Repository: UIHistories Project: Board of Trustees Minutes - 1924 [PAGE 161]

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158

BOARD OF TRUSTEES

[April II,

TREASURER'S B O N D Mr. Trimble presented, for the Finance Committee, the bond of Mr. A. M . Burke as Treasurer. BOND K N O W A L L M E N B Y T H E S E PRESENTS: That we, A. M . Burke, as Principal, and T. E. Lyons, E. T. McMillen, O. L. Percival, Geo. J. Babb, T. M. Lyman, J. W . Stipes, E. I. Burke, Arthur Sheridan, and U. G. Swearingen as sureties, are held and firmly bound unto the Board of Trustees of the University of Illinois, in the penal sum of One Million Dollars ($1,000,000) lawful money of the United States of America, for the payment of which sum well and truly to be made, we bind ourselves, our respective heirs, executors, administrators and assigns, and each of them, by these presents. W I T N E S S O U R H A N D S A N D SEALS this 10th day of April A. D. 1923. T H E CONDITION of the above obligation is such that W H E R E A S , the above bounden A. M . Burke, was on the 13th day of March, A. D. 1923, duly elected to the office of Treasurer of the University of Illinois for a period ending on the 13th day of March A. D. 1925, or until his successor shall be appointed and qualified and is about to assume the duties of said office; N O W , T H E R E F O R E , if the said A. M . Burke, his heirs or administrators, shall well and truly perform and faithfully discharge the duties of the Treasurer of said University of Illinois, during his term of office, and shall faithfully keep and truly account for all moneys, bonds, securities, or other property coming into his hands as such Treasurer during his term of office, and shall pay when properly drawn and presented to him all warrants, authorized by the Board of Trustees of the University of Illinois drawn against funds in his hands belonging to the said University of Illinois, and at the expiration of his term of office, on due request to him, shall pay over and deliver to his successor in office, or to any other person duly authorized by the Board of Trustees of said University of Illinois to receive the same, all moneys, bonds, securities, or any other property received by him as such TreasurerBurke otherwise lawfully paid out T. E. Lyons (seal) A. M. and not (seal) or disposed of, and shall deliver to his successorLyman or any other person appointed E. T. McMillen (seal) T. M. in office, (seal) to L. Percival receive the same, the property, books,J. W. Stipesother things in his hands bepapers and O. (seal) (seal) Geo. J. Babb (seal E. J. Burke (seal) longing to said office, and shall at the expiration of his term of office, or oftener if thereArthur University (seal) unto requested by the Board (seal) of Trustees of the saidSheridan of Illinois, render a just U. G. Swearingen (seal) and true OF ILLINOIS doings as such Treasurer, then this obligation shall be null and account of his STATE void; otherwise to remain in full force and effect. COUNTY OF CHAMPAIGN] I, Paul LaVernway, a Notary Public in and for said County in the State aforesaid, do hereby certify, that T. E. Lyons, E. T. McMillen, O. L. Percival, Geo. J. Babb, T. M . Lyman, J. W . Stipes, E. I. Burke, Arthur Sheridan and U. G. Swearingen who are personally known to m e to be the same persons whose names are subscribed to the foregoing instrumen t, appeared before m e 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 m y hand and notarial seal this 10th day of April A. D. 1923. Paul Lavernway Notary Public. On motion of Mr. Trimble, this bond was approved. MATTERS PRESENTED BY PRESIDENT K1NLEY The Board considered the following matters presented by the President of the University.