Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 1215]

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1212

BOARD O F T R U S T E E S

[November

28

9. Electrostatically operated switch — Paul Ernest Weston, Research Assistant in Electrical Engineering, inventor. This invention is an electrostatically operated switch suitable to replace many functions of the common electromagnetic relay, but requiring very much less control power, and for this reason is adaptable to many useful situations in which existing electrically controlled switches fail due to lack of power sensitivity. It is recommended that the rights of the University in this invention be released to the University of Illinois Foundation for patent application, with due recognition of the contractual rights of the sponsoring agency, the United States Navy. 10. Size-indicating, object-enumerating logic network—-Paul Ernest Weston, Research Assistant in Electrical Engineering, inventor. This device counts the number of dark objects in a transparent field. It is thought that it has novelty in being a repetitive network performing this counting function, with invariances. It is recommended that the rights of the University in this invention be released to the University of Illinois Foundation for development and patent application, with due recognition of the contractual rights of the sponsoring agency, the United States Navy. I concur.

On motion of Mr. Clement, the foregoing recommendations were approved.

ACQUISITION OF PROPERTY FROM MR. AND MRS. CHARLES J. MERRIAM (2) Mr. and Airs. Charles J. Merriam are considering a gift to the University of one-half of the stock in their Wisconsin corporation, Pine Tree Farms, Inc., such gift to be made over a period of approximately five years. The other one-half of the stock in the corporation will be given to the Chicago Council of the Boy Scouts of America over the same period of time. The corporation owns real estate in Waushara, Marquette, and Adams Counties in Wisconsin, and certain tangible personal property located thereon. Some of these properties will be transferred by the corporation in advance of the gifts of the stock. The Merriams are willing to make such gifts only if the donees will currently assume the responsibility of management, maintenance, and care of the properties, the annual cost of which is presently estimated at $5,000. The Chicago Council of Boy Scouts is willing to undertake such obligations during the period in whicli the gifts are to be made, provided that the University or the Foundation will agree to pay one-half the net losses, if any, which the Council may incur by reason thereof. When all the stock has been given to the University and the Chicago Council of Boy Scouts, it is contemplated that Pine Tree Farms, Inc., will be dissolved and its property distributed in liquidation to the University and the Scouts. Agreement has been reached as to the property to be distributed to each. The University will then sell the real estate it receives. The Foundation is willing to assist the University in procuring this gift by contracting to pay the Boy Scouts one-half of the net losses, if an)', of the Scouts under the management contract during the gift period, provided the University will agree to reimburse the Foundation therefor out of the dollar proceeds which the University receives on the disposition of the property obtained through the Merriam gift. Such an arrangement between the University and the Foundation would not involve the expenditure of any state-appropriated funds. The Vice-President and Comptroller recommends that the Board authorize an arrangement with the Foundation whereby the University will agree to reimburse the Foundation for expenses which it may incur in so procuring the gift from the Merriams, such reimbursement to be made only as, if, and when the Merriams' stock gift is converted to money, and such reimbursement to be payable only out of, and not in excess of, the money so obtained. The Legal Counsel has approved the recommendation. I concur.

On motion of Mr. Swain, acceptance of this offer, in accordance with the terms and conditions recommended, was authorized by the following vote: Aye, Mr. Clement, Mr. Billiard, Mr. Harewood, Mr