Repository: UIHistories Project: Board of Trustees Minutes - 1930 [PAGE 82]

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I928]

UNIVERSITY OF ILLINOIS

79

On motion of Mr. Trees, this appropriation was made, by the following vote: Aye, M r . Armstrong, M r . Barr, M r . Blair, Mrs. Busey, Mrs. Evans, Mrs. Grigsby, Dr. Noble, M r . Trees, M r . W a r d ; no, none; absent, Mrs. Ickes, M r . Small. A t this point, Mrs. Ickes took her place with the Board. APPROPRIATION FOR ARCHAEOLOGICAL EXPLORATIONS (6) I recommend that an appropriation of $600 be made from the Reserve and Contingent Fund for additional work in connection with the archaeological explorations which the University has been conducting in various parts of the State. O n motion of M r . Barr, this appropriation was made, by the following vote: Aye, M r . Armstrong, M r . Barr, M r . Blair, Mrs. Busey, Mrs. Evans, Mrs. Grigsby, Mrs. Ickes, Dr. Noble, M r . Trees, M r . W a r d ; no, none; absent, M r . Small. FINISH HARDWARE FOR LINCOLN HALL ADDITION AND M A T E R I A L S TESTING L A B O R A T O R Y (7) The Supervising Architect submits the following schedule of bids for finish hardware for the Lincoln Hall Addition and the Materials Testing Laboratory, which were opened on October 25 with President Armstrong of the Board present: Bids R'ddrrs Lincoln Hall Materials Addition Testing Laboratory Sargent & Co $2 750 00 $1 725 00 C. J. Werner 3 100 00 1 900 00 Holder Hardware Co 3 154 00 1 740 00 The Supervising Architect recommends, and I concur, that the awards be made to the low bidders who are Sargent and Company in both cases. O n motion of M r . Trees, this award was made. STEAM TURBINE FOR POWER PLANT (8) An appropriation of $30,000 was made at the June 29, 1928, meeting of the Board (special appropriations, page 738) for the purchase and installation of a new steam turbine in the Power Plant. The Supervising Architect reports that he has received bids on the turbine as follows: General Electric Company $16 850 Westinghouse Electric and Manufacturing Company 17 571 The order was placed with the General Electric Company. This report was received for record. DENTAL BUILDING BONDS (9) At various times, for example January 12, 1924, and November 19, 1925, you have authorized the Comptroller to purchase bonds of the College of Physicians and Surgeons outstanding against the Dental Building, provided he could get them at par or less. Under date of November 5, 1928, the Comptroller writes me that the University now owns $12,300 of the bonds on the Dental Building; that of this sum $7,600 is owned outright and is in our treasury and $4,700 represents investment of trust funds. The Comptroller now recommends that the portion of the bonds held by us representing investment of trust funds, namely, $4,700, be taken over by our general fund and the proceeds reinvested in other securities; and also that we cancel and retire the bonds which we own outright, amounting to $7,600. I concur in the Comptroller's recommendations and request an appropriation of $4,700 from the Reserve and Contingent Fund to pay into the trust fund the amount necessary for the redemption of these bonds.