Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 259]

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1913]

VALUATION

PROCEEDINGS OF THE BOARD OF TRUSTEES.

OF M E D I C A L P R O P E R T Y BY T H E CHICAGO BOARD. REAL

257

ESTATE

(17) A bill from the Chicago Real Estate Board for two hundred sixty-eight dollars and seventy-five cents ($268.75) for making a valuation of the property of the College of Medicine in the city of Chicago, in accordance with a request made by the President of the Board of Trustees.

On motion of Mrs. Henrotin, it was voted that this bill be approved, and that the certificate of valuation received from the Chicago Real Estate Board be printed in the minutes. The vote was as follows: Ayes, Mr. Abbott, Mrs. Busey, Mrs. Evans, Mrs. Henrotin, Mr. Hoit, Mr. Moore, Mr. Trevett, Miss Watson; noes, none; absent, Mr. Blair, Mr. Dunne, Mr. Meeker, Mr. Montgomery.

[CERTIFICATE OP VALUATION.]

CHICAGO, June 2, 1913.

William L. Abbott, President, Board of Trustees of University of Illinois: We, the undersigned, members of the Valuation Committee of Chicago Real Estate Board, have carefully considered the application made by you for a valuation on the following described property: . . Lots 1 to 7, both inclusive, in block 23 ; sub-lots 1 .to 7, both inclusive, of lots 19 to 25, both inclusive, in block 23, and the vacated alley running north and south through said block 23 ; also lots 15, 16, 17, 18, and east 7 feet of lot 14, all in block 23 of Ashland's Second Addition to Chicago, in the west half of the northeast quarter of section 18-39-14; being situated in the blocks bounded by Lincoln Street, Ogden Avenue, Congress, Honore and Harrison Streets. Size of lots, 263.9x267x176.4x133.5x83.5x107. We hereby certify that we have personally examined said premises, and that we have no personal interest in the property valued herein, and in our opinion said land is worth, exclusive of improvements... ? 60,000 00 Value of improvements 185,000 00 Total valuation $245,000 00 VALUATION COMMITTEE OF THE CHICAGO REAL ESTATE BOARD.

EDWARD M. WILLOUGHBY, President. FRANCIS E. MANIERRE, Secretary. By MARVIN A. FARR., FRED D. P. SNELLING., HARRY GOLDSTINE, HARRY GOLDSTINE, WILLIAM D. KERFOOT, JULIUS A. WENDELL,

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[SEAL]

No. 1542.

OPINION

Members.

O F L E G A L COUNSEL ON R E Q U I R E M E N T T H A T A L L C O L L E C T I O N S BE P A I D I N T O T H E S T A T E T R E A S U R Y .

(18) An opinion from Dean O. A. Harker, Legal Counsel, on the question whether the University is required to pay all collections of money made by it into the State treasury.

This opinion was received to be printed in the minutes:

President Edmund J. James, University

MY DEAR PRESIDENT JAMES :

of Illinois.

June 3, 1913.

the following: Opinion as to whether the University of Illinois is required to pay all collections of money made by it into the State treasury. If any such requirement is cast upon the University, it must be by some provision of the constitution or by some act of the Legislature. 1. There is no provision in the constitution specifically requiring the University to pay any money into the State treasury. Under a strained construction given to section 18 of article 4, by the Supreme Court of the State in the case of The People ex rel., etc. v. Needles, 96 111., 575, it may be compelled to return to the State treasury such portion of a legislative appropriation as shall not be used before the end of the first fiscal quarter after the adjournment of the next regular session of the General Assembly following the one at which the appropriation was made; but it should be observed that such a return is of money voted out of the State treasury and not of money received for tuition and otherwise, by the University, in a way entirely disconnected • from the State treasury. By no possible construction of section 18, article 4, or any other section of the constitution, can it be said that the receipts of the University coming from any other source than the State should be paid into the State treasury.

Complying with your request I submit to you

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