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Caption: Board of Trustees Minutes - 1952
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1952] UNIVERSITY OF ILLINOIS 1343 said bank of the fact that the University has exercised its option to call and redeem bonds numbered 168 to 400, inclusive, of said issue, and that funds will be deposited with said bank on or before March I, 1952, as paying agent, for the payment and redemption of said bonds, and will also deposit with said bank as Depositary of said issue funds sufficient to pay bonds numbered 146 to 167, inclusive, of said issue which mature on March 1, 1952. On motion of Mr. Nickell, this resolution was adopted by the following vote: Aye, Mr. Fornof, Mr. Herrick, Mrs. Holt, Mr. Johnston, Mr. Livingston, Mr. Megran, Mr. Nickell, Mrs. Watkins; no, none; absent, Mr. Grange, Mr. Hickman, Mr. Stevenson. SIGNING O F REVENUE BONDS The Comptroller stated that the new University of Illinois Men's Residence Halls revenue bonds to be issued to provide funds for the construction of additional residence halls facilities and to redeem the outstanding bonds issued in 1948 will require the signatures of the President and Secretary of the Board, and of two other Trustees designated by the Board. On motion of Mr. Nickell, Mr. Wirt Herrick and Mrs. Frances B. Watkins were designated to sign the bonds with the President and Secretary of the Board. ACTION BY T H E EXECUTIVE COMMITTEE O N BIDS FOR FINANCING OF T H E MEN'S RESIDENCE HALLS ADDITIONS (13) Bids will be received on February 14, 1952, for the issue of $1,750,000 revenue bonds to finance in part the expansion of the Men's Residence Halls facilities on the Urbana campus. It is desirable that the successful bidder be notified on the date on which bids are received. The Comptroller recommends that the Executive Committee of the Board of Trustees be authorized to award the issue to the qualified bidder submitting the offer which represents the lowest interest cost to the University. I concur. On motion of Mr. Johnston, this recommendation was approved. PURCHASES (14) The Director of Purchases has proposed and the Comptroller recommends the following purchases. Unless otherwise specified, the purchase in each case is recommended on the basis of lowest bid. I concur. Item One 32'1 120', 14' high rigid frame steel building to be used as a service building on the South Farm (this transaction does not include erection which will be covered by a separate contract) One lot scientific laboratory equipment 25 analytical balances with magnetic damper, 200 g. capacity on each pan, sensitivity of 0.1 mgm. For the payment of $10 each on 388 trench coats being bought by advanced students in R.O.T.C. Ground Forces Carpeting for Wedgwood Lounge, Illini Union ++.J65 board feet No. 1 Douglas fir lumber, dimension stock, kiln dried, with eased edges and square end trimmed Department Animal Science Vendor Butler Manufacturing Co., Kansas City, Mo. Cost $4 054 64 Galesburg, freight allowed 4 272 34 f.o.b. Urbana 4 125 0 0 f.o.b. delivered 3 880 00 Chemistry Pharmacy, Chicago Colleges Military E, H. Sargent & Co., Chicago Arthur S. LaPine & Co., Chicago Associated Military Stores, Chicago A. D. Sackett, Champaign Long Lumber Co., Champaign IUini Union Physical Plant f.o.b. delivered 4 958 21 f.o.b. freight uua, • University siding 2 920 0 0
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