Caption: Board of Trustees Minutes - 1938
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
i937l UNIVERSITY OF ILLINOIS GROUP INVESTMENTS SALES 579 Amount realised from sale $10,554.85 Net profit $261.54 par $10,000 Description City of New York, 4% bonds, due 1940 105-548535 $10,293.31 GROUP INVESTMENTS PURCHASES Price at which sold Book value at time of sale Price at which Book par Description purchased Yield value $3,000 Gulf States Utilities, 4% bonds, due 1966 i o o # 3.99 $3,007.50 This report was received for record. On motion of M r . Mayer, the purchase of $5,000 par value Wilson Company bonds, first fours of 1955 was authorized as an investment of endowment funds. CONTRACT W I T H ARTHUR ANDERSEN & CO. On motion of M r . Mayer, the Finance Committee was authorized to negotiate a contract with A r t h u r Andersen & Co. at a m a x i m u m cost of $3,300 for the next year. PROPERTY NEAR COLUEGE OF MEDICINE Mrs. Plumb, for the Committee on Chicago Departments, presented an informal report on the disposal of property near the College of Medicine. This report was received for record. LOCATION OF PASTEUR M O N U M E N T On motion of M r s . Plumb, the following resolution was adopted: Whereas, the Chicago Park Board has offered the University the valuable monument to Louis Pasteur, now standing near the Field Museum, on condition that the University remove this monument and place it in a suitable location at the College of Medicine, which gift the University has accepted; and Whereas, the Board of Trustees is deeply conscious of the greatness of the subject and of the value of the gift; and Whereas, plans for the development of the Chicago Medical Park area are at this time uncertain; Therefore, be it resolved, that the Board of Trustees feels unable to assign a suitable site for this monument before next spring. MATTERS PRESENTED BY PRESIDENT W1LLARD The Board resumed its consideration of matters presented by the President of the University. OFFER OF MR. FRANCIS J . PLYM (19) Mr. Francis J. Plym, of Niles, Michigan, an alumnus of the University, who has endowed the Plym Fellowship in Architecture and the Plym Scholarship in Architectural Engineering, wishes to increase the endowment of this fund to change the Scholarship to a "Foreign Traveling Fellowship in Architectural Engineering" and to increase the stipend from $700 to $1,200 a year, thus making it the same as the Fellowship in Architecture. , He has suggested that he purchase common stocks and give them to the University, leaving the Board free either to keep them or to sell them at such time as it seems advisable. He has in mind the following stocks and has asked JjJat the Board indicate its preference of two or three of these: American Tobacco "B," Swift & Company, Loew's, Inc., General Electric, Westinghouse Air Brake. T h i s m a t t e r was referred to the President of the University.
| 
