Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 270]

EXTRACTED TEXT FROM PAGE:

1983]

UNIVERSITY OF ILLINOIS

261

Resolution of the Board of Trustees (Authority To Open Deposit Account)

Be It Resolved, that the First National Bank in Champaign, Champaign, Illinois be, and it is hereby, designated a depository of this Corporation in connection with an agreement to provide bank credit card services to the Corporation, and that funds so deposited may be withdrawn upon a check, draft, note or order of the Corporation. Be It Further Resolved, that all checks, drafts, notes or orders drawn against said account be signed by any one of the following: Name Title Roger D. Pohlmann Assistant Director of Business Affairs Ray D. Sanden Collection Specialist Debra K. Goodin Accountant Harold G. Poindexter Director of Business Affairs and countersigned by any one of the following: Dorothy R. Pondy Chief Accountant Robert H. Suter Assistant Chief Accountant Charles O. Parvin Supervising Accountant whose signatures shall be duly certified to said Bank, and that no checks, drafts, notes or orders drawn against said Bank shall be valid unless so signed. Be It Further Resolved, that said Bank is hereby authorized and directed to honor and pay any checks, drafts, notes or orders so drawn, whether such checks, drafts, notes or orders be payable to the order of any such person signing a n d / o r countersigning said checks, drafts, notes or orders, or any of such persons in their individual capacities or not, and whether such checks, drafts, notes or orders are deposited to the individual crpdit of the person so signing and/or countersigning said checks, drafts, notes or orders, or to the individual credit of any of the other officers or not. This resolution shall continue in force and said Bank may consider the facts concerning the holders of said offices, respectively, and their signatures to be and continue as set forth in the certificate of the Secretary or Assistant Secretary, accompanying a copy of this resolution when delivered to said Bank or in any similar subsequent certificate, until written notice to the contrary is duly served on said bank.

Resolution of the Board of Trustees {Authority To Execute Agent Card Service Member Agreement)

Be It Resolved, that the following: T h e Comptroller and the Secretary of this corporation be and hereby are authorized: T o execute and deliver on behalf of this corporation a Card Services Member Agreement with The Indiana National Bank ("Bank"), through its Card Service agent ("Agent") and supplemental agreements amending or revising such Agreement from time to time; and T o deliver for credit, in accordance with the terms of such Member Agreement and any supplemental agreements thereto (such Member Agreement and supplemental agreements being hereafter referred to as the "Agreement"), such sales drafts as are executed and delivered to the corporation as payment for merchandise a n d / o r services sold through the use of VISA a n d / o r MasterCard; to execute and deliver sales drafts in accordance with the terms of the Agreement; and to pay any amounts payable by this corporation under the terms of the Agreement; and T o pay all fees imposed upon this corporation under the terms of the Agreement and to perform all acts and execute and deliver all such other instruments or