Repository: UIHistories Project: Student Regulations - Undergraduates - 1930 [PAGE 45]

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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 and regular standing. 4. The Editor and Business Manager shall be appointed in May for one year, beginning July 1 next following the date of their appointment. At the time they assume office they shall have senior 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 either staff after hearing before any regular meeting of the Board. 6. Any qualified commerce student may be eligible to petition the Board of Directors for appointment as Editor or Business Manager who receives the approval and recommendation of the Commerce Club Advisory Board. Such recommendations and petitions shall be in the hands of the Board by April 1. It is provided, however, that the Board shall not be limited to a choice from among these candidates. 7. The Editor shall perform the duties of his office in accordance with the Constitution and ByLaws of the Company. He shall nominate the mem* bers of his staff within two weeks after the date of his appointment. 8. The Business Manager shall conduct the business of The Enterpriser in accordance with the Constitution and By-Laws of the Company. He shall deposit with the Chairman of the Board of Directors before October 1 next following his appointment a bond of $1000 payable to the Comptroller of the Board. He shall conduct the business of The Enterpriser, make all advertising and subscription contracts, pay incidental expense, and have general management of the financial department of the magazine, except that he shall not make any payment of salaries or commissions or sign any printing contract or, make any schedule of advertising rates not previously approved by the Chairman of the Board of Directors. He shall render a full report of the business of The Enterprise to the Board of Directors at the end of each sem< ter of the college year, and at such other times as may be requested. Within two weeks after his appointment the Business Manager shall present to the Hoard of Directors nominations for members of his Staff. 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 magazine, including an itemized statement of all outstanding accounts. es shall be paid in equal Quarterly installmentS a m o u n t i n g per a n n u m as follow $100.00; Business Matiap r, $100.00.

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