Repository: UIHistories Project: Board of Trustees Minutes - 1940 [PAGE 998]

EXTRACTED TEXT FROM PAGE:

1940]

UNIVERSITY OF ILLINOIS

995

8. This agreement shall become effective on , and may be terminated upon one year's notice given by either party to the other. Attest: Secretary Attest: T H E BOARD OF TRUSTEES OF T H E UNIVERSITY OF ILLINOIS By BOARD OF TRUSTEES OF THE PRESBYTERIAN HOSPITAL By

RECOMMENDATION OF FINANCE COMMITTEE

A t this point, D r . Meyer, for the Finance Committee, requested authority for the purchase u p to $5,000 of 4% Medical and Dental Building bonds of the University of Illinois Foundation for investment of nonstatutory funds as money becomes available, purchases to be m a d e at not more than call price and on a basis comparable to or better than the current yield basis of other investments. O n motion of D r . Meyer, this investment was authorized.

JOINT MEETING OF SPECIAL COMMITTEE OF THE BOARD AND REPRESENTATIVES OF THE STATE DEPARTMENT OF PUBLIC WELFARE, J U N E 2 5 , 19 4 0

Dr. Meyer reported also as follows:

A joint meeting of the special committee of the Board of Trustees with Director Bowen and representatives of the State Department of Public Welfare was held at the Blackstone Hotel, in Chicago, at n a.m. on Tuesday, June

25, 1040.

The following were present: for the University, Dr. Karl A. Meyer, Chairman, Mr. Oscar G. Mayer, and Mrs. Glenn E. Plumb, members of the committee; Mr. Harold Pogue, president, and Mr. James M. Cleary, member of the Board; President A. C. Willard, Dr. R. B. Allen, Executive Dean of the Chicago Colleges, Mr. Lloyd Morey, Comptroller, Mr. J. E. Millizen, Business Agent for the Chicago Departments, Judge Sveinbjorn Johnson, University Counsel, and Mr. H. E. Cunningham, Secretary of the Board of Trustees. For the Department of Public Welfare, Director A. L. Bowen, Mr. John C. Weigel, Fiscal Supervisor, Department of Public Welfare, and Dr. Major H. Worthington, Managing Officer of the Research and Educational Hospitals. On request of the Chairman, Dr. Karl A. Meyer, Mr. Morey reported on a preliminary conference held with Mr. Weigel on possible budgetary implications of the proposal to place the management of the Research and Educational Hospitals under the control of the University. President Willard outlined the background of the present negotiations. Dean Allen stated that the University should have full responsibility for the educational and research program and to that end it should have security in management of the hospitals, and that full cooperation and communication with the Department should be guaranteed. Director Bowen gave a resume of the history of the development of the hospitals, and expressed himself in favor of turning over to the University everything possible connected with the management of the hospitals, consistent with the purposes and obligations of the Department of Public Welfare.