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Show 85 .Respectfully submitted, . T. A. Williams ' (theirman, Finance Committee) '1 , ~1he tailoring report from Edgar 8. 31113, President of the "obeseret'fietional Bank, Salt Lake City, was presented to the Board; 1'"; > - > April 2, 1931 fir. Themes Hull, Secretary ,yfiniversity of Utah > salt Lake City, Utah ' ' nvdyear.Mr.,Hullz ‘Beferring to our conversation of today regarding the securities" _ gple , t 1;: on ‘5 , From information received, the District appears not to be to redeem as many as mature each year,'end it is rumored they may have to refund the entire issue over a longer periodt~was originally contemplated. Chins to the change of the financing, the market for these L.bdfids-fias been.considerably depressed and at present the bonds are fiifiofliaelly quoted on the San Francisco market at from $60.00 to . 'fiieeoooe ,rree.oer information, it is not-anticipated that they will ~éfiofau1t=1n the interest, but they may not be abel to pay the _ as 9"pfiin0ipal as it matures. unless the bond issue is refinanced . 7 _ * ‘feutlined.above.r IT: ‘ , Yours very truly, EDGAR s. HILLS President, Deseret National Bank President Thomas read a telegram froo the emerican Association of finiversity fibmen Stating that the University of Utah has been ;$&ced on the £311? approved-list of the Associetion. Cooper of the President Thomas recommended thnt Blanche a Park Fellowship of gifiarfinentof Home Economics.be allowed 1931-32. 13456;00Cnh11e on leave of absence during the school year by e‘fibsent'flherry moved the recommendation be approved; seconded :H* Regent millions and carrie d. .‘1-_-‘1-a.s.-_-.-Hm ‘ that the'first maturity will be on July 1, 1931._ .<Jm--:Hn_n 121938;" fine entire-issue is on a serial basis and we are informed .A ' thousand dollars of these bonds ($5000.00) are held by the Park ficholership fund, and five thousand-dollars<$5000.00) by the Park kibrary Fund. The bonds owned by the University mature Jul? lst, x- Al .4 éfihiflfi by the UniVersity of Utah as far as I am able to ascertain, ; the only bonds held by the UniverSity as an investment of which ; there‘is any'question, are the Oekdale Irrigation bonds. Five |
