Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 802]

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I936l

UNIVERSITY OF ILLINOIS U N I V E R S I T Y O F ILLINOIS

799

CERTIFIED COPY of a portion of the minutes of the regular June meeting of the Board of Trustees of the University of Illinois, held at the Blackstone Hotel, in Chicago, on Monday, June 29, 1036, in which is incorporated A RESOLUTION

AUTHORIZING THE EXECUTION ON BEHALF OF THE BOARD OF A YEAR TO YEAR LEASE ACCEPTING THE DEMISE OF THE MEDICAL AND DENTAL COLLEGE BUILDING IN CHICAGO, I L L I N O I S , A N D PROVIDING FOR T H E CREATION OF T H E M E D I C A L A N D D E N T A L COLLEGE BUILDING TRUST F U N D AND FOR OTHER PURPOSES mentioned in the

minutes. The Board of Trustees of the University of Illinois met at the Blackstone Hotel, in Chicago, Illinois, at 10 a.m. on the twenty-ninth day of June, 1936, being a regular meeting of the Board. The meeting was called to order by Mr. Orville M. Karraker, President of the Board, and on roll call the following were found present: Mr. Barrett, Mrs. Freeman, Mr. Karraker, Mr. Mayer, Mr. Pogue, Mr. Williams; and the following members were absent: Mr. Barr, Mr, Horner, Dr. Meyer, Mrs. Plumb, Mr. Wieland. The President of the Board, after roll call by the Secretary of the Board and the report by the Secretary that due notice had been served on all members, announced that a quorum was present for the conduct of business. The Secretary then read the following from the minutes of the last regular meeting of the Board, held May 27, 1936: "On motion of Mr. Barrett, the Board voted to hold the June meeting at a date to be fixed by the President of the Board." The President then announced that June 29, 1936, was the date fixed by him for the June regular meeting. The notice of the date so fixed for this meeting was read and ordered recorded upon the minutes and is as follows: "The June meeting of the Board of Trustees of the University of Illinois will be held at the Blackstone Hotel, in Chicago, at 10 o'clock a.m. (Chicago time) on Monday, June 29, 1936."

H. E. CUNNINGHAM

Secretary The Secretary then reported that the foregoing notice had been duly mailed, postage prepaid, to all of the members of the Board and that said notice had been received by all of said members more than five days prior to the date of this meeting. The President then announced that due notice had been given of the meeting and that a quorum was present for the conduct of business. Mr. Arthur Cutts Willard, President of the University, then presented

the following resolution: "A RESOLUTION AUTHORIZING THE EXECUTION ON BEHALF OF THE BOARD OF A YEAR TO YEAR LEASE ACCEPTING THE DEMISE OF THE MEDICAL AND DENTAL COLLEGE BUILDING IN CHICAGO, ILLINOIS, AND PROVIDING FOR THE CREATION OF THE MEDICAL AND DENTAL COLLEGE BUILDING TRUST F U N D , AND FOR OTHER PURPOSES."

Be it resolved by the Board of Trustees of the University of Illinois: Sec. 1. That the Board of Trustees of the University of Illinois (herein sometimes called the "Board") has found and determined and does hereby declare: (a) That pursuant to an act of the Legislature of the State of Illinois, entitled "An Act to authorize the Board of Trustees of the University of Illinois to create trusts, to convey property in trust, to enter into trust agreements providing the powers and duties of the trustee and providing for the issuance of bonds by such a trustee and providing for the payment and securing thereof; to enter into year to year or other leases, to pledge for the performance of its obligations under such leases certain receipts and collections which the Board is authorized by 'An Act to amend Section 6 of "An Act in relation to State Finance," approved June 10, 1919, as amended,' approved July 11, 1935, to retain in its own treasury, and to enter into covenants with the United States or any agency thereof and to take other action for the purpose of obtaining grants from the United States to aid in financing the construction and equipping of