Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 605]

EXTRACTED TEXT FROM PAGE:

594

Date 3/19 3/21 3/21 3/24 3/26

BOARD OF TRUSTEES

[April 17

Cost/Yield Amount $ 977 041 67 488 159 72 966 108 33 1 475 00

Number Description $1 000 000 U.S. Treasury bills due 5/15/80 500 000 U.S. Treasury bills due 5/15/80 1 000 000 U.S. Treasury bills due 6/12/80 100 shares Finnigan common stock

$947 927 33 473 963 67 949 757 34 1 800 00

1 000 000 U.S. Treasury bills due 6/12/80 949 757 34 966 525 00 Purchases: 2/4 $ 17 000 Abbott Laboratories demand n o t e . . . 12.20% $ 17 000 00 3/4 1 000 000 Manufacturers Hanover 13.55 percent certificate of deposit dated 12/19/79 due 6/20/80 16.60 989 927 07 3/4 16 000 Texas Commerce Bancshares demand notes 14.86 16 000 00 3/7 1 500 000 First National Bank of Chicago 17 percent certificate of deposit due 6/20/80 17.00 1 500 000 00 3/11 500 000 Continental Bank 16% percent time deposit due 6 / 9 / 8 0 16.88 500 000 00 3/14 300 000 Bank of Lyons 17.30 percent certificate of deposit due 6/12/80 17.30 300 000 00 3/14 1 000 000 Harris Trust & Savings Bank 17V4 percent certificate of deposit due 6/12/80 17.25 1 000 000 00 3/17 2 000 000 First National Bank of Chicago 18 percent certificate of deposit due 6/30/80 18.00 2 000 000 00 3/20 1 000 000 Continental Bank 17 V percent time * deposit due 12/12/80 17.25 1 000 000 00 3/24 20 000 U.S. Treasury bills due 6/26/80 15.48 19 222 83 3/25 650 000 U.S. Treasury bills due 9/18/80 16.72 600 624 38 3/31 1 500 000 U.S. Treasury bills due 7/17/80 15.21 1 434 525 00 net 62 889 First National Bank 5'A percent open end time deposit 5.25 62 888 99 O n m o t i o n of M r . N e a l , this r e p o r t a n d t h e a c t i o n s of t h e F i n a n c e C o m m i t t e e m e e t i n g o n A p r i l 16, 1980, w e r e a p p r o v e d . ( M i n u t e s of t h e F i n a n c e C o m m i t t e e a r e o n file w i t h t h e s e c r e t a r y . )

Appointment of an Advisory Board for the Division of Services for Crippled Children, Medical Center

(20) In 1957 the General Assembly provided that the University of Illinois be "designated as the agency to receive, administer, and to hold in its own treasury federal funds and aid in relation to the administration of its Division of Services for Crippled Children." At the same time, the General Assembly created an Advisory Board for Services to Crippled Children, composed of seven physicians or surgeons "to advise the University of Illinois relative to qualifying for federal funds and aid in relation to the administration of the Division of Services for Crippled Children, to make recommendations to the University regarding the operation of services to crippled children, and to consult regarding general policy considerations dealing with services to crippled children." It has been the practice of the Board of Trustees to appoint more than seven members to the advisory board, not all of them physicians.