Caption: Board of Trustees Minutes - 1942
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
420 BOARD OF TRUSTEES lAugust 5 sale and reinvestments. The Finance Committee recommends approval of these transactions: Sell 72 shares of American General Corp. Preferred (received as gift of Babcock F u n d ) — a t the market of approximately 27J/2. Buy 23 shares of Standard Oil of New Jersey Common stock (in addition to 77 shares held)—approximate market 45. Buy 20 shares of Inland Steel Common stock (in addition to 20 shares held)—approximate market 79. On motion of Mr. Karraker, these transactions were authorized. MATTERS PRESENTED BY PRESIDENT WILLARD The Board resumed consideration of matters presented by the President of the University. CHANGE IN CONTRACT FOR INSTALLATION OF ELEVATORS (20) At the meetings of the Board on June 24 and July 15 (Minutes, pages 337 and 389), contracts were authorized for replacing the elevators in the Administration Building and Mary E. Busey Hall. T h e Director of the Physical Plant Department reports that he now finds it will be impossible to install the elevator in Busey Hall before the opening of the next academic year. In view of this and the questions raised at the last meeting of the Board concerning the need of such equipment in Busey Hall, he recommends approval of a change in the contract with the Westinghouse Electric Elevator Company providing for the omission of all work in Busey Hall, thus reducing the contract price from $13,800 to $7,818. I concur in the above recommendation. On motion of Mr. Jensen, this recommendation was approved. C H A N G E IN G E N E R A L C O N T R A C T FOR MEN'S RESIDENCE HALL (21) T h e Director of the Physical Plant Department recommends authorization of the following change order No. 6 in the contract with J. P. Cullen & Son for general work on the Men's Residence Hall. Paint ceilings in student room areas and kitchen, in accordance with quotation of F. L. Shadel & Son, dated July 17, 1941—Add $1,899.20. On motion of Mr. Fornof, this change was authorized. PURCHASES AUTHORIZED (22) A report of the following purchases authorized by the President of the University in accordance with the University Statutes: 1. One car of fir lumber for Physical Plant stock, from the Thompson Lumber Company, Champaign, the low bidder, at a price of $1,365.25, f.o.b. Champaign. This report was received for record. CONTRACTS EXECUTED BY THE COMPTROLLER JULY 7 - 2 9 , 1 9 4 1 (23) A report of contracts executed by the Comptroller: Minor contracts executed under general regulations of the Board of Trustees: With Whom Crookham Company For Rogers Bros. Seed Company Corneli Seed Company Associated Seed Growers Columbia Artists Tnc. Columbia Artists Inc. Columbia Artists Inc. Improvement of sweet corn Improvement of sweet corn Improvement of sweet corn Improvement of sweet corn Lecture of James R. Young Lecture of Harry Gideonse Lecture of Carl Sandburg Amount to be paid to the University None None None None Si$o 250 250 June June June June July July July Date 7, 194.1 7, 1941 7, 1941 7, 1941 18, 1941 18, 1941 18, 1941
| 
