Repository: UIHistories Project: Board of Trustees Minutes - 1970 [PAGE 576]

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576

BOARD OF TRUSTEES

[July 23

Krannert Contributions Purchases: $46 000 U.S. Treasury bills due 6/12/69 20 000 U.S. Treasury bills due 9/11/69

Sinking Housing Revenue Bonds Purchase: $76 000 U . S . Treasury bills due 2/28/70 Revenue Bonds of 1956 Funds

45 721 09 19 573 59

72 178 81

$1 000 U.S. Treasury bills due 8/31/69 4 000 U.S. Treasury ty% per cent notes due 8/15/70 Women's Residence Halls Purchases : $ 2 000 U.S. Treasury bills due 2/28/70 35 000 U.S. Treasury 6 ^ per cent notes due 8/15/70 T h i s r e p o r t w a s received for record.

993 00 3 998 00

1 915 67 34 982 50

EMPLOYMENT OF ARCHITECTS FOR ADDITION TO BURRILL HALL, URBANA (48) The President of the University, with the concurrence of appropriate administrative officers, recommends the employment of Fugard, Orth & Associates, Inc., Chicago, Illinois, for architectural services for the construction of an Addition to Burrill Hall at the Urbana-Champaign campus at a fee of 7 per cent of the actual cost of construction, including supervision. Funds are available in the state capital appropriation for F Y 1970, subject to release by the Governor, and from General Reserves. The Advisory Committee on Architectural and Engineering Services has approved this recommendation. O n m o t i o n of M r . C l e m e n t , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d by the following vote: Aye, M r . Clement, M r . Grimes, M r . H u g h e s , Mr. Jones, M r . P o g u e , M r . S w a i n ; no, n o n e ; not voting, M r . H a h n ; absent, Governor Ogilvie, M r . Page, M r . Steger. PATENT PROVISIONS IN PROPOSED CONTRACT WITH INTERNATIONAL BUSINESS MACHINES CORPORATION, URBANA (49) The Coordinated Science Laboratory at the Urbana-Champaign campus has been negotiating a contract with the International Business Machines Corporation covering research on reliability, availability, and serviceability of Large Scale Integrated computer systems ( L S I systems). IBM is unwilling to accept the University policy relative to patents expressed in Section 14(b) of the General Rules, whereby the University retains ownership of patent rights developed through research, but may give the sponsor preferential treatment in the administration of the patent. IBM has requested the University to define "preferential treatment" in advance by granting the corporation a royalty-free nonexclusive license to any patents that may result, and by allowing IBM to apply for patents in those countries where the University does not elect to do so. The Director of the Coordinated Science Laboratory has indicated that this contract, although providing only $10,000 at this time, may lead to larger contracts and a relationship with IBM that may prove to be important. H e further states that the current work to be done will probably not result in patentable inventions. The Committee established by Section 14(f) of the General Rules has examined the proposed arrangement and is of the opinion that it is in the interest of the University to grant IBM the terms as described above. The Vice President and Comptroller concurs. Accordingly, it is recommended that IBM's request for definition of "preferential treatment" be approved as stated for the purposes of this contract. O n m o t i o n of M r . C l e m e n t , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d .