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Caption: Board of Trustees Minutes - 1926
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1924] UNIVERSITY OF ILLINOIS MEMORIAL STADIUM FUND STATEMENT OF RECEIPTS AND DISBURSEMENTS BY MONTHS, 1914-25 Total July and June 30, August September, 1014 1024 1034 87 Total September so, 1024 Receipts Pledges and Donations ?l 171 3SI 74 3 48 999 *S 3 3* 1*1 03 3' 252 5H 02 Leu Refunds 479 95 11; 00 594 95 Net (1 170 871 79) (4888425) (3116103) (125191707) Interest on Pledges 155144 179 41 159 59 189044 Interest on Investments 17 390 79 17 390 79 Borrowed Money 7500000 0000000 10 000 00 17500000 Total Receipts 1 264 814 02 139 063 66 42 320 62 1 446 198 30 Disbursements Collection and Office Expense 1 149 76 2 545 21 779 39 4 474 36 Construction Expense I 258 091 67 122 725 99 24 451 00 I 405 268 66 Interest (on Investments Purchased) 118634 I 186 34 Payments on Borrowed Money.... 2 379 62 2 379 62 Total Disbursements 1 262 807 39 125 271 20 25 230 39 I 413 308 98 Balance 3 200663 $ 1379246 $1709023? 3288932 This report was received for record. BAKER PRIZE FUND SECURITIES (17) A company, some of whose securities were included in the gift of Professor I. O. Baker to establish a prize fund for engineering students, is now in the hands of a receiver. The Comptroller, M r . Morey, requests that the Comptroller and Secretary of the Board be authorized to enter into an agreement of stock-holders for and in behalf of the Board and to take other necessary steps in the premises. I recommend that Mr. Morey's request be approved and that the authority requested be given him and the Secretary of the Board. On motion of Mr. Trimble, this recommendation was approved. EMPLOYMENT OF PATENT ATTORNEY (18) A recommendation that the President of the University be empowered to instruct the Committee on Patents, of which Professor White is chairman, to secure the services of a patent attorney when needed, within the appropriation made for patents by the Board. On motion of Mr. Trimble, this recommendation was adopted. CONTRACT FOR LOT 86, COLLEGE PLACE (19) According to the contract made between the University and Miss Fanny B. Sherfy for the purchase of lot 86, College Place, Champaign (see Minutes, March 13, 1924) the deed was to be given by Miss Sherfy on October 15, 1924. Miss Sherfy's attorney, M r . Walter B. Riley, has written the Comptroller that Miss Sherfy will be unable to deliver the deed for something like twelve months because of a delay in beginning administrative proceedings on the estate of the other party who has an undivided half interest in the lot. I recommend that the contract be extended for one year, or such period of about that length, as may be necessary for the owner to perfect the title. On motion of Mrs. Ickes, this recommendation was approved. WITHDRAWAL OF PROPERTY BY WAR DEPARTMENT (20) Some days ago Colonel W. T. Merry, Professor of Military Science and Tactics, informed m e that he had received instructions, or a request, both from the Adjutant General of the State of Illinois and from the Commandant of the 6th Corps Area, to turn over to the National Guard certain of our motor vehicles assigned by the W a r Department to the University for purposes of or request until theImatter had Colonel Merry to decline to comply with the order its military work. instructed
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