| |
| |
Caption: Board of Trustees Minutes - 1938
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
786 BOARD OF TRUSTEES [April 27 last meeting (Minutes, page 657). The following represents additional recommendations as a result of the Committee's studies: 1. Overhauling of Auditorium organ $7 000 2. Replacement of Creamery Floor in Dairy Manufactures... 6 500 3. Remodeling of Illumination Laboratory ($2,000) and Lumber Shed for Physical Plant Department ($2,000) 4 000 4. Improvements in tenant house occupied by Animal Husbandry foreman (wiring and service connections for electrical service) 900 5. Remodeling offices in Agricultural Engineering Building. . 800 Total $19 200 O n motion of Mr. K a r r a k e r , the Comptroller was authorized to investigate and present a recommendation covering item 1; the Physical Plant Department was authorized to investigate and present a recommendation covering item 2 ; and items 3, 4, and 5 were approved and an appropriation of $5,700 was made as recommended, by the following vote: Aye, Mr. Mayer, Mr. K a r r a k e r ; no, n o n e ; absent, Dr. Meyer. A M O U N T OF TREASURER'S BOND At this point, M r . K a r r a k e r , for the Finance Committee, presented a recommendation that the T r e a s u r e r ' s bond be fixed at $750,000 and that an appropriation of $625 be made from the General Reserve F u n d to provide for the additional premium. On motion of Mr. K a r r a k e r , this recommendation was approved, and the appropriation w a s made, by the following vote: Aye, M r . Mayer, Mr. K a r r a k e r ; no, n o n e ; absent, Dr. Meyer. REPORT OF SALES A N D PURCHASES OF SECURITIES FOR E N D O W M E N T F U N D S A N D LOAN F U N D S M r . K a r r a k e r , for the Finance Committee, presented the following report from the Comptroller of sales and purchases of securities, representing investments of endowment funds and loan funds, as authorized by the Board, since the last r e p o r t : SALES Price Book value at which at time sold of sale $8 373 85 Price Par Description Endowment Funds: $8 000 Texas Power and Light Co., 5% bonds, due 1956 99K Amount realized from sale Net loss $7 960 00 $413 85 PURCHASES at which Par Description purchased Endowment Funds: $ 3 000 Gulf States Utilities, 4's, due 1966 103% 2 000 Gulf States Utilities, 4's, due 1966 103 11 000 Ohio Edison, 3%, due 1972 97H 3 000 Indianapolis Power and Light, 5's, due 1957 105% I 000 Bethlehem Steel Co., 6's, Quarterly, due 1998 137 1 000 Bethlehem Steel Co., 6's, Quarterly, due 1998 138 Loan Funds: $25 000 U. S. Treasury Notes, 2%, due 1942 I03s%2 25 000 U. S. Treasury Notes, %)A%, due 1941 107^2 Yield 3 80 3 83 3 83 4 58 4 38 4. 34 109 98 Book value $ 3 2 10 3 I I 101 060 725 157 370 380 25 00 00 50 00 00 25 976 57 26 914 06 This report was received for record.
| |
