Caption: Board of Trustees Minutes - 1964
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722 BOARD OF TRUSTEES [August 1 REPORT OF THE FINANCE COMMITTEE O N THE TREASURER'S BOND (20) T h e Finance Committee reports that it has received from Robert R. Manchester, Treasurer of the University, a bond in the amount of $6,000,000 with the Continental Casualty Company as surety. T h e bond has been approved by the Legal Counsel of the University and by the Business Office. T h e Finance Committee has accepted the bond and reports its receipt for record. O n m o t i o n of M r . W i l l i a m s o n , t h e a c t i o n of t h e C o m m i t t e e w a s confirmed. INVESTMENT R E P O R T Report of the Finance Committee (21) The Finance Committee reported the following changes in investments of endowment funds for the months of February, March, April, and May, 1963: Endowment Pool Sale Ingersoll Rand common $ 16 990 22 240 shares Exchange $ 100 000 U. S. Treasury bonds 2/15/64 and 3 per cent 85 000 U. S. Treasury bonds 2H 8/15/63 for 185 000 Ws U. S. Treasury bonds 11/15/71 100 000 3 U. S. Treasury bonds 8/15/66 and 30 000 U. S. Treasury notes 11/15/65 for 130 000 U. S. Treasury bonds 2/15/80 4 Purchase 500 shares % 16 702 62 Goodyear Tire and Rubber common 90/100 share Standard Oil Company of California common 58 19 $ 25 500 U. S. Treasury bonds 4 per cent 8/15/72 25 653 28 Ceramic Engineering Sale J 10 211 91 500 shares Avnet Electronics Corporation common Dennis Children Exchange $ 2 000 U. S. Treasury Z\i per cent 5/15/63 for certificates 5/15/64 2 000 U. S. Treasury 3J< certificates Miller Sale 187 42 Consolidated Edison Company 500 rights 20 04 30/100 share Standard Oil Company of California common 16 45 International Paper common 29/50 share Wallace Exchange $ 6 500 U. S. Treasury bonds lYi per cent 8/15/63 for 2/15/80 6 500 4 U. S. Treasury bonds Chicago — Pharmacy Scholarship Sale J 496 40 Jewel Tea Company common 10 shares Report of the Comptroller The Comptroller reported the following expended plant funds, over which he has Current Funds Restricted Group (June 20, 1962) Sale $1 000 000 U . S . Treasury certificates 500 000 U. S. Treasury certificates changes in investments of current and unauthority as indicated: 3V2 per cent 3}4 8/15/63 5/15/63 $1 011 487 84 500 546 88
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