Repository: UIHistories Project: Board of Trustees Minutes - 1990 [PAGE 78]

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BOARD O F T R U S T E E S

[September 13

T h e vice president for business and finance and comptroller recommends that the board adopt the attached resolutions authorizing the opening of these depository accounts as described above. T h e vice president for academic affairs concurs. I recommend approval.

Resolution for Maryland National Bank Depository University Press Depository Account

Be It Resolved, 1. That Maryland National Bank, Baltimore, Maryland (the bank), be and is hereby designated a depository of the University of Illinois in connection with an agreement with Johns Hopkins University Press to provide depository account services to the University of Illinois Press (the Corporation), and that funds so deposited may be withdrawn upon a check, draft, note, or order of the University of Illinois. 2. That Johns Hopkins University Press, acting as agents for the Board of Trustees of the University of Illinois, be given limited authorization to endorse all notes, drafts, checks, bills, or other instruments owned or held on behalf of the Corporation for deposit only in said account for collection by Maryland National Bank and that any and all endorsements made on behalf of the Corporation upon checks, drafts, notes, or instruments for deposit or collection made with the Bank may be written or stamped endorsements by Johns Hopkins University Press on behalf of this Corporation. 3. That the Comptroller of the University of Illinois is authorized from time to time, upon such terms and conditions as he may deem advisable, to designate in writing to the Bank those officers, employees, and other agents of the University authorized to sign any and all checks, drafts, and orders, including orders or directions in informal or letter form, against any funds or accounts at any time standing to the credit of the University with the Bank, and that the Bank is authorized to honor any and all individual orders of any such person or persons signing the same, without further inquiry or regard to the authority of said person or persons or the use of the checks, drafts, or orders, or the proceeds thereof. 4. That the Comptroller of the University of Illinois is authorized from time to time to designate in writing to the Bank those officers, employees, and other agents of the University authorized to issue written, telephonic, electronic, or oral instructions with respect to the transfer of funds of the University on deposit with the Bank (or otherwise transferable by the Bank), by wire or otherwise, without any written order for the payment of money being issued with respect to such transfer, and, for and on behalf of the University, to enter into such agreements with the Bank with respect to any such transfer(s) as such officer(s) in (his) (their) sole discretion deem(s) advisable.

Resolution for First National Bank of Maryland Depository University Press Depository Account

Be It Resolved, 1. That First National Bank of Maryland, Baltimore, Maryland (the Bank), be and is hereby designated a depository of the University of Illinois in connection with an agreement with Johns Hopkins University Press to provide depository account services to the University of Illinois Press (the Corporation), and that funds so deposited may be withdrawn upon a check, draft, note, or order of the University of Illinois. 2. That Johns Hopkins University Press, acting as agents for the Board of Trustees of the University of Illinois, be given limited authorization to endorse all notes, drafts, checks, bills, or other instruments owned or held on behalf of the Corporation for deposit only in said account for collection by Maryland National Bank and that any and all endorsements made on behalf of the Corporation upon such checks, drafts, notes, or instruments for deposit or collection made with the