Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 253]

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250

BOARD OF TRUSTEES

[April 17

2. T h e parties hereby agree that any money so raised may be deposited with the second party, to be held by it in escrow and disbursed according to the following conditions. 3. Funds so deposited shall remain with the second party until January I, 1943, provided that they may be withdrawn prior thereto if, in the judgment of the first party, there is sufficient money on hand to proceed with one or more units of the proposed Gallery building. If there are insufficient funds on deposit on said date, the funds shall be returned to the several donors, on demand. 4. If and when the first party shall notify the second party that the construction of the building can be undertaken, the second party shall, upon the written order and direction of the first party, turn over to the University of Illinois Foundation, or such other organization or person as may properly proceed to carry out the construction work, such portion of the escrowed funds as may be designated by the first party. 5. T h e first party hereby agrees to indemnify and hold harmless the second party on account of any suit or proceeding or any costs, attorneys' fees or other expenses of whatever nature which the second party may incur or become liable for concerning the subject matter hereof, and agrees promptly to reimburse the second party as often as it may be notified thereof. No charge is to be made against the escrowed funds, which are to be held intact. 6. T h e second party shall not be obligated to inquire into the expediency or reasonableness of any act performed hereunder by the first party, or to see to the application of the escrowed funds (other than to pay them to such persons as it may be directed) ; but in all cases the written certificate, order or direction of the first party shall be deemed good and sufficient, and shall operate as a complete justification for any action taken by the second party hereunder. In witness whereof, the parties have caused this agreement to be executed al Chicago, Illinois, the day and year first above written.

On motion of Dr. Meyer, the plan was approved, and the Board made record of its willingness to accept funds for such a building when presented.

INTERNSHIP REQUIREMENT FOR DEGREE OF DOCTOR OF MEDICINE (11) On recommendation of the faculty of the College of Medicine, endorsed by the Executive Dean of the Chicago Colleges, the University Senate recommends that the requirement of the fifth, or interne, year be waived in the case of the present fourth-year class of the College of Medicine, thereby permitting the members of that class to receive the degree of Doctor of Medicine in June, provided that if prior to graduation medical students and internes are placed in a deferred classification under the Selective Training and Service Act this waiver will not be applied. T h e waiving of the interne year as a part of the requirements for the degree of Doctor of Medicine is important for students in the present fourthyear class because under the present interpretation of the Selective Service Act medical students who have finished the course work in colleges of medicine are not eligible for the medical corps unless at that point they have received the M.D. degree. Many Class A medical colleges grant the M.D. degree in advance of the interne year. In fact at tbe present time there are only eleven Class A medical schools which do not grant the degree in advance of the interne year. Consequently our own students are at a considerable disadvantage in this regard. I concur in this recommendation. T h e Executive Faculty of the College of Medicine also is considering the question of doing away altogether with the requirement of the fifth year, or interne year, apart from the recommendation relating to the present senior class, and if this is recommended it will be brought to the Board for its consideration at a later date.

On motion of Dr. Meyer, the waiving of this requirement was authorized as recommended.