Repository: UIHistories Project: Board of Trustees Minutes - 1932 [PAGE 76]

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74

board of trustees

[September 17

3. From the Chicago Century of Progress Committee, $1,000 forfieldwork in Illinois archaeology. 4. From the Smithsonian Institution, $1,000 as a contribution toward the University's archaeological explorations. 5. From Mr. Julian P. Lippincott of Berkeley, California, two original letters written by Samuel A d a m s to Jonathan Turner in 1852, together with photographs of M r . and Mrs. Turner, 6. From the Western Brick Company of Danville, $1,000 for a continuation of the cooperative investigation of concrete made with light aggregate, which this company has been financing. 7. From the Standard Oil Company (Indiana), $i,aoo for a continuation of the research work on the nature of detonation in internal combustion engines. 8. From the American Concrete Institution, $1,500 for the investigation of reinforced concrete columns. The original gift, accepted by the Board on February 5, 1930 (page 509), calls for the payment of $5,000 in cash and materials, and the present remittance will increase it to $5,500 cash. T h i s report w a s received for record. INAUGURATION OF PRESIDENT CHASE O n motion of Mr. Blair, the President of the Board was requested to appoint a special committee offivemembers of the Board to represent the Board in connection with the inauguration of President Chase. REPORT OF THE BUILDINGS AND GROUNDS COMMITTEE M r . .Armstrong presented the following report of the Buildings and Grounds Committee, to w h o m was referred the question of certain property rights along the street known as Maple Avenue. Your committee held a meeting beginning at ten o'clock in the morning of September 16, 1930, there being present Chairman James W . Armstrong, Dr. W . L. Noble, also Professor James M . White, Mr. W . T. Fisher, and Mr. R. E. Winklemann, City Attorney of the City of Urbana. The problems involved were given as much consideration as the time would permit and we are n o w pleased to report as follows: The committee reports with reference to the street known as Maple Avenue, extending from Lincoln Avenue on the east and Fourth Street on the west, that after making a thorough investigation of the records, it is convinced that there is no evidence of the dedication of this strip of land for use as a public highway. W e recommend that the Legal Counsel of the University take such immediate steps as he shallfindnecessary to protect the interests of the University in its claims arising out of the filing of the plat of the Gallivan Addition to the City of Urbana in so far as said Addition encroaches upon University property. W e also recommend that the Legal Counsel of the University take such steps, employing such engineering service as m a y be deemed necessary, to definitely establish the property lines in controversy. J. W. Armstrong W. L. Noble Merle J. Trees On motion of Mr. Armstrong, this report was adopted. INVESTMENT OF TRUST FUNDS Mr. Trees, for the Finance Committee, presented a recommendation that $2,200 of uninvested trust funds be invested i n — Wisconsin-Minnesota Light and Power Company, First and Refunding 5s, due 1944, price 102 and interest, yielding 4.78 per cent. Utah Power and Light Company, 5s, due 1944, priced at the market, about 102 and interest, yielding about 4.77 per cent. O n m o t i o n of M r . Trees, the Treasurer w a s authorized to invest this f u n d in either (or b o t h ) of these securities.