Repository: UIHistories Project: Board of Trustees Minutes - 1954 [PAGE 1371]

EXTRACTED TEXT FROM PAGE:

1368

BOARD OF TRUSTEES

[June 21

dent receiving a degree at the exercises held in Urbana-Champaign on June 20, 1954. The Secretary was requested to convey to the parties an expression of the Board's appreciation of this suggestion.

MEETING O F T H E BOARD O F T R U S T E E S

At 12:00 o'clock noon the Committee of the Whole rose and the Board convened in open session. The same members of the Board, officers of the University, and officers of the Board as recorded at the beginning of these minutes were present.

INVESTMENTS R E P O R T M r . L i v i n g s t o n , for t h e F i n a n c e C o m m i t t e e , s u b m i t t e d the r e p o r t of c h a n g e s in i n v e s t m e n t s of t r u s t f u n d s : , Miller Estate n Purchases 300 shares International Paper Company Common Stock at 61J4 200 shares Johns-Manville Company Common Stock at 62J4 , Endowment Funds n Purchases 80 shares Inland Steel Common Stock at 45J4 5/40 share Dow Chemical Company Common Stock at 36?^ $10,000 Commonwealth Edison 3 per cent 1st Mtg. 1977 at 103 Sale l /2 share Cincinnati Gas and Electric Scrip at 23 Dentistry-Medicine-Pharmacy Building Sinking Fund Purchase $2,000 U.S. Treasury 2% per cent Bonds due 6/15/62 Dentistry-Medicine-Pharmacy Building Revenue Purchases (Comptroller's Report) $ 75,000 U.S. Treasury Bills maturing April 15, 1954 50,000 U.S. Treasury Bills maturing May 20, 1954 100,000 U.S. Treasury Bills maturing June 10, 1954 Dentistry-Medicine-Pharmacy Building Revenue Bonds Construction Purchases (Comptroller's Report) following

$ x 8 550 00 12 475 00 3 696 10 4 56 10 340 00 11 43 Reserve 2 000 18

Bond Fund of 1951 74 746 50 50 000 00 99 731 00 Fund 96 17 67 33 04 00 00 5° 5° 88 17 33 50 13 52 17 79 5° of

?75,ooo U.S. Treasury Bills maturing February 18, 1954 $74 905 75,000 U.S. Treasury Bills maturing February 25, 1954 74 888 75,000 U.S. Treasury Bills maturing March 4, 1954 74 936 75,000 U.S. Treasury Bills maturing March 11, 1954 74 938 75,000 U.S. Treasury Bills maturing March 18, 1954 74 946 75,000 U.S. Treasury Bills maturing March 25, 1954 74 943 75,000 U.S. Treasury Bills maturing March 25, 1954 74 965 75,000 U.S. Treasury Bills maturing April I, 1954 74 953 75,000 U.S. Treasury Bills maturing April 15, 1954 74 957 75,000 U.S. Treasury Bills maturing April 22, 1954 74 941 75,000 U.S. Treasury Bills maturing April 29, 1954 74 927 75,000 U.S. Treasury Bills maturing May 13, 1954 74 930 75,000 U.S. Treasury Bills maturing May 27, 1954 74 902 75,000 U.S. Treasury Bills maturing June 10, 1954 74 872 75,000 U.S. Treasury Bills maturing June 24, 1954 74 895 75,000 U.S. Treasury Bills maturing July 8, 1954 74 866 75,000 U.S. Treasury Bills maturing July 22, 1954 74 884 75,000 U.S. Treasury Bills maturing August 5, 1954 74 876 The purchases reported by t h e Comptroller are pursuant to previous Board Trustees authorization.

This report was received for record.