Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 726]

EXTRACTED TEXT FROM PAGE:

19431

UNIVERSITY OF ILLINOIS

723

On motion of Mr. Jensen, the action of the President of the University in making this appointment was approved and confirmed. Charles H . Booth Estate (9) On June 19, 1943 (Minutes, page 399), the Board of Trustees authorized the sale of the Charles H . Booth farm in Knox County at not less than $100 an acre, and the College of Agriculture was authorized to negotiate for the sale of this land. In these negotiations the Dean of the College of Agriculture and Director of the Agricultural Experiment Station has been working with Mr. Frank H. McKelvey of the Board. T h e Dean reports that he h a s negotiated for the sale of this property to Fred W. Nichols for $28,200 subject to a commission of $700 to be paid Mr. A. J. Cline, Realtor, 428 Bank of Galesburg Building, Galesburg, Illinois, who has been representing the University in finding a buyer. T h e possession of the farm will go to Mr. Nichols on March 1, 1944. T h e University will receive a net cash payment of $27,500 plus the landlord's share of the 1943 crops. T h e University has accepted a down payment of $2,000 from Mr. Nichols and this has been deposited in the Bursar's Office. When all of this money is available the Finance Committee will be advised so that it may recommend a suitable investment. Further recommendations will be made to the Board for the use of the income from this fund. This report was received for record. Authority to Confer Degrees (10) I request authority to confer degrees on October 3 on such candidates as may be certified by the University Senate as having completed t h e requirements for graduation during the semester just ended. On motion of Mr. Jensen, this authority was granted. The Executive Committee adjourned.

H. E. CUNNINGHAM Clerk PARK LIVINGSTON, CHESTER R. D A V I S FRANK A. JENSEN Chairman

MEETING O F T H E EXECUTIVE

OCTOBER 19, 1943

COMMITTEE

A meeting of the Executive Committee of the Board of Trustees of the University of Illinois was held at the University Club, 76 East Monroe Street, Chicago, at 3 p.m. on Tuesday, October 19, 1943. All the members of the Committee were present: Mr. P a r k Livingston, Chairman, Mr. Chester R. Davis, and Mr. Frank A. Jensen; also Mr. Lloyd Morey, Comptroller, Mr. H . E. Cunningham, Secretary, Mr. Newton C. Farr, negotiator, Mr. William C. Knoepfle, Airport Engineer, and Mr. Amos H . W a t t s and Mr. Spencer LeRoy, of Chapman and Cutler. Purchase of Land for Airport Mr. Farr reported on the negotiations for the purchase of land for the University airport, and presented contracts, prepared by Chapman and Cutler, covering the following purchases: Eliza J. Hall, D r . Clair B. Hall, Clifford R. Hall, George E. Hall, and Eulalia H . Vinson, 180 acres—The Southeast Quarter ( S E J 4 ) and the East Half (Eyi) of the Northeast Quarter ( N E J 4 ) of the Southwest Quarter (SWJ4) of Section Three (3) Township Eighteen (18) North, Range Eight (8) East of the Third Principal Meridian, situated in the County of Champaign, in the State of Illinois. Acre price, $310; total, $55,800; sellers to pay 1943 taxes; University to pay title expenses and attorneys fees up to $250, and revenue stamps, $61.60. Earnest payment, $5,580; balance on approval of title and delivery of deed. Thomas McMahon and Mary A. McMahon, 22.57 acres—The South Six Hundred Sixty (660) feet of that part of the Northwest Quarter ( N W J 4 )