Repository: UIHistories Project: Board of Trustees Minutes - 1912 [PAGE 124]

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80

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

[Feb. 28

The letters below explain themselves:

CHICAGO, Feb. 15, 1911.

President Edmund) J. James, University of Illinois, Urbana, III.: MY DEAR DR. JAMES—The Board of Directors (i. e. of the College of Physicians and Surgeons) by a unanimous vote modified the lease in accordance with your request by striking out the words "schools," etc., last evening, and Dr. Pusey will mail the signed paper to you today. Wishing you success, as ever,

D. A. K. STEELE. CHICAGO, Feb. 15, 1911.

President Edmund J. James, University of Illinois, Urbana-Champa&gn, III.: DEAR DR. JAMES—I send you herewith the modification of the College of Physicians and Surgeons contract for the lease of its property, modified as you requested by removal of the provision for the return of the schools. The Board of Directors passed the resolution of which I enclose you a copy herewith. The authorization of the stockholders to the Board of Directors for making a lease to the University of Illinois was as broad as possible. The action was as follows: "That the stockholders recommend and authorize the Board of Directors to enter into a new contract with the University of Illinois." (Extract from the minutes of the meeting of June 22, 1910, meeting at which the stockholders took action upon this matter.) "Will you please have sent to us a copy of this modification signed by the proper persons in the Board of Trustees. Yours very truly,

W. A. PUSEY.

1. Resolved, That it is the sense of this Board of Directors that the lease executed by the College of Physicians and Surgeons to the Board of Trustees of the University of Illinois, of date of Aug. 12, 1910, be modified by striking out the closing sentence of paragraph 4 on page 3 of said lease, which reads as follows: ."It is further agreed that at any time that this lease is ended, either by its expiration or forfeiture, the party of the second part will return the schools to the party of the first part;" also by striking out the words "and schools" in line 18 on page, 4 of said lease. 2. That the president and secretary of'this board are hereby authorized to agree to, and, on behalf of this board, to make such modification.

T H I S INDENTURE, made this day of , A. D. 1911, between

the College of Physicians and Surgeons of Chicago, a corporation organized and operating under the laws of the State of Illinois, party of the first part, and the Board of Trustees of the University of Illinois, a corporation organized and operating under the laws of the State of Illinois, party of the

second part, WITNESSETH:

1. WHEREAS, The said party of the first part on the 12th of August, 1910, executed to the party of the second part a lease to certain real and personal property therein described with option of renewal; and, WHEREAS, Said parties desire a modification of said lease; It is hereby mutually agreed that the same be modified as follows: 1. That all that part of paragraph 4, appearing in lines 12, 13 and 14, on page 3, which, reads: "It is' further agreed that at any time that this lease is ended, either by its expiration or forfeiture, the party, of the second part will return the schools to the party of the first part," be' canceled and stricken out; 2. That the words "and schools" appearing in line 18 on page 4 be canceled and stricken out; And that said lease with all stipulations and conditions therein appearing; •except as to the ones hereby modified and canceled as above specified, be and continue in force.