Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 469]

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466

BOARD OF TRUSTEES

[April 19

On motion of Mr. Johnston, the foregoing recommendations were approved by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr Harewood, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. WUkins, Mr. Williamson; no, none; absent, Mr. Kemer. Resolution WHEREAS, Paul A. Tangora and Arlene M. Tangora, his wife, of Cham. paign, Illinois, hereinafter termed "Purchasers," have offered to purchase the hereinafter-described property, upon the terms and conditions hereinafter stt forth: Now, Therefore, Be II and If Hereby Is Resolved, by this Board of Trustees of The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the Comptroller and Secretary of this Corporation be and they hereby are, authorized and directed, in the name, andin behalf of, this Corporation to enteT into an agreement with Purchasers providing for the sale and conveyance to Purchasers of the hereinafter-described property upon the following terms and conditions: At a sale price of 521,000, with customary adjustments to be made therein for abstracting and closing costs; This Corporation to furnish Purchasers a merchantable Abstract of Title and to pay for the required Federal Documentary Tax Stamps; Possession to be delivered to Purchasers at the lime final payment is made, which shall be uot later than July 1, 1961, but subject to the rights of the DX Sunray Oil Company under the lease entered into between it and thk Corporation under date of January 1, 1961, which lease expires January 1 1966; Purchase price to be paid in full at the time of delivery of the deed and possession; Title to be conveyed to be subject to the lease entered into with DX Sunray Oil Company under date of January 1, 1961, and which said lease shall lie assigned by this Corporation to Purchasers at the time title is conveyed; Such other terms and conditions as said Comptroller and Secretary may deem necessary or desirable. It Hereby Is Further Resolved that upon compliance with the terms of said agreement by Purchasers, and in accordance with the terms thereof, said Comptroller and Secretary be, and they hereby are, authorized and directed, to execute, acknowledge, and deliver, in the name, and in behalf of, this Corporation, and under its Corporate Seal, a Warranty Deed and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to Purchasers, not in tenancy in common, but in joint tenancy, title to the following-described property, vi2: Lot One Hundred Four (104) of a Subdivision of the South part of Lot One (1) of the Southwest Quarter of Section Seven (7), Township Nineteen (19) North, Range Nine (9) East of the Third Principal Meridian, in the City of Champaign, in the County of Champaign, and State of Illinois. On motion of Mr. Johnston, this resolution was adopted by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Harewood, Mr, Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, MrWilkins, Mr. Williamson; no, none; absent, Mr. Kerner. OPEN MEETING A telephone call was received from Mrs. Florence Scala, 1030 West Taylor Street, Chicago, and Miss Jessie Binford, a resident of Hull House, representing a "Harrison-Halsted Group," requesting a hearing by the Board of Trustees. On motion of Mr. Swain, this request was granted, and the Board reconvened in open meeting.