Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 927]

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924

BOARD OF TRUSTEES

[April 8

The faculty committee is elected by the University Senate, the general faculty of the University, which includes the deans of the colleges, directors of the schools, certain general administrative officers, heads of all departments of instruction, and all other members of the faculty of full professorial rank. 3. Alumni committee. The Board of Trustees, through its President or the Special Committee on the Selection of a President, also has invited the Alumni Association to participate in the deliberations preceding the selection of a President. The Alumni Committee is appointed by the President of the Alumni Association, with the advice of the Directors of the Association. President Livingston appointed the following Special Committee on the Selection of a President of the University: M r . Davis, Chairman, Mr. Fornof, Mr. Jensen, Dr. Luken, Dr. Meyer.

REPORT OF FINANCE COMMITTEE

Mr. Karraker, for the Finance Committee, requested authorization to purchase the following securities for investment of surplus cash in Student Loan F u n d s : $25,000 United States iy2% of 1948. On motion of Mr. Karraker, this investment was authorized as requested.

EXECUTIVE SESSION

T h e Board went into executive session to continue its consideration of matters presented by the President of the University.

AWARD OF CERTIFIED PUBLIC ACCOUNTANT CERTIFICATE

(19) The Committee on Accountancy recommends that Mr. Clarence Lee Cozad, 718 Echo Lane, Glenview, Illinois, who took the November, 1943, examination be awarded the certificate of Certified Public Accountant as of January 26, 1944. This is the date of all certificates issued to successful candidates in the November, 1943, examination. Mr. Cozad was not included in the list of candidates previously presented to the Board for certificates, but a review of his examination paper by the Board of Examiners has resulted in the revision of the grade in one phase of the examination which now makes him eligible for this certificate. O n motion of Mr. Jensen, this certificate was awarded as recommended.

ADJUSTMENT IN FREIGHT RATES PAID BY THE UNIVERSITY

(20) Last year the Board authorized proceedings before the Illinois Commerce Commission to obtain a reduction of freight rates paid by the University on coal purchased in the Danville area. Judge Sveinbjorn Johnson has been handling the matter for the University. He has submitted a report on the present status of these proceedings, in which he recommends that the Board retain the services of special counsel experienced in the technical aspects of freight rate litigation and that he be relieved of directing the proceedings from now on. Judge Johnson will, of course, cooperate in every possible way with such special counsel. O n motion of Mr. Davis, the use of the services of Mr. Nuel D. Belnap in this matter was authorized.

TITLE TO I 8 4 0 TAYLOR STREET, CHICAGO, AND VACATION OF ALLEY

(21) The Comptroller submits on behalf of Director Havens and himself a review of steps taken and suggestions offered with respect to securing title to 1840 Taylor Street, Chicago, and vacation of the alley adjoining that property and crossing the Chicago campus. (See Minutes of July 28, 1943, page 450; August 30, 1943, page 492; and December 18, 1943, page 795.) Instructions of the Board are requested on this matter.

The Comptroller presented this matter. On motion of Mr. Fornof, the actions of July 28, 1943 (page 450), and December 18, 1943 (page 795), were reconsidered and rescinded,