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KGS Board Minutes
Kansas Geological Foundation
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Several sets of geological data
and publications
AAPG Bulletins
Shale Shakers
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Kansas Completion Card Sets
Completion Card Cabinets
Black Light Box (spook box)
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July 2003 Minutes
This is a summary of the July 15, 2003 KGS
Board meeting. The official minutes of all KGS
Board meetings are available at the KGS Library.
Mr. Pierce welcomed those present and excused
those not present. Mr. Maune gave the treasurers
report. There was general discussion about the in-
vestments of the KGS with the Trust Company of
Kansas. At the May meeting, the Board had voted
to withdraw KGS funds from the stock market. The
Board voted at the July meeting to purchase a short
term CD at the highest rate available with
$90,000.00 of these funds and also voted to invest
$100,000.00 into the best CD available with a term
shorter than 6 years.
Ms. Radford gave the manager's report. As of
June 30, the library had a net loss of $479.27 with a
year-to-date net profit of $15,985.70. As of the end
of June, there were 579 Society members and 174
Library members.
Old Business: Penn Energy signed an agreement
with the KGS to provide a computer tied to their pro-
duction data. Coverage includes Kansas, West
Texas, Oklahoma and Missouri. A.A.P.G. has of-
fered to digitize KGS publications and have them
available through the A.A.P.G. KGS would share in
the profits after a payout of the costs had been cov-
ered.
John Morrison of IOG has asked the KGS to raise
the price to copy completion cards to $1.00 per card
to coincide with his prices. This agreement is being
worked out with attorneys and Mr. Morrison.
A Memorandum of Cooperation has been signed
between the KGS and the KGF, working towards a
Management Agreement for the Digital Library.
New Business: The El Dorado Oil & Gas Mu-
seum has requested the donation of an old micro-
scope to be displayed in a new exhibit they are plan-
ning, a Landman / Geologist exhibit. The KGS
Board moved to donate an old one we have on dis-
play in the library. The KGS name will be placed on
the exhibit as well as the name of the person who
donated it to the KGS.
There was discussion regarding new membership
to the KGS Library and how we bill for renewals.
Ms. Radford requested that for all new Library mem-
berships, we make their renewal date anniversary to
anniversary rather than January to January. This will
be in sync with how memberships to the Walters
Digital Library are handled. This will alleviate the
problems that might arise with prorating.
The meeting was adjourned at 3:12 PM.