Caption: Board of Trustees Minutes - 1936
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1935] UNIVERSITY OF ILLINOIS 153 {Catherine L. Sharp Scholarship. This gift represents a continuation of the original grant accepted by the Board of Trustees on December 21, 1932 (Minutes, page 161). This report was received for record. APPROPRIATION FOR STEAM LINE A N D T U N N E L (20) The Director of the Physical Plant Department reports that the man tunnel and new steam line from, the Music Building junction to the Residence Halls has been completed at a total cost of not more than $26,000.00. The actual cost to date is $25,336.89, but it will be several weeks before all vouchers have been passed, and the final total may be approximately one per cent more than the cost to date. The total cost of the steam line from the Horticultural Field Laboratory and the Greenhouse was $912.61. The total expenditures for these two improvements will be less than $27,000.00, leaving a balance of $3,000.00 in the appropriation of $30,000.00 authorized by the Board on September 11, 1934 (Minutes, page 33), and October 12, 1934 (Minutes, page 49), and assigned by the Governor from the Contingent Fund in the University's State appropriation. The Director recommends that in view of the many contingencies in the steam distribution system, this balance be made available for other repairs and replacements in the steam distribution system during the present fiscal year. It was the opinion of the Board that this balance should be allowed to lapse; and that the Director of the Physical Plant be requested to submit detailed plans and estimates for the replacement of the steam line to the north Greenhouse. C.P.A. CERTIFICATES (21) A recommendation from the Committee on Accountancy that the certificate of Certified Public Accountant be awarded the following candidates who have been certified by the Board of Examiners in Accountancy as having passed the examination given in November, 1934: ALBERT J. Bows, JR. FRANCIS A. CHANDLER ARTHUR OLMSTED COLLINS LLOYD IRVING COVENEY PAUL WILLIAM DEBOLT CHARLES FREDERICK HERRMEYER JOSEPH RETHLY HOCK MILTON A. HUEBSCH ARTHUR ERIC ISRAELSON ELLIS RAYMOND JACKSON GARRETT E. KAUFFMAN ROY EDWARD MARTIN NELS CLIFFORD NELSON HERMAN ERNEST SCHUKNECHT, JR. EDWARD SOLOMON EDMUND ALEXANDER SPENCER GEORGE W. TOON On motion of Mrs. Plumb, these certificates were awarded as recommended. SALE AND PURCHASE OF SECURITIES (22) The Comptroller submits the following report of the sale and purchase of securities as investments of endowment funds as authorized by the Finance Committee: March 9, 1935 President A. C. Willard, 355 Administration (W) DEAR PRESIDENT WILLARD: I wish to report that $2,000 of British Columbia Pulp and Paper Company first 6% bonds of 1950 have been sold in accordance with action of the Board of Trustees on February 9 at a price of 84J4. I also report that $14,595 of Argentine Republic 5% bonds due March 1, 1945, have been called at par in accordance with the terms of the bonds. I also report that $10,000 of General Petroleum Corporation 5% bonds of August 15, 1940, were called on February 15, 1935, at a price of I02J4. I also report the purchase of the following securities under the authority
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