Proceedings of the Board of Regents (1939-1942)

156

DECEMBER MEETING, 1939

1M Cuyahoga Falls City School District, Summit County, Ohio, Refunding, 6%,
dated October 1, 1933, due October 1, 1941. Sold at 103. Book value,
$1,058.51; sales price, $1,030.00; loss, $28.51. Not rated.
$2,500 Royal Oak Township, Oakland County, Michigan, School District No. 7
of, Certificates of Indebtedness, without interest to maturity, 3% thereafter,
dated September 1, 1937, due September 1, 1947. Sold 2M at 55.50 and
$500 at 57 flat. Book value, $1,125.00; sales price, $1,395.00; profit,
$270.00. Not rated.
20M Lake Township, Macomb County, Michigan, School District No. 2, Refunding, Series "A," 2% to October 1, 1940, 2%2% to October 1, 1943, 3% to
October 1, 1946, 3'2% to October 1, 1949, 4% to October 1, 1951, 4'2%
thereafter, dated January 1, 1937, due October 1, 1966. Sold at 53. Book
value, $13,000.00; sales price, $10,600.00; loss, $2,400.00. Not rated.
$575 Troy Township, Oakland County, Michigan, School District No. 6 of, Certificates of Indebtedness, non-interest-bearing to maturity, 5% thereafter,
dated September 1, 1937, due September 1, 1947. Sold at 40 flat. Book
value, $287.50; sales price, $230.00; loss, $57.50. Not rated.
Actions of the Executive Committee were approved and ratified as
follows (p. 111):
October 30, 1939
Present, President Ruthven, Regent Shields, and Regent Cook.
On recommendation by Dr. Ruthven, the committee named the following to
membership on the Executive Committee of the Museum of Zoology for the terms
named: Associate Professor Carl L. Hubbs, three years; Assistant Professor Josselyn Van Tyne, two years; and Dr. William H. Burt, one year. The terms of
office begin November 1, 1939. It is understood that Associate Professor Frederick
M. Gaige, Director of the Museum of Zoology, is Chairman, ex officio, of the
Executive Committee.
December 2, 1939
Present, President Ruthven, Regent Shields, and Regent Cook.
With the approval of Registrar Ira M. Smith, the committee granted leave of
absence, without salary, for the period from December 26, 1939, to January 16,
1940, to Elisabeth Lawrie, Assistant to the Registrar in Charge of Freshman
Admissions. It is understood that during her absence other members of the staff
will carry Miss Lawrie's work.
December 2, 1939
Present, President Ruthven, Regent Shields, and Regent Cook.
On recommendation by the Executive Committee of the College of Literature,
Science, and the Arts, the committee granted leave of absence, with full salary,
for the second semester of the University year 1939-1940 to Assistant Professor
Charles M. Davis of the Department of Geography and Director of Admissions
with Advanced Standing, to permit him to take advantage of a grant-in-aid from
the Carnegie Corporation to make a nation-wide study of problems involved in
the transfer of students from one institution to another.
Further, the committee granted sabbatical leave of absence, with full salary,
for the second semester of the University year 1939-1940 to Professor I. Leo
Sharfman of the Department of Economics.
The committee approved the recommendation that during Professor Sharfman's absence Professors Z. C. Dickinson, W. A. Paton, C. F. Remer, and L. L.
Watkins and Associate Professor Shorey Peterson, Chairman, act as the Executive
Committee of the Department of Economics.
December 5, 1939
Present, President Ruthven, Regent Shields, and Regent Cook.
On recommendation by the Council of the Research Club, the committee appointed Dr. Frank N. Wilson, Professor of Internal Medicine, as Henry Russel
Lecturer for the University year 1939-1940, with stipend of $200, as provided by
the income of the Henry Russel Endowment (R.P. 1936-1939, p. 806).
December 6, 1939
Present, President Ruthven, Regent Shields, and Regent Cook.
On recommendation by Associate Professor Louis A. Hopkins, Director of the
Summer Session, and Dean James B. Edmonson of the School of Education, the
committee added the sum of $4,500 from General Funds to the Summer Session