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Caption: Board of Trustees Minutes - 1928
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I927] UNIVERSITY OF ILLINOIS 253 As a summary of the corporation's activities to date I send you herewith a copy of its balance sheet as of November 30, 1926. The $55,000 stock item appearing thereon comprises the stock held by the University, and the $5,000 item of common stock which was issued to Prof. Parr. Very truly yours, Arba B. Marvin VRBANA COKE CORPORATION BALANCE SHEET November 30, 1926 ASSETS: Cash (Harris Trust & Savings Bank) Foreign Patent Rights, Promotion, etc. (paid in stock) Equipment—1 Prehcater and miscellaneous, (at Urbana) Deferred Charges: Organization Expense Legal k Patent Expense (paid in cash and stock).... Traveling Expenses Misc. Expense: (Books, etc. revenue stamps, franchise tax on capital stocks, stenographic work at Urbana, etc.) Experimental Fuel Plant: (Urbana) Salaries, (Hobart, Sharp & Youker), Laboratory Expense $ S. N. Church, Consulting Engineer, fees & travel, expense Construction material & supplies, service and supplies rendered by U. of I. and others LIABILITIES: Coal & Coke Preferred—Authorized and outstanding Capital Stock: Labor, 6 % cummulative from January 1, 1926 — laboratory expense $ $ 1,141.86 55,000.00 1,015.92 400.00 10,475.16 442.63 375.60 2,019.34 1,456.17 $ 75,029.70 2,286.67 115.00 301.35 50,000.00 $ 6,178.53 C o m m o n — ( N o par value) Authorized and outstanding, 250 shares 25,000.00 Total Liabilities $ 75,000.00 Interest received on bank deposits 20.70 $75,029.70 Cash in Bank, October 31, 1926 $ 1,647.91 Interest credit on bank deposit, November, 1926 November Disbursements: S. N. Church, service on report on proposed tar plant. Salary, F. B. Hobart Traveling expenses Coal U. S. Corp. Co. fees, as agent in Delaware Stenographic Services at Urbana Stamps Cash balance November 50, 1926 This report w a s received for record. 1.29 $ 1,649.20 $250.00 50.00 H3-94 24.90 50.00 16.00 2.50 $ 1,141.86 507.34
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