Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 1085]

EXTRACTED TEXT FROM PAGE:

1968]

UNIVERSITY OF ILLINOIS

1033

and that the legatee should be privileged to use the income or interest, as the case may be, until the bond matures or is called. Now, Therefore, Be It Resolved, that the said bequests be and the same are hereby accepted by The Board of Trustees of the University of Illinois for the uses and purposes therein set forth; and Be It Further Resolved that any one of the following named persons, to wit: C. C. DeLong, Bursar, University of Illinois David W. Bonham, Business Manager at the Medical Center campus James E. Osborn, Business Manager at the Chicago Circle campus acting individually be and they each hereby are authorized to accept said bequests on behalf of The Board of Trustees of the University of Illinois and to execute and deliver to John O. Root, William Culbertson, Harold E. Stockburger, C. Stanley Staiger, and Lowell L. Kline, Executors of the Last Will and Testament and Codicil of said L. C. H . E. Zeigler, deceased, the receipt of The Board of Trustees of the University of Illinois in satisfaction thereof. Be It Further Resolved that upon receipt of these securities they should be delivered to the First National Bank of Chicago for safekeeping and the income thereon shall be devoted to such purposes as the President of the University may direct.

On motion of Mr. Clement, the foregoing resolution was adopted.

PURCHASES (29) The President submitted, with his concurrence, a list of purchases recommended by the Director of Purchases and the Vice-President and Comptroller. The list included a report of purchases authorized by the President since the last meeting of the Board. The lists of "purchases authorized" and "purchases recommended" were presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants from corporations and other donors, and University revolving funds authorized by law. The total amounts of these purchases w e r e : From Appropriated Funds Purchases Recommended From Institutional Funds Purchase Authorized Purchases Recommended Total $ $ 370 679 78 316 824 141 820 86 29 IS 93

13 761 $ 77S $1 145

A complete list of the purchases authorized and recommended, with supporting information, including the quotations received, was sent to each member of the Board in advance of the meeting, and a copy is being filed with the Secretary of the Board for record.

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

C O M P T R O L L E R S REPORT OF PURCHASES APPROVED (30) The Vice-President and Comptroller also submitted a report of purchases approved by him on recommendation of the Director of Purchases in amounts of $2,500 to $5,000. A copy of this report is filed with the Secretary of the Board.

This report was received for record.