Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 172]

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BOARD OF TRUSTEES

[February 27

E X E C U T I V E C O M M I T T E E M E E T I N G , F E B R U A R Y 27, 1937 A meeting of the Executive Committee of the Board of Trustees of the University of Illinois was held at the Blackstone Hotel, in Chicago, on Saturday, February 27, 1937, during the recess in the meeting of the Board held on the same day. Mr. O. M. Karraker, Chairman, and Dr. Karl A. Meyer, members of the Executive Committee, were present; also Mr. George A. Barr, Mrs. Nellie V. Freeman, and Mr. Harold A. Pogue, members of the Board, Mr. Homer M. Adams, Mr. James M. Cleary, and Mr. Louis C. Moschel, members-elect of the Board, and President Arthur C. Willard, Mr. A. J. Janata, and Professor Lloyd Morey.

MATTERS PRESENTED BY PRESIDENT WILLARD

The Executive Committee considered the following matters presented by the President of the University.

EXPERIMENT FIELD I N FAYETTE COUNTY

(1) The Fayette County Farm Bureau has offered the University 120 acres of land described as E. Yi of N.E. J4, Sec. 22 and the S.W. % of N.W. *A, Sec. 23, T. 6 N., R. 2 E. of the 3d P.M., located in Fayette County, for use as an experimental field where experiments on rotations, soil treatment, variety tests, and pasturage can be carried out and be representative of southern Illinois conditions. If this land is accepted, the Agricultural Experiment Station proposes to discontinue the Unionville field in Massac County and to transfer the machinery now used there to the field in Fayette County. It will cost approximately $1,500 to fence the new tract and to construct the necessary small buildings for housing equipment. There is an oil lease on this land which has nine years more to run, but the Fayette County Farm Bureau will attempt to secure cancellation of the lease before the property is deeded to the University. I recommend acceptance of this offer, provided that the land can be conveyed to the University free of any leases, liens, or other encumbrances; and that an assignment of $1,500 be made from the General Reserve Fund for the necessary improvements. On motion of Dr. Meyer, this offer was accepted as recommended, and the appropriation was made by the following vote: Aye, Mr. Karraker, Dr. Meyer; no, none; absent, Mr. Barrett.

TRANSFER O F RECEIPTS T O T H E GENERAL RESERVE F U N D

(2) A report from the Comptroller that fees for the second semester have been collected in excess of previous estimates, to the amount of $15,000, and a recommendation that this additional amount be added to the General Reserve Fund. On motion of Dr. Meyer, this transfer was made as recommended, by the following vote: Aye, Mr. Karraker, Dr. Meyer; no, none; absent, Mr. Barrett.

I N S U R A N C E O N SECOND U N I T O F MEDICAL A N D DENTAL BUILDING

(3) A recommendation that an appropriation of $800 be made from the General Reserve Fund for insurance premiums on the second unit of the Medical and Dental Building to include the following coverage: Fire, Windstorm, and Hail, including the extended coverage of Tornado, Explosion, Riot, Civil Commotion, Vandalism, Aircraft, Motor Vehicle, and Smudge. The trust indenture requires that the property be insured to the full insurable value. The total premiums amount to $1,250 a year, but $450 of this will be charged against the building funds to cover the period from March 12, 1937, until the building is completed