Caption: Board of Trustees Minutes - 1940
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240 BOARD OF TRUSTEES ELECTION OF OFFICERS [March 14 On motion of M r . K a r r a k e r , M r s . P l u m b was elected Chairman of the meeting for the election of a President of the Board. M r s . Plumb took the chair and presided during the organization proceedings. MR. OSCAR G. MAYER ELECTED PRESIDENT OF THE BOARD Mr. Pogue nominated M r . Oscar G. Mayer, of Chicago, for the office of President of the Board for the ensuing year. On motion of M r . Moschel, the nominations were closed, and the Secretary was instructed to cast the unanimous vote of the meeting for Mr. Mayer as President. T h e ballot was cast, and Mr. Mayer was declared elected President of the Board. MR. HARRISON E. C U N N I N G H A M ELECTED SECRETARY O n motion of Mr. Moschel, Mr. H a r r i s o n E. Cunningham, of Urbana, was elected Secretary of the Board for one year. PROFESSOR LLOYD MOREY ELECTED COMPTROLLER O n motion of M r . Mayer, Professor Lloyd Morey, of U r b a n a , was elected Comptroller for one year. MR. FRANK M. GORDON ELECTED TREASURER O n motion of Mr. Pogue, M r . F r a n k M . Gordon, of Chicago, was elected T r e a s u r e r for two years, under the same conditions of bond as at present. EXECUTIVE COMMITTEE ELECTED Mr. Pogue nominated Mr. L. C. Moschel, and Mr. Mayer nominated M r s . Glenn E . Plumb, to serve, with the President of the Board as Chairman, as members of the Executive Committee for the ensuing year. O n motion of M r . K a r r a k e r , the nominations were closed, and the Secretary was instructed to cast the unanimous vote of the meeting for Mr. Moschel and M r s . Plumb as members of the Executive Committee. T h e ballot was cast, and M r . Moschel and M r s . P l u m b were declared elected. TREASURER'S BOND O n motion of Mr. K a r r a k e r , the amount of the T r e a s u r e r ' s bond was fixed at $750,000, in an acceptable surety company. O n motion of Mr. Moschel, the Finance Committee was instructed to see that the T r e a s u r e r secure a satisfactory bond, and to report it to the Board for approval. AUTHORITY TO RECEIVE MONEY O n motion of M r . Pogue, the following resolution was adopted: Resolved, that the Treasurer of the Board of Trustees of the University of Illinois be, and he 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. DELEGATION OF SIGNATURES O n motion of M r . Moschel, the following resolution was adopted: Resolved, that the President and the Secretary of the Board of Trustees of the University of Illinois are authorized to delegate the signing of their names
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