Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 411]

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UNIVERSITY OF ILLINOIS

409

satisfactory quality of coal. T h e amount of this coal which is available is limited, and the recommendation covers the tonnage which we believe can be obtained. T h e suggested contractors have all supplied coal to us in the past and have proved to be reliable. 2. T h a t a contract be awarded the Oakwood Coal Company for 8,000 tons at either 93 cents per ton F.O.B. their tipple or $1.75 F.O.B. delivered by their trucks. This Company operates a mine on State Highway No. 10 about twentyfive miles from the Power Plant. It has a well-equipped tipple and is producing a good grade of screenings. A preliminary survey shows that the University could purchase a truck and transport the coal at a cost of not more than 40 cents per ton including amortization of the cost of equipment, making the delivered cost about $1.30 per ton. If this coal is not hauled in a University truck it would be a good buy at $1.75 per ton delivered by the Company. 3. That a contract for 5,000 tons be awarded to either the Consumers Company or the Wisconsin Lime and Cement Company (or divided between these two), at a price of $1.80 per ton if the coal proves satisfactory; otherwise, to the Tilton Mining Company at a price of $1.83 per ton. T h e award is to be based on the result of tests to be made of the screenings as soon as they are available. Although trucked coal can be purchased for less than coal shipped by rail, it is inadvisable to depend upon the former source for all of the University's requirements because of the limited production of the mines of the companies which sell to the truckers, and because it would be necessary to store all of the coal thus purchased immediately on receipt. It is also advisable to have coal on freight cars for emergency use. The above quantities will meet the University requirements for the nine months ending in June, 1936. All contracts would provide for a leeway of ten per cent more or less than the quantities indicated, and all contracts will call for bonds in amounts equal to sixty per cent of the total amounts involved. On motion of Mr. Barrett, the award of contracts for the purchase of 20,000 tons of coal by truck at a uniform price of $1.50 a ton was authorized as recommended. On motion of Mr. Barrett, the award of a contract for the purchase of 8,000 tons of coal from the Oakwood Coal Company was authorized as recommended. On motion of Dr. Meyer, a contract for 5,000 tons of coal was awarded to the Tilton Mining Company at $1.83 a ton. Mrs. Plumb asked to be recorded as voting no on this motion. INSURANCE ON OLD CHEMISTRY B U I L D I N G (29) In accordance with the authorization of the Board of Trustees, July 26, 935 (Minutes, page 370), bids were secured on insurance on the Old Chemistry Building from twelve agencies, most of them local.

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SUMMARY OF R A T E S QUOTED PER $1,000

N CHEMISTRY BUILDING AND CONTENTS

Boyle, Flagg, and Seaman Gallivan Insurance Agency Monier and Morrissey L. M. Rovelstad Burton and Trelease Harry Wilcox C A. Atwood Dan Swannell Boggs and Cogdal Burton and Trelease Frank Smith L.L.Glenn

One Year $3.02 2.60 3.252 3.95 3.39 4.066 4.07 4.07 4.07 4.07 4.07 5.19

Two Years $528

520

6.504 6.92 6.78 7-II5 7.12 7.12 7.12 7.12 7.12 9.08

Three Years $7-55 7.80 9756 9.88 10.16 10.16 10.17 10.17 10.17 10.17 10.18 12.97

Four Years $ 9 81 10.40 13.008 12.80 13 21 13-21 13 21 13.21 13-21 1322 13-20 16.86

Five Years $12.08 1300 16.264 15 80 16.26 16.26 16.26 16.26 16.26 16.28 16.30 20.76