Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 249]

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246

BOARD OF TRUSTEES

[April 17

The Comptroller recommends: 1. That the insurance be placed with the Lumbermens Mutual Casualty Company, whose net bid of $8,142.31 is lowest. This company is the present carrier of this insurance and its services during the past three years have been satisfactory. The policy will be non-assessable. 2. That instead of full coverage as quoted, we carry $500 deductible liability on all objects, which will effect a saving of approximately $1,100. Under the deductible limits we would assume the loss for each accident up to $500 and still have the same inspection service. Our loss during the past three years amounted to less than $100. The modification recommended in paragraph 2 is in accordance with the rules of the National Bureau of Casualty and Surety Underwriters and can be applied to any of the quotations. The net cost for the three-year policy would be as follows: Three year (full coverage) premium based on Bureau rates Credit for $500 deductible liability limits Less 25% dividend by Lumbermens Mutual Casualty Co I concur in these recommendations. O n motion of M r . K a r r a k e r , the insurance was placed with the L u m b e r m e n s Mutual Casualty Company. O n motion of M r . Davis, the Board requested the Director of the State Department of Insurance to have a survey made by his Department of the University's insurance and to submit a report with recommendations on forms of coverage and methods of placing insurance.

SPECIAL APPROPRIATIONS A N D N O N - R E C U R R I N G EXPENDITURES

$10 1 9 2 $ 7

856 in 744 436 308

42 79 63 15 48

(7) A recommendation that the following assignments be made from the General Reserve Fund: (a) Installation and equipment of a cold laboratory in the Research and Educational Hospitals $ 5 000 (b) Replacement of and addition to bookkeeping machine equipment in Business Office 2 000 (c) Changes in the Vivarium (Department of Zoology) 3 coo (d) Steam line from Library Building to Auditorium 6 coo' (e) Administration of Selective Training and Service Act Regulations 400s Total $16 400 O n motion of M r . K a r r a k e r , these appropriations were made, by the following vote: Aye, Mr. Cleary, Mr. A d a m s , Mr. Davis, M r . Fornof, M r s . Grigsby, M r . Jensen, Mr. K a r r a k e r , Mr. Livingston, Dr. M e y e r ; no, n o n e ; absent, Mr. Green, M r . Wieland.

•As part of the extension of the service of the new power plant, there was constructed last year a new steam line from the Library to the Auditorium, at a cost of $10,000, of which $4,000 was charged to the State appropriation for the power plant, and $6,000 is chargeable to Physical Plant operation and maintenance. The work is now finished, but in the meantime the $6,000 earmarked in the Physical Plant Department's 1930-1040 budget for this lapsed into general University funds on June 30, 1040, at the end of the last fiscal year. 2 The University has been asked to supply information to State and local draft boards on the occupational status of staff members and students who are subject to call for military service under the Selective Training and Service Act. To carry out the University's responsibility, Committees on Occupational Deferment of Military Service Under the Selective Training and Service Act have been set up in the Urbana and Chicago divisions. The work of these Committees will involve expenses for clerical service, printing, postage, etc.