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Caption: Board of Trustees Minutes - 1918
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1917] UNIVERSITY OF ILLINOIS 265 for trust purposes,* Such moneys, not belonging to the University, would not ordinarily be covered by such a bond as we have been carrying and in my opinion arrangements should be made so that the liability in this respect is properly covered by a bond. Cordially yours, LLOYD MOREY Acting Comptroller On motion of Mrs. Henrotin, the Cashier's petty cash fund was increased to $10,000 and his bond was increased to $50,000, to cover his liability for the petty cash fund and trust funds and also his liability in signing the name of the Secretary of the Board to warrants and vouchers. The vote was as follows: Ayes, Mr. Abbott, Mrs. Evans, Mrs. Henrotin, Mr. Hoit, Mr. Taggart, Mr. Ward, Miss Watson; noes, none; absent, Mr. Blair, Mrs. Busey, Mr. Carr, Mr. Lowden, Mr. Trevett. BONDING T H E COMPTROLLER AND AUDITOR (26) A letter from the Comptroller asking that the Auditor and Comptroller be put in bonds in accordance with the action of the Board at its meeting of July 21, 1916 (Minutes, page 64) : March 9, 1917 President Edmund J. James, University of Illinois DEAR PRESIDENT J A M E S : The Board of Trustees in its meeting of July 21, 1916 (page 64), voted that all persons to whom the signing of the names of the President and the Secretary of the Board was delegated should be put under bond. On September 21, 1916 (pages 99-100), the Board passed resolutions authorizing the President and the Secretary of the Board, respectively, to delegate this authority to the Auditor, the Cashier, and the Comptroller. As yet no provision has been made for the bonds specified in the previous action. The Cashier is now under bond of $20,000 and in a separate communication I have recommended that his bond be increased to $50,000. T h e Auditor is not now under bond. On July 21, 1916 (page 68), reference is made to the matter of bonding the Comptroller, the matter being referred to the Chairman of the Finance Committee. I would be glad to have this entire proposition worked out fully and the necessary bonds executed as the Board may direct. Cordially yours, LLOYD MOREY Acting Comptroller On motion of Mrs. Henrotin, this matter was referred to the Finance Committee with power to act. PROGRESS OF WORK ON HISTORY OF T H E UNIVERSITY (27) A letter from Dr. B. E. Powell, University historian, containing a brief report of progress on the history of the University:
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