| |
| |
Caption: Board of Trustees Minutes - 1926
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
504 board of trustees [January 11 VACATION O F HESSEL B O U L E V A R D (3) On suggestion of Professor White, I recommend that Green and Palmer be employed as attorneys for the University, to take the necessary steps to have Hessel Boulevard east of the Illinois Central tracks vacated. O n motion of M r s . Busey, this recommendation w a s concurred in. REPORT ON COLLEGE PLACE LOT (4) The Comptroller reports that the purchase of Lot 86 in College Place from Fannie B. Sherfy (Minutes, March I, 1923, page 154) has been concluded in accordance with the Minutes of December 8, 1925, page 478, and the papers have been deposited with the Secretary of the Board. This report w a s received for record. INVESTMENT OF TRUST FUNDS (5) A statement from the Comptroller that something over $6000 has accumulated in the M a y Fete fund under the administration of the department of Physical Education for women, with a recommendation that this money be invested and the income be made available for expenditure for special purposes for the benefit of women students in physical education; also that Third Liberty Bonds of a par value of $250 be sold and the proceeds combined with certain small balances aggregating £268.57 in various permanent funds, and that the total amount of £6500, more or less, be invested in bonds authorized by the Illinois statutes, the income, of course, to be applied in proportion to the several funds involved. BALANCES IN VARIOUS PERMANENT FUNDS NOVEMBER 30, 1925 Thrift Committee Economics Prize Fund $ 8.23 Gehrmann Lectureship Fund 57.23 English Poetry Prize Fund 33.62 Plym Fellowship Fund 41-39 Gregory Scholarship Fund 119.10 Rea Scholarship Fund 9.00 Total £268.57 LIBERTY BONDS HELD AS INVESTMENTS OF PERMANENT FUNDS Third Liberty Bonds Thrift Prize Fund £200.00 Rea Scholarship Fund 50.00 £250.00 Second Liberty Bonds English Poetry Prize Fund 350.00 Rea Scholarship Fund 150.00 Guild Memorial Prize Fund 100.00 600.00 Fourth Liberty Bonds Thrift Prize Fund 50.00 Total $900.00 The Comptroller and the Treasurer were authorized and directed to sell the Third Liberty Bonds as recommended, and the matter of the investment of the combined fund of $6500 was referred to the Finance Committee for a recommendation (see page 508). GIFT FROM THE MELLON INSTITUTE OF INDUSTRIAL R E S E A R C H (6) Under the authority given me by the Board I have accepted a gift of £3000 from the Mellon Institute of Industrial Research of the University of Pittsburgh for research work in the College of Medicine. record. This report w a s received for
| |
