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Caption: Board of Trustees Minutes - 1944
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1943] UNIVERSITY OF ILLINOIS 747 arose between the Board and Posie T. Wright concerning the wills and the estates of Dr. Harry G. Wright, deceased, and Harriette A. Wright, deceased; and Be it further resolved, that the Comptroller and the Secretary of the Board of Trustees be, and they are hereby, authorized to execute leases for the use of the land described above, on recommendation of the Dean of the College of Agriculture. O n motion of Mr. Davis, this resolution was adopted. REPORT OF FINANCE COMMITTEE Mr. Karraker, for the Finance Committee, reported as follows: On advice of investment counsel, the First National Bank of Chicago, the following purchases were made as investments of surplus cash in Student Loan Funds: $25,000 %% U. S. certificates due September 1, 1944. The Committee has also approved the following additions to the list of authorized investments for endowment funds: Central Illinois Public Service Company 1st zVi%, due 1071, approximate market 107^, yield 3 % ; West Texas Utilities Company, 1st 3Ji%, due 1973, approximate market 102.46, yield 3%; U. S. Third War Loan Bonds, Series G, 1955, 2%%. The sum of $10,000 of the last named item has been purchased. On motion of Mr. Karraker, these investments were approved. ADJUSTMENT IN BUDGET OF ATHLETIC ASSOCIATION Mr. Davis, for the Committee on Athletic Activities, reported a recommendation that the adjustment in the budget of the Athletic Association, appropriating $1,000, or so much thereof as may be necessary, for medical services for M r . L. M. Tobin (see page 726) be approved; but that the Board of Directors of the Athletic Association be requested to take up all such matters with the Board of Trustees in advance. After discussion, this recommendation was adopted. T h e Committee on Athletic Activities was requested to study and report on the relations of the Athletic Association and the University. T h e Board adjourned at 11:30 p.m., to meet at 10:30 a.m. Saturday. H. E. C U N N I N G H A M PARK LIVINGSTON Secretary President A D J O U R N E D S E S S I O N , O C T O B E R 30, 1943 W h e n the Board met on Saturday morning, pursuant to adjournment the night before, the same members and officers were present as before; also, during part of the session, Judge Sveinbjorn Johnson, Professor of Law, and Mr. Charles S. Havens, Director of the Physical Plant Department. M r . F r a n k S. Thompson, Director of the State Department of Registration and Education, sat with the Board during part of the session. MATTERS PRESENTED BY PRESIDENT WILLARD The Board considered the following matters presented by the President of the University.
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