Repository: UIHistories Project: Board of Trustees Minutes - 1926 [PAGE 315]

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312

BOARD O F TRUSTEES

[July 2 8

BOND

K N O W ALL M E N B Y T H E S E PRESENTS, That we, Arthur M. Burke, as Principal, and John W . Stipes, David B. Wright, George J. Babb, Orin L. Percival, Eugene I. Burke, Ulysses G. Sweabjngen, Thomas E. Lyons, Almond W . Stoolman, and Arthur Sheridan, 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 ($1,000,000.00) 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. WITNESS O U R H A N D S A N D SEALS THIS 30th day of June, A. D., 1925. T H E CONDITION of the above obligation is such that W H E R E A S , the above bounden, Arthur M . Burke, was on the 10th day of March, A. D., 1925. duly elected to the office of treasurer of the University of Illinois, for a period ending on the 10th day of March, A.D., 1927, 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 , i the said Arthur M . Burke shall well and truly f perform and faithfully discharge the duties of 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 Treasurer and not otherwise lawfully paid out or disposed of, and shall deliver to his successor in office, or any other person appointed to receive the same, the property, papers and other things in his hands belonging to said office, and shall at the expiration of his term of office, or oftener if thereunto requested by the Board of Trustees of the said University of Illinois, render a just and true account of his doings as such Treasurer, then this obligation shall be null and void; otherwise to remain in full force and effect. David B. Wright Arthur M . Burke George J. Babb Arthur Sheridan Orin L. Percival Almond W . Stoolman Eugene I. Burke Thomas E. Lyons Ulysses G. Swearingen John W . Stipes State or Illinois } Champaign County J I, Paul LaVernway, a Notary Public in and for said County in the State aforesaid, do hereby certify that David B. Wright, George J. Babb, Orin L. Percival, Eugene I. Burke, Ulysses G. Swearingen, Thomas E. Lyons, Almond W. Stoolman, Arthur Sheridan, John W . Stipes, and Arthur M . Burke, who 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 m y hand and notarial seal this 30th day of June. Paul LaVernway Notary Public Approved O. L. Harker O n motion of M r . A r m s t r o n g , this b o n d w a s accepted. Legal Counsel