Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 37]

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34

BOARD OF TRUSTEES

[July 25

tecture, the number, frequency, and size of the awards and the manner of selection of the recipients to be determined by the Board of Trustees; provided (1) that the principal shall be used during a period of twenty-five years from the date of the transfer only with the unanimous approval of the Board of Trustees, (2) that recipients may in the discretion of the Board of Trustees be limited to students or graduates of the University but only for so long a time as the University continues to have a large and representative body of students of Architecture and Landscape Architecture, and (3) that if the University of Illinois discontinues its schools of Architecture and Landscape Architecture, any remaining portion of the property will be transferred to another institution having one or both of such schools, to be used for similar purposes. A schedule of the Foundation's assets, represented by securities and cash totaling $84,500, is attached hereto; copies are being given to the Comptroller and the Secretary of the Board for record. I have accepted this offer on behalf of the Board of Trustees and request confirmation of this action.

On motion of Dr. Meyer, the following resolution was adopted:

The Board of Trustees of the University of Illinois has received the offer of Mr. Edward L. Ryerson, distinguished citizen of Chicago, Illinois, on behalf of the Edward L. Ryerson Traveling Fellowship Foundation to transfer to the custody of the Board of Trustees the assets of the Foundation to be used for awards of Edward L. Ryerson Traveling Fellowships in Architecture and Landscape Architecture. The Board confirms the action of the President of the University in accepting this generous offer under the terms and conditions specified by the donor which will be made a matter of permanent record in the transactions of the Board. In taking this action the Board of Trustees also desires to record its appreciation of Mr. Ryerson's splendid gift. It directs that this resolution be spread upon the minutes of this meeting and that a copy of it be sent to Mr. Ryerson as a formal expression of the Board's gratitude.

A R T H U R M. BUSWELL MEMORIAL F U N D

(29) On May 14, 1938 (Minutes, page 812), the Board of Trustees accepted a gift of one share of American Telephone and Telegraph stock from Professor and Mrs. Arthur M. Buswell as a memorial to their late son, Arthur. The book value of this gift is $177.31. The terms of the gift provided that the income was to be used for the purchase of books for the University High School Library unless and until the Board of Trustees deemed it advisable to put such funds to more appropriate use. Such income amounts to less than $10.00 a year, and the Principal of the University High School and the Comptroller recommend that the fund be converted into cash and the entire amount be used to purchase books for the high school, such books to be suitably identified to indicate the purpose of the gift. The donors have been consulted and their approval of the use of the fund for this purpose has been secured. Approval of the Board of Trustees is necessary for such use of these funds, and is, therefore, requested.

On motion of Mr. Fornof, authority was granted as requested.

RESOLUTIONS O F THE ILLINOIS PHARMACEUTICAL ASSOCIATION

(30) The following is a text of resolutions adopted at the Seventieth Annual Convention of the Illinois Pharmaceutical Association in Chicago on May 24, 1950: WHEREAS, the best available statistics for 1949 indicate that the number of active practicing registered pharmacists in the State of Illinois is 6,700, and WHEREAS, the most recent statistics indicate that the number of active assistant registered pharmacists in the State of Illinois is 663, and WHEREAS, the additional number of assistant registered pharmacists is now restricted to a few qualified G.I.'s, and the closing date for such examinations is July 1, 1951, and