Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 152]

EXTRACTED TEXT FROM PAGE:

1923]

UNIVERSITY OF ILLINOIS

149

Evans, M r s . Grigsby, M r . Noble, M r . Trees, M r . Trimble; no, none; absent, M r . Blair, M r . Herbert, M r . Small. At this point, at 12:30 p. m., a recess was taken. AFTERNOON SESSION, MARCH 13, 1923 When the Board convened after the recess, the following members were present: President Noble, M r . Armstrong, Mrs. Blake, Mrs. Busey, Mrs. Evans, Mrs. Grigsby, Mr. Trees. President Kinley was present; also Judge O. A. Harker, Legal Counsel, and Mr. A. R. Hall, counsel for Mr. and Mrs. Joseph Carter. The Board resumed its consideration of matters presented by the President of the University. CARTER TRUST (8) The trust deed for the Carter property, with the recommendation that the trust be accepted in its present modified form. O n motion of M r s . Blake, the action taken on M a r c h 12, 1923, authorizing the Executive Committee to accept this gift (see page 138) w a s rescinded. On motion of Mrs. Evans, the following resolutions were adopted: Whereas Joseph Carter and Jane P. Carter of the village of Rankin, Illinois, have tendered to the Board of Trustees a deed creating a trust for educational purposes in language andfiguresas follows: DEED CREATING A PUBLIC TRUST FOR EDUCATIONAL PURPOSES. The Grantors, Joseph Carter and Jane P. Carter, husband and wife, jointly and severally, and each as spouse of the other, of The Village of Rankin, in the County of Vermilion and State of Illinois, for and in consideration of One and 00/100 Dollars, in hand paid, and other good and valuable consideration, convey and warrant to The Board of Trustees of the University of Illinois, and to their successors in office, a public educational corporation, duly created, organized and existing under, and by virtue of, the laws of the State of Illinois, of the County of Champaign, in the State of Illinois, to be held by said Grantees, in trust, in perpetuity, solely for the educational purposes hereinafter specified and declared by said Grantors, the following described premises, to-wit: CARTER-PENNELL TRUST FARM NO. 1: Being the following tracts.—Beginning at the Northeast corner of the Northeast Quarter of Section Eleven (11), in Township Twenty-three (23) North, Range Fourteen (14) West of the Second Principal Meridian, in Vermilion County, Illinois, and running thence West One Hundred Sixty (160) rods, thence South One Hundred Eight (108) rods to the Southwest corner of the land now owned by said Grantors thence East, parallel with the North line of the right-of-way of the Lake Erie & Western Railroad Company, Eighty (80) rods, to an alley or driveway, known as Carter's Alley, along the outside of Carter's First and Second West Additions to The Village of Rankin, Illinois, thence North, North-easterly and East, along the outside line of said Carter's Alley, to the West end of North Avenue, in said Village of Rankin, thence East along the North line of said North Avenue, to the Southwest Corner of Carter's Third Additiontosaid Village of Rankin, thence North One Hundred Sixteen (it6) feet thence East to the East line of said Northeast Quarter of said Section Eleven