| |
| |
Caption: Board of Trustees Minutes - 1926
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1925] UNIVERSITY OF ILLINOIS 49S ADDITIONAL ASSISTANTS IN POLITICAL SCIENCE A N D SOCIOLOGY (10) The Acting Dean of the College of Liberal Arts and Sciences found it necessary to authorize the employment of extra assistants in political science and sociology on a temporary basis, and requests authority to pay their salaries from the Contingent Fund of the College of Liberal Arts and Sciences to the amount of $120. O n motion of M r . Barr, these payments were authorized. SALARIES OF INSTRUCTORS DURING ILLNESS (il) A statement of the procedure in paying the salaries of members of the staff during illness, with a request for instructions in case the Board desired any change in the procedure. N o objection w a s m a d e to the present procedure. SALE OF PARR PROCESS Mr. Armstrong, for the special committee on the sale of the University's rights in the Parr-Layng coking process, reported for record that the following contract had been executed on December 9, 1925. THIS M E M O R A N D U M OF AGREEMENT made t i 9th day of December, hs 1925, by and between The Board of Trustees of The University of Illinois, a corporation organized and existing under and by virtue of the laws of the State of Illinois, hereinafter called The Board, and Urbana Coke Corporation, a corporation organized and existing under and by virtue of the laws of the State of Delaware, hereinafter called Urbana Coke, W I T N E S S E T H : That W H E R E A S , The Board i the owner by assignment of Letters Patent of the s United States, No. 1458,964, issued June 19, 1923, in the name of A. H. BailleBarrelle, and of all rights in, to and under the same, including all rights of recovery for past infringements, i any, and f W H E R E A S , The Board is the owner of applications for Letters Patent of the United States as follows, to wit: Samuel W . Parr and Thomas E. Layng, Serial No. 260,541,filedOctober 31, 1918, (renewed September 21, 1923) entitled "Coking Coal" Samuel W . Parr and Thomas E. Layng, Serial No. 5499,filedJanuary 29, 1925, entitled "Process and Apparatus for Coking Coal" Samuel W . Parr and Thomas E. Layng, Serial No. 18743,filedMarch 27, 1925, entitled "Process and Apparatus for Coking Coal" Samuel W . Parr and Thomas E. Layng, Serial No. 4693 5,filedJuly 30, 1925, entitled "Process and Apparatus for Coking Coal" Samuel W . Parr and Thomas E. Layng, executed December 9th, 1925, entitled "Process and Apparatus for Coking Coal" W H E R E A S , The Board may now be entitled to, or subsequently may become entitled to United States patent rights to inventions constituting improvements in the inventions embraced in said patent and applications, and W H E R E A S , The Board has paid or will pay all obligations to date arising out of research work on the coking of coal, carried out at the University of Illinois, excepting the unpaid patent attorney charges, which on the date hereof amount to $8025.36, and excepting such further obligation or equity, i any, as may have f arisen because of the contribution of $16,000 which Mr. A. T. Hert, deceased, made to The Board some years ago. N O W , T H E R E F O R E , in consideration of the premises and mutual covenants and agreements hereinafter recited, and the payment and delivery to The Board of Fifty thousand ($50,000.00) Dollars par value of the preferred stock of Urbana Coke, receipt of which i hereby acknowledged, i is covenanted and agreed between s t the parties hereto as follows:
| |
