Repository: UIHistories Project: Board of Trustees Minutes - 1904 [PAGE 307]

EXTRACTED TEXT FROM PAGE:

1904,]

PROCEEDINGS OF THE BOABD OF TRUSTEES CHICAGO COLLEGE OF DENTAL SURGERY.

283

On motion of Mr. McLean, the Business Manager was instructed to make a tender to the proper officer of the Chicago College of Dental Surgery of the balance of funds received by him on account of said College after deducting therefrom $340.05, as stated in the proceedings of the Board meeting of March, 1904, and to take from said officer a receipt in full of all demands against the University of Illinois and any of its offices.

PHARMACY LEASES.

The Secretary stated that the building, on the northwest corner of Michigan avenue and Twelfth street in the City of Chicago, had been leased from the University of Chicago for the use of the School of Pharmacy; also that a portion of this building had been sub-let to L. Blake Baldwin, M. D., of Chicago, to be used by him for his college of medicine; also that the University of Illinois had been given by the University of Chicago permission to make certain alterations and repairs in and around said building; and that permission had been granted Doctor Baldwin to make repairs and alterations in parts of the building occupied by him. It was also stated that the Business Manager of the University of Chicago wished to have the following resolution adopted by the Board of Trustees and a certified copy of it furnished him:

WHEREAS, The University of Chicago and the Board of Trustees of the University of Illinois, did on the 29th day of April, A. D. 1904, enter into a written lease wherein and whereby the said University of Chicago leased and demised to the Board of Trustees of the University of Illinois, the building situated at the northwest corner of Michigan avenue and Twelfth Street in the City of Chicago in the State of Illinois, for the period of five years from the 1st day of May, 1904; and WHEREAS, On the said 29th day of April, 1904, the Board of Trustees of the University of Illinois, in and by a certain lease onthat day executed, leased and demised a portion of said building to L. Blake Baldwin for the period of &ve years from the first day of May, 1904; and WHEREAS, Both of said leases have been duly examined by the members of this Board; and WHEREAS, Both of said leases were executed by the President and Secretary of the Board of Trustees of the University of Illinois on behalf of said Board: Be it therefore "Resolved, That the action of said President and Secretary of this Board in respect to the execution of said leases, be, and it is hereby, approved and ratified.

The resolution was adopted, and the Secretary was authorized to certify a copy thereof and transmit it to the Business Manager of the University of Chicago, and also to certify and transmit another copy to Doctor Baldwin. The Business Manager was instructed to insure the building for $45,000 for a term of five years, the policy to be made in the name of the University of Chicago. $2,000, or so much thereof as might be necessary, was appropriated for expenses and payment of bills in connection with the removal of the School of Pharmacy, and for the payment of the insurance and rent.