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Caption: Board of Trustees Minutes - 1954
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19531 UNIVERSITY OF ILLINOIS 617 of the mineral rights. The Calvert Drilling Company, Inc., Olney, wishes to secure an oil and gas lease on this land. Raymond Hahn, the present owner, is agreeable to such a lease. The area to be leased is approximately seventy-seven acres. A standard form of lease for a period of two years has been proposed with the provision that if drilling operations are not commenced on or offsetting (i.e., a well drilled directly opposite and within 330 feet of any line) said land within a year, and completed with due diligence with a depth sufficient to test the "McCloskey" formation, the lease shall be terminated. The University would receive onesixteenth (or one-half of the usual one-eighth provision) of any oil or gas produced, plus a rental of $1.00 an acre in the event the Company wishes to continue the lease in the second year in the absence of successful drilling. T h e Board of Trustees previously authorized the lease of this land, when it was owned by the University, to the Sun Oil Company but this lease has now expired. T h e proposal submitted by the Calvert Drilling Company, Inc., has been checked by the Comptroller and the Legal Counsel who recommend its acceptance. I concur and recommend that the Comptroller and the Secretary of the Board be authorized to execute this lease. On motion of Mr. Herrick, this was referred to the Executive Committee for further negotiation and with power to act. PURCHASES (26) The Director of Purchases has proposed and the Comptroller recommends the following purchases. Unless otherwise specified, the purchase in each case is recommended on the basis of lowest bid. I concur. Item One 40' x 40' extension to be added to present 40' x 80' Quonset building at the Airport One 1000 cubic foot steel pressure vessel 7' x 25' One Saltzman P-T4I4A vertical reflecting projector One restitutional easel One Saltzman P-14.14A vertical reflecting projector One metal table with jacks One 7H" focal lens One strip chart speedomax indicating and recording assembly including a 21-point recording potentiometer, a 60-point switch unit, and racktruck mounting One five-channel continuous direct writing electrocardiographic recorder 1,500,000 4 ^ x Q}4 20 lb. white envelopes printed Department Vendor Institute of Aviation Harshbarger Building and Supply Co., Urbana Aeronautical Engineering Agronomy Civil Engineering Leader Iron Works, Inc., Decatur J. G. Saltzman, Inc., New York, N.Y. J. G. Saltzman, Inc., New York, N.Y. Leeds and Northrup Co., Chicago Cost $1 926 02 delivered and installed f.o.b. delivered 3 061 00 3 282 75 f.o.b. factory 2 9 2 4 5o f.o.b. factory f.o.b. delivered 2 929 00 Mechanical Engineering Chicago Professional Colleges Extension Service in Agriculture and Home Economics The Sanborn Co., Chicago Orgler Envelope Co., Inc., Brooklyn, N.Y. Gilbert A. Force, Chicago Universal Equipment Co., BatesvilJe, Ind. E. A. Hinrichs and Co., Chicago Decatur Paper House, Decatur Westinghouse Electric Supply Corp., DanviHe 3 694 50 3 105 0 0 f.o.b. Brooklyn, N.Y. 412 straight chairs, 412 study desks, Chicago Professional 412 chests of drawers, 4.05 mirrors, Colleges, Student and 412 single beds for student Residence Hall rooms in residence hall Research and Educa1,011 dozen pieces chinaware for Retional Hospitals search and Educational Hospitals Addition dining rooms 300 reams 25 x 38 70 ib. white enamel Office Supply book paper to be used by the UniStoreroom versity Print Shop Two electrical distribution switchPhysical Plant boards for Davenport Hall remod- • eling 64 272 00 4 183 6 S 7 057 25 delivered 3 664 so f.o.b. delivered 7 128 00 f.o.b. delivered
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