Repository: UIHistories Project: Board of Trustees Minutes - 1932 [PAGE 536]

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534

boaiuo o f trustees

[February 10

THE CONDITION of the above obligation is such that W H E R E A S , the above bounded F R A N K M . G O R D O N was on the 6th day of February, A. D. 1932, duly elected to the Office of Treasurer of the University of Illinois, for a period ending on the nth day of March, A. D. 1933, or until his successor shall be appointed and qualified and is about to assume the duties of said Office: N O W , T H E R E F O R E , if the said F R A N K M . G O R D O N shall well and truly perform and faithfully discharge the duties of Treasurer of said University of Illinois, during his term of Office, and shall faithfully keep and truly account for all moneys, bonds, securities, or other property coming into his hands as such Treasurer, during his term of office, and shall pay when properly drawn and presented to him all warrants, authorized by the Board of Trustees of the University of Illinois, drawn against funds in his hands belonging to the said University of Illinois, and at the expiration of his term of office, on due request to him, shall pay over and deliver to his successor in office, or to any other person duly authorized by the Board of Trustees of said University of Illinois to receive the same, all moneys, bonds, securities or any other property received by him as such Treasurer and not otherwise lawfully paid out or disposed of, and shall deliver to his successor in office, or any other person appointed to receive the same, the property, papers, and other things in his hands belonging to said office, and shall at the expiration of his term of office, or oftener, if thereunto requested by the Board of Trustees of the said University of Illinois, render a just and true account of his doings, as such Treasurer, then this obligation shall be null and void; otherwise to remain in full force and effect. It is agreed that the liability of the principal and of the surety hereunder shall in no manner be affected or lessened by reason of the fact that the principal m a y demand and receive security from any depository in which funds or securities, belong to or in the custody of the Board of Trustees of the University of Illinois, m a y be deposited by him, in order to secure such deposit, whether the security thus demanded and received be in the form of collateral securities or of surety bonds, and whether the securities thus demanded and received by the principal be deposited with or in escrow for the Board of Trustees of the University of Illinois, or otherwise; and in case of failure to perform any of the conditions of this obligation, it is agreed that the Board of Trustees of the University of Illinois m a y elect to proceed against the sureties hereunder, or the surety or security furnished by the depository hereinbefore referred to, in any order, according to its discretion, without affecting or altering the legal liability of the principal and of any surety hereunder to respond in damages. W I T N E S S O U R H A N D S A N D S E A L S T H I S 10th day of February, A. D. 1932.

F. M. Gordon THE FIDELITY AND CASUALTY COMPANY OF NEW YORK By: Albert A. Korte

Attorney

STATE OF ILLINOIS ,, COUNTY OF COOK ss

I, Cleo M. Riley, a Notary Public in and for said County in the State aforesaid, do hereby certify that F R A N K M . G O R D O N , w h o is personally known to m c to be the same person whose name is subscribed to the foregoing instrument, appeared before m e this day in person and acknowledged that he signed, sealed, and delivered, the said instrument as his free and voluntary act for the uses and purposes herein set forth. APPROVED: LegalJohnson 1932. Sveinbjokn y Counsel notarial seal this Rileyday of February, A. D. Given under m hand and Cleo M Notary Public . loth