Proceedings of the Board of Regents (1936-1939)

SECOND OCTOBER MEETING, 1936

71

LAWYERS' CLUB Par Value Book Value
7.5M United States of America Savings Bonds,
Series "B," dated September 1, 1936, due September 1, 1946. Purchased for $7,500, value at maturity $10,000. Moody's rating "Aaa"......... $ 7,500.00 $ 7,500.00
STOCKS
CONSOLIDATED ENDOWMENT FUND
Shares
150 Frederick Stearns & Company, Participating
Preferred, 5% Cumulative, Par Value $100.
Purchased at par......................... $15,000.00
SALE
BONDS
Par Value Book Value
GEORGE G. BOOTH TRAVELING FELLOWSHIP IN ARCHITECTURE
20M Bedell Company of Michigan (The), First
Mortgage Leasehold, 6%, dated May 15, 1923,
due May 15, 1938. Not rated. Total settlement
as follows:
$20,000.00 $20,000.00
Cash........................ $5,735.40
Detroit Trust Company Trust Ctf.
No. 9388.................. 1,056.00 6,791.40
Principal Loss................ $13,208.60
SALE OF REAL ESTATE ON CONTRACT
INACTIVE EXPENDABLE FUND
R.E. No. 152-B. To Raymond J. and Edith M. Quigley, husband and wife.
Sale price, $6,355.75.
(340 South Ashley Street, Ann Arbor, Michigan)
The east one hundred feet of the south forty feet of lot four, block three south,
range two east, city of Ann Arbor, Washtenaw County, Michigan, according
to the original plat of William S. Maynard's First Addition to the City of
Ann Arbor.
REAL ESTATE ACQUIRED BY WARRANTY DEED IN LIEU
OF MORTGAGE FORECLOSURE
INVESTMENT POOL FOR DORMITORIES AND HOSPITAL RESERVES
R.E. No. 168-B. Warranty Deed.
(504 Miller Avenue, Ann Arbor, Michigan)
Beginning at a point on the northeasterly line of Miller Avenue ninety-two feet
northwesterly from the intersection of said northeasterly line of Miller Avenue with the west line of Spring Street; thence northeasterly at right angles
with the northeasterly line of Miller Avenue sixty-nine and 81/100 feet to
a point in the north line of lot number one of Douglas, McOmber and
Ryan's Subdivision of block four of Felch's Addition to the City of Ann
Arbor, thence westerly parallel to the northeasterly line of Miller Avenue
fifty feet; thence southwesterly sixty-nine and 81/100 feet to the northeasterly line of Miller Avenue; thence easterly along the northeasterly line
of Miller Avenue fifty feet to the place of beginning, being a part of lots
number one, two, and three according to the recorded plat of Douglas,
McOmber and Ryan's Subdivision of block four of Felch's Addition to the
City of Ann Arbor, County of Washtenaw, and State of Michigan.
Actions of the Executive Committee were approved and ratified in
accordance with the minutes of the committee as follows (page 37):October 7, 1936
Present, President Ruthven, Regent Beal, and Regent Stone.
At the request of the Executive Committee of the College of Architecture
and with the approval of the Faculty Personnel Committee, the salary of Walter