 | Board of Visitors minutes November 8, 1940 |  |
REPORT ON THE FINANCE COMMITTEE:
Mr. R. Gray Williams, Chairman of the Finance Committee, read a report of the actions taken at a meeting
of the committee, held October 10, 1940, recommending to this Board the purchase of the following common stocks
for the endowment funds of the University;
1000 shares of the common-voting stock of the Inter-Mountain
Telephone Company, at $36.00 per share, (Par $10)72 shares of the common stock of the American Tel. & Tel. Co. at market to even our
holdings up to 700 shares, and 6 shares of stock, either common or preferred, of the
Charlottesville Woolen Mills, at market, to even out holdings up to 20 shares.
The recommendation of the Committee for the purchase of 1000 shares of the common-voting stock
of the Inter-Mountain Telephone Company, at $36. per share, was approved, and the other two recommended
purchases referred back to the Finance Committee with power to act.
| Board of Visitors minutes November 8, 1940 | |