Repository: UIHistories Project: Board of Trustees Minutes - 1926 [PAGE 85]

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82

board of trustees

[October 25,

PURCHASE OF ALLEN PROPERTY

(4) A recommendation that an appropriation of $8,800 from the Reserve and Contingent Fund be made for the purchase of the Olie Allen property (Lot 160, College Place), and for payment of the lighting assessment thereon in accordance with the action of the Board of Trustees on September 26, 1924, and that the President of the Board, the Comptroller, and the Secretary of the Board be authorized to make the purchase in accordance with our usual procedure. O n motion of M r s . Evans, this recommendation w a s adopted. T h e appropriation w a s m a d e b y the following vote: A y e , M r . A r m strong, M r s : Blake, M r s . Busey, M r s . Evans, M r s . Grigsby, M r s . Ickes, M r . Noble, M r . Trimble; no, none; absent, M r . Blair, M r . Small, M r . Trees. A t this point, M r . Trees took his place with the Board.

AGRONOMY COTTAGE

(S) On February 14, 1924, the Board transferred the sum of $6,000 from the special appropriation for equipment for the College of Agriculture for the erection of a cottage for the Department of Agronomy. Professor White now advises me that we have a house in College Place which is suitable for use by the Agronomy Department, and he recommends that we move this house instead of building the Cottage. The cost of moving this cottage and putting i on a permanent foundation, complete and t ready for occupancy, will be about $3,000. I recommend that this cottage be assigned for this purpose, moved, and put on its foundation, in accordance with Professor White's suggestion, and that the cost thereof be met from the appropriation of $6,000 made on February 14, 1924, for an Agronomy Cottage. O n motion of M r s . Grigsby, this recommendation w a s approved.

INVESTMENT OF WOMAN'S RESIDENCE HALL FUNDS

(6) The Comptroller calls attention to the fact that we have a Depreciation and Replacement Fund on account of the Woman's Residence Hall amounting to approximately $76,000 which is being kept as a nucleus for another Residence Hall. The Comptroller recommends that we invest $70,000 of this fund in interest bearing securities, the income therefrom to be returned to the fund. I concur in this recommendation. O n motion of M r s . Evans, this recommendation w a s approved, and the Finance Committee w a s instructed to m a k e the investment.

APPROPRIATION FOR WOMAN'S RESIDENCE HALL

(7) On request of the Supervising Architect I recommend that the legislative appropriation of $250,000 for the erection of a Woman's Residence Hall be appropriated by the Board for the purpose for which the legislature made the appropriation. O n motion of M r s . Blake, this appropriation w a s m a d e , b y the following vote: A y e , M r . Armstrong, M r s . Blake, M r s . Busey, M r s . Evans, M r s . Grigsby, M r s . Ickes, M r . Noble, M r . Trees, M r . Trimble; no, none; absent, M r . Blair, M r . Small.

BIDS ON WOMAN'S RESIDENCE HALL

(8) A statement that the Supervising Architect, Professor James M . White, states that bids on the new residence hall are to be in on November 12 and that a few days later the contract should be awarded. O n motion of M r s . Blake, it w a s voted to hold the N o v e m b e r meeting of the Board at the Blackstone Hotel, in Chicago, at 10 o'clock a. m . on Saturday, N o v e m b e r 15, 1924.