Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 483]

EXTRACTED TEXT FROM PAGE:

1935]

UNIVERSITY OF ILLINOIS

48l $179.89 15.88 5.75 41.09 581.80

Senate Committee Student Loan Fund Military Bands Revolving Stadium Fund Creamery Petty Cash Fund Business Office Petty Cash Fund This report was received for record.

REPORT ON LEGISLATION INTRODUCED IN THE GENERAL ASSEMBLY AT REQUEST OF THE UNIVERSITY

(25) A report of the introduction in the first special session of the 59th General Assembly of Senate Bill 34 reappropriating to the University of Illinois Federal funds payable into the State Treasury during the current fiscal biennium under an act of Congress approved June 29, 1935, and House Bill 60 transferring the title of the land on which the University plans to erect the second unit of the Medical and Dental College Laboratories Building to the Board of Trustees. A letter explaining the purpose of this legislation has been sent to each member of the General Assembly. This report was received for record.

SETTLEMENT W I T H MARY E. COONS OF STUDENT LOAN

(26) A report from the Comptroller that Miss Mary E. Coons, who was granted a student loan of $100 in February, 1931, has become permanently disabled and the guarantor of her note has died. The heirs of the guarantor request that the University accept settlement on the basis of 50 per cent, provided other creditors will agree to the same arrangement. Interest on the loan will be paid to the date of settlement. If settlement is forced on the guarantor's debts, there will not be sufficient funds to pay one-half of her indebtedness. Under the circumstances the Comptroller recommends that the request be granted and that he be authorized to cancel the note on the receipt of the payment of 50 per cent, plus interest, with the understanding that other creditors will accept a similar settlement. On motion of Mayer, this settlement was authorized.

NOTICE OF TERMINATION OF LEASE TO GOODWILL INDUSTRIES

On motion of M r s . Freeman, the President of the University was authorized to notify the Goodwill Industries, Inc., of the intention of the University to terminate in six months the lease for the use of the old Medical Building.

REPORT OF CONTRACTS

The Secretary reported for record the following contracts executed by the President and the Secretary of the B o a r d : Name Date Tenure Amount Purpose American Society of Nov. 6, 1935 3 years $5400 Establishing a Heating and Ventilating fellowship for Engineers the purpose of cooperative research in the field of air conditioning Purpose Price Name Date Tilton Mining Company October 29,1935 5,000 tons coal $1.20 at mine Oakwood Coal Company October 28,1935 8,000 tons coal 1.80 delive red Claude Grant October 17,1935 2,000 tons coal 1.50 delivered Dewey Largent October 16,1935 2,000 tons coal 1.50 delivered M. M. LeBaugh October 15,1935 3,500 tons coal 1.50 delivered Washington Martin October 16,1935 1,000 tons coal 1.50 delivered Harrison Matthews October 18,1935 3,000 tons coal 1.50 delivered T. C. Ward October 15,1935 1,000 tons coal 1.50 delivered V. V. Wolf October 15,1935 7,500 tons coal 1.50 delivered