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Caption: Board of Trustees Minutes - 1970
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1970] UNIVERSITY OF ILLINOIS 877 technology special attention is given to the reduction of the number m of module terminals. This is assumed as criterion of simplicity. The rights of the invention lie with the National Science Foundation; and because commercial possibilities for this device appear slight, the Committee recommends that a request for waiver of such rights not be filed. O n m o t i o n of M r . J o n e s , t h e s e r e c o m m e n d a t i o n s w e r e a p p r o v e d . ACQUISITION O F LAND IN DE KALB COUNTY (32) The University acquired farm land in DeKalb County in 1943 in settlement of the estates of Dr. H a r r y G. Wright and his widow, Harriette A. Wright. One of the farms, commonly known as Wright F a r m No. 6, contains 200 acres and is operated on a livestock lease. There are a large number of buildings on this farm, and it could be more efficiently operated as a larger unit. The University has been offered 120 acres of land immediately north of Wright Farm No. 6 at a price of $730 an acre. In the opinion of Professor Donald G. Smith, an accredited rural appraiser, this price is reasonable in view of comparable sales in the area. The Dean of the College of Agriculture and the Vice President and Comptroller recommend that the University of Illinois Foundation be requested to purchase the land by borrowing funds in the amount of $80,000, to be repaid over a period of ten years from the income of the land to be acquired plus the existing Wright Farm, with the remainder of the purchase price ($7,600), plus expenses incurred in connection with the acquisition of the property, to be paid to the Foundation by the University from undistributed earnings of the Wright Farms. Upon retirement of the indebtedness of the Foundation, the Foundation will transfer the property to the University and the income from the farms will be used to supplement the H a r r y G. and Harriette A. Wright endowment. I concur and recommend that the Comptroller and Secretary of the Board execute all documents necessary in connection with the acquisition and lease of the property from the Foundation. T h i s recommendation w a s approved by the following vote: Aye, Mr. Clement, M r . Grimes, M r . H a h n , M r . Hughes, M r . Jones, M r . Steger, M r . S w a i n ; no, n o n e ; absent, Governor Ogilvie, M r . Page, M r . Stone. O n m o t i o n of M r . S w a i n , t h e B o a r d a d j o u r n e d . EARL W. PORTER EARL M. HUGHES Secretary MEETING OF COMMITTEE OF T H E WHOLE President A meeting of the Board of Trustees as a Committee of the Whole was held beginning at 2:30 p.m. The same members and officers of the Board and officers of the University as recorded in the minutes of the regular meeting of the Board were present except Mr. Page and Mr, Steger. The committee met for the purpose of hearing a presentation from the Graduate Student Association and Undergraduate Student Association from Urbana. A statement from the Executive Committee of the Graduate Student Association and Undergraduate Student Association had been sent to the Trustees in advance. Present for the group were: John L. Ronsvalle, Mike Brady, Jackie Flenner, Mike Real, Jay Tummelson, Barbara Halpern, Ed Pinto. Mr. Real was asked to speak for the group and following general
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