Minutes of a Regular Meeting of the Board
April 3, 2004

Attending:

Bert Ratia, President; Bob Richardson, Secretary; Dwight Eller, Treasurer; Bill Malcomb, Member; Bob Ruikka, Member; Scott Warren, Member; Bill McMahon, Member; Tony Marrs, Member; Rick Rupkey, Sr., Member.

Noting the presence of a quorum, President Ratia called the meeting to order at 10:06 a.m. The meeting was held in the conference room of KMSB/KTTU Television in Tucson, Arizona.

On a motion by Treasurer Eller and a second by Member McMahon, the minutes of the Board Meeting of November 29, 2003, were approved as submitted.

After some discussion, on a motion by Member Rupkey and a second by Member Marrs, the Board unanimously approved this motion:

That Article VII, Section 2, Subsection D of the ByLaws is amended to read: D: Quorum. Five members of the Board of Directors shall constitute a quorum. No action can be taken by the Board at a meeting lacking a quorum.

After some discussion, on a motion by Treasurer Eller and a second by Member Warren, the Board unanimously approved this motion:

That Article VII, Section 2 of the ByLaws be amended to add a subsection E which reads: E. Participation. Members of the Board of Directors may participate in meetings by electronic means.

In his report, Treasurer Eller reported to the Board that between various accounts our total assets are approximately $294, 227.

Member Malcomb indicated he had not yet seen the investment report at the end of March, but that the portfolio, like much of the market, was doing very well.

Member Warren questioned why more of the investments weren't in index funds rather than stocks. Brother Malcomb summarized the investment strategy that he and Brother Lee Olsen have worked out for the Board in response. Member McMahon asked whether the Board should consider taking some of the investment funds and purchasing property near the University of Arizona. Following discussion on the subject, President Ratia appointed Member Malcomb, Member Marrs and Secretary Richardson to a committee to investigate that possibility and report back to the Board at the Fall meeting.

Secretary Richardson reported in Member Sanders' absence that the plaque authorized by the Board as part of a memorial on campus to Epsilon Beta is ready to be dedicated. Member Malcomb reported that they are working to get some publicity for ATW in alumni publications for it.

There was discussion about any social events in 2004 prior to Homecoming. It was decided to investigate hosting an event in Los Angeles prior to the 2004 Arizona-USC football game. Member Malcomb will communicate with Board members about the planning and implementation of the event.

There was discussion about Homecoming 2004. The concensus of the Board was that we plan a similar event to Homecoming 2003. Member McMahon pointed out 2004 is the 25th anniversary of the rechartering of Epsilon Beta in 1979 and suggested a reunion of members from that era be considered. Member McMahon and Secretary Richardson will investigate and communicate back to the Board any plans.

Under Old Business, Treasurer Eller sought Board ratification for the expenditure of $700 out of the operating account for a Southern California alumni gathering held in August, 2003. On a motion by Member McMahon and a second by Member Rupkey, the Board ratified the expenditure.

Secretary Richardson briefed the Board on the current situation of the Greek System on campus saying that many major houses continue to be either suspended or on probation and the System is not growing. He also pointed out that the former location of the Sigma Chi house on First Street is now a parking lot after Sigma Chi negotiated a land swap with the University.

There was no New Business.

By consensus, the Board tentatively set its next meeting for Saturday, September 25, 2004, at the same location.

There being no additional business, President Ratia adjourned the meeting at at 11:15 a.m.