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Caption: Board of Trustees Minutes - 1958 This is a reduced-resolution page image for fast online browsing.
![](https://uihistories.library.illinois.edu/REPOSITORYCACHE/174/435Ds1cyOCRoK44Q510B287nn7H06v4V9wc2mgv73fNX2rxJzOn3n52ya8x2o3PDg39T5pc59Fbs60KCTv0CFu2uarVs3hs2E9x4MpoyVjY_9593-907.jpg)
EXTRACTED TEXT FROM PAGE:
i957l UNIVERSITY OF ILLINOIS 905 with the highway, was subject to approval by the Executive Committee upon satisfying itself that the price to be paid the University is a fair valuation, and that adequate provisions will be made for permanent roadway and temporary access to the University's property during the period of construction. The Toll Highway Commission has agreed to pay the Morton Arboretum $340 for the portion of the University land which the Commission will acquire, and the trustees of the Morton Arboretum are willing to pay this same sum to the University. Accordingly, the resolution adopted by the Board on June 20 authorizing the conveyance of this land has been amended to specify this price instead of the $274.50 originally specified. The University has received assurance from the State Toll Highway Commission that both temporary and permanent access to the D r u g and Horticultural Experiment Station from Ogden Avenue will be provided. The Executive Committee has authorized the conveyance of this property. This report was received for record. SALE OF SECURITIES Mr. Swain, for the Finance Committee, offered the following resolution, and moved its adoption: WHEREAS, the Board of Trustees of the University of Illinois is the owner of the following stocks: 8 shares Burlington Industries 4 per cent Pfd. 8 shares El Paso Natural Gas 4.10 per cent Pfd. I share Hammermill Paper 4% per cent Pfd. 6 shares Household Finance 3 ^ per cent Pfd. 9 shares Marshall Field & Co. 4% per cent Pfd. I share Montgomery W a r d $7 Class A Common 1 share National Cylinder Gas 4J/i per cent Pfd. 2 shares Virginia Electric & Power $5 Pfd. 29 shares American Tobacco Common 26 shares Swift & Co. Common 16 shares J. C. Penney Common 45 shares Commonwealth Edison Common 13 shares Northern Illinois Gas Co. Common 12 shares Public Service Co. of Indiana Common and, the Finance Committee of said Board has determined that it is advantageous to sell the above listed securities, Now therefore be it resolved by the Board of Trustees of the University of Illinois that these securties be sold and that H . O. Farber, Comptroller, and A. J. Janata, Secretary, be authorized to execute all documents necessary to complete such sale. This resolution was adopted. EMPLOYMENT OF ARCHITECTS Mr. Williamson, Chairman of the Committee on Buildings and Grounds, reported that the Committee at a meeting held on September 19, 1957, received reports and recommendations from the Director of the Physical Plant Department and the President of the University for the employment of architects as follows: Art Museum Ambrose M. Richardson and Associates, Champaign, for the design work only, on the basis of actual cost of services of personnel employed on this phase of the work and office expenses, plus 75 per cent of said cost as commission, but not to exceed a maximum payment of $4000; Mittlebusher and Tourtelot, Chicago, for the remainder of the professional architectural services at a fee of 5 per cent of construction contracts. Institute of Labor and Industrial Relations Building Graham, Anderson, Probst, and White, Chicago, at a fee of 6 per cent of construction costs.
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