Repository: UIHistories Project: Board of Trustees Minutes - 1922 [PAGE 25]

EXTRACTED TEXT FROM PAGE:

1920]

UNIVERSITY OF ILLINOIS

1$

R E I M B U R S E M E N T O F D R D. A. K. S T E E L E F O R LEC3AL E X P E N S E S

At this point, President Carr brought up the matter of the request of Dr. D. A. K. Steele to be reimbursed for certain legal expenses amounting to $1790.15 in connection with the .acquisition of the stock of the College of Physicians and Surgeons (see page 570, October 4, 1919). On motion of Mr. Abbott, seconded by Mr. Trimble, this request was granted and the Comptroller was authorized to pay Dr. Steele $1790.15 in full satisfaction of this claim. The vote was as follows': Aye, Mr. Abbott, Mr. Carr, Mrs. Evans, Mr. Hoit, Mr. Trimble; no, Mrs. Busey; absent, Mr. Blair, Mrs. Blake, Mr. Herbert, Mr^ Lowden, Mr. Ward.

PROPOSED AGREEMENT, MANUFACTURE O F COKE (25) A proposed agreement concerning the manufacture of coke from bituminous coal. PROPOSED AGREEMENT THIS AGREEMENT made on the . . . . . . . . day of . . . . . . . . 1920, between the Board of Trustees of the University of Illinois, a corporation operating under the laws of Illinois, hereinafter referred to as the University, party of the first part, E. B. Fulks of the City of Chicago in the State of Illinois party of the second part, and S. W. Parr and T. E. Layng, of Urbana, Illinois, parties of the third part* WITNESSETH: The University has heretofore adopted resolutions providing for cooperation between it and those who might be interested in the development of processes and of patents intended or designed for commercial use. Those resolutions contemplate that those who so cooperate with the University may expend their funds in furtherance of the creation and development of such processes and patents. The parties of the third part in anticipation of and in pursuance of such resolutions have been in cooperation and collaberation with the party of the second part and others in the perfection of a process for the manufacture of coke from bituminous coal. An amount in excess of Sixteen Thousand Dollars had already been expended by the party of the second part and his assignor, A. T. Hert, as a contribution for the prosecution of the investigation of the coking of coal at the University. The development of the process has reached a stage at which it is considered advisable and practicable to utilize the process for commercial purposes. The parties of the third part have made application for letters patent to the Patent Office of the United States for a patent on the process for coking coal, which has been perfected in the laboratories of the University at the cost and expense in part of the party of the second part and his assignor, A. T. Hert by the expenditure of the above mentioned sum. This agreement is made for the purpose of defining the rights and duties of the respective parties herein in the use of said process for commercial purposes; and in consideration of the premises it is agreed as follows: 1. The University has authorized and directed the parties of the third part to apply to the Patent Office of the United States for a patent on the said process f&r the coking of coal which has been perfected by them in the laboratories of the University in cooperation with the said A. T. Hert and the party of the second part. The University will authorize and direct the parties of the third part to apply for such patents in such foreign countries as may hereafter be designated by the University or agreed upon by all the parties hereto. If and when patents are issued by the United States or foreign countries then the parties of the third part shall immediately thereafter assign and quitclaim the same to the University for a consideration of One Dollar for each patent so issued.