university of illinois - UIHistories Project

168 BOARD OF TRUSTEES [December 18
MINUTES APPROVED
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 OF FINANCE COMMITTEE ON 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 U. S. Treasury Bills due September 20, 1956 $ 9 948 22
25,000 U. S. Treasury Bills due October 18, 1956 $ 24 878 67
10,000 U. S. Treasury Bills due October 4, 1956 9 061 78
30,000 U. S. Treasury Bills due November i, 1956 29 842 30
10,000 U. S. Treasury Bills due November 15, 1956 9 958 00
15,000 U. S. Treasury Bills due November 19, 1956 14 920 38
60,000 U. S. Treasury Bills due December 13, 1956 59 608 00
10,000 U. S. Treasury Bills due December 27, 1956 9 060 39
15,000 U. S. Treasury Bills due January 10, 1957 14 913 23
30,000 U. S. Treasury Bills due January 24, 1957 29 821 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 U. S. Treasury Bills due January 31, 1957 $ 67 589 85
80,000 U. S. Treasury Bills due December 27, 1956 79 785 33
378,000 U. S. Treasury Bills due February 14, 1957 375 155 44
80,000 U. S. Treasury Bills due January 1, 1957 79 737 22