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Caption: Board of Trustees Minutes - 1962
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348 BOARD OF THUSTEES [February IS University's Research and Educational Hospitals and the settlement which has been reached between the partnership known as Crouch-Walker Company and Patrick Warren Construction Company, subject to the University doing what that settlement contemplates be done by it in connection with that settlement, of one of those claims. A copy of this report is being filed with the Secretary af the Board for record. For the reasons set forth in the joint report, the Director of the Physical Plant, the Legal Counsel, and the Vice-President and Comptroller recommend that authority be granted for increasing the amount of the University's contract with Warren by $5,052.34 on account of the extras included in Crouch-Walker's claim for the balance due it under its contract with Warren, and for the payment by the University to Crouch-Walker of the sum of $41,209.39 in return for a credit allowed the University by Warren in that amount upon the contract between the University and Warren, subject, however, to release by the Governor of sufficient fuods from the appropriation to enable the University to so pay that sum to Crouch-Walker, and all in accordance with the terms and conditions set forth in the attached report, I concur. O n motion of Mr. Johnston, this change in the contract was authorized by the following vote: Aye, Mr. Clement, M r . Harewood, Mr. H u g h e s , Mr. Johnston, M r . Pogue, Mr. Swain, M r s . W a t k i n s , Mr. Wilkins, Mr. Williamson; no, none; absent, Mr. Herrick, M r . Kerner. INVESTMENT REPORT (19) Mr. Swain, for the Finance Committee, reported the following changes in investments of trust funds from October 1 through December 31, 1960: U R B AN A-C HAM FA1GN Endowment Funds Sale 340 shares Allis Chalmers common stock 8 120 5! 18 shares 2 444 P. American Smelting and Refining preferred stock 2 680 90 22 shares American Tobacco preferred stock 300 shares Kimberly Clark common stock 23 766 Ql 100 shares Minneapolis-Honeywell common stock 13 387 92 600 shares Southern Natural Gas common stock 22 861 6< U. S. Steei preferred stock 2 091 01 IS shares Standard Oil of New Jersey common stock 164 92 4 shares 4 138 40 Investors Mutual stock 400 shares National Aviation Corporation common stock 3 724 it 125 shares U. S. Treasury bonds 1V%% 2/15/65 1,000 Purchase 660 shares 30 913 « Bank of America common stock 600 shares 25 239 tO Monsanto Chemical Company common stock 400 shares 24 714 53 Bendix Aviation common stock Current Funds Exchange $ 500 000 U. S. Treasury bonds 11/15/60 for 500 000 U. S. Treasury bonds 3k% 2/15/62 Purchase f SI 000 000 U, S, Treasury bills 12/8/60 I 998 590 28 999 575 00 t 000 000 U. S. Treasury bills 12/29/60 1 197 608 33 U. S. Treasury bills 1 200 000 1/26/61 U. S. Treasury certificates 2 100 000 8/1/61 2 100 000 00 3H% CHICAGO CuTTt-ni Fundi Purchase £ 250 000 U. S. Treasury bills 150 000 U. S. Treasury bills 6/1/61 3/9/61 t 246 656 53 149 070 42
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