Repository: UIHistories Project: Student Regulations - Undergraduates - 1930 [PAGE 41]

EXTRACTED TEXT FROM PAGE:

stock, covers, engraving, printing, and binding of the lllio only with the written approval of the Board. He shall present such financial reports at the Board may demand; shall make a financial .report as soon as possible after the publication of the lllio, and pay to the Company a sum sufficient to pay all salaries; and shall pay into the treasury of the Board all money and accounts, engravings, and other residue of the lllio, on or before July 1 next after the publication of theI//to. Salaries* Etc. <k 9. The salaries of the staff shall be as follows: Editor $250.00 Assistant Editor &». &>+.. 100.00 Manager 250-00. 10. The net profit of the lllio remaining after all expenses have been paid, including a proportionate share of the salary of the General Manager and Editorial Supervisor shall be divided as follows: Up to $2,000, one-half to the staff and one-half to the Company; from $2,000 to $4,000, one-third to the staff and two-thirds to the Company. 97. The Illinois Magazine The Illinois Magazine shall be published weekly by the Illini Publishing Company, in accordance with the following by-laws: By-Laws of the Illinois Magazine 1. The editorial staff shall consist of an Editor, an Associate Editor, and such assistants as may be nominated by the Editor and appointed by the JBoard of Directors. 2. The business staff shall consist of the Business Manager of the Daily Illini and such assistants as may be nominated by the Business Manager and appointed by the Board of Directors. 3. No person shall become a member of the staff who is not a student of the University of Illinois in good standing. 4. The Editor shall be appointed at the regular meeting in May for one year, beginning on June 1 next following the date of his appointment. At the time he assumes office he shall have jenior standing as defined by the Registrar of the University, with an average grade of not less than C. 5. The Board of Directors may remove* for cause any member of cither staff after a h ning before any regular meeting of the Hoard. 6. Any qualified student may become a candidate for the position as Editor by filing his application with the Chairman of the Hoard before the May meeting of the Hoard.

s , a f

U