Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 314]

EXTRACTED TEXT FROM PAGE:

1941]

UNIVERSITY OF ILLINOIS

3"

After due consideration thereof Trustee Jensen made a motion that said resolution be adopted, which said motion was seconded by Trustee Karraker, and upon roll call said resolution was adopted by the following aye and nay votes: ayes, Mr. Adams, Mr. Cleary, Mr. Davis, Mr. Fornof, Mr. Jensen, Mr. Karraker, Mr. Livingston; nays, none. Trustee Fornof then offered and read the following resolution: Resolved, that the President, Secretary, and Treasurer of the Board of Trustees of the University of Illinois be and they are each and all of them hereby authorized and directed to execute all instruments, papers, and documents necessary or convenient to accomplish the issuance of the $921,000 Medical, Dental, and Pharmacy Building Revenue Bonds and the reacquiring and revesting of all of the trust property held by the University of Illinois Foundation, as Trustee under that certain Trust Agreement dated April 7, 1936, and known as the Medical and Dental College Building Trust, in the University of Illinois, and that the Treasurer is authorized and directed to deposit the proceeds of the sale of said bonds including premium in the Revenue Fund Account of the University of Illinois Foundation, as Trustee under the said Medical and Dental College Building Trust. After due consideration thereof Trustee Fornof made a motion that said resolution be adopted, which motion was seconded by Trustee Jensen, and upon roll call said resolution was adopted by the following aye and nay votes: ayes, Mr. Adams, Mr. Cleary, Mr. Davis, Mr. Fornof, Mr. Jensen, Mr. Karraker, Mr. Livingston; nays, none. Other business not pertinent to the issuance of the bonds. Thereupon, there being no further business to be presented to the Board of Trustees of the University of Illinois, it was moved by Trustee Jensen and seconded by Trustee Fornof that the meeting be adjourned. Upon roll call, said motion was duly adopted, and the meeting declared adjourned.

STATUS OF APPROPRIATION BILLS FOR BIENNIAL BUDGET

At this point, President Willard reported that he had received a message to the effect that the Senate Committee on Appropriations, in considering the appropriations requested by the University, had sent a special committee to Governor Green to ask what action he would take if the bill were passed as introduced, carrying a total above that recommended by the Budgetary Commission, and that the Governor had informed the special committee that he would in that event veto sufficient items to reduce the appropriation to the amount recommended by the Budgetary Commission. Mr. Livingston offered a motion that the Board approve an amendment of its appropriation bill to reduce the amount to that recommended by the Budgetary Commission. During the discussion, President Cleary read letters from three former presidents of the Board of Trustees stating that in their opinion it was the duty and prerogative of the Board to request from the General Assembly such appropriations as in its opinion were necessary for the proper operation and maintenance of the University, and to support such requests to the best of its ability.