Proceedings of the Board of Regents (1939-1942)

NOVEMBER MEETING, 1939

107

SALES
BONDS
10M Abingdon, Town of, Virginia, Public School, 5%, dated May 1, 1925, due
January 1, 1946/50. Sold at 106. Book value, $11,030.05; sales price, $10,600.00; loss, $430.05. Not rated.
5M Amherst Village School District, Lorain County, Ohio, Building, 6%, dated
December 15, 1921, due October 1, 1941/42. Sold at 108.50. Book value,
$5,604.82; sales price, $5,425.00; loss, $179.82. Not rated.
20M Avon Lake Village School District, Lorain County, Ohio, Building, 6%, dated
December 1, 1921, due October 1, 1943/47 and April 1, 1944/48. Sold at
113.75. Book value, $23,221.57; sales price, $22,750.00; loss, $471.57. Not
rated.
2M Avon Village School District, Lorain County, Ohio, Building, 5/4%, dated
June 1, 1923, due October 1, 1941-44. Sold at 107.25. Book value,
$2,132.31; sales price, $2,145.00; profit, $12.69. Not rated.
10M Berea Village School District, Cuyahoga County, Ohio, School, 4'/%, dated
April 1, 1926, due April 1, 1951. Sold at 110.75. Book value, $11,166.40;
sales price, $11,075.00; loss, $91.40. Moody's rating "Ba."
10M Bowling Green City School District, Wood County, Ohio, School Building,
4V2%, dated September 1, 1927, due March 1, 1942/43. Sold at 106. Book
value, $10,705.71; sales price, $10,600.00; loss, $105.71. Moody's rating "A."
6M Butler Township Rural School District, Darke County, Ohio, School Building,
5%, dated January 1, 1927, due March 1, 1941/43 and September 1, 1942.
Sold at 106.20. Book value, $6,297.58; sales price, $6,372.00; profit, $74.42.
Not rated.
5M Cleveland, Ohio, Sewage Disposal, 4~ %, dated August 1, 1930, due
October 1, 1947. Sold at 107.50. Book value, $5,442.92; sales price,
$5,375.00; loss, $67.92. Moody's rating "Baa."
8M Coitsville Township Rural School District, Mahoning County, Ohio, School
Building, 5%, dated April 1, 1924, due April 1, 1949/50. Sold at 114. Book
value, $9,236.92; sales price, $9,120.00; loss, $116.92. Moody's rating "Baa."
16M Cuyahoga Falls Village School District, Summit County, Ohio, Board of
Education of, School Building, 52 %, dated January 12, 1921, due October
1, 1942-45 and April 1, 1944. Sold at 106.375. Book value, $17,535.76;
sales price, $17,020.00; loss, $515.76. Not rated.
$19,126.25 Detroit, Michigan, Refunding, Series "B," Registered, 34X%, dated
June 30, 1933, due August 1, 1962. Sold at 84.52. Book value, $17,213.63;
sales price, $16,165.50; loss, $1,048.13. Moody's rating "Baa."
$5,328 Ecorse Township, Wayne County, Michigan, School District No. 11 of,
Certificates of Indebtedness, 3%, dated September 1, 1937, due September 1,
1947. Sold at 89.03. Book value, $4,422.24; sales price, $4,743.64; profit,
$321.40. Moody's rating "B."
10M Fulton Township Centralized School District, Fulton County, Ohio, School
Building, 5%, dated February 15, 1927, due October 1, 1947/50 and April
1, 1948/50. Sold at 113. Book value, $11,497.29; sales price, $11,300.00;
loss, $197.29. Not rated.
$9,183 Garden City, Michigan, School District of, Interest Refunding Certificates
of Indebtedness, without interest to maturity, 4% thereafter, dated August 1,
1937, due July 1, 1947. Sold at 32 flat. Book value, $3,673.20; sales price,
$2,938.56; loss, $734.64. Not rated.
4M Geneva, Village of, Ohio, Sewage Disposal Works, 5~4%, dated May 1, 1922,
due October 1, 1941/42-46. Sold at 108.75. Book value, $4,296.41; sales
price, $4,350.00; profit, $53.59. Not rated.
10M Goldsboro Graded Schools, Wayne County, North Carolina, Board of Trustees
of, School, 5%, dated May 1, 1922, due May 1, 1950. Sold at 105.125. Book
value, $11,599.67; sales price, $10,512.50; loss, $1,087.17. -Moody's rating
"Baa."