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Caption: Board of Trustees Minutes - 1972
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144 BOARD OF TRUSTEES [December 10 WHEREAS, The Board of Trustees of the University of Illinois, a body corporate and politic of the State of Illinois, will be requested by the Illinois Building Authority to enter into leases, transfer jurisdiction of real estate and take other actions to carry out and complete the above project in accordance with the Illinois Building Authority Act; Now Therefore, Be It and It Is Hereby Resolved by The Board of Trustees of the University of Illinois as follows: Section 1. That the Illinois Building Authority be and it hereby is requested to provide the foregoing project and facility at the Urbana-Champaign campus and to lease the same to the University of Illinois as provided in the Illinois Building Authority Act. Section 2. That the Comptroller and the Secretary of this Board of Trustees be and they hereby are authorized to execute, acknowledge, and deliver in the name and on behalf of this corporation such instruments of transfer, conveyance, lease, contract, and other documents as are necessary or appropriate in order to provide for the carrying out of the foregoing project and facility by the Illinois Building Authority. Resolution WHEREAS, the Seventy-Sixth General Assembly of the State of Illinois has declared it to be in the public interest that the Illinois Building Authority construct, for the use of The Board of Trustees of the University of Illinois, Burrill Hall Building Addition at the Urbana-Champaign campus of the University of Illinois; and WHEREAS for that purpose it will be necessary for the Illinois Building Authority to acquire jurisdiction of the real estate upon which said building will be located; and WHEREAS The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois with its principal office in Urbana, Illinois, has been requested by the Illinois Building Authority to transfer jurisdiction of said real estate for the construction of said building. Now, Therefore, Be It and It Is Hereby Resolved by The Board of Trustees of the University of Illinois at its December 10, 1970, meeting as follows: That the Comptroller and the Secretary of The Board of Trustees of the University of Illinois be and they are hereby authorized to execute, acknowledge and deliver, in the name and on behalf of this corporation, an instrument of transfer of jurisdiction to the property described in the attached document entitled "Instrument of Transfer" which said form of Instrument of Transfer is, by this reference, incorporated and made a part of this resolution. On motion of Mr. Clement, the foregoing resolutions were approved by the following vote; Aye, Mr. Clement, Mr. Hahn, Mr. Hughes, Mr. Jones, Mr. Pogue, Mr. Swain, Dr. Walker; no, none; absent, Mr. Grimes, Governor Ogilvie, Mr. Page, Mr. Steger. (A copy of the "Instrument of Transfer" is filed with the Secretary of the Board for record.) CONTRACT W I T H LUCAS-MILHAUPT, INC. (13) Lucas-Milhaupt, Inc., has proposed a grant to the Ceramic Engineering Department of the University with a payment of the sum of $13,487 for research and development of glasses for brazing preforms. The company has insisted that the following provision be inserted in the contract: "(6) Any invention resulting from the work provided for in this Agreement shall belong to the University. The University recognizes the need to give preferential treatment to a sponsor, and accordingly grants Lucas-Milhaupt, Inc., the option to acquire exclusive paid-up rights for the life of the patent, to any and all patentable inventions arising out of the cooperative program of this Agreement. Such option shall be exercisable by Lucas-Milhaupt, Inc., within ninety days after issuance of the patent If such option is exercised, Lucas-Milhaupt, Inc., will provide the University with an educational grant of
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