Repository: UIHistories Project: Board of Trustees Minutes - 1900 [PAGE 302]

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282

UNIVERSITY O F I L L I N O I S .

'

[April

18,

UNIVERSITY OF ILLINOIS, A P R I L 17,

1900,

To the Board of Trustees of the University of Illinois: GENTLEMEN: Pursuant to your directions I recommend the following rules in the settlement of the present agreement with the College of Physicians and Surgeons, which ends May 1, 1900, and the putting in force of the new one which begins on that date: 1. The Actuary of the College of Physicians and Surgeons, and the Business Manager of the University, shall audit the receipts and expenses of the School of Medicine of the University up to and including April 30, 1900. • 2. The excess of receipts over expenses shall be paid to the College of Physicians and Surgeons if the inventory called for in rule five be accepted as meeting the requirements of the first lease. 3. All bills which may be presented after this settlement that belong to the operation of the School of Medicine under the lease that expires May 1, 1900, shall be audited and paid, if allowed, by the College of Physicians and Surgeons, and all receipts from accounts due for the same time are to be turned over to the College of Physicians and Surgeons; but it is understood that the fees from students for the session that begins in April of 1900, come under the new agreement. 4. The Treasurer of the University is hereby authorized to receive and receipt for the working fund of $8,000.00 that is provided for in the new agreement, and this payment is to be made at the time that the payment of the excess of receipts over expenses is made. 5. An inventory of all the property corresponding to Schedule A of the lease ending May 1, 1900, in the possession of the School of Medicine on that date, shall be made by the Actuary, Dr. Steele, and the Business Manager of the University, in order to determine if such property meets the requirements of the lease. 6. The University and the College of Physicians and Surgeons shall place upon their records a statement to the effect that the requirements under the present lease have been complied with to the satisfaction of both parties. Eespectfully submitted,

S. W. SHATTUCK,

Business Manager. T h e foregoing rules were adopted, a n d t h e B u s i n e s s M a n a g e r was i n s t r u c t e d to m a k e s e t t l e m e n t with t h e College of P h y s i c i a n s a n d S u r g e o n s i n accordance t h e r e w i t h , a n d r e p o r t t h e same to t h i s B o a r d . A u t h o r i t y was given to d r a w w a r r a n t s as m i g h t b e necessary to conclude t h e transaction. 0 P r e s i d e n t D r a p e r was authorized to m a k e search for a Professor of A g r o n o m y , a n d to m a k e an a p p o i n t m e n t before t h e n e x t m e e t i n g , if necessary. T h e proposition t h a t h a s b e e n received from t h e C e n t r a l U n i o n T e l e p h o n e C o m p a n y , was referred to Mr. S m i t h , with a u t h o r i t y to m a k e with t h e c o m p a n y t h e best t e r m s possible for t h e service contemplated. T h e C o m m i t t e e on B u i l d i n g s a n d G r o u n d s r e p o r t e d informally t h a t a well h a d been s u n k to t h e d e p t h of 140 feet; t h a t a p p a r e n t l y