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Caption: Board of Trustees Minutes - 1986
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356 BOARD OF TRUSTEES [July 18 The total amounts of these purchases were: From Appropriated Funds Recommended From Institutional Funds Recommended Grand Total $ 703 939 15 6 386 453 99 $7 090 393 14 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 Mrs. Day, the purchases recommended were authorized by the following vote: Aye, Mrs. Day, Mr. Forsydi, Mrs. Gravenhorst, Mr. H a h n , Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Miss Smith; no, none; absent, Governor Thompson. ( T h e student advisory vote was: Aye, Mr. Becker, Mr. L a m m ; no, none.) Comptroller's Monthly Report of Contracts Executed (42) The comptroller submitted the July 1985 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 June 30,1985 (43) The comptroller presented the investment report as of June 30, 1985. Transactions under Finance and Audit Committee Guidelines Date Number Description Cost/Yield Amount Sales: 6/03 $ 4 000 Eli Lilly demand notes $ 4 000 00 $ 4 000 6/03 100 000 General Motors Acceptance demand notes 100 000 00 100 000 6/06 10 800 shares Pfizer common stock 392 574 00 525 726 6/13 1 600 shares First Data Resources common stock 27 186 74 46 400 6/13 2 200 shares Reichhold Chems common stock 60 126 00 91 945 6/13 $ 7 000 Eli Lilly demand notes 7 000 00 7 000 6/13 38 000 General Motors Acceptance demand notes 38 000 00 38 000 Purchases: 6/03 5 000 shares Southern Company common stock 9.28% $ 103 375 6/05 $ 1 000 Eli Lilly demand notes 7.69 1000 6/06 526 000 Ford Motor Credit demand notes 7.25 526 000 6/13 1 600 shares Hitachi common stock 1.16 45 328 6/13 1 600 shares Norwest common stock 6.90 41 728 6/13 2 000 shares Montana Power Co. common stock... 7.79 51 360 6/13 1 300 shares Ericsson L.M., Telephone ADR 2.49 44 362 Transactions under Comptroller's Authority Sales: 6/03 $ 100 000 General Motors Acceptance demand notes $ 100 000 00 $ 100 000 00 00 00 45 00 92 00 00 00 00 00 00 00 00 50
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