Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 142]

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1940]

UNIVERSITY OF ILLINOIS

139

2. Inability of the subcontractor on Formica in Cleveland, Ohio, to obtain cabinet workers. This has also resulted in the delay of other contractors. 3. Inability t o get sufficient carpenters locally to install either cabinet work or Formica to meet required progress schedule, due to the demand for such workmen on the construction under way in the United States Army Air Corps Technical School at Chanute Field, Rantoul, Illinois, which is approximately fifteen miles from Champaign-Urbana. 4. Errors in construction on built-in lighting fixtures, the correction of which has delayed the work of other contractors. 5. Failure to secure the delivery of finished hardware not only delayed this phase of the project but also the work of other contractors; and Whereas, on the basis of the best information available, it appears t h a t an additional six weeks should be allowed for the completion of this building; Now, therefore, be it resolved, that the Board of Trustees of the University of Illinois requests the Federal Works Agency to extend the time for the completion of this project to January 13, 1941.

Director Havens commented on this matter. On motion of Mrs. Plumb, this resolution was adopted, by the following vote: Aye, Mr. Cleary, Mr. Davis, Mr. Jensen, Mr. Mayer, Dr. Meyer, Mrs. Plumb, Mr. Pogue; no, none; absent, Mr. Adams, Mr. Karraker, Mr. Stelle, Mr. Wieland.

JOINT MEETING W I T H BOARD OF DIRECTORS OF THE ATHLETIC ASSOCIATION (9) Several months ago the President of the Board of Directors of the Athletic Association suggested t h a t it would be desirable to have a joint meeting with the Board of Trustees for the discussion of matters of mutual interest to the two bodies and t h a t possibly December would be a convenient time for this. Accordingly and on the authorization of the President of the Board of Trustees, the Board of Directors of the Athletic Association has been invited to meet with this body today a t 12:30 o'clock.

All the members of the Board of Directors were introduced: Mr. M. M. Olander, President, Dean C. M. Thompson, Professors F. E. Richart, George W. Goble, and Wendell S. Wilson; Mr. Harry Hall, and Mr. Robert Z. Hickman; also Mr. C. E. Bowen, Secretary and Business Manager, and Professor S. C. Staley, Director of the School of Physical Education. On request of President Pogue, Mr. Olander presented a longtime plan for the expansion of athletic and sports facilities for all students. Professors Richart, Wilson, and Staley commented on several features of the program.

INVESTMENT OF E N D O W M E N T F U N D S

At this point, Mr. Mayer, for the Finance Committee, reported that the Committee had authorized the purchase of $3,000 Holly Sugar Company 1st Mortgage 4's of 1947, at 103}^, and recommended additional purchases of this security up to ?io,ooo, as investment of endowment funds. On motion of Mr. Mayer, this purchase was approved and authorized as recommended. EMPLOYMENT OF ARTHUR ANDERSEN & CO. Mr. Mayer reported also, for the Finance Committee, a recommendation that Arthur Andersen & Co. be employed to examine the ac-