MINUTES OF THE MEETING
of the
BOARD OF TRUSTEES
March 20, 1963
Recently Mr. Theodore O. Yntema offered 100
shares of Ford Motor Company stock to Oakland University at
$10.50 per share. Apparently he was receiving this stock through
options granted by the company and did not want to invest
additional personal funds. Therefore, Oakland University was
able to purchase the stock at his option price of $10.50 per
share.
I would like Board approval to sell the stock
at market in order that the transaction can be cleared and
the difference between the cost and the sale price placed
in the Discretionary Gift Fund under Mr. Varner.
On motion by Mr. Vanderploeg, seconded by Mr.
Harlan, it was voted to approve this item.
Mr. Varner recommends that he be permitted to
offer honorary degrees at the first Oakland commencement on
April 20, as follows:
The first degree to Mrs. Matilda R. Wilson
The second degree to Mr. Harold. A. Fitzgerald
The third degree to Mr. Frank Keppel, the United States
Commissioner of Education, the commencement speaker
On motion by Mr. Merriman, seconded by Dr. Smith,
it was voted to approve this item.
Change in salary for Damie Stillman, Assistant
Professor of Art, from $7300 to $8200 effective April 1, 1963.
(p.133)