Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 343]

EXTRACTED TEXT FROM PAGE:

1987]

UNIVERSITY OF ILLINOIS

333

The deed in the conveyance has been recorded with the Cook County Recorder of Deeds. In order for the deed to be appropriately registered (under the Torrens Title Registration System 1 ), a resolution must be adopted by the grantor approving the conveyance and by the grantee accepting it. The Medical Center Commission now has taken such action. Accordingly, the president of the University, with the concurrence of appropriate administrative officers, recommends that the following resolution of acceptance by the Board of Trustees be adopted. Resolution Whereas the Medical Center Commission, a body politic and corporate, duly organized and existing under and by virtue of the laws of the State of Illinois, is, pursuant to statutory authorization enacted by the General Assembly of the State of Illinois, and with the proper approval of the Governor of the State of Illinois as also provided by law, the Grantor in a conveyance of the real property, with the improvements located thereon, legally described in Exhibit A, which Exhibit A is attached thereto and is by this reference incorporated herein and made a part hereof; and Whereas the Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, is the Grantee of the real property and facilities located thereon. Now, Therefore, Be It, and It Hereby Is, Resolved, Found, and Declared by the Board of Trustees of the University of Illinois, a public corporation : 1. T h a t the conveyance, to the Board of Trustees of the University of Illinois of the real property described in Exhibit A, which is attached hereto and made a part hereof, and the facilities located on such property, be, and hereby is, approved, and the conveyance of title thereto be, and hereby is, accepted; 2. That the Comptroller and the Secretary of this public corporation be, and hereby are, authorized and directed, to execute any and all documents and take such other action in the name of, and on behalf of, this public corporation, as they may deem to be necessary' or desirable in order to effectuate the conveyance to this public corporation of said property and facilities, and the acceptance thereof, and the recording and registration of title thereto ; and 3. T h a t this resolution be, and hereby is, effective as of the date of its passage; and that all actions taken in accordance with the above prior to the date hereof be, and hereby are, ratified and confirmed.

Exhibit A

A parcel of land in the West Vz of the Southwest V of Section 18, Township 39 4 North, Range 14 East of the Third Principal Meridian, bounded and described as follows: Beginning at the intersection of the South line of West Campbell Park Drive and the West line of South Leavitt Street; thence South along the West line of said South Leavitt Street a distance of 215.51 feet to the Southeast corner of Lot 1 in the subdivision of Lots 4, 5, 6, 7, 8, and 9 of sub-block 4 of Foster's subdivision of blocks 3 and 14 in Morris and others subdivision of said West Vz of the Southwest V* of Section 18; thence West along the South line of Lot 1 aforesaid and its Westerly

1 The Torrens Tide Registration System secures titie to land by a single public record revealing the owner of the land. The system protects purchasers from invisible defects in title and eliminates the need for research into the chain of title.