Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 412]

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1924]

UNIVERSITY OF ILLINOIS

409

GRADUATE SCHOOL FELLOWSHIPS AND SCHOLARSHIPS

(8) A recommendation, on request of the Dean of the Graduate School, that the usual appropriation of $25,000 be made from the funds of 1924-25 for stipends of Graduate School Fellowships and Scholarships for the year 1924-25. O n motion of M r s . Grigsby, this r e c o m m e n d a t i o n w a s adopted.

PURCHASE OF NEVADA STREET PROPERTY

(9) The following report from the Comptroller: February 4, 1924 President David Kinley, University of Illinois M y dear President Kinley: I a m sending you a summary of what has been done in the Mitchell-Walcott matter, relating to the purchase of the property at 1117 Nevada Street. In accordance with the action of the Board at the last meeting the contracts with W . W . Mitchell were executed providing for (a) the cancellation of the rental agreement for the property; (b) the sale of the property by Mr. Mitchell to the University. The abstract of the property was examined by Judge Harker and approved by him. The sums due Mr. Mitchell on both of these contracts have been paid in full and he has acknowledged receipt thereof. I have also advised Mr. Walcott of the fact that Mr. Mitchell's interest in his contract with Mr. Walcott has been assigned to the Board of Trustees. I have remitted to Mr. Walcott for all sums due on the contract payable by the University as of February 5, 1924, and have received an acknowledgement by him that all amounts due on the contract to that date have been paid. There remains still payable on the contract the sum of #1800 due February 5, 1925, with interest at 6 % from February 5, 1924, payable semi-annually. W h e n these payments have been made Mr. Walcott is under contract to make a warranty deed to the property. Should he insist on making that deed to Mr. Mitchell, then Mr. Mitchell is also under contract to make a deed to the Board of Trustees. I have placed on record Mr. Mitchell's assignment of the Mitchell-Walcott contract, and the contract of sale from Mr. Mitchell to the Board of Trustees. Very truly yours, Lloyd Morey Comptroller

This report was received for record. RESIGNATION OF MR. C. A. PETRY

(10) Mr. C. A. Petry, of the staff of the Supervising Architect, wrote Professor White under date of January 23, stating that after February 1 he will be associated as a partner in a local contracting firm and wishes his resignation to take effect February 1, or as soon thereafter as may be convenient for the University. In connection with Mr. Petry's resignation, Professor White wrote m e the following letter: Dear President Kinley: I a m enclosing Mr. Petry's resignation to take effect February 1. It is with much regret that I recommend the acceptance of this resignation, but I should like to recommend that it be not effective until the first of May. Mr. Petry has had only two weeks' vacation in the last two years and is entitled to an extension of this date on that score, but in addition he will be able to give us quite a large amount of time—probably equal to half time—up to the first of May, and we need his services very badly in getting all of this new work started. Yours truly,

James M. White

Supervising Architect