Repository: UIHistories Project: Board of Trustees Minutes - 1926 [PAGE 129]

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126

board of trustees

[ D e c e m b e r 13,

covering the Schofield Medical Missionary Scholarship Fund. This matter has long been pending. It was presented to the Board of Trustees on March 15, 1919, and was then referred to the President of the University with power to act. O n January 24, 1921, you wrote m e indicating the basis on which you desired a new contract drawn. The enclosed agreement covers the suggestions made in that letter. The Officers of the Society have advised m e that they are now ready to sign this agreement. I would, therefore, ask your authority to execute it for the Board of Trustees. By way of explanation for the long delay, I may say that the parties most concerned were absent on a foreign trip for an extended time and it was impossible to get any action. After their return a long time has been consumed in negotiations and consideration by the Society. N o appointments have been made during this period. The income simply accumulated in the fund. It is now sufficient to increase the permanent principle to $2,500 which I suggested to the Society be done and which the Society has accepted. The original principal of the fund was $2,000. Cordially yours, Lloyd Morey, Comptroller AGREEMENT THIS A G R E E M E N T , Made and entered into this ..day of 1924, by and between the Board of Trustees of the University of Illinois, party of thefirstpart, and the Northwestern Branch of the Woman's Foreign Missionary Society of the Methodist Episcopal Church, party of the second part. W I T N E S S E T H : The party of thefirstpart, in consideration of the sum of T w o Thousand Five Hundred ($2,500) Dollars, paid to it by the party of the second part, the receipt of which is hereby acknowledged, agrees to establish a permanent fund to be known as the "Emily W . L. Schofield Medical Missionary Scholarship Fund," the income of which shall be used to provide one perpetual scholarship in the College of Medicine of the University of Illinois to be known and designated as the "Emily W . L. Schofield Scholarship of the Northwestern Branch of the Woman's Foreign Missionary Society of the Methodist Episcopal Church," the beneficiary of which shall be nominated by the party of the second part. Said scholarship shall cover tuition in the said College of Medicine of the University of Illinois, in whatever grade or year the student m a y be qualified to receive instruction, including also matriculation,finalexaminations, material necessary for illustrative and practical work, and all college and hospital instruction such as m a y be given to other students of the same year and qualifications. Any student who has been a beneficiary of this scholarship for one or more years shall be entitled in any subsequent year to enter said College as a student on the same conditions as are required of a non-beneficiary student of the same yearly grade. It is agreed that any student nominated as a beneficiary under said scholarship shall be subject to all the conditions required for admission and graduation, responsibility for the breakage of furniture and laboratory appliances, and to all other rules and regulations of the University of Illinois. It is agreed that if the party of thefirstpart should cease or fail to provide complete medical education for women, according to the standard required by other regular Schools of Medicine in good standing, that is shall repay to the party of the awardedscholarship.years, case surplusfull. to said isshallor successors. these covenants the expense of part for the establishment ship It part the amountinthat met by the that accruing as aand appointed scholarships of the partyyearthefirstbeentono beneficiary isshall besecond allupon bothto thisbe paid theirin agreed that, paid provided party nominated result thereof parties and second any of or second any it in income of the binding previous shall scholarassigns have further agreed part