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Caption: Board of Trustees Minutes - 1968
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430 BOARD OF TRUSTEES [March 14 Mr. Hughes nominated Mr. Timothy W. Swain, and, at the suggestion of Mr. Grimes, Mr. Pogue withdrew the nomination of Mr. Grimes in favor of Mr. Swain. On motion of Governor Kerner, the nominations were closed and the Secretary was instructed to cast the unanimous ballot of the Board for the election of Mr. Clement and Mr. Swain as members of the Executive Committee of the Board of Trustees, to serve until the next annual meeting of the Board in March, 1968, or until their successors shall have been elected. The ballot was so cast, and Mr. Clement and Mr. Swain were declared elected to the Executive Committee. Treasurer of the Board Mr. Swain nominated Mr. R. R. Manchester, a Vice-President of the First National Bank of Chicago, as Treasurer of the Board. On motion of Governor Kerner, the nominations were closed and the Secretary was instructed to record the unanimous ballot of the Board for Mr. Manchester as Treasurer of the Board of Trustees for a twoyear term in accordance with the statutory provision for a biennial term for Treasurer. The ballot was so cast and Mr. Manchester was declared elected Treasurer to serve until the second Tuesday in March, 1969, or until his successor shall have been elected and qualified. TREASURER'S BOND On motion of Mr. Jones, the amount of the Treasurer's bond was fixed at $6,000,000. On motion of Dr. Weatherly, 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 Mr. Swain 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 of the University of Illinois. This resolution was unanimously adopted. DELEGATION OF SIGNATURES Mr. Page offered the following resolution: 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 as President and Secretary, respectively, to vouchers to be presented to the Auditor of Public Accounts, and to warrants drawn on the Treasurer of the University, under the following conditions : T h e President of the Board of Trustees is authorized to delegate to Lyle M. Dahlenburg, C. O. Parvin, R. N. Parker, in Urbana James E. Osborn, David W . Bonham, Walter E. Cowart, R. E. Porter, H. O. Albers, A. W. Catrambone, in Chicago C. H. Moody, Helen Culbertson, in Springfield authority to sign his name as President of the Board of Trustees to vouchers against the Auditor of Public Accounts; and to C. C. DeLong, R. W . Zimmer, R. F . Wood, in Urbana James E. Osborn, David W. Bonham, Walter E. Cowart, R. E. Porter, H. O. Albers, A. W. Catrambone, in Chicago
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