Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 1047]

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1044

BOARD OF TRUSTEES

[October 21

Housing Revenue Bonds of ip5S Sinking Fund (authorized by Board of Trustees resolutions dated December 17, 1958, and March 12, 1959) Purchase $ 59000 U. S. Treasury bills 9/i7/59 $ 5884168 Housing Revenue Bonds of 1959 Sinking Fund (authorized by Board of Trustees resolution dated June 23, 1959) Purchase $ 25000 U. S. Treasury bills 9/21/59 $ 2493622 25 000 U. S. Treasury bills 3/22/60 24 393 3, 23 000 U. S. Treasury notes 4^ 8/15/60 23 129 38

CHICAGO

Dentistry-Medicine-Pharmacy Building Revenue Bonds — Auxiliary (authorized by Board of Trustees resolution dated December 16, 1953, minutes page 1191) Purchase $ 275000 U. S. Treasury bills 5/7/59 ¥27311400 30 000 U. S. Treasury bills 11/5/59 29 769 30 Revenue Bond Fund of 1951 Reserve Account (authorized by Board of Trustees resolution dated March 13, 1951) Purchase $ 2 500 U. S. Treasury bonds 2j4 8/15/63 ? 249688 2 500 U. S. Treasury bonds 2j4 8/15/63 2 356 25 2 500 U. S. Treasury bonds 2}4 8/15/63 2 325 00 T h i s report was received for record. EXECUTIVE COMMITTEE MEETING

The Secretary submitted the following report of the Executive Committee held in Chicago on Tuesday, September 29, 1959, this being the minutes of said meeting:

M e e t i n g of t h e E x e c u t i v e C o m m i t t e e o n S e p t e m b e r 29, 1959 On call of the Chairman, the Executive Committee of the Board of Trustees of the University of Illinois met in Room 800, Illinois Central Railroad Terminal Station, 135 East Eleventh Place, Chicago, Illinois, on Tuesday, September 29, 1959, beginning at 2:00 p.m. The following members of the Committee were present: Mr. Kenney E. Williamson, Chairman, Mr. Wayne A. Johnston, and Mrs. Frances B. Watkins. Also present were Mr. Herbert O. Farber, Vice-President and Comptroller, Mr. Vernon L. Kretschmer, Director of Housing, Mr. Morris S. Kessler, Assistant Comptroller, Mr. C. W. Weldon, Treasurer, and Mr. A. J. Janata, Secretary of the Board. The Committee considered the following matters of business presented by the Vice-President and Comptroller and the Secretary of the Board on behalf of the President of the University. A p p r o p r i a t i o n for Studies for Illinois C o m m i s s i o n of H i g h e r Education The Illinois Commission of Higher Education has requested the University to make a number of studies relating to developing data and other information which the Commission desires for its own study of plans for a unified administration of the state-supported institutions of higher education. These studies by the University will involve expenditures for which no provision has been made in the budget and an assignment of $2,500 is requested to supplement the incidental and emergency budget of the President's Office. On motion of Mr. Johnston, this assignment was made by the following vote: Aye, Mr. Johnston, Mrs. Watkins, Mr. Williamson; no, none; absent, none. R e l o c a t i o n of Facilities for E l e m e n t a r y E d u c a t i o n Construction of the Peabody Drive Residence Halls necessitates relocation of the College of Education's elementary education activities now housed in temporary buildings on the Parade Grounds. ., The Director of the Physical Plant and the Vice-President and Comptroller