Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 189]

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178

BOARD OF TRUSTEES

[February 19

2. Purification Method for Phorbol and 4-Alpha-Phorbol from Croton Oil Using Droplet Counter-current Chromatography — A. D. Kinghom, assistant professor of pharmacognosy in the Department of Pharmacognosy and Pharmacology, and G. T. Marshall, graduate teaching assistant in the Department of Pharmacognosy and Pharmacology, Medical Center, inventors. 3. Vaccines Against Malaria — Michael G. Levy, assistant professor of veterinary pathobiology in the Center for Zoonoses Research, and Miodrag Ristic, professor of veterinary pathobiology and in Veterinary Programs in Agriculture, UrbanaChampaign, inventors. 4. 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, 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., reported that it wished to commercialize these four inventions, and the University Patent Committee recommends that the University's rights be transferred to the University of Illinois Foundation for commercialization. For the last discovery, such transfer is made subject to the rights of the sponsor. 5. Three Pieces of Playground Equipment for the Handicapped-—D. James Brademas, assistant professor in the Cooperative Extension Service and chief, Office of Recreation and Park Resources in the Department of Leisure Studies, Paula Wallrich, college work-study graduate assistant in landscape architecture, and Jon Rodgers, graduate student in architecture, Urbana-Champaign, inventors; developed with support from the State of Illinois Department of Mental Health and Miracle Recreation Equipment Co. 6. Pancreas-specific Protein Systems and Immunoassays-—Samuel T. Nerenberg, formerly professor of pathology, physician surgeon, and head of the Department of Pathology, Abraham Lincoln School of Medicine, Medical Center, inventor. 7. Injectable Gel Implant — Angel S. Arambulo, professor of pharmacy, and Pramod M. Dubale, graduate teaching assistant in pharmacy, Medical Center, inventors. University Patents, Inc., reported that it did not wish to commercialize these three discoveries, and the University Patent Gommittee recommends that the University retain shop rights and release all other patent rights to the inventors. I concur in these recommendations.

On motion of Mr. Hahn, these recommendations were approved.

Resolution for Sale, Assignment, or Transfer of Stock by Treasurer

(13) From time to time the Board of Trustees receives stock in its own name, which must be sold, assigned, or transferred into the name of the nominees of the safekeeping agent. In the past, the treasurer has been formally designated the officer to sell, assign, or transfer stock since, under Article V I , Section 4 of the Bylaws of the board, the treasurer is without authority to convert any securities in his hands except as directed by the board. It is recommended that this practice be continued through the new treasurer by the adoption of the following resolution. The treasurer is authorized to exercise the authority granted by such resolution only after being notified by the comptroller of the approval by the board for the sale, assignment, or transfer as provided in the established procedures of the board. Resolved, that the Treasurer of the Board of Trustees of the University of Illinois, a public corporation, is authorized to sell, assign, or transfer to any assignee or transferee for or on behalf of this corporation and in its name any and all shares of capital stock or any voting trust certificates representing the right to receive shares of stock or any registered bonds or other securities of any other corporation owned