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Caption: Board of Trustees Minutes - 1968
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684 Sinking Funds BOARD OF TRUSTEES [ J u t y 26 ASSEMBLY H A L L Purchase $9 000 U.S. Treasury 4?4 per cent notes due 8 / 1 5 / 6 8 . . HOUSING REVENUE BONDS 9 005 63 41 419 44 40 729 50 109 095 00 28 026 25 Purchase $ 42 000 U.S. Treasury bills due 9/21/67 42 000 U.S. Treasury bills due 2/29/68 109 000 U.S. Treasury 4Vi per cent notes due 8/15/68 M E N ' S RESIDENCE H A L L S OF 1957 Purcli3.sc $28 000 U.S. Treasury Ai/4 per cent notes due 8/15/68. STUDENT SERVICES Purchase $5 000 U.S. Treasury 4L£ per cent notes due 8/15/68.. W O M E N ' S RESIDENCE H A L L S OF 1956 5 004 69 12 829 50 26 016 25 Purchase $13 000 U.S. Treasury bills due 9/21/67 26 000 U.S. Treasury 4V4 per cent notes due 8/15/68 T h i s r e p o r t w a s r e c e i v e d for r e c o r d . AUTHORIZATION FOR EXECUTIVE COMMITTEE T O ACT ON REAL ESTATE MATTERS (44) The University is now negotiating for the acquisition of various parcels of real estate needed for the University's educational purposes. The necessity for action on such acquisitions may become urgent, and, hence, it may not be possible to postpone action to the next regular meeting of the Board of Trustees (presently set for September 20, 1967). I n addition, the Illinois Building Authority has asked the University to make specific requests for award of contracts on bids to be received by the Authority on University projects. The Authority will also require the University to adopt specific resolutions transferring jurisdiction of land to and leasing facilities from the Illinois Building Authority, prior to the Authority entering into construction contracts. Accordingly, the Director of the Physical Plant, the Vice-President and Comptroller, and the Legal Counsel recommend that, pursuant to Article IV, Section 3, of the By-Laws, the Board of Trustees authorize the Executive Committee of the Board to take action at any time prior to the next regular meeting of the Board on transfers of jurisdiction to and leases from the Illinois Building Authority and any other matter relating to the lease, sale, purchase, or other acquisition, by or for the University, of real estate, including authority to exercise the right of eminent domain and to institute condemnation proceedings. I concur. On motion of Mr. Grimes, the Executive Committee was authorized to act for the Board on the matters of business as recommended, by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Johnston, Mr. Page, Mr. Pogue, Mr. Swain; no, none; absent, Mr. Jones, Governor Kerner, Dr. Weatherly. PROGRAM FOR STUDY IN E U R O P E FOR S T U D E N T S IN A R C H I T E C T U R E (45) The Board has approved, in principle, a program for study in Europe for students in Architecture, and on June 20, 1967, authorized the Vice-President and Comptroller to execute contracts with Mr. Pierre Lachaux for leasing of living quarters, office space, and a newly constructed studio in LaNapoule, France, for the period October 1, 1967, through May 31, 1968, at $6,000 with an option to renew for the next academic year. This was the estimated cost of all services for the in-
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