Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 293]

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1937]

UNIVERSITY OF ILLINOIS Base Bid $4 995 00 7 388 00 5 555 00 5 377 00 8 074 00 7 516 00

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Banner Construction Co Bulley & Andrews John Kinnare, Inc Morgan Park Construction Co Moses Construction Co J. W. Snyder Co

Alternate ft 1 Alternate If 2 $ 787 00 $ 158 001 800 00 1 081 oo 555 00 888 00 929 00 568 00 I 304 00 779 00 1 710 00 I 230 00

He recommends that the contract be awarded to the Banner Construction Company, the lowest bidder, on its base bid of $4,995. Provision has been made in the budget for this work.

On motion of Mrs. Plumb, this contract was awarded to the lowest bidder as recommended.

PURCHASES AUTHORIZED

(28) A report of the following purchases authorized by the President of the University in accordance with the authorization of the Board of Trustees under its action on July 26, 1035: 1. 250 one-year old, shorn, crossbred, whitefaced ewes, for use in pasture experiments and to be kept on the Urbana farm until late in the summer and then sent to the experimental farm at Dixon Springs. (Reason for emergency: In order to take advantage of the pasture that is now ready.) 2. Book paper as follows: A. For Agricultural Experiment Station and Extension Service (paid for from Federal Funds) : 10,000 reams 8H x 10^—16 lb. White No. 4 Sulphite Bond 100 reams 8 ^ x 13—16 lb. White No. 4 Sulphite Bond B. For Office Supply Store, for general University printing: 2,250 reams 8 ^ x 10^—16 lb. White No. 4 Sulphite Bond 48 reams 17x28—20^ lb. White No. 4 Sulphite Bond 48 reams 19x24—19^2 lb. White No. 4 Sulphite Bond 64 reams 17x22—16 lb. Canary No. 4 Sulphite Bond 48 reams 17 x 22—16 lb. Pink No. 4 Sulphite Bond 12 reams 19x24—19^2 lb. Goldenrod No. 4 Sulphite Bond V/2 tons 17x22—16 lb. White No. 4 Sulphite Bond from the Chicago Paper Company, the low bidder, at a price of $3,843.95. (Reason for emergency: In order to use Federal funds delivery must be completed by June 30th. Delivery will require about four weeks.)

On motion of Mr. Pogue, the action of the President of the University in authorizing these purchases was approved and confirmed.

REPORT O N INVESTMENT O F T H E KATE NEAL KINLEY FELLOWSHIP FUND

Mr. Mayer, for the Finance Committee, reported as follows:

The Finance Committee recommends that the following securities, purchased as investments of the Kate Neal Kinley Fellowship Fund, be sold at the current market: $2,000 Par, New England Power Company, First A, 3%%, 1961. Cost 104. Current market about 100. $3,000 Par, Southwestern Bell Telephone Co., ist and ref. B, y/2%, 1964. Cost 108. Current market about 10554. The Committee recommends that the proceeds be invested in the following securities: $2,000 Cincinnati Union Terminal, First C, 5%, 1957. Price about 107^. $2,700 Indianapolis Power and Light, First A, 5%, 1957. Price about 106.

'Void—not accompanied by certified check.