Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 173]

EXTRACTED TEXT FROM PAGE:

162

BOARD OF TRUSTEES Yield {Per Cent)

[January

15

Date

Security

Amount

11/8

S 300 000 First National Bank of Chicago 9 per cent certificate of deposit due 1/8/75 11/13 15 000 U.S. Treasury bills due 3/20/75 11/19 85 000 U.S. Treasury bills due 3/20/75 11/22 22 000 Associates demand notes 11/22 3 000 International Harvester Credit demand notes 11/26 1 000 000 Continental Illinois National Bank 934 per cent time deposit due 3/25/75 11/27 1 000 000 First National Bank of Chicago 9.55 per cent certificate of deposit due 3/20/75. . . 11/27 40 000 U.S. Treasury bills due 2/27/75 11/27 40 000 U.S. Treasury bills due 8/26/75 11/27 5 000 U.S. Treasury bills 6J4 per cent notes due 2/15/76 11/27 5 000 U.S. Treasury bills 1V2 per cent notes due 8/15/76 11/27 5 000 U.S. Treasury bills 8 per cent notes due 2/15/77 This report was received for record.

9.00 $ 300 000 00 6.44 14 626 58 7.05 83 033 17 8.88 22 000 00 8.88 9.25 9.55 6.99 7 .35 6.65 6.61 6.24 3 000 00 1 000 000 00 1000 000 00 39 297 83 37 896 83 4 980 50 5 043 00 5 085 19

OAKLEY DAM-SPRINGER LAKE PROJECT (Presentation from the General Policy Committee) O n November 13, 1974, by action of the Board, the following resolution was referred to the General Policy Committee for its study and recommendation : That the Board of Trustees, having considered the Memorandum of Agreement and having reviewed the University of Illinois position concerning the Springer Lake Project, now resolves: That the University of Illinois no longer supports the project as now constituted and that this statement be transmitted to the appropriate authorities for their attention. Pursuant to this referral, the Committee on General Policy on December 18, 1974, conducted a hearing to provide an opportunity for interested parties to appear. Each of the signatories to the Revised Memorandum of Agreement of 1970 was invited to participate. T h e Committee met again on January 14, 1975, to review testimony and comment received and to consider analytical materials presented by the University administration. Mr. Swain, Chairman of the Committee on General Policy, presented and read the following report of the Committee and, upon conclusion of his presentation, moved adoption of the report and of the recommendation and resolution contained therein: The Revised Memorandum of Agreement signed by the Trustees in 1970 is now under consideration. The Corps of Engineers have never been a party to this Agreement which was in the nature of a statement of intent signed by the State of Illinois, the City of Decatur, Illinois, and the Board of Trustees of the University of Illinois, and Decatur Sanitary District. The facts are and the evidence shows that the State of Illinois has not implemented the Agreement or treated it as binding. The Sangamon Basin Water