| |
| |
Caption: Board of Trustees Minutes - 1952
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
I951! UNIVERSITY OF ILLINOIS Purchases 1291 T h e Director of Purchases has proposed and the Comptroller recommends the following purchases on the basis of the lowest bids. I concur. Hem Sevenfour-ddor sedans, seven twodoor sedans, one business coupe; to replace fifteen vehicles which have been used at least three years or have been driven at least 45,000 miles, in accordance with the standard policy of replacement Department College of Agriculture Vendor Tom Purvis, Inc., Mattoon (Ford) (five four-door se- ' dans, three two-door sedans, one business coupe) Whowell Motor Co., Paxton (Ford) (one four-door sedan, four two-door sedans) Dana Hudelson, Inc., Champaign (Ford) (one fourdoor sedan) Total Cost S3 656 00 1 6«» 85 417 00 $s 716 75 On motion of Mr. Megran, this recommendation was approved. After the meeting adjourned, Mrs. Frances B. Watkins, the other member of the Executive Committee, was advised of the actions taken and she concurred in them. LLOYD MOREY P A R K LIVINGSTON Clerk Chairman REPORT OF THE FINANCE COMMITTEE T h e F i n a n c e C o m m i t t e e reports the following transactions involving securities: Purchases: Permanent Endowment Group Investments $20,000 Commercial Credit Company, 3*4 per cent bonds due June 15, 1061 @ I02J4 $20 500 00 $10,000 Georgia Power Company, first mortgage bonds 3J4 per cent due June I, 1981 @ iooj4 10 050 00 65 shares Industrial Rayon Corporation, common stock @ 6 9 3 4 . . . 4 537 42 $6,000 American Telephone and Telegraph Company, 3J6 per cent 25-year debentures due December 1, 1973 @ 10334 6 225 00 Sales: 200 shares Northern Indiana Public Service Company, common stock @ 23 4 588 00 Purchases: Permanent Endowment Special Investments $8,000 Georgia Power Company, y/z per cent first mortgage bonds due June I, 1981 @ 1 0 3 ^ Purchases: Temporary Endowment Group Investments $20,000 Illinois Central Railroad Company, \Y$ per cent bonds due August 1, 1966 @ 101 $2,000 P . Lorillard Company, 3 per cent debentures due October 1, 1063 @ 101% $2,000 Commercial Credit Company, 3 ^ per cent bonds due June 15, 1061 @ 1 0 2 ^ $5,000 U.S.A. 2 j i per cent Treasury bond due December 15, 1062/59 @ 98-8/32 $1,000 U.S.A. 1% per cent Series B certificates of indebtedness due July 1, 1952 <g 100-4/32 $1,000 U.S.A. iy2 per cent Treasury note due April 1, 1956 @ 98-20/32 $500 U.S.A. 2%, per cent Treasury bond due December 15. 1962/59 @ 98-8/32 8 310 00 20 200 00 2 037 50 2 0 4 2 50 4 912 50 1 001 25 986 25 491 25 Exchanges: Student Loan Investments $30,000 U.S.A. 1% per cent Series C Treasury notes due July 1, 1951, for $30,000 U.S.A. 1% per cent certificates of indebtedness Series A due April 1, 1952, $10,000 U.S.A. 1% per cent Series D Treasury note due July 1, 1951, for $10,000 U.S.A. 1% per cent certificates of indebtedness Series A due April 1. 1952-
| |
