Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 281]

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270

BOARD OF TRUSTEES

[May 16

Recommendation of the University Patent Committee

(22) The University Patent Committee recommends that the following action be taken with regard to an invention made at the University of Illinois. Background information concerning this case has been sent to the Committee on Patents of the Board of Trustees. Vaccine for Bovine Anaplasmosis Using Cell Culture Derived Antigens — Miodrag Ristic, professor of veterinary pathobiology and in Veterinary Programs in Agriculture, and Michael G. Levy, formerly assistant professor of veterinary pathobiology, and in the Center for Zoonoses Research, Urbana-Champaign, inventors; developed with support from the Rockefeller Foundation. University Patents, Inc., has decided to discontinue its efforts to patent this discovery. The patent attorney prosecuting the United States patent application for this discovery advises that data developed by University researchers subsequent to the original filing do not sufficiently support the claims of the application, and that pursuit of these claims would not provide adequate patent coverage on the kinds of materials currently being generated in the Anaplasma Research Program. The University Patent Committee has reviewed these findings and recommends that the University abandon this patent application. Since Rockefeller Foundation policy does not require the University to assign its rights in this discovery to the Rockefeller Foundation, it is further recommended that the University release its rights in this discovery to the inventors, subject to the retention of shop rights in the discovery by the University. I concur. O n m o t i o n of M r . M a d d e n , diis r e c o m m e n d a t i o n was approved.

Authorization with Respect to Auxiliary Facilities System Revenue Bonds, Series 1985

(23) The president, with the concurrence of the appropriate administrative officers, recommends the following: 1. Approval of the employment of the law firm of Chapman and Cutler to act as bond counsel in connection with the University of Illinois Auxiliary Facilities System Revenue Bonds, Series 1985 (the "bonds"). Funds are available for this service from the bond proceeds. 2. Approval of the employment of the firm of Clayton Brown & Associates, Inc., to act as financial advisor in connection with the sale of the bonds. 3. Authorization for the comptroller, with the assistance of bond counsel and the financial advisor, to prepare and distribute an Official Statement and Notice of Sale with respect to the bonds, and to secure bond ratings in connection with such bonds. 4. Authorize such sale to occur on a date after June 20, 1985, the date on which the board shall consider the supplemental bond resolution to authorize the issuance of such bonds, such bonds to be issued in an amount not to exceed $58,000,000, with maturities not in excess of 24 years and a maximum average rate not in excess of 8 percent, and the comptroller of this board, with the concurrence of the president of the University, shall be authorized to receive and accept bids for the sale of such bonds. 5. That the comptroller and other authorized officers of this board be and they are hereby authorized and empowered to do and perform such other acts and things and to make, execute, and deliver all such other instruments and documents on behalf of this board as may be by them deemed necessary or appropriate to comply with or to evidence compliance with the terms, conditions, or provisions of these resolutions and all acts and things whether heretofore or hereafter done or performed by any of the