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Caption: Board of Trustees Minutes - 1956
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1955] UNIVERSITY OF ILLINOIS 799 Representatives of the Department of Public Welfare Dr. WILLIAM W . FOX, Superintendent, Lincoln State School, Lincoln (two years) Mr. HARRY MCCLINTOCK, Assistant Director, Springfield (three years) The plan for the organization of the Institute provides for an Advisory Committee consisting of three representatives from the University, two from the Department of Public Welfare, and two from the Department of Public Instruction, each for a term of three years. T o provide for rotation of members, the Advisory Committee has recommended that upon the completion of the three-year terms of Committee members appointed in 1952, new appointments be made as follows: (a) from the University, one for one year, one for two years, and one for three years; (b) from the Department of Public Instruction, one for one year and one for two years; (c) from the Department of Public Welfare, one for two years and one for three years. The Dean of the College of Education and the Provost concur. I recommend approval. On motion of Mr. Swain, these appointments were approved. ESTATE OF DAN S. CREGO, DECEASED (27) There has been received the sum of $5,000 from the Executor of the Estate of Dan S. Crego of DeKalb, Illinois. This was received in accordance with the terms of the will of Mr. Crego, which reads in part as follows: "In the event that my wife, Ethel K. Crego, shall predecease me, I direct my said trustees to pay in addition to the amounts above set forth to the legatees above specified the following amounts set opposite the names of the following legatees: T o the University of Illinois, to be used only for medical research, the sum of $S,ooo." The total amount which the University may receive from this estate may possibly exceed this sum, since the total of the estate exceeds the legacies provided for and, accordingly, there may be a further distribution. This report was received for record. INVESTMENTS Mr. Livingston, for the Finance Committee, reported the following changes in investments: Endowment Funds — General Purchase $7,000 U. S. Treasury 2J/2 per cent Bonds due August 15, 1963 $6 866 56 Endowment Funds — Miller Estate Purchase Sixty shares Kansas City Power and Light Company Common stock, by exercising 600 rights to subscribe to additional shares 2 220 00 Sale $2,000 U. S. Certificates of Indebtedness 1% per cent Series D due August 15, 1955 2 000 00 Exchange $53,ooo U. S. 1% per cent Certificates of Indebtedness due August 15, 1955, for $53,000 2 per cent U. S. Treasury Notes due August 15, 1956. 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 Purchases $40,000 U. S. Treasury Bills due July 17, 1955 $25,000 U. S. Treasury Bills due July 28, 1955 $25,000 U. S. Treasury Bills due August 11, 1955 $50,000 U. S. Treasury Bills due August 25, 1955 Construction $39 24 24 49 876 936 919 841 00 89 72 81 On motion of Mr. Livingston, these changes were approved.
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