university of illinois - UIHistories Project

1957] UNIVERSITY OF ILLINOIS I05I
1956, but is a report of funds turned over to the University by the Foundation
during this period.
This report was received for record.
REPORTS OF BOARD COMMITTEES
The Board took up consideration of the following reports and recommendations
from its Committees.
INVESTMENTS
Mr. Swain, for the Finance Committee, reported the following changes
in investments of trust funds:
Endowment Funds—General
Sale
Twelve shares of Public Service Company of Indiana common $ 404 64
Forty-five shares of Commonwealth Edison Company 1 731 84
One share of Hammermill Paper Company 4% Cumu. Pfd 87 94
Eight shares of El Paso Natural Gas 4.10 Cumu. Pfd 637 20
Twenty-nine shares of American Tobacco Company common 2 078 46 '
Twenty-six shares of Swift and Company capital 791 28
Sixteen shares of J. C. Penney common I 256 63
Two shares of Virginia Electric and Power Company 5 Pfd 194 29
Thirteen shares of Northern Illinois Gas Company common 218 19
One share of Montgomery Ward Class "A" 139 89
Six shares of Household Finance Corporation 354 Pfd 433 64
Nine Shares of Marshall Field 4% Cumu. Pfd 705 58
Eight shares of Burlington Industries 4 Pfd 510 18
Purchases
$ i.SOO U. S. Treasury, 2}/2 per cent, due August 15, 1963 $ 1 398 75
30,000 American Telephone and Telegraph, 5 per cent, due November
1, 1983 30 438 30
8,000 American Telephone and Telegraph, 5 per cent, due November
1, 1983 8 380 00
Report of Comptroller
Men's Residence Halls Revenue Bond Fund of 1957 — Construction
(Authorized by Board of Trustees resolution dated May 28, 1957)
Purchase
$532,000 U. S. Treasury bills, due January 2, 1958 $530 900 5 2
Dentistry-Medicine-Pharmacy Building Revenue Bond Funds — Construction
(Authorized by Board of Trustees resolution dated March 18, 1951,
minutes page 632)
Purchases
$10,000 U. S. Treasury bills, due August 8, 1957 $ 9 928 00
10,000 U. S. Treasury bills, due November 29, 1957 9 958 75
10,000 U. S. Treasury bills, due December 12, 1957 9 948 44
10,000 U. S. Treasury bills, due December 26, 1957 9 937 00
Dentistry-Medicine-Pharmacy Building Revenue Bond Funds — Auxiliary
(Business Manager of Chicago Departments authorized by Board of
Trustees at meeting of December 16, 1953, minutes page 1191)
Purchases
$ 50,000 U. S. Treasury bills, due June 27, 1957 $ 49 803 08
100,000 U. S. Treasury bills, due August I, 1957 99 312 00
This report was received for record.
THE UNIVERSITY OF ILLINOIS STATUTES
Mrs. Watkins submitted the following report:
The Special Committee on Revision of the University of Illinois Statutes
recommends adoption of the General Rules Concerning University Organisation