Repository: UIHistories Project: Student Regulations - Undergraduates - 1930 [PAGE 44]

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beginning July 1 next after the appointment At the time they assume office they shall have senior standing as defined by the Registrar of the Univer* sity with an average grade of not less than C 3. The Board of Directors may remove for cause any member of the staff after a hearing before any regular meeting of the Board. 4. The Editor shall perform the duties of his office in accordance with the Constitution and By-Laws of the Company. 5. The Business Manager shall conduct the business of the Siren in accordance with the Constitution and By-Laws of the Company. He shall deposit with the Business Manager of the Company before October 1 next after his appointment a bond for $1000. He shall conduct the business of the Siren, make all advertising and subscription contracts, and have general management of the financial department of the magazine, except that be shall make no payment of salaries or commissions, or sign any printing contract or make any schedule of ad* vertising rates not previously approved by the Board of Directors. He shall render a full report of the business of the Siren to the Board of Directors two times' a year, at the end of each semester of the collegiate year, and at such other times aa may be requested. He shall close his accounts and deliver to the Business Manager of the Publishing Company before July 1, all books and other properties belonging to the Siren, including an itemized statement of all outstanding accounts. 6. The Editor and Business Manager shall each receive a salary of $100, payable one-fourth at the beginning of each half semester. 7 7. Any ' sum remaining to the credit of the Siren after all bills for the year shall have been paid or deducted, and not later than July 1, shall be assigned to the Company to be apportioned and appropriated by the Board in the following manner: two-thirds to the staff; one-third to the general fund of the Company, provided that all profits over $1000 in any year shall belong to the Company. 100. The Enterpriser i The Enterpriser shall be published by the Illini Publishing Company, in accordance with the follow* ing by-laws: a By-Laws y 1. The editorial staff shall consist of an Editor and such associates and assistants as may be nominated by the Editor and appointed by the Hoard of Directors, oa 2. The business staff shall consist of a Business Manager and such assistants a may be nominated

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