Caption: Board of Trustees Minutes - 1960
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1042 With Whom Harry F. Fisher (Plastering) BOAED OF TRUSTEES Adjustments Made in 1959-60 Cost-Pius Contract Purpose Twenty-one items: £32.00 deduct to S950.00 Amount 3 3 097 00 [October 21 Date August and September, 1959 This report was received for record. APPROPRIATION FOR EQUIPMENT FOR GRADUATE COLLEGE (21) The Board of Trustees has authorized the purchase of an IBM card to paper tape converter for the Graduate College at a cost of $5,800. The VicePresident and Provost and the Vice-President and Comptroller recommend an assignment of $2,000 from the General Reserve for one-half the cost; the other half will be charged against the Graduate College budget. This machine will replace the present IBM type 063 card controlled type punch used by the Data Processing Committee in the Graduate College which has been decreasing in its accuracy and is impossible to repair. The new equipment will attach to a standard card punch machine and will be accurate and twice as fast as the old machine. I concur. O n motion of M r . Swain, this appropriation was made by the following vote: Aye, M r . Clement, M r . Harewood, M r . Herrick, Mr. Johnston, M r . Swain, M r s . Watkins, M r . Wilkins, Mr. Williamson; no, none; absent, M r . H u g h e s , M r . Pogue, M r . Stratton. INVESTMENTS (22) The Finance Committee reported the following changes in investments o£ trust funds: URBANA-CHAMPAIGN Endowment Funds — General Purchase 32 0 0 0 U. S. Treasury bonds U. S. Treasury bonds 4 000 Southern California Edison 12 OOO G. A. Miller Endowment Funds Sale $ I OOO U. S. Treasury bonds Current Funds Exchange $2 100 0 0 0 U. S. Treasury certificates U. S. Treasury notes 2 IOO OOO Purchase $ 31 000 U. S. Treasury certificates CHICAGO City of Chicago Escrow Exchange $ 31 000 U. S. Treasury certificates 31 000 U. S. Treasury notes $ 3 4 3 8/15/66 10/1/69 9/1/65 $ 29 080 00 3 93° 00 11 070 00 3H 6/15/83 $ 905 00 4)4 iH 8/1/59 for 8/15/60 8/1/59 $ 31 019 38 iH 4^ 8/1/59 for 8/15/60 Report of the Comptroller The Comptroller reported the following changes in unexpended plant fund investments, over which he has authority as shown: URBANA-CHAMPAIGN Men's Residence Hall Revenue Bond Fund of IQ$6 (authorized by Board of Trustees resolutions dated March 23, 1956, minutes page 982, and September 18, 195°' minutes page 49) Purchase . $ lI2 $ 113 000 U. S. Treasury bills 9/3/59 $°1 „ , ! 8lB 9 18000 U. S. Treasury bills 12/10/59 7
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