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Caption: Board of Trustees Minutes - 1932
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546 BOARD OF TRUSTEES [March 8 i. The Secretary of the Board of Trustees shall notify the Treasurer, the Comptroller, and the depository of all actions of the Board of Trustees or of the Finance Committee acting under authority of the Board, which involve the withdrawal of any securities on deposit which represent permanent funds of the University. 2. The depository shall be authorized, upon receipt of such advice from the Secretary of the Board of Trustees, to deliver to the Treasurer or to the Comptroller, or to the order of either of these officers, securities covered by such actions. O n motion of M r . Williams, this procedure w a s adopted. ADDITIONAL APPROPRIATION FOR PREMIUM ON TREASURER'S B O N D (6) A recommendation that an appropriation of $209.61 be made from the Reserve and Contingent Fund to supplement the appropriation of $2500 made by the Board on February 10, 1932, to pay the premium on the Treasurer's bond. The original amount was based on a one year's premium, but the bond has been issued for the term for which the Treasurer was elected, namely, to March II, 1933O n motion of M r . Armstrong, this appropriation w a s m a d e , by the following vote: A y e , M r . Armstrong, M r . Barr, M r . Barrett, M r . Blair, Mrs. Grigsby, M r s . Hopkins, D r . Noble, M r . Williams; no, none; absent, M r . E m m e r s o n , M r s . Evans, M r . Trees. PRICE RANGE OF SECURITIES (7) A statement concerning the price range of the securities held for the account of Mr. H. S. Capron. PRICE RANGE OF U. S. GOVERNMENT SECURITIES ACCOUNT OF H. S. CAPRON, TREASURER JANUARY 18, 1932 TO M A R C H 5, 1932 Price Price Par January 18 March 5 $173 050 Fourth Liberty 4'Afo 1938 99.1 98.22 100.8 100.5 206 700 Treasury 3J4% 1956 91.16 91.16 97-12 97.12 26 550 Treasury 3 H % 1947 S9.31 89.ifi 94.8 94.0 86 000 Treasury 3 H % 1941-43 90.18 90.11 94.29 94.28 2 500 Treasury iYi% 1940-43 90.12 90.12 95-00 95-00 6r 000 Treasury 3*A% 1949 85.16 85.11 91.5 91.5 250 000 Treasury 3% 1955 • 84.28 84.1 90.4 89.23 5 000 Champaign County Tax Anticipation Warrants 100.0 100.o $810800 Total $731000 $768421 On motion of Mr. Armstrong, the Treasurer was authorized to sell the Fourth Liberty L o a n bonds of 1938 and the Treasury 394's of 1956. O n motion of Dr. Noble, the Treasurer, the Comptroller, and the Chairman of the Finance Committee were appointed as a special-committee, with such amounts sell the needs of the University mlist require. times and in authority to as the other securities in this a y at such Range January 18 to March 5 . Low High
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