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Show 663 Heber Bennion, Reid Culp, W. D. Nebeker, Jr., Wendell M. Smoot, Jr., and Douglas O. Woodruff. Associates duly excused: Pres. Olpin, Regents Sill, Ballif, Cox, Christensen, Browning, Bamberger, and Leon D. Garrett. Richard L. Evans acted as Chairman and stated the purpose of the meeting to be that of advising the Regent representatives of the proposed policy of the Alumni Committee on Finances for the investment of the Alumni Class Trust Funds and called upon Mr. Nebeker to briefly outline the program as previously approved by the Alumni Finance Committee at a meeting held at the University Club February 16. After some discussion Mr. O'Connor expressed appreciation on behalf of the Regents present for the Alumni group taking them into their confidence on the investment policy. He duly moved that the concensus of those present deemed the proposed investment program good and that the action of the meeting be reported to the -Board of Regents at their next regular meeting. Motion was duly seconded by Mr. Culp and unanimously passed. Motion to adjourn at 2:00 P.M. Respectfully submitted, 5/ DOW:mlb D O W DOUGLAS 0. WOODRUFF Executive Secretary The policy named in the foregoing minutes for the investment of alumni funds is 'to divide the amount available so that one-half can be used for the purchase Of bonds and the other half for the purchase of security shares in such organizations as Eaton and Howard Stock Fund, Funda- mental Investors, Inc. , Incorporated Investors and the Massachusetts Investors 2nd Fund. ded by Regent O'Connor moved acceptance of the report secon Regent Bamberger and carried. , SUMMER On motion of Regent Browning seconded by Regent Gibson the Board approved of allocating the registration fee for the Summer quarter on the basis of $5.00 for the six-weeks' term and $5.00 for the post-session. SCHOOL REGISTRATION FEE and carried, On motion of Regent Romney duly seconded req uest for a leave of absence was approved: ' the followmg LEAVE OF ABSE OVED APPRNCE Robert E. Stephenson, Assistant Professor of |
