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Caption: Board of Trustees Minutes - 1982
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20 BOARD OF TRUSTEES [July 17 2. That to accomplish the foregoing, R. W. Brady, Comptroller, be and he is hereby authorized and directed to execute for and in behalf of T h e Board of Trustees of the University of Illinois, Champaign, Illinois, the said First Amendment to the Grant Agreement, and that Earl W. Porter, Secretary, be and is hereby authorized and directed to attest said execution and to impress thereon the Official Seal of T h e Board of Trustees of the University of Illinois, Champaign, Illinois. Authorization to Establish Bank Account in Connection w i t h Bank Credit Cards, Urbana (20) On April 12, 1978, the Board of Trustees authorized the use of Master Charge and VISA bank credit cards for certain auxiliary activities at the Urbana campus. T h e cards were initially used by the Assembly Hall, Krannert Center for the Performing Arts, and the University Press. T h e cards have facilitated their marketing activities, and usage has been extended to the University Film Service and to Continuing Education and Public Service for conference, institute, and extramural class activities. Further extension of card usage to similar activities will be undertaken as warranted by operational needs. Bank services have been provided, since first authorized, by the Champaign National Bank on the basis of competitive bids. T h e agreement terminated on June 30, 1980, and competitive bids have been received for service in FY 1981. T h e bank submitting the bid offering the most economical advantage to the University is the Bank of Illinois, Champaign. One of the provisions of the Bank of Illinois' bid is that a deposit account be maintained with an average minimum balance of $5,000. The chancellor at Urbana has recommended that authority be given to establish an appropriate bank account with the Bank of Illinois and to execute the contracts necessary to provide Master Charge and VISA services to the University. Upon the conclusion of all business in process with the Champaign National Bank, that account will be closed. I t is also recommended that the board adopt the following resolutions, authorizing the opening of a deposit account and authorizing the comptroller and the secretary to execute the necessary agreements. T h e executive vice president recommends approval. I concur. Resolution of the Board of Trustees (Authority to Open Deposit Account) Be It Resolved, that Bank of Illinois, Champaign, Illinois be, and it is hereby, designated a depository of this 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 ROGER D. POHLMANN RAY D. SANDEN DEBRA K. GOODIN TITLE Assistant Director of Business Affairs Collection Specialist Accountant HAROLD G. POINDEXTER MICHAEL L. CROWELL Director of Business Affairs Chief Accountant and countersigned by any one of the following: ROBERT H . SUTER CHARLES O. PARVIN Assistant Chief Accountant Supervising Accountant
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