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Caption: Board of Trustees Minutes - 1988
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226 BOARD OF TRUSTEES [March 12 quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board for record. O n motion of Mrs. Gravenhorst, the purchases authorized by the president were confirmed, and the purchases recommended were authorized by the following vote: Aye, Mrs. Calder, Mr. Forsyth, Mrs. Gravenhorst, Mr. H a h n , Mr. Howard, Mr. Logan, Mrs. Shepherd, Miss Smith, Mr. Wolff; no, none; absent, Governor Thompson. ( T h e student advisory vote was: Aye, Mr. Filip, Mr. Starkeson; no, none.) Comptroller's Monthly Report of Contracts Executed (20) The comptroller submitted the March 1987 report of contracts. The report included contractual agreements for payments to the University and contracts in amounts up to $50,000, to be paid by the University. A copy of this report is filed with the secretary. This report was received for record. Report of Investment Transactions through February 15,1987 (21) The comptroller presented the investment report as of February 15, 1987. Date Number Description Cost/Yield Amount Transactions under Finance and Audit Committee Guidelines Sales: 1/29 $ 250 000 Commonwealth Edison 8W percent bond due 3/1/05 $ 235 005 00 $ 1/29 250 000 Commonwealth Edison 9% percent bond due 5/15/04 245 625 00 2/6 3 500 shares American President common stock 77 095 07 2/6 400 shares Emerson Electric _ common stock 34 77115 2/6 900 shares International Business Machines common stock 85 276 49 2/6 2 600 shares ITT common stock 82 200 63 2/6 2 100 shares Kroger common stock 54 692 59 2/6 200 shares Merck common stock 7 313 31 2/6 8 300 shares Middle South Utilities common stock 82 628 04 2/6 1400 shares SmithKline Beckman common stock 108 531 50 2/6 3 600 shares Union Pacific common stock . . . 194 647 20 2/12 1 200 shares Jim Walter common stock 57 222 00 Purchases: 1/29 $ 514 000 General Motors Acceptance demand notes 5.98% $ 2/4 1 000 Merrill Lynch demand notes 5.89 2/6 618 000 Merrill Lynch demand notes 5.89 2/9 27 100 shares Coca-Cola common stock 33 2/12 $ 64 000 Pitney Bowes demand notes 6.01 Transactions under Comptroller's Authority Sales: 1/5 $ 1/6 1/8 657 Champaign National Bank liquid cash. $ 766 Federated Short/Intermediate Governments 7 333 Champaign National Bank liquid cash 656 7 7 $ 7 919 26 733310 656 77 8 000 00 7 333 10 253 375 00 260 625 00 106 063 95 39 920 66 115 358 15 152 887 90 66 263 28 27 185 09 130 139 62 144 272 18 241 389 94 63 363 88 514 000 00 1 000 00 618 000 00 405 009 50 64 000 00
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