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Caption: Board of Trustees Minutes - 1950
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1004 BOARD OF TRUSTEES [February 16 Resolution Regarding Sale of Stock Whereas the Board of Trustees of the University of Illinois is the owner of two shares of Standard Oil Company of New Jersey Common Stock and 200 shares of Crane Company Common Stock, and Whereas the Board of Trustees has approved the sale of such stock in its meeting of February 16, 1950, Now, therefore, be it resolved by the Board of Trustees of the University of Illinois that Lloyd Morey, Comptroller, and H. E. Cunningham, Secretary, be authorized to execute any and all documents necessary to complete such sale. On motion of Mr. McLaughlin, these transactions were authorized and the resolution was adopted as recommended. SECRETARY'S REPORT OF CONTRACT The Secretary presented for record the following document signed by the President and the Secretary of the Board, and deposited with the Secretary since the last report. Marine National Exchange Bank of Milwaukee, Deposit Agreement, $175,000 Staff Housing Revenue Bonds, Florida and Race Street Staff Housing Project — dated October 1, 1949. SECRETARY'S REPORTS T h e Secretary presented the following lists for record, as printed in the Appendix. 1. Appointments made by the President of the University (page 1005). 2. Graduate fellows (page 1007). 3. Resignations and declinations (page 1008). 4. Leaves of absence (page 1008). 5. Degrees granted February 12, 1950 (page 1009). T h e Board adjourned, to meet on March 14, 1950. H. E. C U N N I N G H A M K E N N E Y E. WILLIAMSON Secretary President
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