Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 606]

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BOARD OF TRUSTEES

[January 20

When the bank was reorganized, sixty per cent of the deposits were made available immediately and forty per cent were covered by participation certificates in unrealized assets turned over to a Trustee for the benefit of the depositors. The amount thus paid to the University by Mr. Capron was $55,54271, reducing the balance due from him to $37,028.47. Since then dividends amounting to sixty per cent of the deposits covered by participation certificates have been paid to depositors, reducing Mr. Capron's liability to $14,811.38. From time to time the Board of Trustees has granted Mr. Capron extensions of time in the settlement of his account. The last extension was authorized June 26, 1935, and expired on June 11, 1937. Mr. Capron is requesting that a further extension be granted to June 11, 1939, under the same terms and conditions as heretofore, namely, that the provisions of the bond continue in full force and effect with respect to both himself and his sureties. If this request is approved, formal agreement on the part of Mr. Capron and other parties to the bond will be secured as in the past. O n motion of M r . Wieland, this extension of time was granted under the conditions stipulated. At this point, D r . Meyer withdrew.

BUILDING STUDIES

(29) In view of the Governor's veto of the appropriations for new buildings, the Director of the Physical Plant Department raises the question whether the Board wishes his Department to continue work on the plans for those buildings. On November 10 the Board appropriated $6,000 for building studies of the Chemistry and Agricultural Laboratories Buildings, of which a total of $313.48 has been expended. O n motion of M r . A d a m s , this appropriation was allowed to stand, and the President of the University was authorized to modify the assignments as may be necessary.

FURNITURE A N D FURNISHINGS FOR THE SECOND UNIT OF THE MEDICAL A N D DENTAL COLLEGE LABORATORIES BUILDING

(30) At the meeting of the Board on July 16, 1937, schedules of bids for furniture and furnishings for the second unit of the Medical and Dental College Laboratories Building were submitted and contracts were awarded by the Board to the lowest bidders. The schedule of bids received by the Physical Plant Department included bids from Mandel Brothers, Incorporated (Bid No. 12, $1,461.65 and alternate bid No. 12A, $325.74) for Venetian blinds. Because of the impossibility of getting a satisfactory guided blind and because the bidder could not conform with the requirements of alternate bid No. 12A, this bid was withdrawn and the Director of the Physical Plant Department recommended its rejection. In view of this the bid was not submitted to the Board. Subsequently the University decided to abandon the use of Venetian blinds, substituting ordinary window shades in their place. The Federal Emergency Administration of Public Works requires formal action by the Board rejecting this bid before it can close out the project and clear the final grant requisition for payment. Accordingly I recommend adoption of the following resolution: WHEREAS, on July 16, 1937, the Board of Trustees considered bids for furniture and furnishings for the second unit of the Medical and Dental College Laboratories Building (Illinois 1057-R), in which schedule was the lowest bid No. 12 of Mandel Brothers, Incorporated, on Venetian blinds in the amount of $1,461.65 and alternate bid No. 12A in the amount of $325.74; and WHEREAS, this bidder withdrew the bid because it was impossible to secure a satisfactory guided blind under the specifications, and because the bidder could not conform to the requirements of alternate bid No. 12A; NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees that the said bid of Mandel Brothers, Incorporated, for Venetian blinds be, and is hereby, rejected.

On motion of Mrs. Plumb, this resolution was adopted.