Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 256]

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194i]

UNIVERSITY OF ILLINOIS

253

APPROPRIATION FOR EXTENSION SERVICE IN AGRICULTURE A N D HOME ECONOMICS (15) The Board of Trustees has previously approved the requesting of the General Assembly to make appropriations for the salaries of F a r m and H o m e Bureau Advisers to the University of Illinois instead of to the State Department of Agriculture as heretofore. T h e appropriation for the current biennium is $306,160. T h e State Department of Agriculture recommended an increase of $32,890, and the Dean of the College of Agriculture has recommended a further increase of $250,000, or a total of $589,050 for the biennium of 1941-1943. The Director of the State Department of Agriculture concurs in the proposal to make this appropriation to the University beginning with the next biennium, but has not given his approval of the increase of $250,000 recommended by the University. T h e Department of Finance was advised in December that the University would request the General Assembly to make an appropriation of $589,050 for this purpose in a separate bill. Since this bill should be introduced as soon as possible, a decision should be made as to the amount and authorization given to secure its introduction. O n m o t i o n of M r . L i v i n g s t o n * t h e P r e s i d e n t of t h e U n i v e r s i t y w a s a u t h o r i z e d t o s e c u r e t h e i n t r o d u c t i o n of t h e n e c e s s a r y bills, f o r a t o t a l o f $ 5 8 9 , 0 5 0 , a n d t o t a k e c h a r g e of t h e m a t t e r f r o m n o w o n .

BEQUEST OF MARY S. PARSONS

(16) As previously reported to the Board (November 24, 1939, Minutes, page 662), the will of the late Mary S. Parsons, an alumna of the University with the class of 1878, bequeathed to the University an undivided one-half interest in 80 acres of land in Clay County, the proceeds to be used to establish "The Mr. and Mrs. C. G. L a m e d Scholarship." T h e other half of the property is owned by the Flora Orchard Company, a corporation. T h e land was inspected by University officers shortly after the bequest became known. On their recommendation, the Board decided not to take title to this undivided half interest. T h e Executor was so advised. T h e r e remained the possibility that under the will the Executor might be able to sell this interest and set up the trust from the proceeds of the sale. This he was not able to do until March 27, the last day of the two-year period within which the trust was to be set up, when he made a sale to Roger F . Little of Urbana, for a consideration of $r,ooo, to be paid by a note in that amount bearing 5% interest, payable in four installments of $250 each, beginning in March, 1942. T h e note or notes will be made payable to the Executor of the estate, who proposes to endorse them without recourse and deliver them to the University. T h e University, if it accedes to this arrangement, will hold the notes, receive the payments thereon from Mr. Little and set up the fund under the title of " T h e Mr. and Mrs. C. G. Larned Scholarship." I recommend acceptance of these notes, the proceeds to be used to set up a scholarship fund. T h e alternative would be to advise the Executor that the University will not accept such an arrangement, whereupon the trust will fail completely. T h e arrangement proposed does not obligate the University in any way beyond receiving the funds realized on the notes and making them available for scholarship purposes. In that way it would carry out, in part at least, the wishes of this testatrix.

On motion of Mrs. Grigsby, these notes were accepted, the proceeds to be set up as a fund for the Mr. and Mrs. C. G. Larned Scholarship as recommended.

RESOLUTION OF ILLINI CLUB OF ST. LOUIS (17) T h e officers and directors of the Illini Club of St. Louis have adopted the following resolution. " T o the President and Board of Trustees of the University of Illinois: "Whereas, the record of the University of Illinois football teams during the past twelve years, an analysis of which is attached hereto, and the record of