Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 1273]

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U N I V E R S I T Y OF

ILLINOIS

1265

said instrument and caused the corporate seal of said corporation to be affixed thereto as their free and voluntary act and as the free and voluntary act and deed of said corporation, for the uses and purposes therein set forth. G I V E N under my hand and notarial seal this day of , 1950. Notary Public

EXHIBIT B

T H I S I N D E N T U R E made this day of , 1950 between Medical Center Commission, a body politic and corporate of the State of Illinois, party of the first part (hereinafter called the "Lessor") and the Board of Trustees of the University of Illinois, a body politic and corporate of the State of Illinois, party of the second part (hereinafter called the "Lessee"), WITNESSETH: SECTION I . The Lessor, in consideration of the rents herein reserved and of the covenants and agreements herein contained on the part of the Lessee to be kept, observed and performed, has demised and leased and does by these presents demise and lease unto the Lessee the following described real estate in the County of Cook and State ol Illinois, to wit: Parcel A Lots One (1) to Ten (10) inclusive and Fifty-nine (59) and Sixty (60) and Lots Ninety-five (95) and Ninety-six (96) of Potter Palmer's Subdivision of Lot Eleven (11) and that part of Lot Twelve (12) lying South of the center line of Polk Street, except Winchester Avenue, in Codewise's Subdivision of the West Half ( W J 4 ) of the Southeast Quarter ( S E J 4 ) of Section Eighteen (18), Township Thirty-nine (39) North, Range Fourteen (14) East of the Third Principal Meridian, except the West one and thirty-seven hundredths (1.37) chains, which premises are at present vacant and unimproved and on which is to be erected a Student Residence Hall (hereinafter referred to as the "Residence Hall") ; and Parcel B Lots One (1) to Twenty-four (24) inclusive in Sturges et al Resubdivision of Block Nine (9) in Assessor's Division of the East Half ( E J 4 ) of the Southeast Quarter ( S E J 4 ) of Section Eighteen (18), Township Thirty-nine (39) North, Range Fourteen (14) East of the Third Principal Meridian, which premises are at present vacant and unimproved and on which is to be erected is to be erected a ten story Staff Apartment Building (hereinafter referred to as the "Apartment Building"). The Lessor further agrees, as soon as may be after the date hereof, to procure ordinances necessary for and at its own cost and expense to complete the vacation of the east and west alley south of and adjoining Lots I to 10 inclusive and north of and adjoining Lots 59 and 96 and also that part of the north and south alley lying between Lots 59, 60, 95 and 96, all referred to in Parcel A, and that part of the north and south alley lying west of and adjoining Lots I to 12 inclusive and east of and adjoining Lots 13 to 24 inclusive, all referred to in Parcel B ; as and when the alleys aforementioned have been vacated, it is agreed by the parties hereto that the same shall be and constitute a part of the premises hereby demised and leased, which are defined as Parcels A and B and all buildings thereon with all equipment and furnishings therein, and are hereinafter referred to as the "demised premises". T O H A V E A N D T O H O L D the demised premises above described and all buildings and improvements now thereon or hereafter placed or erected thereon, together with all the rights, privileges, easements and appurtenances thereunto attaching and belonging, unto the Lessee for and during the term and upon the provisions hereinafter specified. SECTION 2. This lease shall be effective for a primary term beginning on the day of , 1950, and ending on the 30th day of June, 1951,