Repository: UIHistories Project: Board of Trustees Minutes - 1926 [PAGE 192]

EXTRACTED TEXT FROM PAGE:

1925]

UNIVERSITY OF ILLINOIS

189

The Committee voted unanimously to recommend to the Board that the Comptroller be directed to make this investment and to set up a reserve out of the income from this investment sufficient to amortize the premium by maturity. Lloyd Morey Secretary On motion of Mr. Blair, these recommendations were adopted. COOK COUNTY EXPERIMENT STATION (7) The Comptroller makes the following report concerning the purchase of land for the Cook County Experiment Station, in accordance with the action of the Board of Trustees on December 13, 1924, and the action of the Executive Committee on January 14, 1925. February 23, 1925 President David Kinley, University of Illinois M y Dear President Kinley: I beg to advise that in accordance with m y memorandum of February 23, 1925, which you approved, and in accordance with the direction of the President and the Secretary of the Board of Trustees by action of the Board of Trustees on December 13, 1924,1 have concluded the purchase of the South half of the West half of the West half of the North West quarter of Section 29, T. 41 N., R. 12, E. of 3rd P. M., consisting of ao acres, in Cook County, Illinois, from Louis Nebel at a purchase price of $16,000 paid from the State Appropriation for the Cook County Experiment Station. I am having the deedfiledfor record, the abstract brought down to date showing title in the Board of Trustees and am taking steps to secure the exemption of this property from further levy of general property taxes. Very truly yours, Lloyd Morey Comptroller This report was received f r record. o At this point, Mr. Blair withdrew. DIRECTORS OF THE ATHLETIC ASSOCIATION (8) In accordance with the regulations of the Athletic Association which provide that the Board of Directors shall consist offivemembers to be elected annually by the Board of Trustees at their March meeting on recommendation of the President of the University, three from the faculty, one of them to be the Head of the Department of Physical Education, and two from the membership of the Alumni Association, I hereby recommend the appointment of the following as the Board of Directors of the Athletic Association for the ensuing year: Mr. George A. Huff P o e s r George A. Goodenodgh rfso. Ms. Edgene I. Borke of Champaign Mr. John H. Powers of D c t r eau Jodge O. A. Harrer On motion of Mr- Armstrong, these directors were appointed. LEASE OF CARTER-PENNELL TRUST FARM (9) Dean H. W . Mumford recommends renewal, with certain modifications, of the lease of one of the Carter-Pennell Trust farms (about 104 acres of the N . E. y^ section II, and about 89 acres of the N. side of the N. W . % section 12), which was approved by the Board of Trustees on March 11, 1924, page 429. I concur in this recommendation and recommend further that the Comptroller and Secretary of the Board sign the copies of the lease submitted herewith, and that they be authorized to sign leases of a similar character in the future. O n motion of M r . A r m s t r o n g , these recommendations were adopted.