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Caption: Board of Trustees Minutes - 1948
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20 BOARD OF TRUSTEES [July 30 Minnie R. M u r r a y ' s Replat of Lots 4, 5 and 6 in Block 5 of W . C. Barrett's Addition to Champaign, Illinois." M r . Britton explained that this lot was left by the Will of Charles P . H o w a r d to Hartwell C. Howard and the First National Bank of Chicago as Trustee for Hartwell C. H o w a r d for life, with remainder interest in one-half of said lot to the Y.M.C.A. of Champaign and one-half to the University of Illinois. The trust contained an unrestricted power of sale in the trustee. T h e trustee exercised the power of sale a n d sold the lot for $3,500. This money is now held by the N o r t h e r n T r u s t Company of Chicago. T h e Quit Claim Deed is asked in order to clear up a technical objection to the title arising from the fact that one of the trustees, Hartwell C. Howard, was the life beneficiary, and that after the sale of the lot to the grantees, these grantees in turn conveyed the lot to Hartwell C Howard who, in turn, now proposes to sell it to Charles L. Ferguson and his wife. Mr. Britton stated that for the above information he was relying on a conference with M r . Sale and a letter from M r . Sale. H e recommended that the Board of Trustees execute the Quit Claim Deed as requested, subject to his confirmation of the above information by examination of the terms of the trust instrument and other documents. President Stoddard concurred in this recommendation. On motion of M r . Nickell, the Comptroller and the Secretary of the Board of Trustees of the University of Illinois were authorized and directed to execute the Quit Claim Deed on receipt of certification from the Legal Counsel that the University's interests were in no way adversely affected by the execution of such instrument. This motion was adopted by the following vote: Aye, M r . Davis, M r . Fornof, M r s . Grigsby, Mr. Livingston, Dr. Luken, M r . McKelvey, M r . McLaughlin, Dr. Meyer, M r . Nickell, M r . Williamson; no, none; absent, M r . Green. SECRETARY'S REPORTS T h e Secretary presented the following lists for record, as printed in the Appendix: 1. Appointments made by the President of the University (page 21). 2. Resignations, declinations, and cancellations (page 32). 3. Graduate scholars and fellows (page 35). T h e Board adjourned. H . E. C U N N I N G H A M PARK LIVINGSTON Secretary President
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