Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 1054]

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UNIVERSITY OF ILLINOIS

IO45

be resolved by a settlement agreement under which Merck and Company, Inc., E. R. Squibb and Sons, Parke, Davis, and Company, Eli Lilly and Company, the Upjohn Company, and the Abbott Laboratories -would each receive a royalty-free, non-exclusive license with the further provision that Merck and Company, Inc., and E. R. Squibb and Sons would each be given the right to grant three royaltyfree sub-licenses. This proposed solution is part of patent agreement among pharmaceutical manufacturers to broaden the availability to the public of the important antibiotic substances. T h e Dean of the Graduate College and Chairman of the University Research Board is convinced that the public interest will be well served if the Board of Trustees of the University of Illinois enters into such an agreement. The Legal Counsel concurs in this opinion. I therefore recommend that the Board of Trustees enter into the settlement agreement herein proposed. On motion of M r s . W a t k i n s , this agreement was authorized. EXCHANGE OF LAND WITH MEDICAL CENTER COMMISSION (4) The Medical Center Commission has suggested an exchange of the property owned by them located at 718 South Hermitage Avenue, Chicago, for property owned by the University of Illinois located at 1745 West Flournoy Street, Chicago. The property at I74S West Flournoy Street was purchased in 1922 and has an area of approximately 1,345 square feet. The LTniversity has sold the property north of the Union Building to the Cook County Graduate School, and as a result, owns no property contiguous to 1745 West Flournoy Street. The property owned by the Medical Center Commission at 718 South Hermitage Avenue consists of approximately 3,100 square feet and is adjacent to property now owned by the University of Illinois. The proposed transfer results in a unification of University property and increases the area owned by the University. Vice-President Ivy, Director Havens, and Comptroller Morey recommend that the transfer be approved. I concur and request the Board to adopt the attached resolution (see Appendix, page 1061). D r . I v y commented on this matter. O n motion of M r s . W a t k i n s , the resolution was adopted as recommended, by the following vote: Aye, Mr. Fornof, M r . Herrick, M r s . Holt, Dr. Meyer, M r s . W a t k i n s , M r . Williamson; no, none; absent, M r . Hickman, M r . Livingston, Mr. McLaughlin, M r . Nickell, M r . Stevenson. APRIL MEETING IN SPRINGFIELD At this point, President Williamson announced that he had received an invitation from Governor Stevenson to hold the next meeting of the Board at the Executive Mansion, in Springfield, on W e d n e s d a y , April 19, I950. O n motion of M r . Fornof, this invitation was accepted, with appreciation. RECESS FOR LUNCHEON At this point, the B o a r d recessed for luncheon. Present as guests of the Board w e r e : M r . H e r b e r t B. Megran, President of the University of Illinois Foundation, M r . F r e d H . Ebersold, President of the Alumni Association, M r . William H . Butterfield, Manager of the Foundation, M r . J a m e s C. Colvin, Secretary of the Foundation, and Professor R o b e r t G. Kesel, of the College of Dentistry. A f t e r luncheon, D r . Kesel reported on the status of his work on the eradication of dental caries.