Repository: UIHistories Project: Board of Trustees Minutes - 1928 [PAGE 548]

EXTRACTED TEXT FROM PAGE:

I928]

UNIVERSITY OF ILLINOIS

545

the Council of Administration in the development of efficient business systems for such organizations," and that the following be adopted: The Comptroller is permitted at his discretion to act as treasurer of student and other organizations affiliated with the University, on request of the Council of Administration, but without any liability on the part of the Board of Trustees of the University of Illinois. In all cases the accounts of these organizations shall be kept separate from the University accounts and the funds of said organizations shall be kept apart from University funds. O n motion of M r s . Evans, this recommendation w a s adopted. AUTOMOBILES IN UNIVERSITY USE (27) A statement concerning automobiles owned by the University and the use of privately-owned machines for University purposes; also a statement concerning accidents. O n motion of D r . Noble, this matter w a s referred to a special committee, consisting of President Trees and M r . Armstrong, to confer with the Legal Counsel and report at the next meeting. DEATH OF MR. MARCUS RUSSELL (28) I wish to report that Mr. Marcus Russell, who on March 31, 1926, turned over to the University certain securities to be used after his death to establish a loan fund for students, passed away on January 15, at the home of his son, Professor F. A. Russell, in Urbana. The terms of Mr. Russell's gift provide that after his death the securities, together with the interest thereon, shall be collected or sold and the proceeds set apart as a fund for loans to needy and worthy students attending the University. During his life the income from these securities went to Mr. Russell, in accordance with the terms of the deed of gift (minutes, April 14, 1926, page 558). I therefore recommend that the Marcus Russell Loan Fund for students be established and that the funds be made available for loans to students. O n motion of M r s . Evans, this recommendation w a s adopted. O n motion of M r . Armstrong, the Comptroller and the Treasurer were authorized to sell the following securities belonging to this fund to supply m o n e y for loans: Seventh and Grand A v e n u e Building C o m p a n y bonds, $3000 Methodist Hospital of Southern California bonds, $3000 S a n Diego County W a t e r C o m p a n y bonds, $5000 American Toll Bridge C o m p a n y bonds, $4000. BIDS FOR LINCOLN HALL ADDITION (29) The Supervising Architect requests authority to advertise for and to receive bids for the west wing of Lincoln Hall, the plans for which were approved at the meeting of October 12, 1927. I recommend approval. O n motion of M r s . Evans, this authority w a s granted. PLANS AND BIDS FOR MATERIALS TESTING LABORATORY (30) The Supervising Architect requests approval of the plans for the Materials Testing Laboratory and authority to advertise for and to receive bids on its construction. I recommend approval. O n motion of M r s . Ickes, these plans were approved and authority w a s granted as recommended.