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Caption: Board of Trustees Minutes - 1928
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S7o BOARD OF TRUSTEES [March 13 M A R C U S RUSSELL LOAN F U N D (24) A report from the Comptroller on the proceeds of the sale of certain securities. March 6, 1928 President David Kinley, 355 Administration, West Deak President Kinley : I wish to report that in accordance with the action of the Board of Trustees on February 14, 1928, the following securities of the Marcus Russell Loan Fund have been sold at the prices indicated plus accrued interest: Amount Security Rate vtice Total $5 coo San Diego County Water Company...6% 98.8 $4 940 00 4000 American Toll Bridge Company 8% 101.05 404200 3 000 Methodist Hospital of Southern California 7% 102.8 308400 3 000 Seventh and Grand Avenue Building of Los Angeles 6l/2% 100.3 300900 $15 075 00 Accrued Interest 400 91 Total credited to the principal account of Marcus Russell Loan Fund $15 475 91 The prices secured are, in all cases, slightly better than the minimum quotations which I reported to you on February 7 in recommending the sale. Cordially yours, Lloyd Morey Comptroller O n motion of Dr. Noble, the Finance Committee was authorized to sell the Wilshire Oil C o m p a n y bonds at 90 or over, and the K e y System Transit C o m p a n y bonds at the market. AUTOMOBILE ACCIDENT CLAIMS (25) A statement concerning certain claims for compensation on account of automobile accidents. N o action w a s taken on this matter. SIZE OF PORTRAITS (26) A letter from the Supervising Architect concerning the size of portraits intended to be hung in University buildings. This matter w a s referred to a special committee consisting of Mrs. Busey, Mrs. Evans, Mrs. Grigsby, and Mrs. Ickes. T h e committee was requested to consider and report on the size of such portraits, the place of hanging, and other elements involved. TIME OF APRIL MEETING It was voted to hold the April meeting at the University, in Urbana, on Thursday, April 12, 1928. APPOINTMENTS MADE BY THE PRESIDENT T h e Secretary presented for record a list of appointments m a d e by the President of the University. Anderson, Andrew L., Technician in the Research Laboratory of the Animal Hospitals, in the College of Medicine, for six months beginning
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