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Caption: Board of Trustees Minutes - 1936
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638 BOARD OF TRUSTEES [April 18 INSURANCE ON BUILDINGS IN CHICAGO (46) On June 15, 1935, the Board of Trustees directed that insurance be carried on all non-fireproof University buildings in Chicago. T h e following insurance is now in force, the premiums indicated being based on five-year policies: Amount of policy $ 11 000 13 11 13 24 24 24 $120 000 000 000 000 000 000 000 600 600 600 600 600 Dental Building Expiration date May 1, 1936 May 1, 1936 May 1, 1937 May 1, 1937 May 1, 1938 May 1, 1939 May 1, 1940 May May May May May 1, 1, 1, i, 1, 1936 1937 1938 1939 1940 Premium, $ 88 104 88 104 192 192 182 $210 210 212 212 202 $1 049 ? 72 64 5" $192 00 00 00 00 00 00 40 80 80 80 80 16 36 00 00 00 00 $95° 40 Medical Building. $ 26 26 26 26 26 $ 1 3 3 000 Pharmacy, 721-25 S. Wood St. J 9 8 7 J 24 000 000 000 000 October 26, 1936 November 2, 1937 November 18, 1936 December 16, 1936 December 16, 1936 June 1, 1938 Pharmacy, 701-11 S. Wood St. $ 45 000 10 0 0 0 $100 OOO 45 °oo ?337 5° 337 50 75 00 ?75° °° T h e Director of the Physical Plant Department recommends that in view of the construction of the second unit of the Medical and Dental College Laboratories Building, and the condition of the building of the College of Pharmacy known as the Bakers Building, the Board reconsider the policy established by its action of June 15, 1935. He recommends further that: 1. T h e policies on the Dental Building be not renewed as they expire, thus gradually reducing the valuation of this building. 2. T h e insurance on the old Medical Building be cancelled. 3. An appraisal of the College of Pharmacy buildings at 701-711 and 721725 South Wood Street be secured from the insurance companies to determine what valuation they would be willing to place on them, and that the insurance coverage be revised accordingly. T h e condition of these buildings raises the question whether the present valuation of these buildings is too high and consequently the possibility of collecting the face value of the insurance in case of complete fire loss. If the Board is not prepared to act on these proposals at this meeting, I recommend that they be referred to the Committee on Buildings and Grounds with power to act. On motion of M r . Barr, this recommendation w a s adopted. SALE OF ROSELAWN CEMETERY (47) On June 10, 1930 (Minutes, page 607), the Board of Trustees authorized the purchase of all available lots in Roselawn Cemetery to prevent, so far as possible, further burials therein, and looking toward the ultimate removal of this and the adjoining Mount Hope Cemetery to make room for the expansion of the University. It appears that the possibility of removing these cemeteries is so extremely remote that they must be looked upon as more or less permanently fixed in their present location. It would seem that the only concern
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