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Caption: Board of Trustees Minutes - 1974 Version B This is a reduced-resolution page image for fast online browsing.
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EXTRACTED TEXT FROM PAGE:
168 BOARD OF TRUSTEES [February 21 Microprobe—Charles D. Hendricks, Jr., Professor of Electrical and Nuclear Engineering, Urbana-Champaign, and Charles A. Evans, Jr., Senior Research Chemist tn the Materials Research Laboratory, Urbana-Champaign, inventors; developed under the sponsorship of the Advanced Research Projects Agency. University Patents, Inc., states that a patent application would not be commercially feasible; however, the inventors have indicated that they would like to hold the rights. The University Patent Committee recommends that the rights of the University in these inventions be assigned to the sponsor and, if the sponsor does not wish them, that they be assigned to the inventors. 2. Two inventions: Simulated Laryngeal Model and Simulated Ear Model — Francis L. Lederer, Professor of Otolaryngology, Emeritus, Medical Center, Sydney Kofman, Physician tn the Health Service and Assistant Professor of Medicine in The Abraham Lincoln School of Medicine, Medical Center, and Emil W. Hospodar, Associate Professor of Medical Art in Medical and Dental Illustration, Medical Center, inventors. Because University Patents, Inc., advises of the apparent existence of a commercially profitable invention, the University Patent Committee recommends that the rights of the University in these inventions be transferred to the University of Illinois Foundation for commercial development and patent application. 3. Novel Means of Refining Glass Melts—Sherman D. Brown, Professor of Ceramic Engineering, Urbana-Champaign, and Frank A. Morrison, Jr., Associate Professor of Mechanical Engineering, Urbana-Champaign, inventors. The University Patent Committee recommends that the rights of the University in this invention be transferred to the University of Illinois Foundation for development. 4. Improvement in Biological Activity and Introduction of Fluorescence by Reaction of Cytosine Derivatives with Chloroacetaldehyde — Nelson J. Leonard, Professor of Chemistry, Urbana-Champaign, Jorge R. Barrio, Fellow in the Department of Chemistry, Urbana-Champaign, John A. Secrist, III, former Fellow in the Department of Chemistry, Urbana-Champaign, and Laurence G. Dammann, former Research Assistant, Department of Chemistry, Urbana-Champaign, inventors; developed under the sponsorship of the National Institutes of Health. The University Patent Committee recommends that the rights of the University in this invention be transferred to the University of Illinois Foundation, subject to the rights of the sponsor. O n motion of Mr. H o w a r d , these recommendations were approved. DISTRIBUTION O F ROYALTY INCOME (15) On May 17, 1972, the Board approved a recommendation of the University Patent Committee that the inventions "Illim Spinwhee!: A Chrysanthemum Plant" and "Illini Hot Pink: A Chrysanthemum Plant," both by John Robert Culbert, Professor of Floriculture at Urbana-Champaign, be transferred to the University of Illinois Foundation. The Foundation has signed licenses with commercial developers of chrysanthemum plants and has received royalties. The University Patent Committee was requested to recommend to the Board of Trustees an equitable share to be paid the inventor. The Committee's view is that IS per cent of the Foundation's net income from the patent would be equitable by virtue of Professor Culbert's long dedication to this project in the face of heavy teaching loads. It appears that the total return from the patent will be modest, although sucessful projects of this type bring the University prestige within a small but significant industry. Therefore, the Committee has recommended that IS per cent of the net cash income received by the University of Illinois Foundation from the patent be paid to the inventor. I concur. O n motion of M r . Forsyth, this recommendation was approved. SETTLEMENT O F ESTATE O F RICHARD BARNES STITH (16) Richard Barnes Stith died on September 28, 1964, leaving a will which was admitted to probate in Marshall County, Illinois, and the Jefferson Trust and Savings Bank of Peoria is now acting as Executor and Trustee. Ancillary probate proceedings have also been instituted in the states of Nebraska and Arizona. The
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