| |
| |
Caption: Board of Trustees Minutes - 1988
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1987] UNIVERSITY OF ILLINOIS 371 purported facsimile signature or signatures thereon may have been affixed thereto, if such signature or signatures resemble the facsimile specimens of such signature's) certified to or filed with the Bank by or on behalf of the University. Be It Further Resolved, that the President and the Secretary of the Board of Trustees, jointly, are 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; Be It Further Resolved, that each of the foregoing resolutions shall also be understood to apply in full to any account, transaction, or property at or with any facility or facilities or branch or branches of the Bank; Be It Further Resolved, that each of the foregoing resolutions shall continue in force until express written notice of its rescission or modification has been received by the Bank. O n m o t i o n of M r s . G r a v e n h o r s t , t h e f o r e g o i n g r e s o l u t i o n w a s a d o p t e d . Establishment of Bank Accounts, Student Loan Billing Services (15) T h e University has contracted with the AFSA D a t a Corporation of Lombard, Illinois, to perform student loan billing, remittance processing, and loan accounting functions. One of the provisions of the agreement is that a deposit account be established with the American National Bank and Trust Company of Chicago, with collected funds to be wire-transferred to the First National Bank of Chicago on a weekly basis. In order to facilitate the deposit of payment transactions for student loans, it is proposed that the comptroller be authorized to establish accounts for both the Chicago and Urbana campuses with the American National Bank and Trust Company of Chicago in t h e name of the Board of Trustees of the University of Illinois. It is also recommended that the board adopt the following resolutions authorizing the opening of these two accounts. The vice president for business and finance concurs in these requests. I recommend approval. Resolution Be It Resolved, that the American National Bank and Trust Company, Chicago, Illinois, be, and it is hereby, designated a depository of the University of Illinois in connection with an agreement to provide Chicago campus student loan payment depository services to the University of Illinois, and that funds so deposited may be withdrawn upon a check, draft, note, or order of the University of Illinois. Name Wayne W. Wolf Katharine J. Krai Richard Rebot Judith N. Flink Dennis H. Owen Steven P. Zawadzki Title Director of Accounting Director for Financial Operations Accountant I V Director of Student Financial Services Director of Payroll Services Assistant Director, Budgets and Contracts and countersigned by any one of the following:
| |
