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Show I Utah Union Building Bonds as security for the University deye~mi, [ The bank had also deposited $50, 000 of U. S. A. Panama Canal I< ~ Loan 5% bonds as security for EdgaIr S. Hilla, Treasurer of the Eigtégfi. University. On motion of Regent Wherry, the action of the 3 $23§§2§§dto was approved, subject to approval bv the Attorney-General, ofréé ,agprovglcenform of transfer made by the Deseret Eational Bank. The Secretary presented the following letter frOEEager af Eills, Treasurer: ‘ 1 Mr. Thomas Hull, Secretary, 3 University cf Utah, , {:Letter Salt Lake City. i from Dear IEr. Hull: I . q .... I1. ‘{Hr. Hills,. ,aTreasurer § of U. . I 3E enclosing herewith duplicate releases which the Agents for the Commercial Casualty Insurance Company have the UniverSity of Utah to eXecute undEr authority 6f theB~*' Regents releasing them under my bené, as Treasurer efI theI ~ Uni verSity of Utah, after September 14th, 1950, I As you will remerher the Deseret National Bank have subwl stituted bonds acceptable to the University in place of the y' surety bond, which heretofore has been reeuired. " If it isagreeable with tile Boarl or Regents to execute these releases, I will appreciate your signing' them and :~; them at your convenience. T " Yours Very truly," Edgar 3 31115, President E ' . g I Fiction 'pessed , H/H - , . . I II 1E . On motion Of Regent RObinSOfl, tne beeretary was authori':hI 1 to release :Casualty to release the Casualty Insurance Company, provided the aettauI {Insurance [Company was approved by the Attorney-Ueneral. F' Com in. . , A ; I. . . I if? 1 Mrs. Shields asked who made the investment of university ‘ to examine Funls and after some discussion, upon motion of fiegent :fl? in .~. _ r securities gordLoan the matter was referred to the Finance Committee ta JEN," I .1un s. . ,.iIW . securities held by the University The ehe Lean Ennfig. Vflflf‘ |
