Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 451]

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448

B O A R D OF T R U S T E E S

[April 12,

Trust Farm No. I, containing approximately 186 acres, was under yearly lease to Mr. John Pitzer, of Rankin; the other, designated as Trust Farm N o . 2, was leased to Mr. Leslie Irvin. It seemed advisable to change the tenant on Trust Farm No. I, and Mr. Pitzer was given written notice August i, 1923, according to conditions in the lease, that the University did not care to renew the lease for another year. Mr. Claude McDonald of Rankin was secured as tenant in the place of Mr. Pitzer and is now on the farm. The lease with Mr. McDonald was approved as far as the legal phases were concerned by the Legal Counsel, Judge Harker, and as for the other provisions, by the Department of Farm Organization and Management of the College of Agriculture. The lease with Mr. Irvin on Trust Farm No. 2 wasextended for one year. According to the Trust Deed, Mr. and Mrs. Carter were to receive the receipts of the farms for 1923. During the summer, however, they decided that it would not be necessary for them to receive the income of the farms for that year, and during the year have turned the income into the University as shown in the following report from the Comptroller. Statement of Receipts and Disbursements—March i, 1924 Receipts From Fred C. Leach, Aug., 1923 Rent on Farm No. 2. $262 79 Joseph Carter, Sept., 1923. . .Sale of Crops (home farm) Winter wheat $ 86 76 Oats 3 8 4 2 0 47096 $733 75 Disbursements T o Joseph Carter, Feb. 1924. . Seed . 58 62 Repairs 40 00 Champaign News Gazette Advertising farm Fence 43 00 2 52 Gas for rent Engine 40 So 182 12 184 64 Balance March I, 1924 $549 11

Lloyd Morey

Comptroller There have been deposited in the safe keeping of the Secretary of the Board of Trustees, the following records and documents concerning the Trust Farms:1 Correspondence about ditch on Section 12 Blue prints of ditch (obsolete) Plan of part of tile laid on Section 12 Warranty deed on Section 12 and Survey of farm Agreement with Village of Rankin, in relation to sewer on Section 12 Statement showing amount paid for paving of street. Contract Receipt for paving Village assumes care and risks for paving Receipt for tax for water mains, etc. In addition to these papers, the leases with Mr. Pitzer (former tenent on Trust Farm No. 1) and with M r . Irvin, tenant on Trust Farm No. 2, are onfilein Dean M u m ford's office. It will be necessary to make some repairs on the buildings and to replace and repair some of the fences on both farms. Some one should be authorized by the Trust Committee to take the responsibility of acting for the committee in such matters. As soon as the Dean of the College of Agriculture knew that the Ca-rter-Pennell JAs listed in accepted by the of Transmittal, August provision that but ten percent of farms had been Mr. Carter's 'etterUniversity under the25, 7923, to Dean Mumford. the gross receipts of the farm could be used for the upkeep and administration of the farms, a successful attempt was made to have that provision of the deed interpreted,