Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 752]

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1943]

UNIVERSITY OF ILLINOIS

749

AGREEMENT WITH COPPER AND BRASS RESEARCH ASSOCIATION FOR COOPERATIVE INVESTIGATION (3) The Director of the Engineering Experiment Station recommends authorization of an agreement with the Copper and Brass Research Association for a cooperative investigation of corrosion in brass and copper pipe for plumbing by the Engineering Experiment Station. T h e agreement is drawn for the period of one year, beginning November 1, 1943, with provisions for its extension upon mutual consent, and the Association agrees to pay the University $2,000 to cover the expenses. The agreement conforms to the policy and regulations of the Board of Trustees governing research sponsored by outside agencies with the exception of the provision relating to patents. In this case the Association has asked for a modification of the contract to provide that in case of a patentable discovery a royalty-free, non-exclusive license will be issued by the University to the members of the Association. Those in charge of the research project advise that it is highly improbable that any patentable discovery will result during the course of the research. The Director of the Station recommends that this change in the agreement be accepted by the University. I concur in the recommendation.

On motion of Mrs. Grigsby, this agreement was authorized with the modification recommended.

C O R R E C T I O N O F T I T L E IN B O O T H ESTATE

(4) The University has sold the farm bequeathed to it under the will of Mr. Charles H . Booth of Galesburg. The executor for the Booth estate has advised the University that the attorneys examining the abstract of title find a flaw which in their opinion necessitates an action to interpret the will and quiet title before they can advise the purchaser to accept a deed to the property. The flaw consists of the fact that in his will Mr. Booth designated the beneficiary as the "Agricultural College of the State of Illinois" and attorneys for the purchaser do not think that the devisee thus named can be regarded as the University of Illinois or the Board of Trustees of the University of Illinois without a decree of court. I recommend that the executor of the estate, Mr. A. J. Boutelle of Galesburg, be authorized to handle the matter locally with whatever assistance he may need from officers of the University. It is possible that an affidavit from University officials setting forth the pertinent facts will be accepted by the counsellor for the purchase of the land.

On motion of Mr. Karraker, this recommendation was adopted.

QUARTERLY REPORT OF THE COMPTROLLER

(5) In accordance with the provisions of the University Statutes, the Comptroller submits his Quarterly Report for September 30, 1943.

This report was referred to the Finance Committee for consideration and report.

EXCHANGE OF CHICAGO ILLINI UNION BUILDING BONDS (6) The Board of Trustees on August 31, 1943 (Minutes, page 503), authorized the Executive Committee to consider and act on a proposal from Northwestern Mutual Life Insurance Company for the exchange of Chicago Mini Union Building zVi% bonds of the University of Illinois Foundation for new 3z/i% bonds of the Board of Trustees. As indicated in the minutes of the Executive Committee (page 718), that Committee voted to accept this proposal. T h e Comptroller submits and requests adoption of "A Resolution Authorizing and Providing for the Issue of $109,000 Student-Faculty Union Building Revenue Bonds of the University of Illinois." This resolution was prepared by Judge Johnson and has been approved by the legal staff of Northwestern Mutual Life Insurance Company arid by the First National Bank of Chicago, the depository.

On motion of Mr. Karraker, this resolution was adopted, by the following vote: Aye, Mr. Davis, Mr. Fornof, Mrs. Grigsby, Mr. Kar-