Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 461]

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1935]

UNIVERSITY OF ILLINOIS

459

Lease renewals in accordance with provisions of original leases approved by the Board of Trustees on December 4, 1929 (Minutes, page 454) and November 10, 1933 (Minutes, page 412): With Whom Property Harry P- Irvin South Carter-Pennell Farm John Wiemken North Carter-Pennell Farm Minor agreements- executed under the Trustees: Amount to be With Whom paid by the University Illinois Bell Telephone Co. £9.00 per month Remington Rand, Inc. gi8.oo per month Tenure Date One year from March 1, 1936 Sept. 19, 1935 One year from March 1, 19.16 Sept. 19, 1935 general regulations of the Board of Purpose Date

Rental of one program supply cir- July 19, 1935 cuit for Radio Station WILL Rental of Dexigraph equipment August 6, 1935 for Registrar's Office

This report was received for record.

AGREEMENT WITH H. S. C A P R O N , FORMER TREASURER, FOR EXTENSION OF TIME OF SETTLEMENT OF ACCOUNT (4) At the meeting of the Board on July 26, 1935 (Minutes, page 369), Mr. H. S. Capron, former Treasurer of the University, was granted an extension of lime for the settlement of his account upon the general terms and conditions of the action of the Board of Trustees taken on June 11, 1932 (Minutes, page 606), and agreed to by Mr. Capron and his sureties on June 16, 1932. The Comptroller and the University Counsel were instructed to draft an agreement and secure the necessary signatures. T h e Comptroller reports that this has been done and the following agreement has been signed by Mr. Capron and his sureties extending the time of final settlement for an additional period of two years, or until June II, 1937: "Conformably with the action taken by the Board of Trustees of the University of Illinois on June 26, 1935, granting conditionally the request of Hazen S. Capron, former Treasurer of the Board, for an extension of two years in which to make final settlement on the balance of his account as former Treasurer, upon the general terms and conditions of the action of the Board of Trustees of the University of Illinois taken on June 11, 1932, and pursuant to an agreement signed by Hazen S. Capron and his sureties under date of June 16, 1932, we, the undersigned, principal and sureties on the bond of Hazen S. Capron as Treasurer of the Board of Trustees of the University of Illinois, join in this request of Hazen S. Capron for an extension for an additional period of two years in order to enable the Trustees of the depositors of the First National Bank of Champaign to liquidate, as far as possible, the assets which came into their hands from the now defunct First National Bank of Champaign. It is understood and agreed by us, the undersigned, that if such an extension of time be granted for an additional period of two years, the Treasurer's bond and our liability thereunder will continue in full force and effect and that our obligations thereunder will remain in full force, wholly unaffected by this grant of extension of time to the Treasurer, Hazen S. Capron, and to us, to account fully for all moneys received by him as such official, it being understood that any dividends received by the Board of Trustees of the University of Illinois from the assets of the First National Bank of Champaign, now held in trust by trustees and in course of liquidation, shall be applied to reduction of the liability under the Treasurer's bond aforesaid. "It is further understood and agreed by us that this extension of time is granted on the same terms and conditions as were made the basis of the extension granted by the Board of Trustees of the University of Illinois on June 11, 1932."

H A Z E N S. CAPRON NEWTON M. H A R R I S BRUCE BORNHAM H A R R I S BARBARA H. DOBBINS J U L I A H. DODDS

This report was received for record.