Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 182]

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UNIVERSITY OE I L L I N O I S .

[February 12,

E X P E R T E M P L O Y E D TO REPORT ON H A Z A R D O U S CONDITIONS. (4) The chairman recommended that, for the purpose of eliminating conditions hazardous to workmen and others, he be authorized to engage an expert to inspect carefully the machinery and equipment of the University and report all hazardous conditions, together- with recommendations for a way to remove the hazard and an estimate of its probable cost. The chairman further recommended an appropriation of $50 for the expenses and fee of the expert. Recommendation approved. STOCK OF T H E COLLEGE OF PHYSICIANS A N D S U R G E O N S DONATED.

(5) The chairman reported that on January 30 Dr. D. A. K. Steele, acting for the Alumni Association of the College of Medicine, brought to the office of the President of the Board of Trustees a package containing 139 certificates of stock of the College of Physicians and Surgeons, comprising 2,170 shares. These certificates, representing the entire capital stock of that corporation, and being all endorsed in blank and witnessed, were then and there given to the President of the Board and by him accepted for the board in fulfillment of the board's action taken a t its meeting September 19, 1912 [page — ] , prescribing the terms under which the board would accept the capital stock of the College of Physicians and Surgeons. After counting and accepting the stock certificates, the President of the Board delivered them into the custody of Treasurer Haugan for safekeeping. Treasurer Haugan produced the stock certificates a t the meeting of the Executive Committee, and he and Comptroller Frazer again counted the stock represented by the certificates, and verified the previous count that it was found to comprise 2,170 shares, including one certificate for seven shares issued January 30, 1913, to the Board of Trustees of the University of Illinois. President Steele and Secretary Harsha of the College of Physicians and Surgeons stated that 2,170 shares represented the entire issue of the capital stock of that corporation and that they would furnish a legal certificate to that effect.* The Executive Committee approved the action of the president in accepting the stock for the board in fulfillment of its action of September 19, 1912, ana requested the officers of the Board of Directors of the College of Physicians and Surgeons to make out new certificates of stock in the names of the members of their Board of Directors and have the certificates endorsed in blank and delivered to Treasurer Haugan in exchange for the certificates which he held in custody and which should then be canceled. President Steele was also requested to have made out a deed transferring to the Board of Trustees of the University of Illinois all the real property of the College of Physicians and Surgeons, and a bill of sale to the Board of Trustees of the University of Illinois for all the personal property of the College of Physicians and Surgeons, and to secure authority from the stockholders and Board of Directors of the College of Physicians and Surgeons to have the proper officers of the board execute this deed and bill of sale. The committee adjourned. Respectfully submitted,

W. L. ABBOTT, Chairman.

The board adjourned.

W. L. ABBOTT, President. C. M. MCCONN, Secretary. * A certificate to this effect, signed by Wm. M. Harsha, Secretary of the Corporation of the College of Physicians and Surgeons, and attested by the seal of the said college, was furnished to theJPresident of the Board of Trustees of the University under date of February 6,1913.