Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 1163]

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UNIVERSITY OF ILLINOIS

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(e) "Business Manager": The Business Manager of the Athletic Association of the University of Illinois. (f) "Business Office": The Business Office of the University of Illinois. (g) "Treasurer": The Treasurer of the Athletic Association of the University of Illinois. (h) "Comptroller": The Comptroller of the University of Illinois. SECTION 2. The members of the Athletic Association of the University of Illinois shall consist of the Board of Directors of said Association.

ARTICLE IV. GOVERNMENT

SECTION I . The government of the Association shall be vested in the Board as created and existing pursuant to the conditions provided in the Articles of Incorporation issued by the State of Illinois, under date of February 21, 1890, and as amended January 13, 1920, and amended March 11, 1922. In carrying out its duties the said Board shall conform to any requirements or regulations imposed by the Trustees.

ARTICLE V. BOARD OF DIRECTORS

SECTION I . The Board shall consist of seven members to be elected annually by the Trustees at their annual March meeting upon recommendation of the President of the University, four from members of the faculty of the University of Illinois, and three from members of the Alumni Association of the University of Illinois. SECTION 2. Any vacancy occurring in the Board shall be temporarily filled by the President of the University until the Trustees at their next meeting shall elect the successor who shall serve the remainder of the term during which the vacancy occurs. SECTION 3. The Board shall organize at their first meeting in April and elect from their own membership the following officers: a President, a Vice-President, and a Secretary, whose duties shall be the usual ones pertaining to such offices, and who shall hold office until their successors are duly elected and qualified. The Board shall also elect a Treasurer and another person as Business Manager whose duties shall be as hereinafter stated. These officers shall also be the corresponding officers of the Association. The Board shall appoint a Director of Intercollegiate Athletics who may serve as Director of the School of Physical Education. SECTION 4. The Board may appoint such committees as it may consider necessary for conducting the affairs of the Board. SECTION 5. Suitable and adequate bonds of suretyship shall be given by the Treasurer and by the Business Manager and such officers as deemed advisable b y the Board, covering the faithful performance of their duties, these bonds to be approved by the Board and filed with the Trustees. SECTION 6. The Board, subject to the conditions hereinafter provided and to any rules or regulations which the Trustees may adopt concerning the same, shall handle and control all property belonging to the Association or placed in its custody by the Trustees, to collect, handle, and disburse all funds of the Association, and perform such other duties as are necessary in governing the Association or are assigned to it by the Trustees.

ARTICLE VI. FINANCIAL PROCEDURE

SECTION I . Budget. The Director of Intercollegiate Athletics shall prepare in a form provided by the Trustees an annual budget of the Association showing proposed expenditures and anticipated income. This budget shall indicate the names, positions, tenure, and-salaries of all coaches, trainers, and other regular employees. This budget, when approved by the Board shall be transmitted to the President of the University, for submission to the Trustees, with his recommendation, for consideration and approval by the Trustees, and upon such approval it shall constitute the basis for the expenditures of the Association for the succeeding year. SECTION 2. Deposit of Funds. The Board shall designate one or more depositories in which funds of the Association shall be deposited to the credit of the Treasurer, to be disbursed in the manner hereinafter provided. Such money shall be collected and accounted for in a manner approved by the Business Office. SECTION 3. Tickets. The purchase and sale of tickets shall be conducted by the Association in accordance with the procedure approved by the Board and the Trustees. All tickets for any contest remaining unsold shall be preserved by the