Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 198]

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196

UNIVEESITY OF ILLINOIS.

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[March 11,

On motion of Mr. Meeker, the bond of the chief clerk in the comptroller's cSlce was fixed at twenty thousand dollars ($20,000), and it was ordered that the cost of the same should be paid by the University. The vote was as follows: Ayes, Mr. Abbott, Mr. Blair, Mrs. Busey, Mr. Dunne, Mrs. Evans, Mrs. Henrotin, Mr. Hoit, Mr. Meeker, Mr. Montgomery, Mr. Moore, Mr. Trevett, Miss Watson; noes, none; absent, none. On motion of Mrs. Busey, the Finance Committee was directed to secure satisfactory bonds as specified above and to report the same to the board for approval. After further discussion, on motion of Mr. Dunne, it was voted to reconsider the previous motion directing the Finance Committee to secure the bonds. Then, on motion of Mr. Dunne* the Executive Committee was directed to secure satisfactory bonds as specified above, and to report the same to the board for approval, and the question of the rate of interest to be paid by the treasurer on balances on deposit to the credit of the University was referred to the Executive Committee for consideration and report.

AUTHORITY TO RECEIVE MONEYS.

On motion of Mr. Blair, the following resolution was passed:

Resolved, That the Treasurer of the Board of Trustees of the University of Illinois is hereby authorized to receive and receipt for all moneys and to endorse all orders, drafts and checks, due and payable to the said Board of Trustees, or to the said. University of Illinois, and especially all drafts drawn by the Treasurer of the United States payable to the said Board of Trustees, or to the said University of Illinois, On account of the Agricultural Experiment Station of the said University. TREASURER NOT ELIGIBLE FOR RE-ELECTION.

On motion of Miss Watson, it was voted to amend the first sentence of section 1 of article V of the By-Laws of the Board of Trustees by the addition of the words "and shall not be eligible for re-election to succeed himself"; giving the following reading for the section as a whole:

SECTION 1. The officers of the board shall consist of a president, a recording secretary and a comptroller, who shall be elected for a term of one year, and a treasurer who shall be elected for a term of two years, and shall not be eligible for re-election to succeed himself.

The vote was as follows: Ayes, Mr. Abbott, Mr. Blair, Mrs. Busey, Mr. Dunne, Mrs. Evans, Mrs. Henrotin, Mr. Hoit, Mr. Meeker, Mr. Montgomery, Mr. Moore, Mr. Trevett, Miss Watson; noes, none; absent, none. At this point Mr. Meeker withdrew.

AUDIT OF ACCOUNTS OF COLLEGE OF PHYSICIANS AND SURGEONS.

President James presented a report of an audit of the accounts. of the College of Physicians and Surgeons of Chicago from July 1, 1912, to March 1, 1913, made by the United States Audit Company.

From this report it appears that the cash on hand February 28, 1913, was $10,410.85; and the fees receivable, $15,044.85. As these fees were made up of sums due from students formerly enrolled in the college, it is probable that not more than two-thirds of the sum can be collected; so that the cash and debts due the institution turned over to the University of Illinois on March 1, 1913, amount, roughly speaking, to $20,000.

The foregoing report of the audit of the accounts of the College of Physicians and Surgeons was received for record.

NEED FOR SUMMER CAMP BY COLLEGE OF ENGINEERING.

President. James presented a request from Dr. W. F. M. Goss, Dean of the College of Engineering, and Dr. Ira'O. Baker, Professor of Civil Engineering, to be heard on the subject of the need of the College of Engineering for a summer camp.