Caption: Board of Trustees Minutes - 1942
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1940 J UNIVERSITY OF ILLINOIS RESOLUTION, SIGNATURE OF CHECKS I05 Mr. Morey, for the Finance Committee, presented the following resolution: Be it resolved that the President of the Board of Trustees of the University, or an agent duly deputized by him, be and he is hereby authorized to sign on behalf of the University, jointly with the designee of the University of Illinois Foundation, any and all checks or drafts, including drafts in informal or letter form, against any funds at any time standing to the credit of said Foundation in an account maintained by said Foundation, as Trustee, with The First National Bank of Chicago entitled "University of Illinois Foundation Construction Fund Account Student-Faculty Union Building"; the said bank account and the said joint signatures on withdrawals therefrom being covered by a certain Trust Indenture dated September 1, 1940, entitled "University of Illinois Foundation, not personally, but as Trustee under the University of Illinois Student-Faculty Union Building T r u s t " involving the remodeling, construction, and equipment of the University of Illinois Student-Faculty Union Building in Chicago, Illinois, and the equipping of the Illini Union Building at Urbana, Illinois. On motion of Mr. Karraker, this resolution was adopted. AGREEMENT WITH ILLINOIS IOWA POWER COMPANY FOR INTERCHANGE OF ELECTRICAL SERVICE Mr. Williamson, for the Committee on Buildings and Grounds presented the following report: The Director of the Physical Plant Department recommends approval of an agreement with the Illinois Iowa Power Company for the interchange of electrical service at the New Heating and Power Plant. T h e University's share of the estimated cost of the installations necessary to set up this service is approximately $12,000. Funds are available in the State appropriation for the New Heating and Power Plant to cover this cost. This agreement, with supporting information, was submitted to the Committee on Buildings and Grounds for consideration in advance of this meeting and for its recommendation to the Board. Director Havens commented on this matter. On motion of Mr. Williamson, the execution of this agreement was authorized. WAGES OF MACHINISTS On motion of Mr. Adams, the request of the machinists' union for an increase in the hourly rate of wages was referred to the Committee on Buildings and Grounds for consideration and report. MATTERS PRESENTED BY PRESIDENT WILLARD The Board resumed consideration of matters presented by the President of the University. STATE APPROPRIATION FOR AGRICULTURAL EXTENSION SERVICES (8) The F'ederal acts under which the University of Illinois receives funds for its Agricultural and H o m e Economics Extension Services require that such grants be offset or matched by equivalent expenditures of State funds. The University receives no appropriation from the State for this purpose. T h e State Department of Agriculture receives biennially an appropriation to pay a part (i.e., the State's share) of the salaries of Farm Advisers and H o m e Bureau Advisers in the Counties which have organized F a r m and H o m e Bureaus, and thus qualify for such aid. This has been used as the offset to match the Federal grants to the University of Illinois for the Extension Services. Illinois is the only state in which the matching state funds are not appropriated directly to and disbursed by the institution to which the Extension
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