Repository: UIHistories Project: Board of Trustees Minutes - 1916 [PAGE 223]

EXTRACTED TEXT FROM PAGE:

1915]

PROCEEDINGS OF THE BOARD OF TRUSTEES.

URBANA, I I I . . , February

223

11, 1915.

Dr. Edmund J. James, President, University of Illinois, Urbana, III. DEAR S I R : I wish to offer for the consideration of the Board of Trustees of the University of Illinois, and yourself, the purchase of the Mathews Avenue frontage of block one of the Bronson Addition at a price of $25,000. This property has a frontage on Mathews Avenue of 314 feet and a depth of 120 feet with an extension east of 64 feet in width and a depth of 153% feet. A plat of the property accompanies this letter, the land offered being outlined in red. , The property is worth even more than we are offering it for to the Trustees, but we feel that a sale to one person and with one transaction is more desirable than to sell by single lot; hence the above offer. I have, been told that until after July 1 the Trustees will be somewhat handicapped by a shortage of funds for available use. "With that in view we are willing to give the Trustees a contract for purchase of the property, and they can have until September to complete the deal if they want that long a time. We can furnish a complete, merchantable abstract of title. I have a power of attorney from the other parties interested authorizing me to sell the property to the best advantage, make what arrangements are necessary, and sign any preliminary papers that are required. This looks like a very fair proposition and I hope you will take advantage of the offer. Awaiting your reply, I am Very truly yours,

G. D. BRONSON.

On the recommendation of President James and on motion of Mr. Carr, this offer was referred to the Finance Committee for consideration and report.

L E A S I N G OF S M I T H LANDS.

(6) A letter from the Comptroller relating to the leasing of the farm properties recently given to the University by Capt. Thomas J. Smith: February 18, 1915. President Edmund J. James, University of Illinois. DEAR S I R : Acting under authority from the chairman of the Committee on Agriculture of the Board of Trustees (see minutes Board of Trustees, meeting of January 30, 1915, pages 195-6), I have executed the following leases for the year from March 1, 1915, to March 1, 1916, on the farm properties given to the University by Capt. T. J. Smith : To: Russell Arbuckle, of near the city of Champaign. The east one-half of the southwest quarter of section 14, township 19, north, range 8, east of the Third Principal Meridian, in the county of Champaign and State of Illinois. To: O. J. Foltz, of St. Joseph. f The southwest quarter and the west half of the southeast quarter, in section 26, township 20, range 10, east of the Third Principal Meridian, in Stanton Township, Champaign County, Illinois. To: David A. Howard, of Rantoul. * All that part of the north half of section 23, township 22, north, range 9, east of the Third Principal Meridian, which lies west of the Illinois Central Railroad, situated in Ludlow Township, Champaign County, Illinois. To: George E. Jones, of Fisher. The northwest quarter and the south half of the northeast quarter; section 31, township 22, north, range 8, east of the Third Principal Meridian, situated in the county of Champaign and State of Illinois. I hand you copies of the leases herewith. Signed copies of the leases are on file with the Secretary of the board and in my own office. You will note that each lease provides for the approval of farm operations by an agent appointed by the President of the University. I recommend that such an agent be appointed as soon as possible, and that the tenants be notified. Very .truly yours, As it was necessary to appoint an agent to represent the University for the approval of farm operations, I have named Prof. Jeremiah George Mosier as such agent.

GEO. E. FRAZER.

On motion of Mr. Hoit, the Comptroller's letter was received for record, and the appointment of Prof. Mosier was approved.

ERROR IN D E E D TO S M I T H LANDS.

(7) The following statement: It appears that in a certain deed executed by Capt. Thomas J. Smith to the Board of Trustees of the University of Illinois, dated September 17, 1914, one acre of ground not then £>wned by Capt. Thomas J. Smith was included. The lot is really owned by Margaret Lynch and Alice Lynch, and is situated in the southwest corner of the northwest quarter of section 31, township 22 north, range 8 east of the Third Principal Meridian. The Counsel of the University recommends that the board authorize the delivery to Margaret Lynch and Alice Lynch of a quit-claim deed to the piece of land thus particularly described, and recommends the adoption of the following resolution: