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Caption: Board of Trustees Minutes - 1956
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162 BOARD OF TRUSTEES [November 29 R E P O R T O F T H E EXECUTIVE COMMITTEE The Secretary presented the following report of actions taken by the Executive Committee: Acoustical Improvements in Illini Union Building T h e Executive Committee reports that on recommendation of the President of the University an assignment of $5,000 has been made from the General Reserve Fund for much needed improvements in the acoustics in the ballroom of the Illini Union Building. The Comptroller and the Secretary of the Board have been authorized to execute a contract for $2,853 with the James L. Lyon Company, Peoria, the lowest bidder, for the application of acoustical material to the ceiling and west wall of this room. All other necessary work will be performed by Physical Plant personnel. The assignment of funds and the authorization of the contract were made by the following vote: Aye, Mr. Livingston, Mr. Megran, Mrs. Watkins; no, none. C o n t r a c t with Alfred B e n e s c h a n d Associates The Executive Committee has also authorized the execution of a contract with Alfred Benesch and Associates, Consulting Engineers, 30 East Adams Street, Chicago 3, Illinois, for engineering services (preparation of construction drawings, necessary design computations and inspection of fabrications of structural steel) in the construction of test buildings to be used in research. This is a subcontract under a Prime Contract No. A F 33 (616)-170 T E A P O T between the University of Illinois and the United States Air Force for research on the blast resistance of buildings. The laboratory work is being done at the University, and the field testing will be done on proving grounds elsewhere. Since some of the work can be done more effectively by a subcontractor, Alfred Benesch and Associates have been engaged for a part of the work. R E P O R T O F F I N A N C E COMMITTEE ON INVESTMENTS Mr. Livingston, for the Finance Committee, reported the following changes in investments: ,-. , Endowment Funds — General $ 9 489 97 150 shares Chrysler Corporation common $25 par stock r , Endowment Funds — Miller Estate Exchange $113,000 U. S. 2$/% per cent Treasury Certificates of Indebtedness due August 15, 1954, for $113,000 U. S. 1% per cent Treasury Certificates of Indebtedness due August 15, 1955 r. , Student Loan Funds $ 19 083 1} $19,000 U. S. Treasury 2 per cent Bonds due December 15, 1954 D , Current Funds Purchase $1,000,000 U. S. 1 per cent Certificates of Indebtedness Series C due M a r c h 22, 1955 $1 000 000 00 R e p o r t of C o m p t r o l l e r Dentistry-Medicine-Pharmacy Building Revenue Bond Fund-Construction Purchase $50,000 U. S. Treasury Bills due December 30, 1954 $49 904 44 60,000 U. S. Treasury Bills due January 13, 1955 59 874 9-' 75,000 U. S. Treasury Bills due December 2, 1954 74 832 27 75,000 U. S. Treasury Bills due December 16, 1954 74 843 33 Dentistry-Medicine-Pharmacy Building Revenue Bond Fund of 1951 Purchase $50,000 U. S. Treasury Bills due January 27, 1955 $49 8/3 This report was received for record.
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