Repository: UIHistories Project: Board of Trustees Minutes - 1928 [PAGE 531]

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528

board of trustees

[January 4

President Trees appointed the Committee on Student Welfare and Dr. Noble to study this matter. A t this point, M r . Trees asked M r . Armstrong to preside, and withdrew. INVESTMENT O F PLYM F U N D M r . Armstrong presented a letter from the Treasurer containing recommendations for the investment of $41,591.14 received from the sale of Southern Pacific C o m p a n y stock. O n motion of Dr. Noble, the Treasurer and the Chairman of the Finance Committee were authorized and instructed to invest this fund in securities to be selected from the following list by the Treasurer and Finance Committee, not over $19,000 (par value) to be invested in any one security: Chicago Union Station 5 per cent bonds of 1944 Illinois Bell Telephone Refunding 5 per cent bonds of 1956 Louisville Gas and Electric 5 per cent bonds of 1952 Missouri Pacific First Mortgage and Refunding 5 per cent bonds N e w York Edison First Mortgage and Refunding 5 per cent bonds of 1944 Kansas Power and Light First Mortgage 5 per cent bonds Georgia Power Company 5 per cent bonds Hotel Sherman First Mortgage 554 per cent bonds of 1946 O n motion of M r . Barr, this investment w a s authorized and the President and the Secretary of the Board were authorized to execute all necessary papers. T h e authorization was m a d e by the following vote: Aye, M r . Armstrong, M r . Barr, Mrs. Evans, Mrs. Grigsby, Mrs. Ickes, Dr. Noble; no, none; absent, M r . Blair, Mrs. Busey, M r . Small, M r . Trees, M r . W a r d . ALUMNI DIRECTORY M r . Barr recommended, for the Committee on Alumni, that a directory of alumni and former students be published by the University, and that the President of the University be requested to report on the plan and scope and the probable cost of the work. O n motion of M r . Barr, this recommendation was adopted. APPOINTMENTS M A D E BY T H E PRESIDENT T h e Secretary presented for record a list of appointments m a d e by the President of the University. Althausen, Darrell, Assistant in Chemistry, on one-half time, for five months beginning February 1, 1928, at a cash compensation at the rate of seventy dollars ($70) a month. (December 19, 1927)1 Harned, John W., Assistant in Otolaryngology, in the College of Medicine, for eight months beginning January 1, 1928, without salary. (December 24, 1927) Hull, Thomas G., Assistant Professor of Pathology and Bacteriology, in the College of Medicine, for eight months beginning January 1, 1928, without salary. parenthesis is24, 1927) on which the appointment was made by the 'The date in (December the date President of the University,