91

Special Meeting
May 15, 1958

WHEREAS, the audit revealed that benefits accruing to the University totaled $347,618.54, a substantial increase over the previous years; and

WHEREAS, these itemizations from the audit of the Foundation emphasize its increasing importance to the growth and well-being of this institution; therefore,

BE IT RESOLVED that the Board of Regents formally acknowledge the splendid achievements of the University of Nebraska Foundation in years past, and express its heartfelt appreciation to the Trustees, Officers and to its capable Director-Secretary, Mr. Perry W. Branch for diligently carrying forward its program in an exemplary fashion in 1957.

The foregoing was moved by Regent Greenberg, seconed by Regent Elliott, motion put to vote and carried.

Approve new contract with ICA for work in Turkey

It was moved by Regent Greenberg, seconded by Regent Foote, motion put to vote and carried, that the president of the Board of Regents be authorized and directed to execute in behalf of the Board of Regents, a new contract to supersede and extend the existing contract between the Board of Regents of the University of Nebraska and the Government of the United States of America, as represented by the International Cooperation Administration. Under this contract the Board of Regents agrees to use its best efforts to render technical advice to the cooperating country (Turkey) for the purpose of (a) creating a new land-grant type University (Ataturk), (b) training its faculty of Agriculture and supporting fields, and (c) developing and strengthening Ankara University's program in agriculture and veterinary medicine. The contract, to be effective on the date of the last signature thereto, is to continue until December 31, 1960.

Resolution re Purchase of Elgin Property

Following discussion, and after due consideration of the matter, it was moved by Regent Swanson, and seconded by Regent Elliott, motion put to vote and carried, that the following resolution be adopted:

RESOLUTION

WHEREAS, negotions have been conducted over the past several weeks with Elgin National Watch Company, relative to purchase of the Elgin plant and parking lot adjoining on the south, and

WHEREAS, substantially increased enrollments are expected in the University within the next ten years, which will necessitate additional classroom and laboratory facilities, and,

WHEREAS, some present classrooms and laboratory facilities are becoming inadequate by virtue of age and obsolescence, and othere such facilities are overcrowded, and,

WHEREAS, there is a scarcity of suitable land adjoining present University property available for expansion and that the purchase of the Elgin National Watch Company plant would provide needed classroom and laboratory facilities at a cost s ubstantially lower than the cost of constructing a similar building, and purchase of the parking lot south of said plant would provide adjoining land for future expansion,

Offer to Purchase

THEREFORE, BE IT RESOLVED that the Board of Regents of the University of Nebraska submit to Elgin National Watch Company the following offer to Purchase:

OFFER TO PURCHASE REAL ESTATE

To: Elgin National Watch Company, a corporation (hereinafter referred to as "Seller")

- 88 -

Special Meeting
May 15, 1958

WHEREAS, the audit revealed that benefits accruing to the University totaled $347,618.54, a substantial increase over the previous years; and

WHEREAS, these itemizations from the audit of the Foundation emphasize its increasing importance to the growth and well-being of this institution; therefore,

BE IT RESOLVED that the Board of Regents formally acknowledge the splendid achievements of the University of Nebraska Foundation in years past, and express its heartfelt appreciation to the Trustees, Officers and to its capable Director-Secretary, Mr. Perry W. Branch for diligently carrying forward its program in an exemplary fashion in 1957.

The foregoing was moved by Regent Greenberg, seconed by Regent Elliott, motion put to vote and carried.

Approve new contract with ICA for work in Turkey

It was moved by Regent Greenberg, seconded by Regent Foote, motion put to vote and carried, that the president of the Board of Regents be authorized and directed to execute in behalf of the Board of Regents, a new contract to supersede and extend the existing contract between the Board of Regents of the University of Nebraska and the Government of the United States of America, as represented by the International Cooperation Administration. Under this contract the Board of Regents agrees to use its best efforts to render technical advice to the cooperating country (Turkey) for the purpose of (a) creating a new land-grant type University (Ataturk), (b) training its faculty of Agriculture and supporting fields, and (c) developing and strengthening Ankara University's program in agriculture and veterinary medicine. The contract, to be effective on the date of the last signature thereto, is to continue until December 31, 1960.

Resolution re Purchase of Elgin Property

Following discussion, and after due consideration of the matter, it was moved by Regent Swanson, and seconded by Regent Elliott, motion put to vote and carried, that the following resolution be adopted:

RESOLUTION

WHEREAS, negotions have been conducted over the past several weeks with Elgin National Watch Company, relative to purchase of the Elgin plant and parking lot adjoining on the south, and

WHEREAS, substantially increased enrollments are expected in the University within the next ten years, which will necessitate additional classroom and laboratory facilities, and,

WHEREAS, some present classrooms and laboratory facilities are becoming inadequate by virtue of age and obsolescence, and othere such facilities are overcrowded, and,

WHEREAS, there is a scarcity of suitable land adjoining present University property available for expansion and that the purchase of the Elgin National Watch Company plant would provide needed classroom and laboratory facilities at a cost s ubstantially lower than the cost of constructing a similar building, and purchase of the parking lot south of said plant would provide adjoining land for future expansion,

Offer to Purchase

THEREFORE, BE IT RESOLVED that the Board of Regents of the University of Nebraska submit to Elgin National Watch Company the following offer to Purchase:

OFFER TO PURCHASE REAL ESTATE

To: Elgin National Watch Company, a corporation (hereinafter referred to as "Seller")

- 88 -