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Caption: Board of Trustees Minutes - 1954
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554 BOARD OF TRUSTEES [February 23 University under the bond if he is given an assurance that the University will accept that sum upon such basis. Because of the unauthorized $2,000 payment, this settlement, if made, will be upon the condition, however, that if it costs the University less than $15,337.04 to complete the work, the University will refund to the bonding company the difference between that sum and the actual cost of completion. Since estimates which the University has received for the completion of the work considerably exceed that sum, it appears very unlikely that accepting this condition would result in the making of any refund to the surety company. T h e Comptroller and Legal Counsel recommend that the acceptance of said sum from the surety company in full settlement and satisfaction of the latter's liability to the University under the bond upon the foregoing condition be authorized, and that the Comptroller and Secretary be authorized to execute a release of the surety company, in a form approved by the Legal Counsel, upon the payment of said sum by the surety company to the University. On motion of Mr. Hickman, the settlement with the American Casualty Company upon the recommended basis was authorized, and the Comptroller and Secretary were granted the authority requested. RESOLUTION ON DR. A. C. IVY Mr. Nickell presented three versions of a resolution on the services of Dr. Andrew C. Ivy, these being revisions of a resolution he had offered at the Board meeting on December 22, 1952 (Minutes, pages 493 and 499), and on which action was deferred. Copies of the resolution were distributed and one set was given to the Secretary of the Board for record. On motion of Mr. Johnston, the resolution was tabled by the following vote: Aye, Mr. Herrick, Mr. Hickman, Mr. Johnston; no, Mr. Livingston, Mr. Nickell; not voting, Mrs. Watkins. President Livingston expressed the hope that at a later date a suitable resolution on Dr. Ivy would be adopted. Mr. Hickman endorsed this suggestion, stating that he had no doubt an appropriate resolution would be favorably considered at the proper time. EXECUTIVE SESSION At this point the Board convened in executive session to consider the following reports and recommendations from the President of the University. PATENTABLE DISCOVERIES (19) The University Patent Committee submits the following recommendations relating to potentially patentable discoveries, and I concur: John Bardeen, Professor, and H a r r y Letaw, Jr., Research Associate, both in Electrical Engineering, have perfected an electrolytic transistor and Professor Bardeen has discovered a constant current source method for utilizing the transistor. In the judgment of the Dean of the College of Engineering and the Head of the Department of Electrical Engineering, both the invention and the discovery are basic in the very important field of electronics and have excellent commercial possibilities. The University Patent Committee recommends that the University's interest be released to the University of Illinois Foundation with the request that the Foundation immediately apply for patents. On motion of Mr. Herrick, this recommendation was approved. H. M. Von Foerster, Professor of Electrical Engineering, has developed a lossless R F peak power meter as a result of research work under contract with the United States Navy. In the opinion of the Patent Committee the commercial possibilities of this discovery would not justify the expenditure of funds to acquire a patent. T h e Committee therefore recommends the release of this invention to the Navy. On motion of Mr. Johnston, this recommendation was approved.
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