Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 382]

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372

BOARD O F TRUSTEES

[September 10

whose signatures shall be duly certified to said Bank, and that no checks, drafts, notes, or orders drawn against said Bank, shall be valid unless so signed. Be It Further Resolved, that said Bank is hereby authorized and directed to honor and pay any checks, drafts, notes, or orders so drawn, whether such checks, drafts, notes, or orders be payable to the order of any such person signing and/or countersigning said checks, drafts, notes, or orders, or any of such persons in their individual capacities or not, and whether such checks, drafts, notes, or orders are deposited to the individual credit of the person so signing and/or countersigning said checks, drafts, notes, or orders, or to the individual credit of any of the other officers or not. This resolution shall continue in force and said Bank may consider the facts concerning the holders of said offices, respectively, and their signatures to be and continue as set forth in the certificate of the Secretary or Associate Secretary accompanying a copy of this resolution when delivered to said Bank or in any similar subsequent certificate, until written notice to the contrary is duly served on said Bank. 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 Urbana campus student loan payment depository services to the University of Illinois, and that funds so deposited may be withdrawn upon a check, draft, note, or order of the University of Illinois.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 Roger D . Pohlmann Joel E. Hercik Title Assistant Director of Business Affairs Director for Business and Financial Operations

and countersigned by any one of the following: Jan A. Gill Assistant Director of Accounting Clarence H. Alley Accountant III whose signatures shall be duly certified to said Bank, and that no checks, drafts, notes, or orders drawn against said Bank, shall be valid unless so signed. Be It Further Resolved, that said Bank is hereby authorized and directed to honor and pay any checks, drafts, notes, or orders so drawn, whether such checks, drafts, notes, or orders be payable to the order of any such person signing and/or countersigning said checks, drafts, notes, or orders, or any of such persons in their individual capacities or not, and whether such checks, drafts, notes, or orders are deposited to the individual credit of the person so signing and/or countersigning said checks, drafts, notes, or orders, or to the individual credit of any of the other officers or not. This resolution shall continue in force and said Bank may consider the facts concerning the holders of said offices, respectively, and their signatures to be and continue as set forth in the certificate of the Secretary or Associate Secretary accompanying a copy of this resolution when delivered to said Bank or in any similar subsequent certificate, until written notice to the contrary is duly served on said Bank.

O n motion of Mrs. Gravenhorst, the foregoing resolutions were adopted. Establishment of Quasi-Endowment (Edwin and Katherine Ehler Estate)

(16) Katherine R. Ehler,1 a resident of Champaign, Illinois, died on August 20, 1985, leaving a will naming the University of Illinois College of Agriculture as

1 Mri. Ehler graduated from the University in 1935 and was a liie member of the Alumni Anociation.