Repository: UIHistories Project: Board of Trustees Minutes - 1930 [PAGE 273]

EXTRACTED TEXT FROM PAGE:

27°

B O A R D O F TRUSTEES

I July 17

Addition to Power Plant (Boiler House addition and equipment, new deep well, and nitration plant) .. $ 250 000 Agricultural Buildings and Equipment (Completion of Cattle Feeding Plant and Agronomy Seed House) 115 000 O n motion of M r s . Evans, this appropriation w a s m a d e , b y the following vote: A y e , President Armstrong, M r s . Busey, M r s . Evans, M r s . Grigsby, D r . Noble, M r . Simpson; no, none; absent, M r . Barr, M r . Blair, M r . E m m e r s o n , M r . Fisher, M r . Trees. INSURANCE ON CHICAGO PROPERTIES (23) On report from the Comptroller that fire insurance amounting to $30,000 on the Medical Building and contents, and $6,000 on the Pharmacy Building and contents was due to expire on July 16, 1929 (before the date of this meeting), I consulted the President of the Board concerning the renewal of this insurance. The Comptroller had submitted the following bids which he had secured on a renewal for three years (to make the insurance expire at approximately the same date as other insurance on the Chicago properties): (Bids based on 80 per cent co-insurance clause) $30,000 $6,000 Medical South portion Building Pharmacy Building Agency Rates per $100 Rollins, Burdick, Hunter Company... $-53 ?-57 McKey & Poague .59 .59 W . A. Alexander & Company .85 .65 Prussing & Company 1.35 .85 He recommended that this insurance be placed with Rollins, Burdick, Hunter Company, the lowest bidders, at the rate of 53 cents per $100 on the Medical Building and 57 cents per $100 on the Pharmacy Building. The premium amounts to $193.20. There is also needed an additional sum of $45.50 to pay the premium on a policy on the north portion of the Pharmacy Building, which was cancelled by one company and assumed by another at the same rate but maturing at a later date than the original policy. Other similar adjustments may be necessary during the year. The President of the Board authorized m e to have the Comptroller place the insurance in accordance with his recommendations. I request confirmation of m y action in authorizing the placing of this insurance and recommend that the sum of $500, or so much thereof as may be necessary, be appropriated from the Reserve and Contingent Fund to cover the cost thereof, and for necessary adjustments during the current year. On motion of Mrs. Evans, the action of the President was confirmed, and the appropriation w a s m a d e , b y the following vote: A y e , President Armstrong, M r s . Busey, M r s . Evans, M r s . Grigsby, D r . Noble, M r . Simpson; no, none; absent, M r . Barr, M r . Blair, M r . E m m e r s o n , M r . Fisher, M r . Trees.

APPROPRIATION FOR PUBLICATION OF HISTORY OF CAMPUS PLAN

(24) Some time ago members of the Board expressed a desire to have the "History of the Growth and Development of the Campus Plan" brought down to date. Accordingly, at Professor White's suggestion, Assistant Professor T. E. O'Donnell was engaged to do this. The original history was prepared by Mr. L. Deming Tilton, formerly of Professor White's staff. The manuscript of the history has now been completed.