Repository: UIHistories Project: Board of Trustees Minutes - 1932 [PAGE 571]

EXTRACTED TEXT FROM PAGE:

1932]

UNIVERSITY OF ILLINOIS

569

This report was received for record. ILLINOIS ORCHARD COMPANY BONOS 5. A report that $2500 of bonds of the Illinois Orchard C o m p a n y which have matured have not been paid, because the company has not refinanced its obligations. On motion of Mr. Blair, this matter was referred to the Finance Committee to secure further information and to make a recommendation to the Board. P R O T E C T I O N O F SECURITIES 6. A letter from Judge Johnson on the protection the Board has with respect to securities, representing permanent investments, deposited with the First Union Trust and Savings Bank of Chicago. This matter was referred to the Finance Committee for further investigation. TREES PLANTED O N C A M P U S Mrs. Hopkins, for the sub-committee on Landscaping, reported that 150 additional elm trees have been planted on the campus. NEW ATHLETIC FIELD Mr. Armstrong, for the Committee on Buildings and Grounds, presented a recommendation that the Board approve a recommendation of the sub-committee on Landscaping that the north portion of the Athletic Association tract be set aside as the site of the n e w baseball field. O n motion of M r . Blair, this recommendation was adopted. MATTERS PRESENTED BY PRESIDENT CHASE The Board resumed its consideration of matters presented by the President of the University. MORROW HALL RENTAL (IS) A recommendation from the Supervising Architect that the action of the Board of Trustees on January 30, 1915, authorizing a rental charge of $7.50 "for the use of Morrow Hall for musicals and similar entertainments " (Minutes, page 303) be rescinded and that student organizations be permitted to use this hall free of charge, except for any special arrangements required for the staging of productions, in which case a charge will be made only for the actual cost of this work. O n motion of Mrs. Grigsby, this recommendation was adopted. MONROE STREET SEWER ASSESSMENT (16) A report from the Supervising Architect and the Comptroller that an additional assessment has been made against the University's property in Chicago amounting to $1,119 (if paid on or before September 30, 1933, subject to discounts on any sums paid prior to that date) on account of the Monroe Street sewer improvement project. This assessment was considered by the Board on May 9, 1930 (Minutes, page 581), when i was reported as amounting to t $2,196.45; the payment of this amount was authorized. The additional assessment is made against University property not included in the original amount. It did not come to the University's attention before because the assessment was incorrectly entered against the Board of Education of Chicago. The Supervising Architect and the Comptroller recommend acceptance of this additional assessment, to be paid on or before September 30, 1933, and charged to the funds for Physical Plant Extension.