Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 505]

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BOARD OF T R U S T E E S

[April 17

GEORGE W E L L S BEADLE, Doctor of Science ( D . S c . ) . Chancellor of the University

of Chicago. CARL S H I P P MARVEL, Doctor of Science ( D . S c ) . Research Professor of Organic Chemistry, Emeritus, University of Illinois. CLARENCE SAMUEL ROSS, Doctor of Science ( D . S c ) . Principal Geologist, United States Geological Survey. I concur in the recommendations of the Senates.

On motion of Mr. Swain, these degrees were authorized.

INVITATION T O VISIT BRITISH UNIVERSITIES (11) I request the Board of Trustees to authorize my acceptance of an invitation to attend meetings of the Association of Universities of the British Commonwealth at the University of London, a conference of Vice-Chancellors of British universities and Presidents of American universities at St. Andrews University, and to visit British universities following these programs. T h e official visitation would be during the period from July 10 until August 1, exclusive of travel time. The invitation has been presented through the Association of American Universities. T h e Presidents of twelve member institutions of that Association will constitute the delegation. The members of the delegation will have unusual opportunity to receive and discuss authoritative reports on higher education in many countries and to bring back to their own institutions comparative information and insights from the experience. The travel expense will be underwritten by the Association and the mission will involve no expense to the University of Illinois.

On motion of Mrs. Watkins, authority was given as requested.

AMENDMENT OF POLICY FOR INVESTMENT OF FUNDS A N D INVESTMENT PROCEDURES (12) On recommendation of the Finance Committee, the Board of Trustees on June 20, 1962, adopted a policy for investment of funds and investment procedures, including a resolution authorizing the Treasurer of the Board of Trustees to exercise certain functions. In view of the change in the Treasurership, it is necessary to amend the resolution and it is therefore requested that the following resolution be adopted to replace the resolution which appears on page 1519 of the minutes of the Board of Trustees meeting of June 20, 1962. Resolution Resolved, that the Treasurer of the Board of Trustees of the University of Illinois, a public corporation, is authorized in his discretion to sell, assign, or transfer to any assignee or transferee for or on behalf of this corporation and in its name any and all shares of capital stock or any voting trust certificates representing the right to receive shares of stock or any registered bonds or other securities of any other corporation owned by this corporation and for the purpose of effecting any such sale or transfer, R. R. Manchester, the Treasurer of this corporation, be and he hereby is authorized to execute in the name of this corporation and on its behalf all assignments which may be necessary and that A. J. Janata, Secretary of this corporation, be and he hereby is authorized to attest to the authority of R. R. Manchester, Treasurer, to execute the aforesaid documents. The Treasurer will exercise the authority granted by such resolution only after being notified by the Comptroller of the approval of the Finance Committee for the sale as provided in the established procedure. The Secretary of the Board will attest to the validity of the resolution and to the authority of the Treasurer to sign the documents.

On motion of Mr. Williamson, this amendment was adopted.

POLICY A N D PROCEDURE CONCERNING COPYRIGHTS AND RECORDINGS (13) The General Rules Concerning University Organization and Procedure include regulations governing patents on inventions (Sections 17 and 18, pages 5960) and copyrights on printed material (Section 19, page 6 0 ) . In both cases it is made clear that when such inventions or writings have been produced with the