UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 140]

Caption: Board of Trustees Minutes - 1938
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138

BOARD OF TRUSTEES

[December IS

Sales

$8,000 par Illinois Highway 4%, due 1953 at 121.78. This represents a profit of $1470.82 over book value which has been carried to the account for reserve for gains and losses on group investments. Purchases For group investments: $5,000 Pacific Gas & Electric Co. 1st and refunding, series I, 3l/i%, 1966 at I03&$8,500 United States Treasury 4%, 1954-44 at u<?%2. $5,000 California Water Service Co. 1st mortgage, series B, 4%, 1961 at 105^. $5,000 Wisconsin Power & Light Co. 1st 4%, 1966 at 102J4. $6,000 Cumberland County Power & Light Co. first sVJfo, 1966 at 103. For the Kate Neal Kinley Endowment Fund: $2,000 New England Power Co. 3%*%, 1961 at 104. With these transactions practically all cash of our endowment funds is invested. T h i s r e p o r t w a s r e c e i v e d for r e c o r d . REPORT OF CONTRACTS A N D PURCHASE ORDERS (27) The following report from the Comptroller of contracts and purchase orders executed since the last report:

CONTRACTS EXECUTED BY THE COMPTROLLER NOVEMBER 14, 1936, TO DECEMBER 10, 1936

The Illinois State Board for Vocational Education to pay fees for instruction to be rendered as follows: For whom Instruction in Tenure Date Abraham Sandor Medicine Year 1936-37 October 23, 1936 John C. Hines Extension courses Year 1936-37 November 16, 1936 Renewal of lease originally approved by Board of Trustees in meeting of September 28, 1935 (Minutes, page 405): Amount to be paid by With whom For Untversity Vote Mrs. George Brownfield Rental of Brownfield Woods $135 00 October 15, 1936 Loretta Brownfield for year ending October 15, I. D. Brownfield 1936, with provision for George Brownfield extension Cooperative agreement as approved by Board of Trustees in meeting of October 26, 1936 (Minutes, page 8 2 ) : AmMja f0 be paid by With whom For University Date Champaign County Milk Investigation for sampling $250 00 November 7, 1936 Producers Association and testing milk Contract as authorized by Board of Trustees in meeting of October 26, 1936 (Minutes, page 87) : AmouJlt t0 be paid by With whom For University Date Gilbert and Barker ManuHeating work for College of $1 05s 00 October 9, 1936 factoring Company Agriculture Scale House Minor contracts executed under general regulations of Board of Trustees: Amount to be paid by With whom For University Date Brinks, Incorporated Agreement covering delivery of $18600 October 38, 1936 money and securities from per year Chicago Departments to First National Bank of Chicago McKibben and Hensen Agreement covering sale of $100 00 November 25, 1936 house to be removed from Nally property

This report was received for record.