Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 806]

EXTRACTED TEXT FROM PAGE:

1942]

UNIVERSITY OF ILLINOIS

803

On motion of Mr. Davis, the nominations were closed and the Secretary was instructed to cast the unanimous vote of the meeting for Mr. Fornof and Mr. Adams as members of the Executive Committee. The ballot was cast, and Mr. Fornof and Mr. Adams were declared elected.

AUTHORITY TO RECEIVE MONEY

On motion of Mr. Wieland, 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

On motion of Mr. Adams, the following resolutions were adopted.

Resolved, that the President and 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 State Auditor, 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 C. H. Pratt, to L. M. Dahlenburg, and to C. C. DeLong in Urbana, and to J. E. Millizen, to .1. F. Knight, and to F. \V. Tanke in Chicago, authority to sign his name as President of the Board of Trustees to vouchers against the State Auditor; and to C. A. Webber and to H. F . Thornes, 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 H . C. Oesterling, to Anna L. Neuber, and to Maude Archdeacon, all in Urbana, authority to sign his name as Secretary of the Board of Trustees to vouchers against the State Auditor and to warrants on the University Treasurer, covering vouchers approved in accordance with regulations of the B o a r d ; and he is further authorized to delegate to G. K. Moon and Velma M. Davis, in Chicago, authority to sign his name as Secretary of the Board of Trustees to vouchers against the State Auditor. And be it further Resolved, that the First National Bank of Chicago as a designated depositary of F r a n k M. Gordon, 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 any two of the following: Karl A. Meyer, President, and H . E. Cunningham, 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 with the First National Bank of Chicago by the Secretary or other officer of this corporation. And be it further Resolved, that the Auditor of Public Accounts is hereby authorized and directed to honor vouchers bearing facsimile signatures of the President and Secretary of the Board of Trustees of the University of Illinois if such facsimile signatures resemble the facsimile specimens duly certified to or filed with the Auditor of Public Accounts by the Secretary. Be it resolved, that the President of the Board of Trustees of the University, or an agent duly deputized by him, be and he is hereby authorized to sign on behalf of the University, jointly with the designee of the University of Illinois Foundation, any and all checks or drafts, including drafts in informal or letter form, against any funds at any time standing to the credit of said