Repository: UIHistories Project: Book - History of Illinois Land Grant Endowment [PAGE 31]

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Land Grant Endowment Fund

31

On motion of Superintendent Blair, the payment was accepted and the President and Secretary of the Hoard of Trustees were authorized to execute a deed to this property. (Dvc. 8, 1914; XXVIII, 165)

FINAL SKTTLKMKNT OK LAST LAND CONTRACT

A statement that the Comptroller is in receipt of a draft in the amount of $481.30, being full payment of balance due on principal and interest on the land contract between the Hoard of Trustees and Henry A. Lia of Hrooten, Minnesota. January 13, 1915. President Edmund J. James, University of Illinois. DEAR SIR: I am in receipt of a draft in the amount of $481.50, being full payment of balance due on principal and interest on the land contract between the Hoard of Trustees and Henry A. Lia, of Hrooten, Minnesota. I recommend that the Hoard of Trustees authorize the President and the Secretary of the Hoard to execute a warranty deed conveying to Henry A. Lia the northwest quarter of the southeast quarter of section No. 4 in Township No. 123, north range No. 36 west, of the fifth meridian, being forty acres situated in the County of Pope, and State of Minnesota. From the payment made by Mr. Lia, the sum of $31.50 will be credited to the general fund of the University as interest received from land contracts; and the sum of $450.00 will be transmitted to the State Auditor of Public Accounts as an addition to the Endowment Fund of the University of Illinois. This transaction will close the last of the land contracts, and furnishes the last receipt to be credited to the Endowment Fund of the University of Illinois under existing conditions. Very truly yours,

GEORGE E. FRAZER.

On motion of Mr. Hoit the action of the Comptroller in assigning the funds received from this contract was approved and the President and Secretary of the Board were authorized to execute a warranty deed conveying the property described above to Mr. Henry A. Lia. (Jan. 30. 1915; XXVIII, 193)

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