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U Denies Its Stock Affects Film issue

U Denies Its Stock Affects Film issue image
Parent Issue
Ann Arbor News, May 17, 1974
Article Author
Roy Reynolds
Day
17
Month
May
Year
1974
Copyright
Copyright Protected
Rights Held By
Donated by the Ann Arbor News. © The Ann Arbor News.
OCR Text

U Denies its Stock
Affects Film Issue

By Roy Reynolds

"The purchase price is being paid o

ceived by f
field Cm;

funds an'

wk. Thr •

University purposes.

He also said the contract between the'
U-M and Butterfield calls for the stock ti>
be fully owned by the U-M "in the early
1980s," but added that the present rate of

the stock, he added, because it is not list-
ed and cannot be sold on the market by
the U.M. according to the contract with
Bulterfield. An official at Butterfield's

Slate Rep. Perry Bullard. D-Ann Ar-
bor, contended earlier this week that be-
cause the U-M owns "f>,940 shares (34

field Michigan Theatres Inc.," the U.M

(J-M V. "-- " •

The regf
voted 5 to
rampus fil

•h would be "acceptable" to
L, Water,. D.Muskegon, voted

Rep. Builard. not b'y one uf the f>:

profit U-M student groups which i-
*jy sponsor films for public viewing-

lially greater thmn 11; liiin rensorship
than "guidelines" concerning film con-
tents.

i Questioned by Ri^ciil R^'crt Brown.
Kenny s.-i'i ; film

pect gri rosts
of $103.D- ii»0 to

torium rent, $7,200 for ads in the Mich-
igan Daily, £12.000 for other expenses in.
eluding salaries, Sfi.OOO for a special free

He added that U-M auditor isf student
Asked by Brown what would happen if
i-^heed for 20

Responding to questions from Regent
Lindemer Kenny said two-thirds of New
World Co-op's 30 members are U-M stu-
dents, with membership open to "anv-

roles."

$156 tuition tu L.

during the sprm;, -,.,.,..-.. ..... ,

fered to pass his student iiientifii.

Brown declared "I'm aghast" ':,..,.
Prof. Marvin Fclhriiii. .-iiairman D! ^

heiro said the equipment is frequently
used to show films requested for specific
U.M classes.