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Caption: Board of Trustees Minutes - 1954
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1348 BOARD OF TRUSTEES [May 15 Upjohn Company, the concern which financially supported the cooperative research under which Filipin was discovered, whereby that Company will make available the facilities and resources necessary to develop Filipin to a useful drug. b. Any patents issued on this development will be held by the University of Illinois Foundation, for the benefit of the University and the public, and an exclusive or nonexclusive license for the use of the drug may be granted to the Upjohn Company. c. T h e agreement thus negotiated shall provide that, if the drug is developed to the point whereby its sale produces income, a portion of such income, as is agreed upon in advance, shall be returned to the Foundation as a royalty. d. Net royalty income received by the Foundation, after reimbursement to the Foundation for all expenses incurred in securing and administering the patent, shall be divided between the Foundation and the inventors in proportions that are approved by the Board of Trustees, upon recommendation of the University Patent Committee and the President. e. If the Foundation is unable to complete an agreement with the Upjohn Company, as provided above, it is authorized to negotiate with any other organization qualified to develop this antibiotic. Under such circumstances, the interests of the Upjohn Company will be recognized. 2. At a meeting of the Board of Trustees on February 18, 1954, the University Patent Committee recommended to the Board that the rights to a discovery of a new type of antenna which has the possibility of being useful as a television receiving antenna developed by Douglas E. Royal, Research Associate in Electrical Engineering, be released to the inventor. The Board deferred action on this invention and requested that the University Patent Committee give it further consideration. Accordingly, the Committee asked the Department of Electrical Engineering to restudy this discovery and the Committee now recommends that the invention be referred to the University of Illinois Foundation with the request that patent attorneys and representatives of industry study the invention to ascertain its commercial possibilities. I concur in these recommendations. On motion of Mr. Livingston, these recommendations were approved. APPROPRIATION FOR UNIVERSITY OF ILLINOIS CITIZENS COMMITTEE (2) The Secretary of the Board requests a supplementary appropriation of $1,500 for the expenses of the University of Illinois Citizens Committee for the balance of the fiscal year 1953-1954, and that any unexpended balance in this appropriation as of June 30, 1954, be carried forward and added to the budgetary appropriation for the Citizens Committee for 1954-1955. On motion of Mrs. Watkins, seconded by Mr. Livingston, this appropriation was made from the General Reserve Fund by the following vote: Aye, Mr. Livingston, Mr. Megran, Mrs. Watkins; no, none; absent, none. GRADUATE S C H O O L O F BUSINESS ADMINISTRATION President Morey reported on the present status of the Graduate School of Business Administration, authorized by the Board in 1952, and its curriculum. The Executive Committee adjourned. A. J. JANATA Clerk M R . H. B. MEGRAN, Chairman MR. PARK LIVINGSTON MRS. FRANCES B. WATKINS
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