Caption: Board of Trustees Minutes - 1944
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832 BOARD OF TRUSTEES [January 26 3. T h e fund is to be deposited in the treasury of the University and to be kept on deposit in a special fund under the title of the Edward C. Heidrich, Jr. Loan Fund. 4. T h e loans shall be made by the Dean of Students (Dean of M e n ) who shall be the sole judge of the merits in each case and of the emergency alleged to justify or necessitate the application for a loan. T h e time of payment shall be at the discretion of the Dean of Students (Dean of M e n ) . Vouchers in payment of such loans shall be approved by the Dean of Students (Dean of Men) and checks against the fund in paragraph 3 shall be issued by the University in payment thereof to the borrower; an advance from the fund shall be made to (he Dean of Students (Dean of M e n ) from which he may make emergency cash advances to students and for which he shall be reimbursed upon presentation of vouchers showing the names of persons receiving such advances. 5. T h e University shall take promissory notes from the borrowers at current rates of interest, which notes shall be collected by the University in the same manner as loans made from other loan funds of the University and the proceeds deposited in the special fund described in paragraph 3 hereof. 6. T h e Dean of Men in making loans from this fund will be expected to use his best and honest judgment and discretion, whereupon he shall not be held responsible personally for any losses which may occur through non-payment of loans made by him in good faith. As an additional condition, Mr. Heidrich states that he does not object to an investment of a part of the fund in liquid securities if officials of the University can approximately foresee the demands upon the fund from year to year, but the funds should not be invested in such a way as to interfere with the execution of the essential purpose of this gift, which is to assist students of the class described in emergencies as they arise. On motion of Mr. Jensen, the acceptance of this gift was approved. T h e meeting adjourned. LLOYD MOEEY PARK LIVINGSTON, Chairman Clerk, Pro Tempore CHESTEE R. DAVIS F E A N K A. JENSEN MATTERS PRESENTED BY PRESIDENT WILLARD The Board considered the following matters presented by the President of the University. AUTHORITY TO CONFER DEGREES (1) I request authority to confer degrees as of February, 1944, on those candidates who will complete the requirements for graduation at the end of the current semester and who will be recommended for their respective degrees by faculties of the several colleges and schools and the University Senate. The Commencement exercises for those students will be held in the University Auditorium at 3:00 o'clock Sunday afternoon, February 6, 1944. The diplomas will not be awarded on that date as the semester ends on February 5 and it will not be possible to have the diplomas ready in time for the exercises. On the other hand, to defer the exercises until a later date would make it impossible for many students whose induction into the Army is imminent to participate. Approximately 385 will receive degrees as of February, 1944. T h e Commencement address will be given by Dr. Robert B. Browne, Director of University Extension, Director of the Summer Semester, and Associate Professor of Education. On motion of Mrs. Grigsby, these degrees were authorized. AWARD OF CERTIFICATES O F CERTIFIED PUBLIC ACCOUNTANT (2) T h e Committee on Accountancy recommends that the certificate of Certified Public Accountant be awarded the following who have made application therefor under the waiver provisions of the Accountancy Act of 1043, and have presented evidence to the Committee showing that they are properly qualified: 1. Holders of unrevoked C.P.A. certificates of other states or territories of
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