The University of Illiniois and the College of Physicians and Surgeons of Chicago.

  • University of Illinois (Urbana-Champaign campus)
Date:
1906
Catalogue details

Licence: Public Domain Mark

Credit: The University of Illiniois and the College of Physicians and Surgeons of Chicago. Source: Wellcome Collection.

Provider: This material has been provided by the This material has been provided by the University of Illinois at Chicago, through the Medical Heritage Library. The original may be consulted at the University of Illinois at Chicago.

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    12. It is further agreed by and between tjae. parties hereto, that the College of Physicians and Surgeons,- after being authorized to do so by the Boaici,. q>£ Trustees of the University of Illinois, may purchase additional lands and con- struct or purchase additional buildings, acquire additional equipment, or ni4ke other permanent improvements for the purposes of the College of Medicin,e.at <a cost stated in the a,ct, resolution, or permit of the Board of Trustees 'ofVt^e University when the said improvements or'purchases are Authorized; PrQ- vidcd, that the cost of said several purchases, improvements, arid equipments ^hall be agreed upon and stated in the act, resolution, or permit of the Board' of Trustees authorizing the said several purchases, improvements, and equipments: and, Provided further, that the improvements shall be made under the super- vision of the Board of Trustees of the University of Illinois, and the actual codt thereof shall be audited by the Board of Trustees of the University of Illinois, and entered upon its records. :' And it 'is further agreed, That the purchase price of two hundred and seventeen thousand (§217,000) dollars stated herein shall be increased by such amount or amounts actually expended by the College of Physicians and Surgeons in said purchases, improvements, and equipments, and audited and approved by said Board of Trustees of the University of Illinois. And provided further, That no increase shall be made in the said purchase price' of two hundred and seventeen thousand ($217,000) dollars for any expenditure or expenditures not authorized by the Board of Trustees of the University of Illinois'as herein stipulated. And it is further agreed by and between the parties hereto, that in case the College of Physicians and Surgeons shall make purchases ot improvements as provided for herein that the amount of annual rental stated in this agreement shall be increased by an amount equal to four (4) .per cent of the amount or amounts of the actual cost of the said purchases, improve- ments and equipments! 13. It is further agreed by and between the parties hereto, that the Univer- sity of Illinois, with the approval of the Board of Directors of the College of Physicians and Surgeons, may purchase lands and construct or purchase buildings or equipments for the purposes of the College of Medicine, paying for the same out of funds other than the earnings of the College of Medicine, and in such case it is agreed that the College of Physicians and Surgeons will deduct from the annual rental due it from the University of Illinois a sum equal to four (4) per cent of the costs of such lands, buildings and equipments. 14. It is herebv further agreed by and between the parties hereto that a working fund of eight thousand (88,000.00) dollars shall be established by the College of Physicians and Surgeons on or before the first day of May, 1900, which shall be the property of the University of Illinois, under the provisions of this instrument for current expenses only of the College .of Medicine, and'that said fund of eight thousand ($8,000.00) dollars shall be replenished so as'to bring it to that amount, out of the gross earnings of the College of Medicine upon the first day of May of each year during the life of this lease. / 15. And the said party of the second part further agrees with the said party / cf the first part that said second party will, during the term of this lease, conduct / and carry on upon the premises hereinbefore described a College of Medicine and / Surgery, and no other school or business whatever, and that it will continue / during the said term to use the name College of Physicians and Surgeons in connection with the term College of Medicine of the University of Illinois,'* as the name'and designation of said College. 16. And it is further agreed by and between the parties hereto as one of the conditions and considerations of this lease that the University of Illinois.sha]l not establish or become identified with any other College or School of Medicine, or Medical Business or Department of any kind other than the College of Medi- cine herein referred to during the life of this lease. But this shall not be inter-
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