Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 333]

EXTRACTED TEXT FROM PAGE:

1966]

UNIVERSITY OF ILLINOIS

281

1 000 000 International Harvester 5.82 per cent notes due 12/30/66 $ 1 000 000 00 750 000 C I T Financial 5.84 per cent notes due 1/13/67 750 000 00 1 000 000 Comm. Credit 5% per cent notes due 1/31/67 1 000 000 00 500 000 General Motors Acceptance Corp. 5.85 per cent notes due 1/31/67 500 000 00 500 000 General Motors Acceptance Corp. S% per cent notes due 1/31/67 500 000 00 1 000 000 Sears Roebuck Acceptance 5.87 per cent notes due 3/31/67 1 000 000 00 Construction Funds

UNION BUILDING (Chicago Circle)

$10 000 U.S. Treasury bills due 3/9/67

FLORIDA A V E N U E RESIDENCE H A L L

9 778 97

Sale $620 000 U.S. Treasury 4 per cent notes due 11/15/66

GRADUATE HOUSING

619 171 57

Sale $45 000 U.S. Treasury bills due 10/13/66 Sinking Funds

M E N ' S R E S I D E N C E H A L L S OF 1957

44 980 12

Purchase $6 000 U.S. Treasury iys per cent notes due 11/15/67

5 986 88

This report was received for record. REPORTS AND RECOMMENDATIONS FROM THE PRESIDENT OF THE BOARD

REPORT OF COMMITTEE ON GENERAL POLICY ON ESTABLISHMENT OF COLLEGE OF EDUCATION AND SCHOOL OF PHYSICAL EDUCATION. CHICAGO CIRCLE

Mr. Jones, for the Committee on General Policy, presented the following report:

On November 10, 1966, the Board of Trustees gave provisional approval to a recommendation of the Chancellor of the Chicago Circle campus and the President of the University for the establishment of a College of Education and a School of Physical Education at the Chicago Circle campus. The recommendation included the stipulation "that the Trustees defer final approval until the present action has been reported to the Chicago Circle Senate for its information and further advice." On December 6, 1966, the Chicago Circle Senate, by a vote of 69-52, approved a recommendation of its Committee on Educational Policy, as follows: Since the Board of Trustees has provisionally approved a plan for a College of Education which is counter to the recommendation of this Senate, we recommend that the Senate advise the Board of Trustees of its affirmation of its decision. The Senate requests that representatives of this Senate be named by the Senate to meet with the Board and present its position and hear their position prior to a final decision. On December 8, 1966, the Committee on General Policy of the Board of Trustees met with the designated representatives of the Chicago Circle Senate. The Committee also received through the Chancellor the information that the faculties of the present Divisions of Education and Physical Education have unanimously expressed a view contrary to that of the Senate, and their views were also received. In the light of the division among the faculty of the Chicago Circle campus and its Senate, and in the light of the overriding considerations expressed in the original recommendation presented on November 10 by the Chancellor of the Chicago Circle campus and the President of the University, and with a full view of the problem and the provision for balance between discipline and method, the Committee on General Policy recommends that the Board of Trustees now give final