Caption: Board of Trustees Minutes - 1868
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79 SEC. 2. The Executive Committee shall, for the purposes for which they were appointed, possess all the powers of the Board : Provided, That they shall not revise or change the acts of the Board, nor act upon any matters referred to any committee of the Board, that may be entrusted with any special business; shall not purchase or sell real estate, nor the land scrip nor bonds belonging to the University, without the consent, in writing, of a majority of all the members of the Board, and shall be strictly confined to such business as cannot be left till the annual meetings of the Board. SEC. 3. The Committee shall hold their office till the annual meeting next after their appointment; and they shall submit the minutes of their proceedings, or make a report, through their Chairman, to every meeting of the Board, of all their transactions since the last meeting of the Board. SEC. 4, Special meetings of the Executive Committee may be called in the same manner as special meetings of the Board. XIV. AUDITING COMMITTEE. The Auditing Committee shall examine and report upon all accounts of the Regent and the Treasurer, and audit all accounts referred to them by the Board or Executive Committee. XV. THE FINANCE COMMITTEE. 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 statement of the condition of the finances of the University, and an estimate of the income from all sources, and of its necessary and probable outlay for the succeeding year. And they shall report at all other meetings of the Board and of the Executive Committee, when required, and shall recommend such measures for the management of the revenues as they may think best. XVI. COMMITTEE ON FACULTY AND COURSES OF STUDY. The Committee on Faculty and Courses of Study shall recommend, from time to time, suitable persons for positions in the Faculty, in its various departments, and all necessary changes or modifications in the course of study. XVII. DUTIES OF COMMITTEES ON DEPARTMENTS. The Committees on Agricultural, Horticultural, Mechanical and Milit Departments shall attend to the several subjects indicated by the titles of the committees. They shall recommend all measures necessary for the advancement of the interests of the various departments. XVIII. COMMITTEE ON BUILDINGS AND GROUNDS. The Committee on Buildings and Grounds shall consider and report upon all plans, estimates or proposals for the sale or exchange, repair or improvement of the buildings or grounds belonging to the University, or for the erection of buildings or fences on the same, and for their convenient division; and all orders of the Board for improvements on buildings and grounds (except the farms) shall be under the charge and control of the Committee. XIX, COMMITTEE ON LIBRARY AND CABINETS. The Committee on Library and Cabinets, of which the Regent shall be one, shall consider and report upon all matters relating to the care and arrangement of the
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