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Caption: Board of Trustees Minutes - 1982
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140 BOARD OF TRUSTEES [January 15 But it is in the position of treasurer, which requires of the incumbent absolute integrity, that your signal contribution has been made. The respect and confidence of the members of the board and the officers of the University have marked your term. The faithful and generous gift of your time to this responsibility has set an impeccable standard. The president of the University and other officers of the University join the trustees in this expression of sincere appreciation. We look forward to your continued involvement in the affairs of your alma mater and extend to you and Mrs. Manchester our best wishes for the years ahead. The Board of Trustees directs that this resolution be incorporated in the minutes of today's meeting to become a part of the official public record, and that a suitable copy be given you as a permanent reminder of the esteem and affection in which you are held. Mr. Manchester spoke briefly, reviewing his many years' association with the trustees and with the presidents and other officers of the University, noting that the experience had been an added and treasured dimension to his and to his wife's lives; Mrs. Manchester spoke briefly in appreciation of the tribute. Mr. Stone thereupon asked for nominations for treasurer and Mr. Forsyth nominated Bernard T. Wall, a vice president of the First National Bank of Chicago. (He noted that Mr. Wall was an alumnus of the University having received his bachelor's degree in 1960 with honors and his law degree in 1962 with honors.) Mrs. Shepherd expressed a wish to second the nomination. Thereupon, the nominations were closed and by unanimous ballot Mr. Wall was elected treasurer to serve until the annual meeting of 1983 or until his successor shall have been elected and qualified. Treasurer's Bond O n motion of Mr. Forsyth, the amount of the treasurer's bond was fixed at $6,000,000. On motion of Mr. Howard, the Finance Committee was instructed to see that the treasurer presents a satisfactory bond in the amount specified above and to report the same to the board. Authority to Receive Moneys Dr. Donoghue offered the following resolution and moved its adoption: Resolved that the Treasurer of the Board of Trustees of the University of Illinois be, and hereby is, 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. The resolution was unanimously adopted. Delegation of Signatures O n motion of Mr. Forsyth, the following resolution was unanimously approved.
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