Caption: Board of Trustees Minutes - 1936
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1936] UNIVERSITY OF ILLINOIS 507 Section 2. That said Board of Trustees of the University of Illinois agrees to abide by all the rules and regulations relating to such loan and grant, a copy of which rules and regulations were annexed to the Government's offer and made a part thereof. Section 3. That the Secretary of the Board of Trustees be and he is hereby authorized and directed forthwith to send to the Federal Emergency Administration of Public Works three certified copies of this Resolution and three certified copies of the proceedings of this Board in connection with the adoption of this Resolution, and such further documents or proofs in connection with the acceptance of said offer as may be requested by the Federal Emergency Administration of Public Works. PREMIUM FOR PAYMENT BEFORE MATURITY On motion of Mr. Barr, the President of the University was authorized to communicate with the University Counsel, Judge Johnson, in Washington, to present the matter of obtaining the privilege of repaying the bonds before maturity without the penalty of the premiums included in Section 1 (i) of the offer of the Federal Emergency Administration of Public Works. UNIVERSITY OF ILLINOIS F O U N D A T I O N DESIGNATED AS TRUSTEE On motion of M r . K a r r a k e r , the following resolution was adopted. RESOLUTION No. 2 Whtreas, The offer of the United States Government to provide funds for the construction of a Medical and Dental College Building in Chicago, which offer has been accepted, provides that a Trustee shall be appointed by this Board subject to the approval of the United States Government for the purpose of carrying out certain provisions of the offer of funds, Therefore be it resolved, That the University of Illinois Foundation, a corporation not for profit, organized under the laws of the State of Illinois, be and hereby is appointed Trustee for the purposes specified in the offer of funds from the United States Government, this appointment to be subject to the approval of the United States Government. COMPTROLLER DESIGNATED TO SIGN DOCUMENTS On motion of Mr. Barrett, the following resolution was adopted. RESOLUTION No. 3 Resolved, That Lloyd Morey, Comptroller of the Board of Trustees, be and hereby is designated as the officer to sign for this Board all requisitions, certificates, and other documents required by the United States Government in connection with securing from it the funds accruing under the grant and loan for financing the construction of the Medical and Dental College Building in Chicago. CONVEYANCE OF TITLE TO SITE OF BUILDING On motion of Mr. Barrett, the following resolution was adopted by the following vote: Aye, Mr. Barr, Mr. Barrett, Mrs. Freeman, Mr. Karraker, Mr. Mayer, Dr. Meyer, Mr. Wieland, Mr. Williams; no, none; absent, Mr. Horner, Mrs. Plumb, Mr. Pogue.
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