Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 171]

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BOARD OF TRUSTEES

MINUTES APPROVED

[December 18

The Secretary presented the minutes of the meeting of the Board of Trustees of September 18, 1956, press proof copies of which had been sent to all members of the Board in advance. On motion of Mr. Johnston, the minutes were approved as printed on pages 41 to 104, inclusive.

REPORT O F FINANCE COMMITTEE O N INVESTMENTS

Mr. Livingston, for the Finance Committee, reported the following changes in investments of trust funds:

$ 10,000 U. S. 2^5 per cent Certificates of Indebtedness due December 1, 1956, for $10,000 U. S. 3}4 per cent Certificates of Indebtedness due October 1, 1057 p , Endowment Funds — General 42/100 share of Dow Chemical Company common stock $ 29 93 $ 25,000 Columbia Gas System, Inc. 4J4 per cent debentures due 1981 25 437 50 30,000 Southern Bell Telephone 4 per cent debentures due 1983 30 498 00 10,000 U. S. 2% per cent Treasury Notes Series A due 1957 9 093 75 5,000 General Motors Acceptance Corporation debentures 3^6 per cent due 1975 4 812 50 19/20 share Cincinnati Gas and Electric stock 26 66 Transfer $ 10,000 U. S. 2^4 per cent Savings Bonds Series G due June 1, i960, transferred from student loan investments to Endowment investments P , Endowment Funds — Miller Estate $ 50,000 U. S. Treasury 2 per cent Notes due August 15, 1956, for $50,000 U. S. Treasury 254 per cent Notes due August 1, 1957 Report of Comptroller Dentistry-Medicine-Pharmacy Building Revenue Bond Fund-Construction (Authorized by Board of Trustees resolution dated March 18, 1951, minutes page 632.) Purchase $ 10,000 25,000 10,000 30,000 10,000 15,000 60,000 10,000 15,000 30,000 U. U. U. U. U. U. U. U. U. U. S. S. S. S. S. S. S. S. S. S. Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Treasury Bills due September 20, 1956 Bills due October 18, 1956 Bills due October 4, 1956 Bills due November i, 1956 Bills due November 15, 1956 Bills due November 19, 1956 Bills due December 13, 1956 Bills due December 27, 1956 Bills due January 10, 1957 Bills due January 24, 1957 $ 9 $ 24 9 29 9 14 59 9 14 29 948 878 061 842 958 920 608 060 913 821 22 67 78 30 00 38 00 39 23 40

Dormitory Revenue Bond Fund of 1956-Construction (Authorized by Board of Trustees resolutions dated March 23, 1956, minutes page 085, and September 18, 1956, minutes page 52.) Purchase $ 68,000 80,000 378,000 80,000 U. U. U. U. S. S. S. S. Treasury Treasury Treasury Treasury Bills Bills Bills Bills due due due due January 31, 1957 December 27, 1956 February 14, 1957 January 1, 1957 $ 67 79 375 79 589 785 155 737 85 33 44 22