Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 449]

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438

BOARD OF TRUSTEES

[January 14

Executive Committee Mr. Stone asked for nominations for the Executive Committee. Mr. Forsyth nominated Nina T . Shepherd and Dean E. Madden to serve as members of the Executive Committee widi the president of the board as chairman ex officio. T h e nominations were closed, and the secretary was instructed to cast a unanimous ballot of the board for the election of Mrs. Shepherd and Mr. M a d d e n to the Executive Committee. T h e ballot was so cast, and Mrs. Shepherd and Mr. M a d d e n 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 President Ikenberry reported that, in accord with the bylaws, his advice to the Board of Trustees was that the three incumbents — Earl W. Porter, secretary of die board; Ronald W. Brady, comptroller of the board; and James J. Costello, university counsel — be reelected. Mr. Forsyth moved that the nominations be closed and a unanimous ballot be cast. T h e three incumbents — Mr. Porter, Mr. Brady, Mr. Costello — were declared elected secretary, comptroller, and university counsel of die board, respectively, to serve until the next annual meeting of die board or until dieir successors shall have been elected. Delegation of Signatures

O n m o t i o n of M r . H o w a r d , d i e f o l l o w i n g r e s o l u t i o n s w e r e u n a n i m o u s l y adopted. Resolved that the President of the Board of Trustees is authorized to delegate to such individuals, as he may designate from time to time, authority to sign his name as President of the Board of Trustees to vouchers presented to the State Comptroller and authority to sign his name to warrants on the University Treasurer covering vouchers approved in accordance with regulations approved by the Board; and Resolved further that the Secretary of the Board of Trustees is authorized to delegate to such individuals, as he may designate from time to time, authority to sign his name as Secretary of the Board of Trustees to vouchers presented to the State Comptroller and to warrants on the University Treasurer covering vouchers approved in accordance with regulations of the Board. Be It Further Resolved that the First National Bank of Chicago, as a designated depositary of Bernard T. Wall, Treasurer of this corporation, be and it (including its correspondent banks) is hereby requested, authorized, and directed to honor checks, drafts, or other orders for the payment of money drawn in this corporation's name, including those drawn to the individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the facsimile signatures of the two following: President and Secretary; and the First National Bank of Chicago (including its correspondent banks) shall be entitled to honor and to charge this corporation for all such checks, drafts, or other orders, regardless of by whom or by what means the facsimile signature or signatures thereon may have been affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly certified to or filed