Repository: UIHistories Project: Board of Trustees Minutes - 1928 [PAGE 222]

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1927]

UNIVERSITY OF ILLINOIS

219

O n motion of Dr. Noble, the nominations were closed, and the Secretary cast the unanimous vote of the Board for Dr. Kinley, and he was declared elected President of the University. President Kinley expressed his appreciation of the honor, and of the kindness of the Board in extending him leave of absence, and accepted the office. TREASURER'S B O N D O n motion of M r . Blair, the bond of the Treasurer was fixed at one million dollars. O n motion of Dr. Noble, the Finance Committee was directed to see that the Treasurer secures a satisfactory bond as specified above, and to report the same to the Board for approval. AUTHORITY TO RECEIVE FUNDS O n motion of M r . Barr, the following resolution was adopted: Resolved, that the Treasurer of the Board of Trustees of the University of Illinois is hereby authorized to receive and receipt for all moneys, and to endorse all orders, drafts, and checks due and payable to the Board of Trustees or to the University of Illinois, and especially all drafts drawn by the Treasurer of the United States payable to the Board of Trustees or the University of Illinois on account of the Agricultural Experiment Station of the University. DELEGATION OF SIGNATURE O n motion of M r s . Grigsby, the President and the Secretary of the Board of Trustees were authorized to delegate the signing of their names as President and Secretary, respectively, to vouchers to be presented to the State Auditor, and to warrants drawn on the Treasurer of the University, under the following conditions: No disbursement shall be made from any University funds in the hands of either the University Treasurer or the State Treasurer except on a voucher certified by the proper officer or head of department, against an appropriation made by the Board of Trustees, and approved by the Comptroller, according to the Statutes of the University. T h e President of the Board of Trustees is authorized 'toi delegate to the Auditor and to the Assistant Bursar in the Business Office authority to sign his name, as President of the Board of Trustees, to vouchers against the State Auditor, and to warrants on the University Treasurer for vouchers approved as above. T h e Secretary of the Board of Trustees is authorized to delegate to the Bursar and to the chief accountant in the Business Office authority to sign his name, as Secretary of the Board of Trustees, to vouchers against the State Auditor, and to warrants on the University Treasurer for vouchers approved as above. T h e President and the Secretary of the Board of Trustees are authorized to delegate to the Comptroller and to the Assistant to the Comptroller authority to sign the name of the President or of the Secretary of the Board of Trustees to vouchers against the State Auditor, and to warrants on the University Treasurer in case of emergency; provided that under no circumstances shall the Comptroller or the Assistant to the Comptroller sign the names of both the President and the Secretary to the same warrant or voucher.