Repository: UIHistories Project: Board of Trustees Minutes - 1970 [PAGE 891]

EXTRACTED TEXT FROM PAGE:

1970]

UNIVERSITY OF ILLINOIS

891

Resolution Authorizing Easement to Commonwealth Edison Company for T r a n s m i s s i o n L i n e t o Serve R a c i n e A v e n u e Building, Chicago Circle C a m p u s , Chicago, Illinois Be it, and it is hereby, resolved by T h e Board of Trustees of the University of Illinois, a public Corporation of the State of Illinois, that the Comptroller and the Secretary of this public Corporation be, and they hereby are, authorized to execute, acknowledge and deliver, in the name and on behalf of this Corporation such instruments of conveyance, contract, or other document or documents as to them may seem necessary or desirable in order to grant to Commonwealth Edison Company, an Illinois Corporation, hereinafter referred to as "Grantee", its successors and assigns, the right and easement to construct, operate, use, maintain, repair, replace, relocate, renew and remove poles, crossarms, wires, cables, conduit and other overhead or underground equipment, or both, for the transmission and distribution of electric energy in, under, over, across and along those premises of this public Corporation in the City of Chicago bounded on the west by Racine Avenue, on the north by the Eisenhower Expressway, on the east by Morgan Street and on the south by Harrison Street, the exact route and location of said easement being identified and described in that certain grant of easement to be executed by this public Corporation and Grantee under date of April 15, 1970, relating to the easement and rights herein granted, a copy of which is on file with the Secretary of the Board; for so long as said right and easement shall be used for the said purposes, said right and easement to cease and determine upon nonuse for said purposes for a period of one year, and all rights therein granted then and upon that happening to revert to this public Corporation; with provision for the relocation of said easement upon the conditions stated in the aforementioned grant of easement. O n m o t i o n of M r . H a h n , t h e f o r e g o i n g r e s o l u t i o n w a s a d o p t e d b y the following v o t e : Aye, M r . Clement, M r . Grimes, M r . H a h n , M r . H u g h e s , M r . Jones, M r . Stone, M r . S w a i n ; no, n o n e ; absent, G o v e r n o r Ogilvie, M r . P a g e , M r . Steger. R E S E A R C H C O N T R A C T , INSTITUTE O F AVIATION (24) The Office of Scientific Research, United States Air Force, has offered to support a research project to be conducted by the Institute of Aviation at the University of Illinois in the amount of approximately $326,795 to enhance man-machine effectiveness through scientific investigation of critical human factors in airborne system design, training, and operation. Specific tasks in such areas as radar signal detection, all-weather landings, flight control dynamics, pilot selection training and performance assessment will be assigned to graduate students who in most instances will use the research in the preparation of theses in support of advanced degrees. T h e problems are not new but are substantially unexplored and can lead to important improvements in the field of aviation in addition to lending large support to the University's instructional programs. The program will be funded in its entirety from federal sources. The President, with the concurrence of the Executive Vice President and Provost, the Vice President and Comptroller, the Chancellor at Urbana-Champaign, and the Director of the Institute of Aviation, recommends approval of the foregoing contract, subject to further action by the Illinois Board of Higher Education.

On motion of Mr. Jones, this recommendation was approved.

P L A C I N G S E C U R I T I E S IN N A M E O F N O M I N E E

(25) Because of the high volume of transactions in the securities markets, longer and longer delays have been encountered in transferring securities being sold by the Board of Trustees. As a result of the inability to complete timely delivery on sales approved by the Finance Committee, the University has been at a financial disadvantage. The First National Bank of Chicago and the Continental Illinois National Bank and Trust Company of Chicago, as custodians of University securities, have