| |
| |
Caption: Board of Trustees Minutes - 1930
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
I928] UNIVERSITY OF ILLINOIS II You will note that on that date there was a balance of $163.48 in the income account of this fund. The income for the year 1928-29 will be approximately $4.50.00, making a total of something over $600 available for the year 1928-29. This fund is available to meet the board and tuition of young men students from Havana, Illinois, nominated by your Board. The average cost of the items mentioned, for one year for a student, would be about $350. If you desire to make one or more nominations for beneficiaries from this fund for the coming year, kindly do so to President Kinley in the same manner as heretofore. Very truly yours, Lloyd Morey, Comptroller ANNUAL REPORT ON E. A. WALLACE MEMORIAL SCHOLARSHIP FUND, YEAR ENDING JUNE 30, 1928 PRINCIPAL ACCOUNT Received from bequest of Gertrude E. Haweis Specific Bequest $10 000 00 Interest 7 % eight months 466 67 $10 466 67 Less California Inheritance Tax 475 00 Net Amount Received $ 9 991 67 Investment made June 4, 1928 $ 4 500 00 Mortgage note signed by Jessie A. and Keith W . Swigart. Dated M a y 1, 1928, interest 5 % payable annually, maturing M a y I, 1933. Secured by first mortgage on North Yi of Southwest J4 of Section 2, Township 21, North, Range 5 East of third Principal Meridian; 80 acres situated in McLean County, Illinois 4 500 00 Balance on hand in cash, June 30, 1028, on deposit at 4 J 4 % interest $ 5 491 67* INCOME ACCOUNT Receipts A. M . Burke, Treasurer, Interest @ 4 % % September 1, 1927, to June 30. J928 $ Disbursements Scholarship Award—Clay V. Hoskins, Second Semester 1927-28 Citizens State Bank—Accrued interest on Mortgage purchased N. B. Carson, Recorder McLean County—Recording Assignment of Mortgage Balance in Income Account June 30, 1928 337 98 158 50 15 00 1 00 $ 174 50 $ 163 48 Lloyd Morey, Comptroller This report received for record. QUARTERLY REPORT OF COMPTROLLER (29) The quarterly report of the Comptroller as at June 30, 1928. July 18, 1928 President David Kinley, 355 Administration Building West Dear President Kinley: I transmit herewith the Quarterly Report of the Comptroller to the Board of Trustees for the quarter ending June 30, 1928. Since this is the end of the fiscal 'Investment in 5% real estate mortgage in process.
| |
