Repository: UIHistories Project: Board of Trustees Minutes - 1904 [PAGE 84]

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60

UNIVERSITY OF ILLINOIS.

[March 10,

The deed was recorded in the office of the recorder of deeds of Cook County, Book 8,220, p. 28. The Board of Directors of the College of Physicians and Surgeons on the 23d day of December, 1902, authorized the execution of another deed for this property to the University. A copy of this action follows: "Resolution adopted by the Board of Directors of the College of Physicians and Surgeons, Chicago, December 23, 1902. Whereas, The special committee of the Board of Trustees of the University of Illinois on transfer of the West Division High school property, reported that an error in the recommendation of said committee in its report made at the regular meeting September 9, 1902, should be corrected. The committee at that time reported all the papers necessary to the transfer, and recommended that the deed be recorded in the Recorder's office of Cook County and then sent to the Secretary of State, to be held in escrow by him—whereas, to conform to the method followed in the first transfer, the recommendations should have been, that the contract be recorded in the Recorder's office in Cook County and the deed sent to the office, of the Secretary of State at Springfield, to be held in escrow by him until the contract had been fulfilled, and in order to correct the error they made in recording the deed instead of the contract, the Board of Trustees of the University of Illinois at the regular meeting held October 24, 1902, authorized and instructed the officers of their Board to have drawn and executed a quit-claim deed of the said "West Division High School property, from the University of Illinois to the College of Physicians and Surgeons of Chicago, and to have it recorded in the Recorder's office of Cook County, and that in exchange for this deed they be instructed to accept another warranty deed for the same property from the College of Physicians and Surgeons to the University of Illinois, which deed their officers were instructed to have placed in escrow in the hands of the Secretary of State of the State of Illinois in accordance with the contract report at the meeting of their Board September 9th last, and further that they be instructed to have said contract recorded in the Recorder's office in CJook County, Illinois, therefore be it Resolved, That the proper officers of the College of Physicians and Surgeons of Chicago are hereby duly authorized and empowered to accept from the University of Illinois said quit-claim deed and to give in exchange for it to the University of Illinois a warranty deed to the West Division High School property in accordance with the recommendations of the Trustees of the University of Illinois at their meeting October 24, 1902, and the proper officers of the College of Physicians and Surgeons are instructed to also receive from the University of Illinois the original deed recorded in Cook County, but in error in the recommendation of the special committee on transfer of the Board of Trustees.

D. A. K. STEELE, President."

Under this authority the following deed was executed by the officers of the College of Physicians and Surgeons-:

The Grantor, THE COLLEGE OF PHYSICIANS AND SURGEONS OP CHICAGO, a cor-

poration organized under the laws of the State of Illinois, for and in consideratoin of the sum of one hundred and eighty-six thousand dollars ($186,000.00), in hand paid, conveys and warrants to the UNIVERSITY OF ILLINOIS, a corporation organized under the laws of the State of Illinois, the following described real estate, lying and being in the City of Chicago, County of Cook, and State of Illinois, known and described as follows, towit: Lots one (1) to seven (7), inclusive, in BlockNtwenty-three (23), also Sub-Lots one (1) to seven (7), inclusive, of Lots nineteen (19) to twenty-five (25), in Block twenty-three (23), and the vacated alley running North and South through said Block twenty-three (23), in Ashland Second Addition to Chicago, in the West one-half of the Northeast quarter of Section eighteen (18), township thirtynine (39) North, Range fourteen (14) East of the Third Principal Meridian, including the buildings thereon, together with the furniture, fixtures, and apparatus therein.