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Caption: Board of Trustees Minutes - 1940
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1940] UNIVERSITY OF ILLINOIS 78l Comptroller's Report of Gifts 1. University of Illinois Foundation for Illini Union Building furnishings, preliminary payment, $10,200. 2. Aeration Processes, Incorporated, Columbus, Ohio, $500 for a Research Assistantship in the Department of Dairy Husbandry for the academic year 1939-1940 to assist Professor M. J. Prucha in his research work. 3. Chicago Illinae Club, $29.87, addition to the student loan fund established by that organization. 4. Illinois Congress of Parents and Teachers, $20, addition to the Cora C. Bright Memorial Loan Fund established by that organization. 5. The Sherwin-Williams Company, $175 additional for a fellowship in Chemistry. 6. Nutrition Research Laboratories, Inc., $300 additional for Vitamin D Research by the College of Medicine. On motion of M r . Wieland, these gifts were accepted with thanks. APPROPRIATION FOR REMODELING OF QUARTERS FOR COLLEGE OF PHARMACY (16) The Director of the Physical Plant Department requests an assignment of $4,100 from the General Reserve Fund for remodeling and furnishing three rooms in the Second Unit of the Medical and Dental Building for the offices of the Dean of the College of Pharmacy. This will include a private office, an outside office and reception room, a central stenographic office, and a conference room which will be used jointly by the Colleges of Pharmacy and Dentistry. Mr. H a v e n s commented on this recommendation. On motion of Mr. Cleary, this appropriation was made as recommended, by the following vote: Aye, M r . Cleary, M r . Jensen, Mr. Mayer, D r . Meyer, M r . Moschel, Mr. W i e l a n d ; no, n o n e ; absent, M r . Adams, M r . H o r n e r , Mr. K a r r a k e r , M r s . Plumb, Mr. Pogue. PRESBYTERIAN HOSPITAL On motion of D r . Meyer, the President of the University was requested to ask the Executive Dean of the Chicago Colleges to get in touch with the Chairman of the Board of the Presbyterian Hospital to explore the possibilities of a union of the Hospital and Rush Medical College with the University of Illinois College of Medicine, and to report to the Board. INVESTMENT OF FUNDS Mr. Moschel, for the Finance Committee, recommended the purchase of the following common stocks as investments of funds on hand which are not subject to statutory restrictions: No. of shares Approx. to be purApprox. total Approx. chased market amount yield 50 Abbott Laboratories 67% $3 3°o 3-1% 100 Commonwealth Edison 32 3 200 5.2 50 J. C. Penney 91^ 4600 5.5 75 General Motors Corp 53% 4 000 6.4 $15 100 O n motion of M r . Moschel, these investments were authorized as recommended. AUTOMOBILE INSURANCE Mr. Moschel, also for the Finance Committee, presented a recommendation that automobile fleet insurance be placed with the Continental Casualty Company, at their bid of $1,255.09; this a w a r d to be
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