Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 265]

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262

BOARD OF TRUSTEES

[December 21

APPROPRIATION BY T H E ATHLETIC ASSOCIATION (20) T h e Board of Directors of the Athletic Association has approved an appropriation of $25,000, or as much thereof as needed, for student grants-in-aid. This amount will be paid to the University of Illinois Foundation at the time the need arises. Confirmation of this appropriation is requested.

On motion of Mr. Herrick, this action was confirmed.

INVESTMENT REPORT (21) Mr. Swain, for the Finance Committee, reported the following changes in investments of trust funds from July 1 through September 30, 1960:

U B B AHA-CHAMPAI as

Endowment Funds Sale % 30 000 Illinois Service Recognition bonds 19 000 U, S, bonds 2Ji% Purchase $ 25 000 U. S. bonds 2%% Southern California Edison 2H% 30 000 bonds 12 000 U. S. bonds Northern Natural Gas common 1,914 shares Current Funds Exchange J2 100 000 U, S. notes 2 100 000 U. S. certificates Purchase ? 25 000 U. S, bonds 2%%

5/1/72 6/15/62

25 509 00 18 614 06

9/15/61 2/15/76 8/15/66

f

24- 968 7J 25 500 00 10 890 00 55 189 69

8/15/60 for 8/1/61 9/15/61 f 24 968 75

Report of the C o m p t r o l l e r The Comptroller reported the following changes in unexpended plant fund invest ments, over which he has authority as shown:

UBBANA-CHAMPAICH

Construction Fundi Housing Revenue Bonds of 1960 Series A (Orchard Downs), authorized by Board of Trustees resolution dated June 14, 1960. Purchase f 156 000 U . S . bonds 2H% 11/15/60 $ 1 5 5 926 88 22 000 U, S, bills 7/15/61 21 466 V. Housing Revenue Bonds of 1959 Series C and D (Peabody Drive), authorized by Board of Trustees resolution dated October 21, 1959. Purchase J 385 000 U. S. bills 9/22/60 $ 384 329 45 33 000 U. S. bills 10/17/60 32 922 O d Assembly Hall Revenue Bonds, authorized by Board of Trustees resolution dated J u n e 23, 1959. Purchase $ 397 700 00 f 400 000 U. S. bills 10/13/60 197 917 50 200 000 U. S. bills 12/15/60 226 778 98 230 000 U. S. bills 1/15/61 2 827 000 U, S, certificates 4Jtf% 5/15/61 2 856 153 44 629 000 U. S. bills 3/22/61 61S 668 6& 99 697 it 101 000 U. S. bills 2/16/61 313 000 U. S. bills 4/15/61 307 405 13 Housing Revenue Bonds of 1959 Series A (Graduate Housing), authorized by Board of Trustees resolution dated June 23, 1959, Purchase I 66 000 U. S, bills 9/8/60 I 65 818 13 9 978 61 10 000 U. S. bills 9/8/60 20 973 4f 21 000 U. S. bills 9/15/60