Repository: UIHistories Project: Board of Trustees Minutes - 1974 Version B [PAGE 78]

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70

BOARD OF TRUSTEES

[September 20

for agricultural experimentation for a period longer than two years, the lease would be terminated and control of the land would revert to Blackburn University. While the original indenture was called a "lease," it had all the characteristics of a permanent conveyance. Under State statutes, any reverter clause becomes ineffective after a period of forty years. Therefore, the Board of Trustees has had no power to terminate this lease without legislative authority. Blackburn University now requires the land for expansion and has requested that the Board of Trustees terminate the lease to permit control to revert to Blackburn University. The Seventy-seventh General Assembly enacted House Bill 4371, authorizing the Board of Trustees to convey without monetary consideration and quit claim all right, title, and interest in and to these twenty acres to Blackburn University. On June 20, 1972, the legislation was approved by the Governor. To implement the provisions of the Act, the President recommends that the following resolution be adopted: Resolution WHEREAS by an act of the Seventy-seventh General Assembly of the State of Illinois entitled, "AN ACT to authorize the conveyance of certain real property located in Macoupin County, Illinois, by The Board of Trustees of the University of Illinois to Blackburn University, Carlinville, in Macoupin County, Illinois" (H.B. 4371, approved June 20, 1972), The Board of Trustees of the University of Illinois is authorized to convey and quit claim all right, title, and interest in and to the real property hereinafter described and located in Macoupin County, Illinois, to Blackburn University for educational purposes and uses. Now, Therefore, Be It, and It Hereby Is, Resolved by The Board of Trustees of the University of Illinois, a public corporation of the State of Illinois, that the Comptroller and Secretary of this public corporation be, and they hereby are, authorized and directed to execute, acknowledge, and deliver, in the name and in behalf of, this public corporation, and under its corporate seal, a Quit Claim Deed and such other documents in connection therewith as said Comptroller and Secretary may deem necessary or desirable in order to convey to Blackburn University, an educational institution, located at Carlinville in Macoupin County, Illinois, title to the real property described as follows, viz: Twenty acres of land located in the North One-half (N V£) of the Southeast Quarter (SE 14) of the Southeast Quarter (SE 14) of Section Twenty-one (21), in Township Ten (10) North, Range Seven (7) West of the Third Principal Meridian, situated in the County of Macoupin, and State of Illinois, subject to existing road right-of-way and easements.

On motion of Mr. Swain, the foregoing resolution was adopted.

APPLICATION FOR A N N U A L INTEREST GRANT UNDER TITLE III, SECTION 3 0 6 , OF T H E HIGHER EDUCATION FACILITIES ACT OF 19 6 3

(20) Under the Higher Education Facilities Act of 1963, the United States Commissioner of Education is authorized to_ grant funds to reduce the cost of borrowing for the construction, rehabilitation, and improvement of academic and related facilities. The requirements of the Department of Health, Education and Welfare for the submission of an application for a grant under this Act necessitate the adoption of a formal resolution by the governing board of an institution authorizing the filing of the application and designating an individual to act in behalf of the University concerning the application. The President of the University with the concurrence of appropriate administrative officers recommends that The Board of Trustees of the University of Illinois adopt the resolution submitted herewith which (a) authorizes the filing of an application for an annual interest grant to reduce the cost of borrowing to finance the construction of the Classroom-Office and Student Services Building at the Chicago Circle campus, and (b) designates James E. Osborn, Director of Business Affairs at the Chicago Circle campus, as the officer authorized to file the application in behalf of the University.