 | Board of Visitors minutes March 15, 1945 |  |
REPORT OF FINANCE COMMITTEE:
Mr. Bustard, of the Finance Committee, presented for the action of the Board the following matters
considered at a meeting of said committee on the 14th instant.
RESOLVED, that the following stocks purchased by the Finance Committee of this Board as
investments for the endowment funds of the University, be and are hereby approved:
200 shares of Life Insurance Company of Virginia common stock @ 93, and
200 shares of Continental Can Co. 3 3/4% preferred stock @ 102½
Approved
RESOLVED, that the Finance Committee of this Board in making investments for the
endowment funds under its control, confine such investments in common stocks to such an amount
as will not exceed thirty per cent of the total value of the said endowment funds at the date
of the last valuation, and that such purchases made of common stocks be reported to this Board at
the first meeting following such purchases.
Approved
| Board of Visitors minutes March 15, 1945 | |