university of illinois - UIHistories Project

54 BOARD OF TRUSTEES [September 18
"RESOLUTION authorizing the issue of Women's Residence Halls Revenue
Bonds of 1956, of The Board of Trustees of the University of Illinois in the principal
amount of $3,100,000 for the purpose of providing funds necessary to construct,
complete, and equip an addition to the Women's Residence Halls known as
the Lincoln Avenue Residences in the City of Urbana, Illinois, fixing the date,
maturities, form, and other details of said bonds, and making covenants and provisions
for the payment of said bonds and the interest thereon," is a true, correct,
and exact copy of the original resolution adopted by The Board of Trustees of the
University of Illinois at its regular meeting held on the 18th day of September,
1956.
IN WITNESS WHEREOF I hereunto set my hand and the seal of said
University of Illinois, this day of , 1956.
Secretary, Board of Trustees
University of Illinois
On motion of Mr. Livingston, this resolution was adopted by the
following vote: Aye, Mr. Herrick, Mr. Johnston, Mr. Livingston, Mr.
Megran, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent,
Mr. Bissell, Mrs. Holt, Mr. Nickell, Mr. Stratton.
REPORT OF FINANCE COMMITTEE ON INVESTMENTS
Mr. Livingston, for the Finance Committee, reported the following
changes in investments of trust funds.
Purchase Endowment Funds
$24,000 par value Northern Illinois Gas Company first mortgage 354
per cent bonds due April 1, 1981 $24 360 00
20,000 General Motors Acceptance Corporation 3^ per cent bonds due
in 1975
I0 7°° °°
Purchase Trust Funds (Chicago)
$2,500 U. S. Treasury 2^4 per cent bonds due August 15, 1963 $2 425 48
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
$25,000 U. S. Treasury Bills due August 23, 1956 $24 857 06
60,000 U. S. Treasury Bills due September 6, 1956 59 677 33
Residence Halls Revenue Bond Fund of 1952 Reserve Account
(Authorized by Board of Trustees resolution dated February 22, 1952, minutes
page 1370.)
Purchase
$32,000 U. S. Treasury 2j4 per cent bonds due March 15, 1970 $29 260 00
Dormitory Revenue Bond Fund of 19^-Construction
(Authorized by Board of Trustees resolution dated March 23, 1956, minutes
page 085.)
Purchase
$ 97,000 U. S. Treasury Bills due September 27, 1956 $ 96 745 38
85,000 U. S. Treasury Bills due October 25, 1956 84 583 50
630,000 U. S. Treasury Bills due November 15, 1956 625 863 20
This report was received for record.