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Caption: Board of Trustees Minutes - 1928
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316 BOARD OF TRUSTEES [June 10 INVESTMENT O F TRUST F U N D S O n motion of Mr. Armstrong, the Treasurer was instructed to invest $8,107 °f trust funds (see page 265) in Illinois Central 4J4 per cent bonds or in Chicago, Burlington & Quincy 5 % bonds. O n motion of Mr. Barr, the Treasurer was instructed to invest $10,000 of trust funds in securities selected from the following l s , it provided that not more than $5,000 should be invested in any one security. Detroit City Gas Bonds. Ohio Power 5 % Bonds. American Telephone and Telegraph 5%> Bonds. Western Union 5 % Bonds. Commonwealth Edison Bonds. McKINLEY HOSPITAL President Trees requested the Committee on Student Welfare to confer with President Kinley and report on the McKinley Hospital. PRESIDENT'S H O U S E O n motion of Mrs. Ickes, the matter of a house for the President of the University was referred to the Committee on Buildings and Grounds for investigation and report. MR. A R M S T R O N G M A D E PRESIDENT PRO TEMPORE On motion of Mr. Barr, Mr. Armstrong was designated to act as President of the Board pro tempore during the absence of President Trees from the country. DATE OF JULY MEETING On motion of Mrs. Ickes, it was voted to authorize the President of the Board to set the July meeting on a date to be designated by the President of the University. APPOINTMENTS M A D E BY PRESIDENT KINLEY The Secretary presented for record a l s of appointments made by it the President of the University. Ashton, Bessie L., Associate in Geology, for one year beginning September 1, 1927, at a cash compensaton of two thousand four hundred dollars ($2400). (June 13, I927)x Lohmann, F. C , Superintendent of Building Construction, in the Office of the Supervising Architect, beginning M a y 19, 1927, and continuing until September 1, 1927, subject to the rules of the Civil Service Commission, at a cash compensation at the rate of four thousand two hundred dollars ($4200) a year. ( M a y 20, 1927) Nelson, Severina, T o give instruction in English, in the Summer Session of 1927, beginning June 20, and ending August 13, at a compensation of two hundred eighty-three dollars and thirty-three cents ($283.33) for the session. (June 4, 1927) T h e B o a r d adjourned. H. E. Cunningham Merle J. Trees Secretary President 1The date^ in parenthesis is the date on which the appointment was made by the President of the University.
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