Repository: UIHistories Project: Board of Trustees Minutes - 1914 [PAGE 209]

EXTRACTED TEXT FROM PAGE:

1913]

PROCEEDINGS OF THE BOARD OF TRUSTEES.

207

other person appointed to receive the same, the property, books, papers "and other things in his hands belonging to said office, and shall, a t the expiration of his term of office, or oftener, if thereunto requested by the Board of Trustees of said university of Illinois, render a just and true account of his doings as such treasurer, then this obligation to be null and void; otherwise to remain in full force, effect and virtue. Matthew W. Busey, John V\f. Stipes, John T. Hudson, George W. Busey, A. B. Smith, Jacob M. Smith, F. M. Marriott, John W. Busey, John A. Edwards, John J. White, James B. Busey, Wm. I. Saffel. George M. Johnson, Albert J. Kirkpatrick, Frank D. Willard. Ulysses G. Swearingen, Jiohn L. Black,

STATE OF ILLINOIS., { •COUNTY OP CHAMPAIGN, S

SS

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I, Garrett H. Baker, a notary public in and for said county, in the State Aforesaid, do hereby certify, that Matthew W. Busey, George W. Busey, John W. Busey, James B. Busey, Ulysses G. Swearingen, John L. Black, George M. Johnson, Albert J. Kirkpatrick, John P. Hudson, John T. White, John W. Stipes, A. B. Smith, F. M. Marriott, Jacob M. Smith, John A. Edwards, Wm. I. Saffell, Frank D. Willard, are personally known to me to be the same persons whose names are subscribed to the foregoing instrument, appeared before me this day in person and acknowledged that they signed, sealed and delivered the said instrument as their free and voluntary act, for the uses and purposes therein set forth. Given under my hand and notarial seal this 14th day of March, 1913, A.D. (Notary's Seal.) Notary Public. It was voted to recommend to the Board of Trustees the approval of Mr. Busey's bond as offered, and also the acceptance of his proposition to pay the University interest on daily balances at the rate of 2 per cent (2%).

WARRANTS TO BE P A Y A B L E IN BOTH URBANA A N D CHICAGO. GARRETT H. BAKER,

The chairman presented the following letter from Mr. M. W. Busey, Treasurer: March 22, 1913/" The Executive Committee of the Board of Trustees, University of Illinois. GENTLEMEN : If there is no objection on the part of the Board, the warrants of the University will be made payable both a t Busey's Bank, Urbana, and a t the Continental and Commercial National Bank of Chicago. The comptroller assures me that this will be a very great convenience to the University, because of the location of several departments in Chicago. Yours truly, The arrangement proposed in the foregoing letter from Mr. Busey was approved.

M. W. BUSEYJ Treasurer.

WARRANTS ALREADY DRAWN AGAINST MR. HAUGAN TO BE TAKEN UP BY THE STATE BANK.

The chairman presented the following letter from Mr. M. W. Busey, Treasurer: March 22, 1913. The Executive Committee of the Board of Trustees,, University of Illinois. GENTLEMEN : If there is no objection, the treasurer will arrange with the State Bank of Chicago to take up warrants already drawn against H. A. Haugan, but still outstanding. Yours truly,

M. W. BUSEY., Treasurer.

The arrangement proposed in the foregoing communication from Mr. Busey was approved.

LOCAL RECEIPTS TO BE D E P O S I T E D WITH T H E TREASURER.

The chairman presented the following letter from Mr. M. W. Busey, Treasurer: . March 22, 1913. The Executive Committee of the Board of Trustees, University of Illinois. GENTLEMEN: A S the Treasurer of the University of Illinois, permit me to make the following recommendation pertaining to this office: In my examination of the records of your business office and the reports of your comptroller, I find that the funds of the University are how being carried in several different accounts, some of which do not go through the treasurer's office. Now that the treasurer is virtually located a t the University, I would therefore .respectfully recommend: • That all local receipts of the University coming from any of its departments in Urbana or Champaign be deposited directly with the University treasurer by the •chief clerk, and that the comptroller and treasurer be authorized to effect such •changes in procedure as may be necessary, provided that any change in the rules of the board shall be submitted to the board for approval. The above method of procedure would facilitate the work of both the comptroller and the treasurer.