Repository: UIHistories Project: Board of Trustees Minutes - 1926 [PAGE 200]

EXTRACTED TEXT FROM PAGE:

1925]

UNIVERSITY O F ILLINOIS

197

A n additional $300 of these bonds are available having been purchased by Treasurer Burke in connection with our order for the Gehrmann Fund. I would suggest that these be acquired to take care of small uninvested balances in other funds as follows: Plym Fellowship Endowment $200 (par value) Gregory Scholarship Fund $100 (par value) If you concur in this suggestion, I suggest that you call the Investment Committee together for the purpose of making recommendations to the Board of Trustees at its meeting next week. Cordially yours, Lloyd Morey Comptroller This matter was referred to the Finance Committee (see page 212). LOT 23, COLLEGE PLACE (5) A recommendation that the following resolution be adopted: W H E R E A S , The Board of Trustees on January 17, 1925, in regular meeting authorized an exchange with M r . T. F. McNeill of certain property at First Street and Armory Avenue, Champaign, for certain property in College Place, Champaign, A N D W H E R E A S , the property to be conveyed to T. F. McNeill in accordance with this action is described as follows: "A tract of land located at the Northeast Corner of Lot I of a subdivision of the South yi of Section 13, Township 19 North, Range 8 East of the 3rd P. M., described as follows: Beginning at the Northeast corner of said Lot and thence running West 137^4 feet, thence South 60 feet, thence East 137^4 feet, thence North 60 feet to place of beginning. "Otherwise described as a tract of land located at the Southwest intersection of First Street and Armory Avenue in Champaign, Illinois, having a frontage of 60 feet on First Street and 137H feet on Armory Avenue." N O W , T H E R E F O R E , W . L. Noble, President, and H . E. Cunningham, Secretary of the Board of Trustees of the University of Illinois, are hereby authorized and directed to execute, acknowledge, and deliver in its name a good and sufficient warranty deed of the premises above described to Thomas F. McNeill and Nannie McNeill. O n m o t i o n of M r s . E v a n s , this resolution w a s adopted. REQUIREMENTS FOR ACCREDITING HIGH SCHOOLS (6) The University Senate recommends that the present standard for teachers in the high schools desiring to be accredited to the University; namely, that "only those w h o have had four years' work of college grade, or w h o have done work equivalent to the same, should be appointed as teachers of the ordinary high-school curriculum," be changed to read that teachers of academic subjects shall have "preparation amounting to graduation from a standard college requiring 120 semester hours, or a reasonable equivalent in terms of college preparation." Exceptions to this rule are provided for in the case of teachers of long experience. The other details of accrediture remain as hitherto. O n m o t i o n of M r . W h a m , this r e c o m m e n d a t i o n w a s adopted.

PURCHASE OF COLLEGE PLACE LOT

(7) The Supervising Architect recommends the purchase of Lot 6 in College Place from H . A. Wedding for £9,000 plus paving and lighting assessments. The lot is 51^x114 feet and has a very excellent seven room house which the Supervising Architect proposes to use as a tenant house on the south farm. The Comptroller concurs in this recommendation and I recommend that the transaction be approved, the purchase made by the President and Secretary of the Board, and that the sum of £9,000 be appropriated for this purpose from the Reserve and Contingent Fund.