Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 124]

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122

BOAKD OF TRUSTEES

[February 9

The Board of Trustees, by resolution adopted on June 11, 1932, allowed the Treasurer and the surety on his bond three years from June 9, 1932, in which to realize on the balance due from the old bank. The period of grace thus allowed expires, therefore, on June 9, 1935. The bond given by the Treasurer continues in full force with respect to this balance. Cordially yours,

LLOYD MOKEY

Comptroller

F I N A N C I N G RETIRING ALLOWANCES A N D DEATH BENEFITS

Mr. Trees recommended that the Board give immediate attention to the adoption of some satisfactory method of financing retiring allowances and death benefits. On motion of Mr. Barrett, this recommendation was adopted. At this point, Mr. Trees withdrew.

PATENT ON RUEHE PROCESS OF MAKING BUTTER

Mr. Barrett presented a recommendation of the Committee on Patents that Professor H. A. Ruehe and Mr. R. J. Ramsey be authorized to make application for a patent, to be assigned to the University, on their method of manufacturing or processing butter. On motion of Mr. Barr, this recommendation was adopted. The Board resumed its consideration of matters presented by the President of the University.

T HE UNIVERSITY OF ILLINOIS FOUNDATION

(28) A request from the Alumni Fund Board that the Board of Trustees of the University authorize the reorganization of the Alumni Fund under the corporate title, "The University of Illinois Foundation," and that provision for an appropriation of $10,000 a year for two years, beginning July 1, 1935, be made in the budget of the University for the next biennium to get the Foundation organized and started in its work with the understanding that further appropriations after that period would depend upon what had been accomplished. This matter has been before the Board of Trustees previously. The officers of the Alumni Fund Board request that, if funds for 1935-1936 cannot be provided, the plan be approved and the way left open for consideration of an appropriation for 1936-1937. On motion of M r . Armstrong, the plan to organize t h e University of Illinois Foundation was approved, and the President of the University was authorized to add an item of $10,000 a year, for the Foundation, to the budget to be presented to the General Assembly.

I N D E P E N D E N T SURVEY OF UNIVERSITY BUDGET

(29) A report that Dr. W. W. Charters, Director of Educational Research at Ohio State University, spent Monday and Tuesday, February 4 and 5, at the University organizing the proposed independent survey of the University budget for 1935-1937 and outlining the studies to be made to secure the necessary data and other information which he, as the educational member of the committee in charge of the budget survey, will require for his part of the work. Several of these studies are already under way. In view of the limited time now available for this budget survey it will be necessary for the Board to determine at this meeting whether or not the budget survey is to be continued with Dr. Charters alone in charge or if additional experts, either those originally suggested by the Board or others, shall be engaged. If the budget survey is to be made by Dr. Charters alone it will be necessary to secure the Governors approval for a one-man survey since the original proposal of the Board provided for a committee of three experts.