Repository: UIHistories Project: Board of Trustees Minutes - 1956 [PAGE 258]

EXTRACTED TEXT FROM PAGE:

1955]

UNIVERSITY OF ILLINOIS

255

Be It Further Resolved that upon compliance with the terms of said agreement by Purchaser, and in accordance with the terms thereof, said Comptroller and Secretary be, and they hereby are, authorized and directed, to execute, acknowledge, and deliver, in the name, and in behalf of, this Corporation, and under its Corporate Seal, a Warranty Deed and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to Purchaser title to the following described property, viz: Lot Nineteen (19) in Block Four (4) of Sunset Place, an addition to the City of Champaign, being a part of the Northwest Quarter ( N W } 4 ) of the Northeast Quarter ( N E J 4 ) of section Fourteen (14) Township Nineteen (19) North, Range Eight (8) East of the Third Principal Meridian, in the City of Champaign, in the County of Champaign, in the State of Illinois. Resolution WHEREAS, Noah E. and Marie A. Bacon, 1617 Chevy Chase, Champaign, Illinois, hereinafter termed "Purchasers," have offered to purchase the hereinafter described property known as 608 South Chicago, Champaign, Illinois, upon the terms and conditions hereinafter set forth: Now, Therefore, Be It Resolved by the Board of Trustees of the University of Illinois, a public corporation of the state of Illinois, that the Comptroller and Secretary of this Corporation be, and they hereby are, authorized and directed, in the name, and in behalf of, this Corporation to enter into an agreement with said Purchasers providing for the sale and conveyance to them of the hereinafter described property upon the following terms and conditions: (A) At a sale price of $10,500.00 with customary adjustments to be made therein for taxes, insurance, and abstracting costs; (B) This Corporation to furnish Purchasers a merchantable abstract of title and pay for the required Federal Revenue stamps; (C) Possession to be delivered to Purchasers at the time final payment is made; (D) A deposit of $500.00 to be made by the Purchasers at the time the Contract of Sale is executed and the balance of the purchase price to be paid at the time of delivery of the deed and not later than six months after the date the contract is executed; (E) The title to be conveyed to be subject to special assessments becoming a lien after the date hereof, building restrictions and easements of record; ( F ) Such other terms and conditions as said Comptroller and Secretary may deem necessary or desirable. Be It Further Resolved that upon compliance with the terms of said agreement by Purchasers, and in accordance with the terms thereof, said Comptroller and Secretary be, and they hereby are, authorized and directed, to execute, acknowledge, and deliver, in the name and in behalf of, this Corporation, and under its Corporate Seal, a Warranty Deed and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to Purchasers, not in tenancy in common, but in joint tenancy, title to the following described property, viz: Lot Twenty-One (21) in Western Summit Addition to the City of Champaign, being a part of the Northwest Quarter ( N W J 4 ) of the Northeast Quarter ( N E ^ ) of Section Fourteen (14) Township Nineteen North (19), Range Eight (8) East of the Third Principal Meridian situated in the City of Champaign in the County of Champaign and State of Illinois. Resolution WHEREAS, Charles E. Wertz and Dolores S. Wertz, his wife, of Urbana, Illinois, hereinafter termed "Purchasers," have offered to purchase the hereinafter described property known as 606 South Coler, Urbana, Illinois, upon the terms and conditions hereinafter set forth; Now, Therefore, Be It Resolved by the Board of Trustees of the University of Illinois, a public corporation of the state of Illinois, that the Comptroller and Secretary of this Corporation be, and they hereby are, authorized and directed, m the name, and in behalf of, this Corporation to enter into an agreement with