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Caption: Board of Trustees Minutes - 1950
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195°] UNIVERSITY OF ILLINOIS IOO$ CONTRACTS FOR REMODELING OF QUARTERS FOR THE DEPARTMENT OF BIO-CHEMISTRY IN THE COLLEGE OF MEDICINE (33) The Board of Trustees on January 12, 1950 (Minutes, page 970), made an appropriation of ?ioo,ooo, subject to release of funds by the Governor, from the State appropriation for remodeling and equipment of quarters for the Department of Bio-Chemistry in the College of Medicine. A previous appropriation had been made on March 17, 1949 (Minutes, page 296), from the General Reserve Fund for the architectural and engineering services. The Director of the Physical Plant and the Comptroller recommend that contracts be awarded as follows: General mechanical and electrical work — Mueller Construction Co., Chicago #65 750 00 Manufacture and installation of fixed laboratory equipment, based on University specifications — E. H. Sheldon and Company, Chicago. . 25 996 12 These are the lowest bidders. The bid of E. H. Sheldon and Company on the laboratory equipment was $33,201.20; it was reduced by $',205.08 by elimination on recommendation of the Department of Bio-Chemistry of twelve items of equipment. I concur and recommend that the Comptroller and the Secretary of the Board be authorized to execute these contracts subject to the release of funds by the Governor. A release of $100,000 will be requested to cover these contracts and to provide approximately $9,000 for any necessary adjustments and the cost of moving the department after the remodeling. On motion of Mr. Nickell, these contracts were awarded and authority was given as recommended. PURCHASE OF X-RAY EQUIPMENT FOR ADDITION TO RESEARCH AND EDUCATIONAL HOSPITALS (34) Competitive quotations were taken on January 31 on X-ray equipment required for ten rooms of the Radiology Department in the addition to the Research and Educational Hospitals now under construction. The Head of the Department of Radiology, the Business Manager for the Chicago Professional Colleges, the Director of Purchases, and the Comptroller recommend purchases of this equipment as follows: Picker X-ray Corporation, Chicago, equipment for Rooms 301, 302, 307, 310, 347, 352 ?59 680 General Electric X-ray Corporation, Chicago, equipment for Room 304 and Emergency Room 12 303 Kelley Koett Company, Chicago, equipment for Rooms 340 and 346 31 630 ?I03 613 Funds are available in the State appropriation for the "Construction of addition to present hospital." I recommend approval, subject to the release of funds by the Governor. On motion of Mr. Livingston, these purchases were authorized as recommended. ENDOWMENT FUNDS INVESTMENTS M r . M c L a u g h l i n , for the Finance Committee, presented the following report. The Finance Committee recommends the following transactions involving securities which are investments of endowment funds: Sales: Two shares of Standard Oil Company of New Jersey Common Stock 200 shares of Crane Company Common Stock Purchases: 200 shares of Deere and Company Common Stock Authorization to proceed with these transactions and approval of the following resolution is requested:
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