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Caption: Board of Trustees Minutes - 1972
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1970] Illini UNIVERSITY OF ILLINOIS Sinking Union and Health Center Funds Per Cent 7.41 6.51 7.36 7.49 129 Piircn HSGI * $ 220 125 114 19 000 000 000 000 U.S. Treasury 8J^ per cent notes due 8/15/71 ... U.S. Treasury bills due 8/31/71 U.S. Treasury iy2 per cent notes due 2/15/72 ... U.S. Treasury 5% per cent notes due 2/15/75 ... Building $222 117 114 17 475 750 213 886 00 78 75 75 Student Services Purchase: 71 156 25 7.40 $ 75 000 U.S. Treasury 6 per cent notes due 5/15/75.. This report was received for record. P U R C H A S E OF P R O P A N E GAS, URBANA (18) On June 18, 1969, the Board of Trustees approved the purchase of propane gas from Petrolane Gas Service, Inc., Urbana, Illinois, for the period from July 1, 1969, through June 30, 1970. Through an oversight, an original bid option to renew the purchase agreement at the same monetary rates for one additional year from July 1, 1970, through June 30, 1971, based on a continuing need and availability of funds, was not included in the purchase recommendation to the Board at its June 18 meeting. Because of the known advances in the costs of propane gas, the option to renew for the period from July 1, 1970, through June 30, 1971, was exercised July 1, 1970. The Vice President and Comptroller recommends approval of the extension of the purchase agreement for one year from July 1, 1970, with Petrolane Gas Service, Inc., in accordance with the original bid option, for an estimated expenditure of $14,538. The cost is based upon the unit rates bid times the estimated use quantity. I concur. On motion of M r . Swain, this recommendation was approved. REPORT OF MEETING O F COMMITTEE ON STUDENT WELFARE A N D ACTIVITIES, OCTOBER 2 8 , 1 9 7 0 M r . H a h n , Chairman of the Committee on Student Welfare and Activities, reported briefly on the meeting of the Committee held in Chicago on October 28, 1970, at which time the Committee heard comments from students at Chicago Circle and others with regard to the Board of Trustees' "Statement Concerning Disruptive and Coercive Action." H e indicated that the various suggestions received are being taken under advisement by the Administration and Committee. COMMUNICATIONS President H u g h e s presented a request from the Graduate Student Association to be heard at the December 10 meeting on a proposal "to establish a task force on campus governance." O n motion of M r . Clement, the Board approved an appearance before the Committee on Student Welfare and Activities, such appearance to be scheduled in connection with the December Board meetings. President H u g h e s also presented a request from the Associate Students Council for University Reorganization ( A S C U R ) to appear before the Board in December "on the topic of the Selection of a University President." By consensus the Board directed the Secretary to request the organization t o p r e p a r e a more complete statement of its proposal for distribution to the Trustees, subsequent appearance by A S C U R to be contingent upon receipt of such a statement.
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