Repository: UIHistories Project: Board of Trustees Minutes - 1946 [PAGE 1111]

EXTRACTED TEXT FROM PAGE:

no4

BOARD OF T R U S T E E S

[May 29

College of Engineering — continued Physics (Task Order No. I ) 269 335 1. T h e study of the interaction of heavy nuclear particles with heavy nuclei and with each other. 2. T h e study of the interaction of light atomic particles with matter. 3. The study of the production of penetrating radiations and their characteristics and interactions with materials. Theoretical and Applied Mechanics (2 tasks) 62 400 1. Behavior of materials under repeated stress $44 400 2. Study of the elastic behavior of thin shell m e m b e r s . . . . 18 000 College of Liberal Arts and Sciences Chemistry 21 500 T o re-evaluate existing methods of separating the rare earth elements and thorium and especially to devise new methods based on isotope separation procedures such as thermal diffusion in solution, ion-exchange, and liquid-liquid extraction, as well as chemical methods for certain specific separations. College of Medicine Research on study of changes in brain $14 950 Study of functional organizations of the human cerebral cortex 16 000 Convalescence project (under Dr. Keeton of Department of Medicine) 70 000 Unidentified task (estimated) 10 000 n o 950 Total $601,673 The University will be reimbursed in full for all expenditures on these research tasks. I request confirmation of my action.

On motion of Mrs. Grigsby, the action of the President of the University in authorizing these projects was approved and confirmed.

LEASE W I T H M I D - C O N T I N E N T PETROLEUM CORPORATION (16) T h e Finance Committee presents the following report: On April 18, 1936 (Minutes, page 626), the Board approved, on recommendation of the Finance Committee, a lease with the Mid-Continent Petroleum Corporation for the property on the southwest corner of University Avenue and W r i g h t Street, Champaign, opposite the northwest entrance to the baseball field. T h e lease was for five years with option of two five-year extensions at a minimum annual rental of $420 and a maximum of $840, the company to make all improvements and pay all taxes thereon. F o r a number of years the University has been receiving the maximum rental each year. T h e first two periods of the lease and extension are passed, with an option of five years yet remaining. T h e company desires to make a new lease from June I, 1946, for five years with two additional five-year renewal options, which in effect extends the lease ten years beyond the present expiration. It has also agreed to increase the maximum rental to $1200 a year. T h e property in question was received as a gift of the Babcock Endowment Fund and belongs to that fund. T h e Comptroller has recommended this lease to the Finance Committee, and the Committee recommends its approval.

CHESTER R. D A V I S F R A N K H . MCKELVEY K E N N E Y E. WILLIAMSON, Chairman

On motion of Mr. Williamson, the execution of this lease was authorized.

EXECUTION O F CONTRACTS (17) In the conduct of negotiations and the execution of contracts for the installation and construction of emergency housing units and equipment for the same, for both students and members of the staff, it is necessary to proceed with minimum delay in order to secure material and services and assure com-