Repository: UIHistories Project: Board of Trustees Minutes - 1916 [PAGE 236]

EXTRACTED TEXT FROM PAGE:

236

UNIVERSITY OF I L L I F O I S .

[Apr.

27 ;

April 19, 1915. Dr. David Kinley, Vice Presidents University of Illinois. DEAR SIR : You' will recall that, under the Federal Income Tax Law, we are depositing with the Trustees of the two bond issues of the College of Physicians and Surgeons an amount representing one per cent of the total bond interest paid. From this deposit is paid the normal income tax of one per cent of those bond holders not exempt under the income tax law. The reason that this deposit seemed necessary was probably the fact that the bonds of the 1912 bond issue specifically provided that bond interest was to be paid to bond holders free from any deductions on account of taxes, etc. However, examination of the bonds of the 1901 bond issue amounting to $109,000, as well as examination of the trust deed securing this issue, failed to disclose any provision requiring the College of Physicians and Surgeons to guarantee payment of interest against deductions. I, therefore, submitted a copy of the trust deed, as well as a bond of the 1901 issue, to Judge Harker for an opinion as to whether or not the University was required to make this deposit of one per cent to cover the normal income tax. I am enclosing herewith a copy of the opinion received from Judge Harker to the effect that the University is not required to make this deposit. I am enclosing also a copy of a letter to Dr. Frank B. Earle, trustee for this bond issue, notifying him that the University will no longer make a deposit to care for this normal income tax. Unless, therefore, there is objection, we will continue to pay the normal income tax on the 1912 bond issue amounting to $36 per year, but. will discontinue to pay the normal income tax on the 1901 bond issue amounting to $65.40 per year. Very truly yours, L. E. KNORR, Acting Comptroller.

On motion of Mr. Carr, the action of the Comptroller was approved.

L E A S E OF McCULLOUGH L A N D .

(2) A letter from the Acting Comptroller concerning the leasing from Mr. John McCullough of forty acres of land: March 22, 1915. President Edmund J. James, University of Illinois. DEAR SIR: Under authority of the Board of Trustees, I have leased from John McCullough forty acres of land for the- period from April 1, 1915, to November 15, 1915, at a rental for the entire period of $500, payable on or before July 10, 1915. The land is described as the southwest quarter of section 29, township 19, north of range 9, east of the Third Principal Meridian. I t is to be used by the Department of Animal Husbandry for «grazing purposes. Very 'truly yours, L. E. KNORR, Acting Comptroller.

On motion of Mr. Carr, the action of the Comptroller was approved.

A P P O I N T M E N T TO C O M M I T T E E ON CERAMICS.

(3) A letter from Mr. A. E. Huckins, Secretary of the Illinois Clay Manufacturers' Association, stating that the association had nominated Mr. Eben Rogers, of Alton, 111., for membership on the Advisory Committee on Ceramics, in place of Mr. D. V. Purington, deceased.

On motion of Mr. Carr, Mr. Eben Rogers was appointed a member of the Advisory Committee on Ceramics for the term of one year.

BOO.K ORDERS FOR 1915-16.

(4) A request from Librarian P. L. Windsor that he be given authority to place orders immediately for the purchase of books to be delivered after July 1, 1915, at a cost of not more than $15,000, the amount to be charged against the book appropriation for the fiscal year 1915-16; and that similar authority be given for the purchase of books for the library of the College of Medicine, at a cost of not more than $1,000.

On motion of Mr. Carr, the Librarian was authorized to order books as requested .and the sum of $16,000 was appropriated for this purpose.

U N I V E R S I T I E S C O M M I T T E E ON M E D I C A L E D U C A T I O N .

(5) A communication from a committee, of which Dr. Prank Billings was Chairman, concerning certain proposed action in cooperation with Northwestern University; University of Chicago, and Loyola University of Chicago, in the matter of medical education in the State of Illinois. A self-constituted committee, calling itself the Universities Committee on Medical Education, which I was invited to join, has held certain meetings ( in Chicago to discuss the possibility of improvements in medical education in the State of Illinois. I did not accept membership on this committee, and have not attended any of its meetings. They propose certain cooperative action among the four universities: Northwestern University, University of Chicago, Loyola University, and the University of Illinois. April 9, 1915. President Edmund James, University of Illinois, Uroana, III. DEAR S I R : We, the undersigned Executive Committee of the Universities Committee on Medical Education, respectfully submit the enclosed material for the consideration of your organization. The points upon which the various organizations are asked to agree are contained in Formal Resolutions I, II, III, IV, and "V. We are including, however, the minutes of the preliminary conference at which the Universities Committee was