Caption: Board of Trustees Minutes - 1972
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502 BOARD OF TRUSTEES INVESTMENT REPORT For the Month of N o v e m b e r 1971 [January 19 Report of the Finance Committee (24) The Finance Committee reported the following changes in investments of endowment funds: Merritt Student Loan Exchange: $15 000 U.S. Treasury 4 per cent bonds due 8/15/72 for 15 000 U.S. Treasury 6 per cent notes due 11/15/78 Rust Estate Sale: 50/100 share Dow Chemical common stock $ 35 03 Report of the Comptroller The Comptroller reported the following changes in investments of current and unexpended plant funds, which he has been authorized to make: T> . • i J /J. Restricted Group T^iirf^hfl ^ ^ s " Current Funds i PIT vPfhii % 500 000 Genesco note due 7/31/72 1 000 000 First National Bank of Chicago 5% per cent C / D due 10/16/72 Krannert Contributions Purchase: 518 000 Commercial Credit demand notes Sinking Funds Housing Revenue Bonds Purchases: $85 000 U.S. Treasury bills due 3/31/72 10 000 U.S. Treasury 6H per cent notes due 2/15/73 Agency Funds Star Course Purchase: $15 000 U.S. Treasury 2}^ per cent bonds due 1 2 / 1 5 / 7 2 . . . 5.19 5.20 $ 482 013 89 1 0 0 2 557 66 4.88 18 000 00 3.98 4.83 83 730 56 10 233 75 4.17 14 759 25 This report was received for record. CONVEYANCE O F TITLE TO PART OF WRIGHT TRUST FARM NO. 4 (25) T h e Illinois State Toll Highway Authority has filed a condemnation petition in the Circuit Court of DeKalb County, Illinois, to take 18.78 acres from Wright Farm No. 4 to construct a toll road. The Authority has offered to compensate the University in the amount of $41,470, plus actual damages to growing crops. From the proceeds of the sale, approximately $10,000 will be used for the construction of storage buildings, necessitated by dividing the farm into less accessible units. The remainder will be used to reduce the funds borrowed to acquire the Risetter Farm, which the Board of Trustees on March 18, 1970, requested the University of Illinois Foundation to purchase to replace the Wright F a r m land used for agricultural research and for the highway. The President of the University, with the concurrence of appropriate administrative officers, recommends acceptance of the offer and that the following resolution be adopted: Resolution Authorizing Contract of Sale a n d Stipulation Re. Part of W r i g h t Farm N o . 4 WHEREAS, The Illinois State Toll Highway Authority, hereinafter referred to as "Authority," is engaged in the acquisition of property for the East-West Extension of the Northern Illinois Toll Highway; and
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