Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 348]

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338

BOARD OF TRUSTEES

[July 9

under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. The total amounts of these purchases were: From Appropriated Funds Recommended $ 650 688 20 From Institutional Funds Recommended 9 419 687 09 Grand Total $10 070 375 29 A complete list of the purchases, with supporting information (including the 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 Mr. Forsyth, the purchases recommended were authorized by the following vote: Aye, Mrs. Calder, M r . Forsyth, Mrs. Gravenhorst, Mr. H a h n , M r . Howard, Mr. Logan, Mrs. Shepherd, Miss Smith, Mr. Wolff; no, none; absent, Governor Thompson. ( T h e student advisory vote was: Aye, Mr. Evenson, Mr. Wylie; no, none.) Comptroller's Monthly Report of Contracts Executed (32) The comptroller submitted the July 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. Comptroller's Report of Investment Transactions through June 15,1987 (33) The comptroller presented the above report which includes transactions under Finance and Audit Committee guidelines and transactions under the comptroller's authority. A copy of this report is filed with the secretary of the board. O n motion of Mr. Forsyth, this report was approved as presented. Authorizations with Respect to Sale of Willard Airport Project Revenue Bonds, Series 1987 (34) The president of the University, with the concurrence of the appropriate administrative officers, recommends as follows: 1. Approval of the Official Statement for the Board of Trustees of the University of Illinois Willard Airport Project Revenue Bonds, Series 1987.' 2. Authorization for the comptroller to approve the Official Notice of Bond Sale and Official Bid Form with respect to the Series 1987 Bonds, such documents to be in conformity with the intent and purpose of these resolutions.1

1 A copy is filed with the secretary of the board for record and the appropriate officers of the board are hereby authorized and directed to execute the same in the name and on behalf of the board in substantially the form presented to this meeting, or with such changes as may be approved by the officer or officers of the board executing the same, his or their execution thereof to constitute conclusive evidence of the board's approval of all changes from the form thereof presented to this meeting; provided, however, that if any such changes constitute a substantial change in the form thereof presented to this meeting they shall first be approved by the Executive Committee of the board, to which authority for such approval is delegated by the board.