MINUTES of the MEETING of the FINANCE COMMITTEE October 17, 1969
MINUTES OF THE MEETING of the FINANCE COMMITTEE October 17, 1969 Acting President Adams called the Finance Committee to order at 7:30 a.m. at Kellogg Center. The following members were present: Messrs. Hartman, Huff, Martin, Merriman, Nisbet, Stevens, Thompson, and White; Acting President Adams, Acting Vice President Wilkinson, and Secretary Breslin. Absent: No one. 1. Investment recommendations from Scudder, Stevens & Clark and Mr. Earl Cress, as I Investment follows : ,| recommendations John A. Hannah Professorship Fund Approx. Amount Security Price Principal Income Yield Recommend selling: $42,000 Fprd Credit Demand Notes $ 42,000 8.0% (out qf $196>, DO.O) Recommend purchasing: Up to 1,000 shs. RCA Corp. $ 42 42,000 $ 1,000 2.4% Retirement Fund Recommend purchasing; Up to 8,200 shs. RCA Corp. 42 344,400 8,200 2.4% Forest Akers Fund Exchange: 230 shs. Chubb Corp. 55 12,650 414 3.3% For: 345 shs. INA Corp. 36 12,420 483 3.9% and $22 per share in cash 5,060 Recommend purchasing: Up to 120 shs. RGA Corp. 42 5,040 120 2.4% Akers Golf Course Fund Exchange: 200 shs. Chubb Corp. 55 11,000 360 3.3% For: 300 shs. INA. Corp. 36 10,800 420 3.9% and $22 per share in cash 4,400 Recommend purchasing: Up to 110 shs. RCA Corp. 42 4,620 110 2.4% Consolidated Investment Fund Exchange: 1,100 shs. Chubb Corp. 55 60,500 1,980 3.3% For: 1,650 shs. INA Corp. 36 59,400 2,310 3.9% and $22 per share in cash 24,200 Recommend purchasing: Up to 570 shs.
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