Repository: UIHistories Project: Board of Trustees Minutes - 1868 [PAGE 47]

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35

REPORT OF FINANCE COMMITTEE.

Mr COBB, Chairman of the Finance Committee, reported as follows:

Your committee consider that sufficient assurances have been given by the Illinois Central Railroad Company that they will fulfill their agreement in regard to the fifty thousand dollars freight proposed in the offer of Champaign county. Further: that Mr. Dunlap has filed with the Secretary a sufficient bond, covering the furnishing of two thousand dollars worth of trees and r m ery. Further: that the one hundred thousand dollars of Champaign county bonds are in the hands of the committee, to be delivered as soon as the location is made. Further: in regard to salaries of officers, which were referred to this committee, we would report that, inasmuch as the duties of said Trsasurer and Secretaries are, as yet, not defined, we would respectfully suggest that, for the present, we allow pay according to services rendered.

Which report was adopted. Mr. BURROUGH s moved that the Finance Committee be instructed to examine the lands deeded to the Illinois Industrial University by Champaign county, and ascertain and report whether these lands correspond, in respect to quantity and location, with the offer of said county to the State. Carried.

EXPENSES OF MEMBERS AUDITED.

Mr. DUNLAP, Chairman of Auditing Committee, reported bills of expenses of members attending the meeting of the Board at Springfield, and bill of the Recording Secretary, pro tern. Mr. BURCHARD moved to amend by adding the condition that the warrants shall not be drawn until there are funds Jn the treasury with which to pay them. The amendment was lost, and the report of the committee adopted. Mr. CUNNINGHAM, from Finance Committee, made a verbal and explanatory report upon titles of real estate. 'No action taken.

LOCATION OF THE ILLINOIS INDUSTRIAL UNIVERSITY.

A. M. BROWN read the following preamble and resolutions, and moved their adoption by the Board, viz:

WHEREAS, The county of Champaign has caused to be conveyed to the Board of Trustees of the Illinois Industrial University, by good and unincumbered titles, the building and grounds known as the Urbana and Champaign Institute, described as follows: Commencing at the north-west corner of the south-west quarter of the south-east quarter of section seven (7), town nineteen (19), range nine (9) east;