Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 163]

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BOARD OF TRUSTEES

MITCALF, LAWHENCS E„ Associate Professor of Education — leave of absence without pay for one year from September 1, I960, in lieu of the sabbatical leave of absence on full pay for the first semester of 1960-61.

THORNBURN, THOMAS H., Professor of Civil Engineering, in the College of

Engineering and in the Engineering Experiment Station — sabbatica! leave of absence for the first semester of 1960-61, with full pay, instead of for the academic year 1960-61, on one-half pay.

OCTOBER MEETING

Under the By-Laws of the Board of Trustees, its next meeting is scheduled for Wednesday, October 19, 1960, On motion of Mr. Hughes, the Board voted to hold this meeting and meetings of Board Committees in Chicago according to a schedule and at a place to be determined by the President and Secretary of the Board. EXECUTIVE SESSION At this point, on motion of Mr. Pogue, an executive session was ordered for consideration of the following matters of business.

PURCHASE OF LAND

(1) The Director of the Physical Plant and Vice-President and Comptroller recommend the acquisition, through purchase by the University of Illinois Foundation, of the East Half of the Northeast Quarter of Section Thirty, Township Nineteen, Champaign County, containing eighty acres, presently owned by Mrs. Ruth Newton, Urbana, Mrs. Newton proposes to exchange the land with Mr. Boyd Harper, Champaign, for other land which she desires to acquire, and Mr. Harper will sell the eighty-acre tract to the University of Illinois Foundation at a price of $1,750 an acre, or $140,000. This land is completely surrounded by University property, and the University has been attempting to acquire ft for a number of years for the College of Agriculture and the Agricultural Experiment Station. The First National Bank of Chicago has agreed to loan the money to the Foundation for the acquisition of this property under the same conditions as other recent purchases. I concur and recommend that the University of Illinois Foundation be requested to purchase this property and to lease it to the University at a rental of $J,310 a year, subject to adjustment in accordance with any change in the interest rate charged by the Bank on the loan to the Foundation, until such time as funds become available for the purchase of the property by the University. On motion of Mr, Pogue, this recommendation was approved by the following vote: Aye, Mr. Clement, Mr. Harewood, Mr, Herrick, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs, Watkins, Mr. Wilkins, Mr. Williamson; no, none; absent, Mr. Stratton.

POLICY GOVERNING MEETINGS OF THE BOARD AND OF ITS COMMITTEES

Mr. Clement asked for a discussion of the current practice and policy with respect to meetings of the Board and of its Committees. He suggested that more of the work before Board Committees be transacted at meetings of the Board, This matter was discussed but no action was requested or taken. On motion of Mr. Harewood, the Board adjourned.

A. J. JANATA

K E N N E Y E. WILLIAMSON

Secretary

President