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Caption: Board of Trustees Minutes - 1964
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1963] U N I V E R S I T Y OF I L L I N O I S 903 University to acquire this farm, or at least eighty acres of it, in order to implement the functions being performed on the Weber property. The Dean of the College of Agriculture and the Vice-President and Comptroller recommend that the Comptroller or an agent selected by him be authorized to submit not exceeding $700 an acre for the west eighty acres (which are immediately south of the University property) and not to exceed $650 an acre for the east eighty acres and not to exceed $675 an acre for the entire farm. Approximately $50,000 is available in the fellowship account established from the income of the Weber farms. This income is unrestricted except that it must be used for the benefit of the College of Agriculture. The Dean of the College recommends that this sum be transferred to endowment funds if the property is acquired. The remainder of the purchase price can be financed from working capital funds of the Weber farms and Wright farms. The Chairman of the Committee on Agriculture has been consulted and approves the recommendation. I concur. On motion of Mr. Johnston, this purchase was authorized by the following vote: Aye, Mr. Clement, Mr. Dilliard, Mr. Hughes, Mr. Johnston, Mr. Pogue, Mr. Swain, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. Kerner, Mr. Page. On motion of Mrs. Watkins, the Board adjourned. A. J. JANATA HOWARD W. CLEMENT Secretary President
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