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Caption: Board of Trustees Minutes - 1934
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19331 UNIVERSITY OF ILLINOIS 203 CHARLES GOURDIER MORTGAGE (6) A report from the Comptroller that Mrs. C. L. Steward, administratrix of the estate of Charles Gourdier, has requested a ninety-day extension on the payment of the interest, amounting to $275, which was due on March 1 on the farm mortgage of $10,000 given by Charles Gourdier and purchased by authority of the Board of Trustees on February 6, 1931. The trustee of the mortgage, Mr. H. S. Capron, has recommended that this request be granted. The mortgage is held in part as an investment of the Wallace Scholarship Fund, which must be invested in farm mortgages under the terms of the gift, and in part by our group investments. On motion of M r . Barr, this extension was authorized. COMMITTEE ON PRESIDENCY On motion of Mr. Blair, the President of the Board was requested to appoint a special committee of five members of the Board, to serve with himself, to consider the matter of selecting a successor to President Chase, and to make recommendations to the Board. President Barrett later appointed the following members to serve with him on this committee: M r . Williams, Mr. Barr, M r s . Hopkins, Dr. Meyer, Mr. Trees. FINANCIAL SITUATION AND BUDGET The President of the University made a statement concerning the financial situation of the University. On motion of Mr. Trees, the President of the Board was requested to appoint a special committee of three members of the Board, to study with President Chase the budget of the Chicago departments. President Barrett appointed the following members: Dr. Meyer, M r . Barr, Mrs. Hopkins. W O M A N ' S RESIDENCE HALL F U N D On motion of Mr. Armstrong, the balance of the W o m a n ' s Residence Hall fund as of September 1, 1932, was transferred to the Reserve and Contingent fund. C.P.A. FUND On motion of M r . A r m s t r o n g , the matter of the balance in the C.P.A. fund was referred to the Finance Committee for consideration and report at the next meeting of the Board. APRIL MEETING On motion of M r . Armstrong, it was voted to hold the April meeting at the University, in Urbana, at 10 o'clock a.m. on Tuesday, April 11, 1933. APPOINTMENTS MADE BY THE PRESIDENT The Secretary presented also for record a list of appointments made by the President of the University. Branner, Robbie Neeley, Anesthetist in the Dispensary, in the College of Medicine, for six months beginning March 1, 1933, at a cash compensation of one thousand seven hundred fifty dollars ($1,750). (February 27, 1933)1 Eder, Kurt, Microanalyst in the Department of Chemistry, for seven months beginning February 1, 1933, at a cash compensation at the rate of one hundred dollars ($100) a month. (February 27, 1933) 'The date in parenthesis is the date on which the appointment was made by the President of the University.
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