Million Eight Hundred Fifty Thousand ($13,850,000) General Obligation State Institution Bonds for Winthrop University Pursuant to Chapter 107, Title 59, Code of Laws of South Carolina 1976, as Amended, and the Issuance of Bond Anticipation Notes Prior to the Issuance of Such Bonds

Resolution Providing for the Issuance and Sale of Higher Education Revenue Bonds, Series 2009, of Winthrop University, South Carolina, in a Principal Amount of Not Exceeding Seven Million Five Hundred Thousand Dollars ($7,500,000) and Other Matters Relating Thereto

Karl Folkens moved to accept the resolutions as presented, Dalton Floyd seconded. After discussion surrounding the issuance of the bonds, specifically that these bonds would not result in an increase in tuition, the resolution passed unanimously.


Hearing no objections, Chair Bigham adjourned the meeting at 1:23 a.m.

Approved by the Board on February 27, 2009