Repository: UIHistories Project: Board of Trustees Minutes - 1920 [PAGE 339]

EXTRACTED TEXT FROM PAGE:

1919]

UNIVERSITY OF ILLINOIS

335

The estimated realization on this item of the securities donated by Mr. McKinley was $10,500. Our realization has been as follows: Sale of stock as above $ 9,996.00 Income on stock from time of donation to date 1,350.00 Total realization $11,346.00 Respectfully submitted,

LLOYD MOREY

Comptroller I recommend approval of the Comptroller's request to authorize the transfer of Illinois Central Stock as above,

On motion of Mrs. Evans, the President of the Board was authorized to transfer 100 shares of Illinois Central Railway Company capital stock to the purchaser secured by the Comptroller. The vote was as follows: Ayes, Mr. Abbott, Mrs. Blake, Mrs. Busey, Mr. Carr, Mrs. Evans, Mr. Hoit, Mr. Trimble; noes, none; absent, Mr. Blair, Mr. Herbert, Mr. Lowden, Mr. Ward.

REPORT OF THE COMPTROLLER ON THE S M I T H FARMS (18) A report from the Comptroller, Mr. Lloyd Morey, that "no change has taken place in the situation regarding the Fisher and St. Joseph farms, since my report of March 7, 1919 (pages 294-295), except that suits have been filed in the present term of the circuit court to quiet title on these farms. It is expected that these suits can be concluded and the titles corrected by about June 1, after which the transactions should be completed at an early date." "In accordance with the suggestion of the Executive Committee on March 15 (page 266), the Champaign farm has been placed in the hands of Mr. Charles M. Stahl, of Champaign, for sale at a price of $400 per acre, provided that the sale be completed by June 1, in which case the rights under the existing lease would be transferred to the purchaser."

The report was received for record.

LEASES FOR EXPERIMENTAL FARMS IN THE DEPARTMENT OF HORTICULTURE (19) A statement that Dean Davenport submits with his approval a request from Professor Blair for authority to make leases for experimental purposes in the department of horticulture. The leases proposed are as follows: 1. F. P. Anderson, Anna, Illinois, 225 trees. 2. A. L. McClay, Hillview, Illinois, ten acres for three years. 3. William Baker, Tonti, Illinois, ten acres for four years. 4. E. B. Walton, Anna, Illinois, two acres for two years. This is a renewal. I find from correspondence between Dean Davenport and President James that these leases do not represent new lines of work, but the continuance of old ones that have long been in progress but for which new leases from time to time have to be mad e The necessary papers are in hand, and I recommend the approval of these leases.

On motion of Mrs. Evans, these leases were approved.