Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 126]

EXTRACTED TEXT FROM PAGE:

1983]

UNIVERSITY OF ILLINOIS

117

Forsyth was elected president to serve until the next annual meeting of the board or until his successor shall have been elected. Mr. Forsyth took the chair. In accepting the presidency, Mr. Forsyth expressed the appreciation of the board to Mr. Stone (and to Mrs. Stone) for the services and sacrifices rendered in the two-year period during which Mr. Stone has served as president. M r . Forsyth made clear he regarded the post as a singular honor, but that in his judgment any one of the trustees could well serve. H e expressed his determination, in the light of the current financial situation, to make every effort to protect and enhance the status and programs of the University. H e indicated that he would consult with the trustees and would be prepared to announce committee assignments for the coming year at the February meeting. Executive Committee Mr. Forsyth then asked for nominations for the Executive Committee. Mr. Howard nominated Mrs. Day and Dr. Donoghue to serve as members of the Executive Committee, with the president of the board as chairman, ex officio. O n motion of Mr. Madden, the nominations were closed. By unanimous vote, Mrs. Day and Dr. Donoghue were declared elected members of the Executive Committee to serve until the next annual meeting of the board or until their successors shall have been elected. Secretary, Comptroller, and University Counsel of the Board In accord with the Bylaws of the board, the president of the University had conveyed his advice to the board that the three incumbents be reelected: Earl W. Porter, secretary of the board; Craig S. Bazzani, comptroller of the board; and James J. Costello, university counsel. Mr. Howard moved that a unanimous ballot be cast for their election. The nominations were closed, a unanimous ballot was so cast, and the incumbents — Mr. Porter, Mr. Bazzani, and Mr. Costello — were declared elected secretary, comptroller, and university counsel of the board, respectively, to serve until the next annual meeting of the board or until their successors shall have been elected. Treasurer of the Board O n motion of Mrs. Shepherd, Mr. Bernard T . Wall was reelected to serve as treasurer of the board for a two-year term in accordance with the statutory provision for a biennial term for treasurer. Mr. Wall will serve until the annual meeting of 1985, or until his successor shall have been elected and qualified. Treasurer's Bond On motion of Mrs. Shepherd, the amount of the treasurer's bond was fixed at $6,000,000. O n motion of Mrs. Shepherd, the Finance Committee was instructed