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Caption: Board of Trustees Minutes - 1968
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1968] UNIVERSITY OF ILLINOIS 915 1. The parties hereby establish and agree to be active participants in the Chicago Regional Dental Research Institute. The purpose of the Institute is to conduct a center for research and advanced study in the basic and clinical sciences related to oral health and disease. 2. To the extent feasible and practicable, the parties, as joint participants, agree to encourage and permit outstanding investigators from their respective institutions to perform research within the framework of the Institute and further to make available their respective laboratories and equipment for use in the performance of Institute programs. The aforementioned phrase "to the extent feasible and practicable" shall mean, wherever such phrase appears in this Memorandum of Agreement, as follows: to the extent that no undue burden or interference with other necessary activities of any party will result. 3. The parties agree to form and develop the Institute as an effective and stable administrative structure to further scientific progress in the field of oral research pursuant to the guidelines for dental research institutes which have been promulgated by the National Institute of Dental Research of the United States Government. T o achieve such an avowed administrative structure, the parties will soon cause a corporation to be formed under the general not-for-profit statutes of the State of Illinois for the purpose of administering the Institute and handling and managing its funds. 4. Each of the parties agrees 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. 5. In keeping with the needs of both the programs which the Institute will conduct and the capabilities of each of the parties, each of the parties agrees to permit, to the extent from time to time feasible and practicable, its scientists from the physical, biological and behavioral disciplines to perform services for the Institute in collaboration with the scientists from the other parties. Further, again to the extent feasible and practicable, the parties agree to permit the use of each party's facilities, including laboratories and equipment, by the scientific representatives of the other parties. 6. Each of the parties agrees to share the costs, to the extent necessary, of the administration and programs of the Institute and to realize reimbursement only to the extent that third parties will pay for such costs, including direct and indirect costs and overhead. 7. To facilitate execution, the parties agree that this Memorandum of Agreement may be signed in counterparts with the same effect as though all the parties signed one and the same copy. In Witness Whereof, the parties hereto have caused this Memorandum of Agreement to be executed all on the day first above written. UNIVERSITY OF CHICAGO UNIVERSITY OF ILLINOIS LOYOLA UNIVERSITY OF CHICAGO NORTHWESTERN UNIVERSITY AMERICAN DENTAL ASSOCIATION Attest:. EXCHANGE OF PROPERTY (30) The President recommends, upon request of the Athletic Association of the University of Illinois, that the Board authorize the exchange of University-owned property on Church Street in Savoy, Champaign County, Illinois (a tract of land, approximately 1,650 feet by 150 feet, located at the north side of the golf course),
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