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Caption: Board of Trustees Minutes - 1938
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1937] UNIVERSITY OF ILLINOIS JOURNALISM BUILDING 2 53 (3) Following the Board meeting on April 14, the President, Secretary, and past and present Chairmen of the Building Committee of the Illinois Press Association were notified of the action of the Board to postpone for two years its request for an appropriation for a building for Journalism and other subjects. This report was received for record. PURCHASES RECOMMENDED (4) A recommendation that the following purchases be authorized: 1. One i6"x3o" — 6' LeBlond Regal 8 speed geared head quick change engine lathe, with motor, and with attachments, from R. K. LeBlond Machine Tool Company, Chicago, the lowest bidder, at a price of $1,228.50 f.o.b. Cincinnati. 2. 450 barrels Portland Cement in paper sacks, from Morris L. Hecker Company, Champaign, the lowest bidder, at a price of $2.38 per barrel, f.o.b. Urbana, or a total of $1,071.00. On motion of M r . Pogue, these purchases were authorized as recommended. INVESTMENT OF E N D O W M E N T FUNDS Mr. Mayer reported for the Finance Committee that the Chicago Union Station 3 ^ per cent bonds of 1963, the purchase of which at 102 was authorized, could not be secured for less than 104, and recommended that the purchase of $5,000 of this issue at 104 be authorized; also that the purchase of $5,000 National Steel Company, 4 per cent bonds of 1965 at a price of 1 0 4 ^ be authorized as investments for endowment funds. O n motion of M r . Mayer, the purchase of these securities was authorized. T h e Board adjourned. H. E. C U N N I N G H A M O. M. KARRAKER Secretary President
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