Repository: UIHistories Project: Board of Trustees Minutes - 1896 [PAGE 27]

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30

U N I V E R S I T Y OF

ILLINOIS.

T h e B o a r d i n s t r u c t e d t h e S e c r e t a r y to inform t h e U r b a n a a n d C h a m p a i g n E l e c t r i c S t r e e t R a i l w a y C o m p a n y t h a t , in a c c o r d a n c e w i t h t h e opinion of t h e A t t o r n e y General, it m u s t decline to give it p e r m i s s i o n to lay a t r a c k across t h e U n i v e r s i t y g r o u n d s a l o n g t h e line of W r i g h t S t r e e t e x t e n d i n g south. T h e S e c r e t a r y was also i n s t r u c t e d to r e p o r t its decision i n t h i s m a t t e r to t h e city councils of U r b a n a a n d of C h a m p a i g n . O n motion of Mr. M c K a y , t h e B o a r d a d o p t e d t h e following resolution : Besolved, That the President of the Board be instructed to request the city council of Champaign, to take measures to abate the nuisance caused by the flow of sewage in the stream running through the University grounds, and that, in the event of failure of the said city council of Champaign to abate the nuisance, the President of the Board be further instructed to consult the Attorney General as to what steps the state may take in the premises to protect its interests. O n m o t i o n of Mr. M c L e a n , Professor S h a t t u c k was a p p o i n t e d B u s i n e s s A g e n t for t h e year b e g i n n i n g S e p t e m b e r 1, 1894. T h e F i n a n c e C o m m i t t e e m a d e t h e following r e p o r t w h i c h was a p proved :

SPRINGFIELD, I I I . , September 25, 1894.

To the Board of Trustees of the University of Illinois: GENTLEMEN:—Your Finance Committee reports that it has examined the report of your Treasurer, up to and including August 31, 1894, and finds that during the past three months the following bonds belonging to the endowment fund have been paid:

The city of Urbana, bond No. 2 Montgomery county, school bond No. 5 Champaign county, school bond No. 1 Sangamon county, school bond No. 2 Montgomery county, school bond No. 1 Champaign Board of Education bonds, Nos. 17 to 20 inclusive.. Morgan county, school bond No. 2

$1,000 00 1,000 00 200 00 1,000 00 500 00 2,000 00 1,000 00 $6,700 00

We also find that there has not been any purchase of new bonds for said endowment fund, and that there is now on hand of said fund the sum of $30,619.50 uninvested. Your Committee therefore recommends that the Treasurer be directed to invest said amount of endowment fund in such bonds, as the law authorizes, and that he report his action in this matter at the next meeting of the Board.