| |
| |
Caption: Board of Trustees Minutes - 1968
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
914 KRANNERT CONTRIBUTIONS BOARD OF TRUSTEES [February 21 Purchase $285 500 Cargill, Inc., 5fS per cent notes due 6/30/76 MEDICAL CENTER BONDS OF 1964 AUXILIARY (Medical Center) 285 500 00 Purchase $95 000 U.S. Treasury bills due 1/31/68 U N I O N AND RESIDENCE H A L L (Medical Center) 94 248 44 222 372 52 Purchase $223 000 U.S. Treasury bills due 12/21/67 ORCHARD APARTMENTS Purchase $473 000 U.S. Treasury bills due 11/30/68 Sinking Funds U N I O N AND RESIDENCE H A L L (Medical Center) 447 970 02 Purchase $28 000 U.S. Treasury 4 per cent bonds due 2/15/70 T h i s report was received for record. 27 142 50 AUTHORIZATION FOR PARTICIPATION IN THE ESTABLISHMENT OF THE CHICAGO REGIONAL DENTAL RESEARCH INSTITUTE (29) The College of Dentistry recommends that the University of Illinois join three other universities in Chicago and the American Dental Association in establishing a multi-institutional center for research and advanced study in the basic and clinical sciences related to oral health and disease — to be called "the Chicago Regional Dental Research Institute." The proposed institute would be established under a program sponsored by the National Institute of Dental Research which is a branch of the National Institutes of Health (United States Department of Health, Education, and Welfare). The guidelines established by the National Institute of Dental Research for such an Institute require that the participating institutions execute a Memorandum of Agreement which would commit them to establishing a not-for-profit corporation to administer the proposed organization and handle its funds. T h e proposed Memorandum of Agreement appears below. It will be noted that each of the participating institutions "agree to make available to the Institute the sum of $10,000 to cover its early administrative activities and to commit up to an additional $15,000 each, if needed, to cover additional expenses which the Institute might incur." In the event that the proposal is approved by the National Institute of Dental Research, and the new corporation established, the University's share of the funds required would be provided from non-state sources (the Contract Research Reserve at the Medical Center campus). Furthermore, it is anticipated that indirect-cost income from expected grants would offset the commitments of funds required under the Memorandum of Agreement. The Chancellor at the Medical Center campus, the Executive Vice-President and Provost, the Vice-President and Comptroller, and the Legal Counsel endorse this recommendation. I concur. O n m o t i o n of M r . C l e m e n t , t h i s r e c o m m e n d a t i o n w a s a p p r o v e d . M e m o r a n d u m of A g r e e m e n t This Memorandum of Agreement made and entered into this day of , by and between University of Chicago, University of Illinois, Loyola University of Chicago, Northwestern University, and American Dental Association. Witnesseth: WHEREAS, the parties hereto propose to create and be active, joint participants in a multi-institutional center for research and advanced study in the basic and clinical sciences related to oral health and disease as a regional resource for dental research in the greater Chicago area, Now, Therefore, in consideration of the premises and the promises hereinafter contained, the parties agree as follows:
| |
