Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 153]

EXTRACTED TEXT FROM PAGE:

1912]

PROCEEDINGS OF THE BOARD OF TRUSTEES.

L E A S E OF H A I N E S PROPERTY.

151

(3) The following letter from Dr. C; G. Hopkins, Professor of Agronomy, enclosing a lease and option of purchase of the property known as the Haines property: December 12, 1912. Dean Eugene Davenport, College of Agriculture. and option to purchase 47.67 acres of land lying between First Street and the Illinois Central Railroad, and known as the Haines property—-the documents already being signed by Frederick A. Haines and his wife, Shirley J. Haines. As you will note, the lease is for the coming season, and we desire to use v the land for field experiments in agronomy, particularly those relating to plant breeding and crop production. I have understood that it is desired to secure options under which the University may have the privilege of purchasing land situated as this is, and consequently I secured the option specified in connection with this lease—$750 per aqre. I consider that the term of rental, $15 per acre, are very reasonable; in fact this is less than could easily be secured from share rent of land of such high productive power, and I beg to recommend that the lease be accepted, with the understanding that the rental will be paid from appropriations made by the State for crop investigations. I assume that this document will require the signature of the President and Secretary of the Board of Trustees, or at least the authorization of that body. The secretary has expressed the opinion that the. board will probably have a meeting' next week, and the parties controlling this land desire to know the action of the University as early as possible in order that they may rent or sell to other parties in case the University does not accept the lease. Yours very truly, Description of the land: Beginning at the southeast corner of section 13, township 19 north* range 8 east, 3d P. M., thence west 22.01 chains to the east line of the Illinois Central Railroad right-of-way, thence north along said right-of-way (8° east) 23% chains to the southwest corner of W. Reinhart's lot, thence east 18.93 chains to the section line; thence south 23.29 chains to the place of beginning; 47.67 acres. [ENCLOSURE: LEASE AND OPTION TO PURCHASE.] This indenture, made t h i s . . . . . . . . d a y of December, 1912, between Frederick A. Haines, and Shirley J. Haines, his wife, of Seattle, Wash., the lessors, and of ^ > 111., the lessee, That whereas, the lessors are the owners, of the hereinafter described real property and are desirous of leasing the same to the lessee with the privilege of purchasing, Now therefore, the lessors do lease, demise, and let unto the > .,.r*..:. . lessee, the following described real property: Beginning a t the southeast corner of section 13, township 19 north, r a n g e d east, 3d P. M., thence west 22.01 chains to the east line of the Illinois Central Railroad right-of-way, thence north along said right-of-way (8° east) 23% chainsto the southwest corner of W. Reinhart's lot, thence east 18.93 chains to the section line; thence south 23.29 chains to the place of beginning; 47.67 acres. To have and to hold for the term of one year, towit: from the 1st day of March, 1913, to the 1st day of March, 1914, paying therefor rent in the sum of $715.44, said rent to be paid on or before the 1st day of September, 1913, providing however, that in event said lessee purchases said property on or before September, 1913, a t $750 per acre cash, then and in that event the rent heretofore set forth shall be prorated for the unexpired leasehold term. The option to purchase shall expire September 1, 1913. It is further understood and agreed, that said premises shall be left in a s good condition as the same existed a t the time of commencement of this lease, and should default be made in the payment of said rent when due, the lessor, their agents, or attorneys may re-enter and take possession of said property and terminate this lease and option agreement. Witness the hands and seals of the parties hereto, said lessee being duly authorized to enter into this agreement by. and through its proper officials, whose signatures are hereto: affixed.

(Signed) SHIRLEY J. HAINES, FREDERICK A. HAINES, CYRIL G. HOPKINS. M r DEAR DEAN DAVENPORT: I enclose herewith duplicate copy of a lease

Lessors.

Lessee.

It was voted to authorize the officers of the board to sign this lease at the rental of seven hundred fifteen and forty-four dollars ($715.44), and for the period of one year beginning March 1, 1913, and continuing until March 1, 1914, provided the said lease shall be approved by the legal counsel of the board.