Minutes of the Meetings of January 29, 1981; February 5, 1981; February 12, 1981; February 19, 1981; February 26, 1981; March 5, 1981 and March 12, 1981
MIN UTE S OF THE BOARD OF PENSION COMMISSIONERS MEETING OF FEBRUARY 11, 1982 The Board of Pension Commissioners of the City of Los Angeles met in Room 155, City Hall South, on Thursday, February 11, 1982, at 9:45 a.m. COMMISSIONERS: Arthur Burdorf, President Pro Tern Sam Diannitto Ronald S. W. Lew Olga Marcus Garo Minassian Karl L. Moody DEPARTMENT OF PENSIONS: Wm. S. Hutchison, Acting Manager-Secretary James J. McGuigan, Asst. Manager-Fiscal Jerry Bardwell, Investment Officer CITY ATTORNEY: Siegfried O. Hillmer, Assistant City Attorney PRESENTATION OF MINUTES OF THE MEETINGS OF JANUARY 29, 1981; FEBRUARY 5, 1981; FEBRUARY 12, 1981; FEBRUARY 19, 1981; FEBRUARY 26, 1981; MARCH 5, 1981 AND MARCH 12, 1981 Approved. Motion by Commissioner Lew, seconded by Commissioner Diannitto and adopted by the following vote: ayes, Commissioners Diannitto, Lew, Marcus, Moody, and President Pro Tern Burdorf - 5; noes, none. INVESTMENTS President Pro Tern Burdorf referred to Item No. 2 and asked if any of the investment advisors were at today's meeting. Mr. Jack Wood of Wright Investors' Service came forward for presentation and submitted his stock purchase list for approval of the Board. STOCK PURCHASE RESOLUTION NO. 82125 2525 NEW SYSTEM GENERAL PENSION FUND After discussion by the Board it was moved by Commissioner Diannitto that upon the advice of investment counsel, the Manager-Secretary and/or Wright Investors' Service be authorized to purchase up to $3,560,000 of capital stock in each of the following companies at the market price, plus commission
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