Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 462]

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460

BOARD O F T R U S T E E S

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BABCOCK E N D O W M E N T F U N D SETTLEMENT OF COLLATERAL SECURITY NOTE (5) On December 20, 1933 (Minutes, page 426), the Board of Trustees authorized the Finance Committee to make the best possible settlement on the Shelton notes, received as a part of the Babcock Endowment Fund. The Finance Committee authorized the Comptroller to accept the sum of $1,000 and accrued interest in full settlement of notes having a principal sum of $1,350, with the understanding that all unpaid taxes would also be taken care of by Mr. Shelton. He reports that this proposal recently has been accepted and settlement has been made by the parties concerned in accordance therewith. T h e Shelton notes were a collateral security to a second mortgage note of J. H. Boyden of the principal sum of $6,440.46. T h e amount received on the principal account of the Shelton notes, therefore, has been endorsed as a payment on the Boyden note, reducing the principal sum of the latter to $5,440.46. T h i s r e p o r t w a s received for record. LEASES OF CARTER-PENNELL FARMS (6) A report that on recommendation of the Dean of the College of Agri culture the leases of Messrs. John Wiemken and H. P. Irvin, tenants on the Carter-Pennell farms, have been extended for one year from March 1, 1936, in accordance, with the provision in the leases that they may be renewed for an additional year if notice is given by September 1 preceding the expiration period. T h i s r e p o r t w a s received for record. PATENT OF H. F. JOHNSTONE FOR REMOVAL OF SULPHUR DIOXIDE FROM FLUE GASES (7) T h e University Counsel reports that the following patent applications of Dr. H. F. Johnstone have been allowed by the Patent Office: Case No. 1, Serial No. 500,684, method of removal of sulphur dioxide from flue gases—allowed August 27, 1935, with nine claims. Case No. 2, Serial No. 582,039, apparatus for removal of sulphur dioxide from flue gases—allowed September 7, 1935. T h i s r e p o r t w a s r e c e i v e d for r e c o r d . REPORT ON CLAIM ON ACCOUNT OF DEATH OF CHARLES L. PAPAGIANE (8) On July 26, 1935 (Minutes, page 380), a report was made to the Board of a claim filed by Louis Papagiane against the University on account of the death of his son, Charles L. Papagiane, on May 6, 1935, as a result of injuries received while engaged in a boxing tournament. This matter was referred to the University Counsel. The question of the University's liability was submitted to the Attorney General of Illinois, who concurs with the University Counsel that there is no liability and no power to compromise without a suit. T h e attorneys for the father of the deceased have been advised of this. T h i s r e p o r t w a s received for record. HARKER SCHOLARSHIP PRIZES (9) On September I I , 1934 (Minutes, page 30), a report was made of the receipt from Judge O. A. Harker, Professor of Law, Emeritus, of securities in the amount of $2,000 bearing interest at five per cent to endow scholarship prizes in the College of Law, and that he expected to increase this endowment to $3,000, from which an income of $150 a year might be expected to accrue. Judge H a r k e r has turned over to the University the additional $1,000 which the Comptroller has been authorized to deposit to the credit of the endowment fund. In view of the uncertainty that an income of five per cent will always be realized from this endowment, Judge H a r k e r has authorized the following statement of the conditions governing these prizes, to replace the previous statement published in the Minutes: "Judge 0. A. Harker, Professor of Law, Emeritus, who was Dean of the College of Law from 1903 to 1916 and again in 1920-21, has endowed two annual prizes; the annual income on two thousand dollars to the senior making the