Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 954]

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1957]

U N I V E R S I T Y OF I L L I N O I S

951

fund shall supplement any funds distributed to said University under the provisions of the Last Will and Testament of my deceased husband, Frank S. Long." Mr. Long died in 1939. Under the provisions of his will the entire residue of his estate after payment of certain bequests and costs of administration, was left in trust to the Northern Trust Company as Trustee with directions to pay the net income of the estate to his wife, and such portions of the principal as she might need, during the remainder of her life; and if at her death she would be survived by his brother Albert M. Long and sister Virginia Long Taylor, or either of them, the net income of her estate should be payable to them or to the survivor during the remainder of their lives. His will further provided that upon the death of the survivor of his brother or sister the Trustee should distribute the trust estate then remaining, if any, to the University of Illinois "as an endowment, the net income from which shall be used and applied by it for the education of students of architecture in said University, and also, if it has the power so to do, said University may use said net income for sending worthy students abroad to study architecture." Mrs. Long's will is now being probated in Cook County. All specific bequests and all costs of administration and taxes have been paid, and the Executor is ready to make final disposition of the estate under the terms of her will. It is not known how much, if any, of the estate of Frank S. Long will eventually come to the University. Moreover, certain questions of interpretation and construction of his will arose when M r s . Long saw fit to renounce provisions made for her in the will and to take instead the portion of his estate which she would receive under the law applicable to such a situation. The Executor of Mrs. Long's estate is prepared to deliver the sum of $30,514.23, constituting disposition to the University of its share of her estate. The Legal Counsel has been authorized to take the necessary steps to effectuate the transfer and I am reporting this for record. Since Mrs. Long's bequest to the University is to supplement funds which may be received under the provisions of her husband's will, the funds received from her estate will be set up as an endowment, the net income from which will be used for the benefit of students in architecture; and if any funds are received from the estate of Frank S. Long they will be added to the endowment.

On motion of M r . Bissell, ( 1 ) the action of the President was confirmed; and ( 2 ) the Board directed that all monies received from these bequests be set up as an endowment fund for the present and until the Board directs otherwise, the income to be used for the benefit of students in architecture.

PURCHASES Purchases Authorized (23) The following purchases were authorized by the President's Office on the recommendation of the Director of Purchases and the Vice-President and Comptroller. Item Vendor Cost Department

Two ST-2004 precision serving tables with hot food storage receptacles Eight RS-100 electrically heated rediserv units Eight RC-100 redi-carts stainless steel One continental breakfast cart 17 model n o AerVoid standard portable hot food carriers 27 Model 104 standard pan assemblies 108 extra lids for assemblies 22 M004 AerVoid carriers and dispensers n* AerVoid liquid fillers •i lbs. AerVoid live oxygen cleanser Lease of a C46 aircraft for use by the Control Systems Laboratory in a night-testing program One ultra centrifuge, preparative type, with refrigeration and vacuum systems, high-speed drive unit, controls, 220-yolts 50-cycle; with one rotor I x 3 A in. and accessories Illini Union Twin City Equipment Co., Champaign $3 086 40 f.o.b. Miami, Fla. 6 558 88 f.o.b. Chicago

Housing Division

Restaurant Equipment Supply Co., Champaign

Control Systems Laboratory International Cooperation Administration Contracts

East Coast Aviation Corp., Lexington, Mass. Beckman Instruments. International Division, Fullerton, Calif.

56 500 00 (estimated maximum cost) 5 535 40 f.a.s. San Francisco, Calif.

On motion of M r . Johnston, these purchases were approved.