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Caption: Board of Trustees Minutes - 1974 Version B
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564 BOARD O F TRUSTEES [May 15 The Chancellors at the three campuses concur in this recommendation. I recommend approval. On motion of Mr. Harm, this recommendation was approved. A M E N D M E N T S O F T H E BY-LAWS O F T H E ATHLETIC ASSOCIATION (18) At its April 12, 1974, meeting on the Urbana campus, the Board of Directors of the Athletic Association voted to "assume the responsibility for administering the Women's Intercollegiate Athletic Program if appropriate arrangements can be made with the University administration for funding on a recurring basis to insure a quality program." The Board further voted "that contingent upon the implementation of the Women's Intercollegiate Athletic Program under the administration of the Athletic Association, the By-Laws of the Association be amended to increase the members of the Board of Directors from nine (9) to eleven (11); six (6) from members of the Faculty of the University of Illinois (Urbana-Champaign) and five (5) from members of the Alumni Association." I recommend approval of this amendment in accordance with Article VIII of the By-Laws of the Athletic Association which states that "any such amendment shall, after adoption by the Board, be submitted to the Trustees for its consideration before the same shall take effect." Proposed Amendment to By-Laws of the Athletic Association of the University of Illinois 1 Article V, Section 1. The Board shall consist of [nine] eleven members to be elected annually by the Trustees at their March meeting, upon recommendation of the President of the University of Illinois, [five] six from members of the faculty of the University of Illinois and [four] five from members of the Alumni Association of the University of Illinois. O n motion of M r . Swain, this recommendation and the proposed revision of Article V, Section 1, of the By-Laws of the Athletic Association were approved. A U T H O R I Z A T I O N OF PREFERENTIAL TREATMENT IN RESEARCH AGREEMENT W I T H G. D. SEARLE AND COMPANY (19) G. D. Searle and Company of Skokie, Illinois, has offered to provide a sum in excess of $400,000 (exact amount under negotiation) for research at the Chicago Circle and Medical Center campuses concerned with the clinical testing of a system for closed-loop, computer-controlled arrhythmia treatment. In addition, computer and other equipment valued in excess of $125,000 will be loaned to the University by G. D. Searle and Company for purposes of this research. Procedures will be tested which promise safer, more accurate, and more effective treatment of patients in coronary intensive care at the University of Illinois Hospital. These procedures are based on the employment of a computer to regulate precisely the delivery of prescribed drugs used in treating cardiac patients. The research represents a significant opportunity for bringing medical and technological expertise together in solving an important clinical problem and is an outgrowth of intensive cooperation, over the past year, between faculty members in the College of Engineering, UICC, and the College of Medicine, UIMC. University policy provides that patentable discoveries and related rights arising out of such a project will remain the property of the University but that the University may accord the sponsor preferential treatment in the use of any resulting patent. G. D. Searle and Company has requested that preferential treatment be defined as follows: "UNIVERSITY hereby grants to SEARLE a non-exclusive, royalty free license to make, use and sell patentable and non-patentable inventions which are generated from the SEARLE funded Clinical Studies and which are proprietary to and would vest in UNIVERSITY. "UNIVERSITY hereby grants to SEARLE a right of first refusal to acquire an exclusive, worldwide, royalty bearing license of patent rights 1 Additions are italicized; deleted material appears in brackets.
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