Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 390]

EXTRACTED TEXT FROM PAGE:

1961]

UNIVERSITY OF ILLINOIS

387

serve until the second Tuesday in March, 1963 (March 12, 1963), or until his successor shall have been elected and qualified, in accordance ivith the statutory provision of a biennial term for Treasurer. On motion of Mr, Clement, the Board recorded its appreciation of the services of its officers during the past several years.

TREASURER'S B O N D

On motion of Mr. Swain, the amount of the Treasurer's bond was fixed at $6,000,000. On motion of Mrs. Watkins, the Finance Committee was instructed to see that the Treasurer presents a satisfactory bond in the amount specified, and to report the same to the Board for approval.

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 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 cr 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 adopted.

DELEGATION O F SIGNATURES

Mis. Watkins offered the following resolution, and moved its adoption: 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. The President of the Board of Trustees is authorized to delegate to L. M, Dahlenburg and to W. D. Green In Urbana, and to J. E, Osborn, to W. E. Cowart, and to H, O. Albers in Chicago, and to Edward F. Lis and to 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, to R. W. Zimmer, and to R. F, Wood in Urbana, and to J. E. Osborn, to W. E. Cowart, and to H. 0. Albers in Chicago, authority to sign his name to warrants on the University Treasurer covering vouchers approved in accordance with regulations approved by the Board. The Secretary of the Board of Trustees is authorized to delegate to Maude Archdeacon, to George H. Bargh, and to Everett G. Smith in Urbana, and to G. R. Moon, to Velma M, Davis, to Helen Wyle, and to Genevieve R. Mutka in Chicago, authority to Sign his name as Secretary of the Board of Trustees to vouchers against the Auditor of Public Accounts and to warrants on the University Treasurer, covering vouchers approved in accordance with regulations of the Board. The Secretary of the Board of Trustees is authorized to delegate to Mrs. Freda M, Hicks and to Lean C Ryan in Springfield, authority to sign his name as Secretary of the Board of Trustees on vouchers against the Auditor of I'ublic Accounts approved in accordance with the regulations of the Board. These authorizations are to continue in effect until the Auditor of Public Accounts has been supplied with specimen signatures of succeeding officers of this Board. And be it further Resolved, that the First National Bank of Chicago as a designated depositary of C. W. Weldon, 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: Kenney E.