Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 1192]

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1184

BOARD OF TRUSTEES

[June 22

GRANTS IN AID FROM AMERICAN CANCER SOCIETY (21) From time to time the American Cancer Society makes grants in aid of research to the University and to members of its staff. The patent policy of the American Cancer Society includes the following provisions which are in disagreement with the University's patent policy. "It is the policy of the American Cancer Society to allow investigators complete freedom to publish the results of their research in any scientific or medical journals selected by them as the best media for the most effective dissemination of the work. Because of this policy and the fundamental nature of the research projects which are being investigated, the problem of obtaining United States and foreign patents will seldom be presented. "However, in the event that the question of patenting should arise, the principal investigator or grantee-institution concerned should inform the Executive Vice-President of the American Cancer Society concerning the matter, so that negotiations by the Society may be effected. "Where a patent application is made, the policy of the American Cancer Society will apply, requiring the assignment of all patents to the Society; and the inventor shall receive a non-exclusive, irrevocable, royalty-free, and assignable license." The Bursar of the University has corresponded with officials in the American Cancer Society in an effort to reconcile this disagreement. He reports that the Society is reluctant to make any change in a policy which it applies uniformly to a research program consisting of many individual contracts throughout the country. In view of this, and since the intent of the Society's patent policy is identical with the University's, namely protection of public interest, 1 recommend that the Board authorize waiving the patent provisions of the University Statutes in so far as they apply to work done on a grant in aid from the American Cancer Society and authorize acceptance of the Society's policy, as stated above, in such cases.

On motion of Mr. Livingston, these recommendations were approved and adopted.

INVESTMENTS (22) The Finance Committee reports the following transactions involving securities: Funds Held as a Reserve for p , , Workmen's Compensation Benefits U.S.A. 1 J i % Certificates of Indebtedness, due July 1, I95 1 c- , . Endowment Funds Phillips Petroleum Company, 200 rights Pacific Gas and Electric Company, 220 rights $ 2 o 000 00

68 75 90 56

T~ , Student Loan Funds Exchange: $30,000 U.S.A. I J 4 % , Certificates of Indebtedness, due April 1, 1950, for $30,000 U.S.A. Treasury notes, i j 4 % , due July 1, 1951.

This report was received for record.

C O M P T R O L L E R S REPORT OF CONTRACTS (23) The Comptroller's report of contracts executed in May, 1950 (see Appendix, page 1258).

This report was received for record.

COAL RECEIVED FROM THE REPUBLIC COAL A N D COKE COMPANY, JANUARY I TO APRIL 2 , 1 9 5 0 (24) In accordance with the request of the Board of Trustees, the following report is submitted of coal deliveries by the Republic Coal. and Coke Company during the period January 1 to April 2, 1950.