Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 823]

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814

BOARD OF TRUSTEES

[September 29

1. T h e author guarantees that his manuscript is original, free of copyright by someone else, and not libelous. H e promises to deliver the manuscript by a certain time and in proper condition for publication. There are detailed provisions for the handling of revisions and proofs, and for the assessment of costs for illustrations, cuts, retyping, and other expenses of preparation. 2. T h e publisher (i.e., the University) has the right to reject the manuscript or to require or to make revisions in the manuscript. T h e accepted and revised manuscript must be published within a certain time, or the contract terminates. The degree of responsibility of the publisher for care of the manuscript, when it is in his possession, is defined; and so also is the responsibility for taking out and renewing copyright, and for the procedure to be followed in case a new edition is required or the book is allowed to go out of print. 3. T h e author will be paid no royalties on the first 1,000 copies sold. After 1,000 copies have been sold, a royalty of 15 per cent of net will be paid, until 10,000 are sold, after which the royalty will be 25 per cent of net. 4. T h e r e are detailed provisions for the handling of secondary rights to the manuscript. If the Press grants right of reprint to another U. S. publisher or a book club, to an anthology or a digest, the proceeds are to be divided equally between author and publisher. If the Press sells foreign, translation, serial, dramatic, motion picture, radio, or television rights, the author is to receive twothirds of the proceeds, the Press one-third. In any given contract, of course, there may be slight deviation from the basic provisions. F o r example, no royalty will be paid staff members of the Press who publish books with the Press. In the case of some very expensive books, it may be desirable to begin royalty payments after 2,000 or 3,000 copies, rather than 1,000. In the case of one international book the Press hopes to publish, it may be necessary to assign foreign rights. Any such deviation will be submitted to the President of the University for approval. I concur.

On motion of Mrs. Watkins, authority was granted as recommended.

R E P O R T O F T H E COMMITTEE ON A G R I C U L T U R E ON SALE O F COOK C O U N T Y A G R I C U L T U R A L EXPERIMENT STATION (5) At its meeting on July 28 the Board of Trustees referred to its Committee on Agriculture a recommendation that the Cook County Agricultural Experiment Station south of Des Plaines, Illinois, be sold. The committee was authorized to investigate this proposal, to employ a competent appraiser to determine the market value of the property, to employ a real estate broker to negotiate with prospective purchasers, and to report to the Board. T h e committee engaged Messrs. Allan Kirkwood, Suite 1125, 134 S. LaSalle Street, Chicago; H . M. Cornell, 464 Northwest Highway, Des Plaines; and Richard J. Leyden, Suite 863, 38 South Dearborn, Chicago as appraisers. Their certificate of appraisal is submitted herewith and the original signed copy is hereby given to the Secretary of the Board for record. Accompanying the certificate of appraisal is a statement of the qualifications of each of these gentlemen as real estate experts. Your Committee recommends that the land be sold and reports that it has employed Richard J. Leyden, one of the appraisers, as broker to negotiate with prospective purchasers and report through the Committee to the Board. T h e Committee has authorized the Business Office to pay each of these appraisers $75 (total $225) for their services. This is the minimum standard fee specified by the Cook County Real Estate Board for such work. Respectfully submitted. C O M M I T T E E ON AGRICULTURE

KARL A. MEYER W I R T HERRICK WALTER W. MCLAUGHLIN,

Chairman

On motion of Mr. Nickell, this report was adopted and the employment of Mr. Leyden was confirmed.