Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 79]

EXTRACTED TEXT FROM PAGE:

1990]

UNIVERSITY OF ILLINOIS

67

Bank may be written or stamped endorsements by Johns Hopkins University Press on behalf of this Corporation. 3. That the Comptroller of the University of Illinois is authorized from time to time, upon such terms and conditions as he-may deem advisable, to designate in writing to the Bank those officers, employees, and other agents of the University authorized to sign any and all checks, drafts, and orders, including orders or directions in informal or letter form, against any funds or accounts at any time standing to the credit of the University with the Bank, and that the Bank is authorized to honor any and all individual orders of any such person or persons signing the same, without further inquiry or regard to the authority of said person or persons or the use of the checks, drafts, or orders, or the proceeds thereof. 4. That the Comptroller of the University of Illinois is authorized from time to time to designate in writing to the Bank those officers, employees, and other agents of the University authorized to issue written, telephonic, electronic, or oral instructions with respect to the transfer of funds of the University on deposit with the Bank (or otherwise transferable by the Bank), by wire or otherwise, without any written order for the payment of money being issued with respect to such transfer, and, for and on behalf of the University, to enter into such agreements with the Bank with respect to any such transfer(s) as such officer(s) in (his) (their) sole discretion deem(s) advisable. O n motion of Ms. Reese, t h e foregoing resolutions were adopted. Establishment of Quasi-Endowment (William F. Nichols Estate) (21) William F. Nichols, a resident of East St. Louis, Illinois, died on August 23, 1989, leaving a will naming the Illinois Natural History Survey as a beneficiary.1 A $75,000 partial distribution has been received by the University and a final distribution of $25,000 is expected within one year. Through a 1981 contractual agreement, the University of Illinois administers accounting and finances for Illinois Natural History Survey research projects. T h e chief of the Illinois Natural History Survey has proposed the establishment of a quasi-endowment with all of the funds from the Nichols estate. T h e income would be used to support waterfowl research at the Waterfowl Research Laboratory, Forbes Biological Station, Havana, Illinois. T h e chancellor at Urbana and the vice president for business and finance have recommended the establishment of the quasi-endowment for the purposes described. I concur. O n motion of Ms. Reese, this r e c o m m e n d a t i o n was approved. By consensus, t h e b o a r d a g r e e d that one roll call vote would be taken a n d considered t h e vote on each agenda item nos. 22 t h r o u g h 4 0 inclusive. T h e r e c o m m e n d a t i o n s were individually discussed b u t acted u p o n at o n e time. ( T h e r e c o r d of b o a r d action appears at t h e end of each item.) Renewal of Contract, Housekeeping Management, University of Illinois Hospital and Clinics, Chicago (22) T h e interim chancellor at Chicago recommends the renewal of a contract with ServiceMaster to provide professional services for management, consultation, employee training, supplies, use of equipment, systems and technology for the University of Illinois at Chicago hospital and clinics housekeeping department. T h e level of cleanliness maintained at the hospital has improved significantly

1

Mr. Nichols was an avid waterfowl hunter with a strong interest in research.