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Caption: Board of Trustees Minutes - 1956
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250 BOARD OF TRUSTEES [March 30 MINUTES APPROVED T h e Secretary presented the minutes of the meetings of the Board on J a n u a r y 24 and F e b r u a r y 10, 1955, press proof copies of which have previously been sent to the Board. O n motion of M r s . Watkins, these minutes were approved as printed on pages 201 to 247, inclusive. ELECTION OF TEMPORARY CHAIRMAN On motion of Mr. Swain, Mr. Bissell was elected President, Tempore of the meeting and took the Chair. ELECTION OF OFFICERS AND MEMBERS OF T H E EXECUTIVE COMMITTEE Pro Mr. Bissell called for nominations of officers of the Board. O n motion of M r . Nickell, all of the present officers of the Board and the members of the Executive Committee were re-elected as follows: President: Mr. H . B. Megran Secretary: M r . A. J. Janata Comptroller: Mr. H . O. Farber T r e a s u r e r : Mr. C. W . Weldon Executive Committee: Mr. P a r k Livingston, M r s . Frances B. Watkins, M r . H . B. Megran, Chairman, to serve until the second Tuesday of March, 1956 ( M a r c h 13, 1956), or until their successors have been elected and have qualified, with the exception of Mr. Weldon who was re-elected T r e a s u r e r to serve until the second Tuesday of March, 1957 ( M a r c h 12, 1957), or until his successor has been elected and has qualified, in accordance with the statutory provision of a biennial term for this officer. TREASURER'S BOND O n motion of M r . Herrick, the amount of the T r e a s u r e r ' s bond was fixed at $5,000,000. O n motion of M r . Nickell, the Finance Committee was instructed to see that the T r e a s u r e r presents a satisfactory bond, in the amount specified above, and to report it to the Board. AUTHORITY TO RECEIVE MONEYS Mr. Livingston 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 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. This resolution was adopted by the following vote: Aye, Mr. Bissell, M r . Herrick, M r s . Holt, M r . Livingston, M r . Megran, M r . Nickell, Mr. Swain, M r s . Watkins, Mr. Williamson; no, none; absent, Mr. Johnston, Mr. Stratton. DELEGATION OF SIGNATURES Mr. Swain 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
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