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Caption: Board of Trustees Minutes - 1950
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i95o] UNIVERSITY OF ILLINOIS Department Institute of Aviation Vendor R. Hill Carruth, Chicago, representing the U. S. Aircraft Insurance Group Deposit premium Annual premium (estimated) Total I26l Cost Item Aviation liability insurance on a monthly reporting form basis effective July 1, 1950, for one year with bodily injury limits of 850,000 per person and £250,000 per accident, and property damage limits of $50,000 per accident covering aircraft owned, leased, and operated by the University on and off its premises One recorder, indicating, D-C potentiometer type, 16-point, range —2 to —6 millivolts, 115 volt Two each recording timers, precision model SCI-5 32 animal cages to be manufactured to University specifications and blueprints Approximately 500 cases of Pyrex laboratory glassware Builders' all-risk insurance including fire, extended coverage, vandalism and malicious mischief coverages at two-year rates on a monthly reporting form basis effective August 1, 1950, on the Animal Sciences Laboratory, Urbana Campus, on which the final insurable value is estimated at $2,400,000 500 00 1 416 00 1 916 00 Mechanical Engineering Physics Animal Hospital Leeds & Northrup Co., Chicago Streeter-Amet Co., Chicago Sherman-Reynolds, Inc., Chicago 1 006 82 f.o.b. Urbana 1 04.0 00 f.o.b. Chicago 2 785 00 net delivered and installed 10 000 00 6 500 00 Professional General Stores (Chicago) Physical Plant Corning Glass Works, Corning, N.Y., through five authorized dealers The Reynolds Ins. Agency, Peoria, representing the General Insurance Co., the Hartford Fire Insurance Co., the St. Paul Fire and Marine Insurance Co., and the Springfield Fire and Marine Insurance Co.—one-fourth of the coverage to each company (gross estimated) AGREEMENTS WITH MEDICAL CENTER COMMISSION O U T L I N E O F C O N D I T I O N S O F P R O P O S E D A G R E E M E N T S BET W E E N MEDICAL CENTER COMMISSION AND U N I V E R S I T Y O F ILLINOIS FOR CONSTRUCTION OF A STUDENT RESIDENCE HALL AND S T A F F A P A R T M E N T B U I L D I N G F O R T H E C H I C A G O P R O FESSIONAL COLLEGES OF T H E UNIVERSITY OF ILLINOIS (Recommended by a Committee of the Medical Center Commission and the Committee on Chicago Departments of the University Board of Trustees June I'S, 1950.) 1. The University will convey to the Commission the site for the residence hall (immediately west of the main Medical-Dental-Pharmacy Building). The Commission will provide the site for the apartment building (four blocks east of main building) including certain present buildings to be incorporated with the staff apartment project. 2. The Commission is to procure all the necessary temporary and permanent financing for the proposed project on conditions mutually acceptable to the two parties. (Equitable Life Assurance Society has offered to lend the Medical Center Commission the total amount required for construction and equipment of the projects up to $2,700,000, with an informal tentative maximum of $3,000,000, at 4 per cent to be fully amortized in twenty-five years, with a commitment fee of yA of I per cent, subject to a mutually satisfactory agreement between the Commission and the University.) 3. The Commission agrees to construct and equip the residence hall and the apartment building from funds thus secured, buildings to be constructed in accordance with plans and specifications provided by architects previously appointed by the University. 4. Bids are to be solicited by public advertisement, opened in the presence of University representatives, and contracts for all construction, equipment, and remodeling are to be let on written approval of the University. Payments for work
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