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Caption: Board of Trustees Minutes - 1918
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EXTRACTED TEXT FROM PAGE:
ipiBJ UNIVERSITY OF ILLINOIS ; ,739 Assessors. I liave also received from McKey & Poague the following insurance policies on the properties at 1756-1758 W. Polk Street: Germania $(),ooo Expires March 31, 191 9 '$ 276393 : I029I00 Dubuque Fire a I & Marine 2,000 March 31, 1919 561278 Allemannia 2,000 " January 21, 1921 ' 629523 Fidelity Plate Glass " January 24, 1919 The insurance policies .nan the properties: at 721-725 S, Wood Street are in the hands oi the holders of ^the -mortgage on that property. I have taken .possession otf the properties for *he University ^and I am looking after the collection of .rents and the payment of expenses on the properties. • \ I have deposited with the Secretary of the Board the deeds and insurance policies above mentioned, together with copies of the Certificates of Exemption. Cordially yours, LLOYD MOREY Also a statement concerning the lease on the building at the northeast corner of the intersection of Wood and Polk Streets in Chicago. Also a statement concerning the probable -cost of acquiring the property on Polk Street immediately east of the one now owned by the University and extending to the alley-way between Wood Street and Hermitage Avenue. These statements were received for record. worn® worn mmrmw SUPPLIES (5) A letter from the Comptroller concerning the ^execution of a bond to the United States of America, covering the return of military supplies. April 20, 1918 President Edmund J. James, University of Illinois MY DEAR PRESIDENT JAMES : On November 18, 1917, Page 136, thes Board of Trustees authorized me to execute a bond in favor of the United States of America for $100,000.00 for one year, covering; the return of military supplies. This bond would normally expire October 8, 1917, and should have been renewed or supplanted by a new bond at that time. During the fall, however, the government made frequent calls on the University for the return of various items of our military stores, until the amount on hand was reduced from $49,326.03 to $8,795.91. I have made repeated efforts to secure proper direction from the War Department for the issuance of a new bond, so that the liability under the former bond might be terminated. I have just been able to secure the necessary blanks and authorization to proceed. A bond in an amount at least 25% in excess of the value of the property is .required. As there is some fluctuation in value and some change in ,the amount of material from time to time, after conference with Major E. W. McCaskey, I recommend
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