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CORNELL UNIVERSITY
Proceedings of the Board of Trustees
COMMITTEE ON FINANCE
July 14, 1932.
With the approval of Chairman Williams, Trustees Farrand,
White, Hiscock and R. H. Treman, it was voted to sell $25,000
Batavian Petroleum 4^'s of 1942 and to reinvest the proceeds in
Albany & Susquehanna first 3^'s of 1946, at approximiately 82^
and 70 respectively.
COMMITTEE ON FINANCE
Geo. F. Rogalsky,
Secretary, pro tern.
September 17, 1932.
Present Trustees R. B. Williams, Chairman, F. H. Hiscock, J.
F. Schoellkopf, Jr., Stanton Griffis, Livingston Farrand, R. H.
Treman, J. DuPratt White, Provost Mann and Comptroller Bost-
wick. Regrets were received from Trustees Upson and Ickelheimer
and their absence excused.
Comptroller Bostwick presented a written report on all mort
gages held by the University that were in default and also on the
status of foreclosure proceedings and other adjustments that were
being considered in clearing up such defaults. Also,
a list of all
stocks held by the University that have either suspended or reduced
their dividend payments.
The following
action was taken :
1. The Comptroller or Treasurer, or either of them, was author
ized to extend the South Second Realty
Corp. mortgage and in con
nection therewith to execute necessary papers and attach thereto the
University's corporate seal.
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