Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 525]

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622

BOARD OF TRUSTEES

[March 13

The resolution has been prepared by the law firm of Chapman and Cutler, Chicago, who were retained by the University for such purpose. Bids have also been received as follows for the printing of the bonds: Columbian Bank Note Company, Chicago $1 246 00 Northern Bank Note Company, Chicago 1 426 75 American Bank Note Company, Chicago 1 600 00 The Comptroller recommends and I concur that the resolution be adopted and that the Columbian Bank Note Company, the lowest bidder on the printing of the bonds, be awarded the work at a price of #1,246.

On motion of Mrs. Watkins, the printing of the bonds by the Columbian Bank Note Company was authorized, as recommended, by the following vote: Aye, Mr. Fornof, Mr. Grange, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Johnston, Mr. Livingston, Mr. Megran, Mr. Nickell, Mrs. Watkins; no, none; absent, Mr. Stevenson.

Resolution Authorizing the issuance of revenue bonds in the principal amount of #4,600,000 of the University of Illinois for the purpose of providing funds necessary to construct, complete, and equip certain revenue producing buildings for said University in the City of Chicago, Illinois, fixing the date, maturities, form, and other details of said bonds, and making convenants and provisions for the payment of said bonds and the interest thereon. WHEREAS the Board of Trustees of the University of Illinois upon due consideration and investigation does now find and determine that it is advisable, necessary and in the interests of the University of Illinois that certain revenue producing facilities be provided for the professional colleges of said University located in the City of Chicago, Illinois, as follows: 1. That a student residence hall be constructed on the following described tract, to wit: Lots One (1) to Ten (10), inclusive, Fifty-nine (59), Sixty (60), Ninety-five (95) and Ninety-six (96), and the 16 foot alley running East and West and lying South of and adjoining said Lots 1 to 10, inclusive (hereafter to be vacated), and that part of the 16 foot alley running North and South and lying East of and adjoining said Lots 59 and 60 and West of and adjoining said Lots 95 and 96 as may hereafter be vacated, all in 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 Codwise's Subdivision of the West Half (WJ4) of the Southeast Quarter (SE%) 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. 2. That a Staff apartment be constructed for the purpose of housing staff members of the Colleges of Dentistry, Medicine and Pharmacy of said University on the following described tract: Lots One (1) to Eleven ( n ) , inclusive, and Lots Thirteen (13) to Twenty-four (24), inclusive, in Sturges et al Resubdivision of Block Nine (9) in Assessor's Division of the East Half (E 1 ^) of the Southeast Quarter (SEJ4) of Section Eighteen (18), Township Thirty-nine (39) North, Range Fourteen (14) East of the Third Principal Meridian. 3. That additional equipment be acquired for the Dental, Medical and Pharmacy Building, Unit Number Two, located on the following described tract, to wit: That part of Lot Three (3) in Codwise's Subdivision of the West Half (WJ4) of the Southeast Quarter (SEJ4) of Section 18, Township 39 North, Range 14 East of the Third Principal Meridian (except 1 chain and 37 links along the West side) described as follows: Beginning at the Southwest corner of South Wood Street and West Polk Street and running thence West along the South line of said West Polk Street a