Repository: UIHistories Project: Board of Trustees Minutes - 1946 [PAGE 386]

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1945]

UNIVERSITY OF ILLINOIS

383

ing Program Committee, to comment on this matter. The Provost stated that the Laboratory Schools Building had been given more and longer hearings and more earnest consideration than any other project before the University Building Program Committee; that the Committee had approved the propect for inclusion in the program, but had not listed it in the first biennium for the reason that it did not meet as fully as other projects the requirement of contributing to "health, safety, and veterans' care" prescribed by the Illinois Post-War Planning Commission; that in its present form the project did not conform to our position and program of research as now drawn, and that such a very important matter as this should be given more intensive study than would be possible if construction were to take place during the first biennium; and that the University Building Committee does not consider that the priority of any building in the program after the first biennium is definitely fixed. Letters from Dean Benner dated January 2 and February 15, 1945, were considered; also a letter from the Illinois Education Association, dated September 22, 1944. This matter was discussed fully and in detail. It was the unanimous opinion of the members present that, since the total allotment of funds for the first biennium had been definitely fixed by the Commission, there was no possibility of increasing the amount for adding the Laboratory Schools Building to the program for the first biennium, and that it would be most undesirable to substitute this building for any of the urgently needed projects now included in the program recommended by the University. On motion of Mr. Davis, the Secretary was instructed to inform Dean Benner of the position of the Board in this matter, and to state that, in view of all these considerations, it did not seem necessary to take the time of prominent educators and that of the Board for a hearing on the matter at the present time.

URBANA C O K E C O R P O R A T I O N T h e Secretary presented the following report. Following instructions of the Executive Committee on January 5, 1944, the Secretary of the Board has proposed to the Urbana Coke Corporation that it turn over its patents and other assets to the University of Illinois Foundation. After some correspondence with the Secretary of the Corporation, the stockholders of the Corporation at the last annual meeting elected Lloyd Morey, James C. Colvin, and Harrison E. Cunningham as the sole directors of the Urbana Coke Corporation. T h e Directors have met and effected a temporary organization. The stock of the Urbana Coke Corporation duly authorized and issued consists of 500 shares 6% cumulative preferred stock, the property of the University of Illinois, and 250 shares of common stock, no par value. At the present time, the Secretary-Treasurer holds stock certificates for 203 shares of common stock, and letters from the owners of 32 shares consenting to the transfer of assets to the University of Illinois or to the Foundation. One stockholder, the owner of fifteen shares, has not been reached. While his consent is desirable, it is not necessary. 1 T h e assets of the Urbana Coke Corporation consist in the patents on what has always been called the P a r r process of coking soft coals at low temperatures. There are 8 U. S. Patents, 7 French, 6 British, and 7 Canadian. T h e r e is also an independent French patent which belongs to the Corporation. There a r e various assignments and agreements and miscellaneous papers in the hands of the Secretary-Treasurer. 'Consent received March 8, 1945.—H.E.C.