Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 448]

EXTRACTED TEXT FROM PAGE:

1982]

UNIVERSITY OF ILLINOIS

437

complete and that he expected to appoint and charge the committee within the next week or two. Similarly, efforts are underway to establish a search mechanism for the vice president for academic affairs position. T h e committee should be formed shortly. T h e president and Mr. Brady reported that a committee has been formed and work is now underway to search for a senior associate vice president for business and finance to fill the vacancy created by the resignation (last June) of Mr. Robert Parker. Treasurer's Bond President Ikenberry pointed out that over the many years of the U n i versity's relationship with the First National Bank of Chicago, the bank has purchased the bond required of the treasurer of the University (a $6 million bond normally costing approximately $5,000 per year). H e observed that Mr. Bernard Wall, now beginning the second year of a twoyear term as treasurer, is no longer connected with the bank and reported an administrative decision that the University will purchase the bond now and in the future. There being no further business, Mr. Stone announced the executive session would be adjourned. T h e Board of Trustees' regular meeting reconvened at 9:10 a.m. MINUTES APPROVED T h e secretary presented for approval the press proofs of the minutes of the Board of Trustees meetings of September 17 and October 15, 1981, copies of which had previously been sent to the board. O n motion of Mr. Howard, these minutes were approved as printed on pages 343 to 410 inclusive. SPECIAL ORDER OF BUSINESS Election of a Temporary Chairman Mr. Stone asked for nominations for a temporary chairman to conduct the election of the president of the board. O n the motion of Mrs. Day, Mr. Forsyth was nominated to serve as temporary chairman. There being no further nominations, Mr. Forsyth was unanimously elected and took the chair. ELECTION OF OFFICERS President of the Board Mr. Forsyth called for nominations for president of the board. Dr. Donoghue nominated Paul Stone. T h e nominations were closed, and, by unanimous ballot, Mr. Stone was reelected as president of the board to serve until the next annual meeting of the board or until his successor shall have been elected. Mr. Stone took the chair.