ILLINOIS - The University of Illinois Board of Trustees
ILLINOIS - The University of Illinois Board of Trustees ILLINOIS - The University of Illinois Board of Trustees
19781 UNIVERSITY OF ILLINOIS 115 Report of Investment Transactions through September 30,1978 (34) The comptroller presented the investment report as of September 30, 1978. Face Value or Number Changes in Investments (Under Comptroller’s Authority) cost or Yield Dute ofshares Description (Pcrcen t) Amount Sales: 9J1 $ 54 000 Hertz demand notes.. ..... $ 54 000 00 $ 54 000 00 9/13 2 000 000 Harris Trust & Savings Bank 8 percent certificate of de- 9/28 posit due 10/31\78 dated 8/28/78 ................ 2 000 000 00 50 000 US. Treasury bills due 3/6/79 ................. 46 727 83 1 998 540 03 4% 162 67 9 net 763 060 First National Bank of Chicago 5 percent open-end time deposit ............. 763 060 31 763 060 31 Purchases: 8/4 $ 3 000 Hertz demand notes ............... 8.05 $ 8/31 100 000 U.S. Treasury bills due 9/21/78.. ... 7.38 3 000 00 99 571 25 9/5 2 000 000 First National Bank of Springfield 9/6 916 9/6 9/6 9/6 9/6 916 9/6 9/15 9119 9/19 9/20 8% percent certificate of deposit due 6,/6/79.. ........................ 8.75 35 000 U.S. Treasuly bills due 10/19/78.. .. 6.30 45 000 U.S. Treasury bills due 11/24/78. ... 7.20 70 000 U.S. Treasury bills due 12/14/78.. .. 7.39 70 000 U.S. Treasury bills due 1/25/79.. ... 7.53 75 000 U.S. Treasury bills due 2/8/79.. .... 7.34 45 000 U.S. Treasury bills due 3/6/79.. .... 7.77 35 000 U.S. Treasury bills due 4/3/79.. .... 7.80 40 000 U.S. Treasury bills due 5/29/79.. ... 8.04 2 000 000 US. Treasury bills due 12/7/78.. ... 7.93 185 000 U.S. Treasury bills due 11/14/78.. .. 7.98 100 000 U.S. Treasuly bills due 4/3/79.. .... 8.26 505 534 Government National Mortgage Association Mobile Home “B” 8% percent 2 000 000 00 34 738 39 44 300 00 68 605 56 67 995 58 72 701 25 43 307 3% 33 483 54 37 764 00 1 964 079 44 182 732 31 95 698 89 debentures (Pool No. 23,277) due 9/15/93 ......................... 9.00 498 898 98 9/21 9/21 9J25 9/25 1 500 000 Government National Mortgage Association 9 percent debentures (Pool No. 27,087) due 8\15/08 .............. 9.08 282 000 U.S. Treasury 8% percent notes due 5/15/88 ......................... 8.48 75 000 US. Treasury bills due 11/24/78. ... 7.27 25 000 U.S. Treasury bills due 12/14/78.. .. 7.19 1490 625 00 277 858 13 74 102 50 24 606 67 9/25 1 206 000 U.S. Treasury 7% percent bonds due 2/15/07 ......................... 8.56 1 088 415 00 On motion of Mr. Livingston, this report was approved as presented.
116 BOARD OF TRUSTEES [October 20 SECRETARY’S REPORT The secretary presented for record appointments to the faculty and changes of status made by the president, resignations, leaves of absence, and retirements. A copy of the report is filed with the secretary. SUGGESTIONS FOR ACCELERATING BOARD BUSINESS Mr. Lenz asked that study be given to means of expediting board action on routine agenda items, perhaps by the development of a “consent agenda” (a list proposed for summary action, that might be proposed and departed from at the option of individual trustees). He also sug- gested the grouping of like items for a single roll call to reduce repetitive roll calls. It was agreed the secretary would attempt to develop some pro- cedures along these lines. ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD President Howard called attention to the schedule of regular meetings for the remainder of the year: November 17, Medical Center; December 13, Chicago Circle. He also announced that an executive session had been requested and would be convened after the meeting to consider reports on pending litigation. RECESS AND EXECUTIVE SESSION Following a short recess, the board reconvened in executive session and considered the following items of business : litigation Initiated by James Freidag (35) A complaint has been filed in the Court of Claims of the State of Illinois (Case No. 78 CC 1523) by James Freidag against the University. The complaint seeks damages in the amount of $100,000 for injuries alleged to have been in- curred by plaintiff on October 30, 1977 during a “pick-up” basketball game at the Intramural-Physical Education Building on the Urbana-Champaign campus. The plaintiff alleges that he was a student of the University at the time and was willfully and maliciously struck and injured by another student. It is alleged that the University did not properly supervise the use of the intramural facility or take reasonable steps to prevent the use of the same by persons who the University knew to have a propensity for violence. The university counsel has recommended that he be authorized to take such steps as are necessary or appropriate, including the employment of special counsel, to protect the interests of the University in this matter and to defend the claim. I concur. The student advisory vote was: Aye, Miss Kmper, Mr. Sobotka, Mr. Watson; no, none. On the motion of Mr. Lenz, authority was given as recommended by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Lenz, Mr. Livingston, Mr. Neal, Mrs. Rader, Mrs. Shepherd, Mr. Velasquez; no, none; absent, Governor Thompson.
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116 BOARD OF TRUSTEES [October 20<br />
SECRETARY’S REPORT<br />
<strong>The</strong> secretary presented for record appointments to the faculty and<br />
changes <strong>of</strong> status made by the president, resignations, leaves <strong>of</strong> absence,<br />
and retirements. A copy <strong>of</strong> the report is filed with the secretary.<br />
SUGGESTIONS FOR ACCELERATING BOARD BUSINESS<br />
Mr. Lenz asked that study be given to means <strong>of</strong> expediting board action<br />
on routine agenda items, perhaps by the development <strong>of</strong> a “consent<br />
agenda” (a list proposed for summary action, that might be proposed<br />
and departed from at the option <strong>of</strong> individual trustees). He also sug-<br />
gested the grouping <strong>of</strong> like items for a single roll call to reduce repetitive<br />
roll calls. It was agreed the secretary would attempt to develop some pro-<br />
cedures along these lines.<br />
ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD<br />
President Howard called attention to the schedule <strong>of</strong> regular meetings<br />
for the remainder <strong>of</strong> the year: November 17, Medical Center; December<br />
13, Chicago Circle.<br />
He also announced that an executive session had been requested and<br />
would be convened after the meeting to consider reports on pending<br />
litigation.<br />
RECESS AND EXECUTIVE SESSION<br />
Following a short recess, the board reconvened in executive session and<br />
considered the following items <strong>of</strong> business :<br />
litigation Initiated by James Freidag<br />
(35) A complaint has been filed in the Court <strong>of</strong> Claims <strong>of</strong> the State <strong>of</strong> <strong>Illinois</strong><br />
(Case No. 78 CC 1523) by James Freidag against the <strong>University</strong>. <strong>The</strong> complaint<br />
seeks damages in the amount <strong>of</strong> $100,000 for injuries alleged to have been in-<br />
curred by plaintiff on October 30, 1977 during a “pick-up” basketball game at<br />
the Intramural-Physical Education Building on the Urbana-Champaign campus.<br />
<strong>The</strong> plaintiff alleges that he was a student <strong>of</strong> the <strong>University</strong> at the time and was<br />
willfully and maliciously struck and injured by another student. It is alleged that<br />
the <strong>University</strong> did not properly supervise the use <strong>of</strong> the intramural facility or take<br />
reasonable steps to prevent the use <strong>of</strong> the same by persons who the <strong>University</strong><br />
knew to have a propensity for violence.<br />
<strong>The</strong> university counsel has recommended that he be authorized to take such<br />
steps as are necessary or appropriate, including the employment <strong>of</strong> special counsel,<br />
to protect the interests <strong>of</strong> the <strong>University</strong> in this matter and to defend the claim.<br />
I concur.<br />
<strong>The</strong> student advisory vote was: Aye, Miss Kmper, Mr. Sobotka, Mr.<br />
Watson; no, none.<br />
On the motion <strong>of</strong> Mr. Lenz, authority was given as recommended by<br />
the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Lenz,<br />
Mr. Livingston, Mr. Neal, Mrs. Rader, Mrs. Shepherd, Mr. Velasquez;<br />
no, none; absent, Governor Thompson.