Repository: UIHistories Project: Board of Trustees Minutes - 1868 [PAGE 53]

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the Board. They shall make a report of their doings at every meeting of the Board, and shall have no powers except such as are herein specified. SEC. 3. Adopted. The finance committee shall have the general supervision of the financial affairs of the University, subject to the rules and control of the Board. They shall make to the Board, at the annual meetings, a report, showing the financial operations of the University for the preceding year; the condition of its treasury, its revenues and its funds, with an estimate of the probable receipts and expenditures for the next year, accompanied with such recommendation as they may deem proper. SEC. 4. Referred back to committee for revision. SEC. 5. Adopted. The committee on rules and by-laws shall prepare and recommend, from time to time, by-laws for the government of the Board in its business, and rules for the management of all the departments of the University. SEC. 6. Referred back to committee for revision. DESIGN FOR SEAL ADOPTED.

Mr. PICKRELL moved to proceed to vote for designs by numbers, on roll call Motion carried and vote taken, resulting as follows :

Design No. No. " No. " No. 1 received 2 " 3 " 4 " seven votes. one " u four ten "

Design number four was declared adopted. Mr. A. M. BROWN presented, and moved the passage of the following resolution, which was adopted, viz :

Resolved, That the Auditing Committee shall have power to make all contracts and purchases that may be necessary for carrying into effect the orders made by the Board at its present session. REGENT TO BE PAID MONTHLY.

Mr. COBB moved that the Regent be authorized to draw on the Treasurer monthly for his salary. Carried.

RESOLUTIONS ON SALARIES OF OFFICERS.

Mr. PICKRELL presented the following preamble and resolutions, which were adopted :

WHEREAS there have been and may still be elected members of the Board of Trustees of the Illinois Industrial University to offices, who shall receive annual or special salaries, Resolved, That the salary of any member of this Board who may be elected to any office shall be referred to a committee, for action, of which said member shall not be a member.