Caption: Board of Trustees Minutes - 1970
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
372 BOARD OF TRUSTEES [April 9 T h e Vice President and Comptroller recommends the contract be awarded to H . R. Bresee & Co., Champaign, Illinois, as agent for the American Casualty Company of Reading, Pennsylvania, the low bidder, at the following monthly rates for the four optional amounts of insurance. Amounts of Insurance Premium per Month (Current Premium) $10 000 $ .42 42 $25 000 $1.15 1.17 $50 000 $2.30 2.73 $100 000 $ 4.60 6.27 The policy will provide coverage for all forms of travel, including air travel as a passenger in any licensed aircraft. I concur, On motion of Mr. Pogue, this recommendation was approved. PURCHASES (22) The President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President and Comptroller; also two purchases authorized by the President. The list of purchases was presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants from corporations and other donors, and University revolving funds authorized by law. The total amounts of these purchases were: From Appropriated Recommended From Institutional Authorized Recommended Total Grand Total Funds $201 746 37 Funds 28 566 $594 $796 000 843 843 589 00 40 40 77 A complete list of the purchases with supporting information, including the quotations received, was sent to each member of the Board in advance of the meeting, and a copy is being filed with the Secretary of the Board for record. O n m o t i o n of M r . C l e m e n t , t h e p u r c h a s e s a u t h o r i z e d b y t h e P r e s i dent were approved, and the purchases recommended were authorized. COMPTROLLER'S REPORT OF PURCHASES APPROVED (23) The Vice President and Comptroller also submitted a report of purchases approved by him on recommendation of the Directors of Purchases in amounts of $5,000 to $7,500. A copy of this report is filed with the Secretary. This report was received for record. COMPTROLLER'S MONTHLY REPORT OF CONTRACTS EXECUTED (24) The Comptroller's monthly report of contracts executed was presented. Chicago Circle Change With Whom Fries Walters Company Total Chicago Circle Orders Amount to be Paid by the University $ 5 600 J 5 600 Purpose Cost-plus contract — Electrical work on utilities system
| 
