Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 436]

EXTRACTED TEXT FROM PAGE:

1941]

UNIVERSITY OF ILLINOIS

433

Lots 8, g, and t o in Yeaton and Taylor's Subdivision of Lots 5, 6, and 7, in Codwise Subdivision, except the west 1 chain and 37 links thereof; and Those parts of Lots 3 and 4 in the Subdivision by Codwise and others, except I chain and 37 links along the west side, which lie south of W . Polk Street, west of S. Wood Street, east of S. Wolcott Avenue (formerly S. Lincoln S t r e e t ) , and north of the south eight feet of said Lot 4 dedicated for an alley; excepting that part of said Lot 3 described as follows: beginning at the southwest corner of S. Wood Street and W . Polk Street, and running thence west along the south line of said W . Polk Street a distance of 193.69 feet; thence south parallel to the west line of said S. Wood Street a distance of 152 feet; thence east parallel to the south line of said W . Polk Street a distance of 85.69 feet; thence south parallel to the west line of said S. Wood Street a distance of 18.60 feet; thence east parallel to the south line of said W. Polk- Street a distance of 108 feet to the west line of said S. Wood Street; and thence north along the west line of S. Wood Street a distance of 170.60 feet to the point of beginning; also excepting that part of said Lot 4 described as follows: the north 183 feet of the south 191 feet of the west 159 feet of the east 192 feet, being a tract of land 183 feet north and south by 159 feet east and west, lying west of S. Wood Street and north of alley; also excepting that part of said Lot 4 described as follows: the north 75.19 feet of the south 83.19 feet of the east 180 feet of the west 213 feet, being a tract of land 75.19 feet north and south by 180 feet east and west, lying east of S. Wolcott Avenue and north of alley, excepting the north 0.66 feet of the east 7^ feet thereof; all in the west half of the Southeast quarter of Section 18, Township 39 North, Range 14 East of the Third Principal Meridian.

Approved July 9, 1941 DWIGHT H . GREEN H U G H W. CROSS President of the

Senate

Governor

„

r

„ of the House

Kl.MER J . ScHNACKENliERC

Speaker

HOUSE BILL 7 0 1

(Reported to the Board of Trustees August s, J941, Minutes, page 414")

A N A C T to provide for the creation, maintenance, and administration of a Retirement System for the benefit of the staff members and employees of the University of Illinois and of certain other state educational and scientific agencies. Be it enacted by the People Assembly: of the Stale of Illinois, represented in the General

AKTICLE 1. CREATION

Sec. 1.1 Authorization: A Retirement System to be administered in accordance with the provisions of this Act is hereby created. Sec. 1.2 Purpose: T h e purpose of such System is to establish a sound and efficient means of providing retirement annuities and other benefiis for the staff members and employees of the University of Illinois, the State Normal Universities and Teachers' Colleges, and the State Scientific Surveys; thereby enabling such staff members and employees to accumulate reserves for themselves and their dependents in case of old age, disability, death, and termination of employment, and thereby effecting economy and efficiency in the public service by furnishing an orderly method of retiring, without hardship and prejudice, staff members and employees who have become aged or otherwise incapacitated. Sec. 1.3 Name: T h e System so created shall be known as the University Retirement System of Illinois. All the affairs and business of such system shall be transacted in such name. Sec. 1.4 Effective Date: T h e System hereby created shall become effective as of September 1, 1941.