Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 505]

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502

BOARD OF TRUSTEES

[ A u g U S t 31

predicated on the withdrawal of Attorney General from the suits now pending or his consent to said stipulation. 7. Executors of H a r r y G. W r i g h t Estate were present and indicated no objections to the terms proposed. 8. This understanding is subject to the approval of the proper courts.

A. C. WILLARD P . T. W R I G H T CHESTER R. D A V I S M. G. L U K E N P A R K LIVINGSTON S. JOHNSON

Witness:

H . E. CUNNINGHAM

H.

MCGURREN

H . D. F I S K R. F . MCCORMICK

T h e committee recommends the acceptance of this settlement, to be covered in a final contract to be drawn by the University Counsel, and that the President and the Secretary of the Board be authorized to execute such contract on behalf of the University of Illinois. T h e Committee adjourned at 10:30 p.m.

H. E. CUNNINGHAM, Clerk CHESTER R. D A V I S M A R T I N G. L U K E N

On motion of Mr. Davis, the report was approved and adopted, and the President and the Secretary were authorized to execute the agreement with Mr. Posie T. Wright, relative to the settlement, by the following vote: Aye, Mr. Davis, Mr. Fornof, Mrs. Grigsby, Mr. Jensen, Mr. Livingston, Dr. Luken, Mr. McKelvey, Dr. Meyer, Mr. Nickell; no, none; absent, Mr. Green, Mr. Karraker. On motion of Mr. Davis, Judge Johnson was requested to handle the legal matters connected with the settlement, and the selection of the land was referred to the Committee on Agriculture, with power to act.

BUDGET FOR 1 9 4 3 - 1 9 4 4 (8) T h e University budget for the fiscal year beginning July 1, 1943, and the academic year beginning September I, 1943, is submitted herewith (see page 557). I recommend: 1. T h a t this budget covering the allocation of the University's income from all sources be approved. 2. T h a t the President of the University be authorized ( a ) to make such changes and adjustments as are needed, ( b ) to make such additional appointments as are necessary, and (c) to accept resignations as are offered, in accordance with the needs of the University and the equitable interests involved, within the total income, all such changes to be covered in the Comptroller's quarterly reports. 3. That the Executive Committee of the Board be authorized to make appropriations from the General Reserve Fund and such other adjustments in the budget as may be needed from time to time whenever such action is necessary in the absence of a quorum of the Board.

The Comptroller presented a detailed summary of the budget. On motion of Mr. Jensen, the budget was approved and authority was granted to the President of the University and to the Executive Committee as recommended, by the following vote: Aye, Mr. Davis, Mr. Fornof, Mrs. Grigsby, Mr. Jensen, Mr. Livingston, Dr. Luken, Mr. McKelvey, Dr. Meyer, Mr. Nickell; no, none; absent, Mr. Green, Mr. Karraker.

BUDGET OF THE ATHLETIC ASSOCIATION (9) T h e Board of Directors of the Athletic Association submits the proposed budget for 1943-1944, showing an estimated income of $220,785 and estimated