university of illinois - UIHistories Project

44§ BOARD OF TRUSTEES [June 20
which the appropriations were made. Appropriations to the University for the
current biennium, 1955-57, will be available until September 30, 1957, but only for
the payment of obligations for which commitments are made prior to July I, 1957.
There will be some changes recommended in the contracts for the construction
of the Band Building and the Home Economics Building which, however, could
not be formulated for presentation to the Board of Trustees at today's meeting.
It is therefore recommended that the Board of Trustees authorize the President of
the University and the Vice-President and Comptroller to approve such changes in
contracts for the construction of these two buildings which may be recommended
by the Physical Plant Department, with the understanding that a report of any
such changes authorized will be made to the Board at its next meeting.
On motion of Mrs. Holt, authority was given as requested.
REPORT OF FINANCE COMMITTEE ON INVESTMENTS
Mr. Swain, for the Finance Committee, reported the following changes
in investments of trust funds:
Purchase Endowment Funds — General
$21,000 Alabama Power first 4H per cent bonds due May 1, 1987 $20 895 00
32,000 Southern California Edison Company first of refunding mortgage
series, H 4*4 per cent bonds due February 15, 1982 32 400 00
330 Shares of United States Steel Corporation common stock 20 984 99
Report of Comptroller
Men's Residence Halls Revenue Bond Fund of 1957 — Construction
(Authorized by Board of Trustees resolution of May 28, 1957, minutes page 408.)
Purchase
$1,017,000 U. S. Treasury Bills due August 1, 1957 $1 009 262 04
398,000 U. S. Treasury Bills due May 31, 1957 397 on 63
316,000 U. S. Treasury Bills due June 27, 1957 314 574 05
326,000 U. S. Series C 2 per cent Treasury Notes due August 15,
1957 325 083 13
1,294,000 U. S. Treasury 3j4 per cent Certificates of Indebtedness
Series D due October 1, 1957 1 295 213 13
1,594,000 U. S. 33-6 per cent Certificates of Indebtedness Series A
due February 14, 1958 I 593 003 75
1,525,000 U. S. Treasury Notes Series A-igs8 2% per cent due June
15, J958 1 514 039 06
Women's Residence Halls Revenue Bond Fund of 1956 — Construction
(Authorized by Board of Trustees resolution of September 18, 1956, minutes,
page 52.)
Sales
$200,000 U. S. 3% per cent Certificates of Indebtedness Series D due
October 1, 1957 $200 000 00
Transfer
$40,000 U. S. Treasury 1% per cent notes due May 15, 1957, transferred
from Women's Residence Hall Construction Fund to Men's
Residence Hall Construction Fund.
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 March 23, 1957 $9 939 65
10,000 U. S. Treasury bills due June 6, 1957 9 926 81
10,000 U. S. Treasury bills due June 20, 1957 9 934 S 2
10,000 U. S. Treasury bills due July 5, 1957 9 935 °°
10,000 U. S. Treasury bills due July 18, 1957 9 922 65
10,000 U. S. Treasury bills due July 25, 1957 9 926 25
This report was received for record.