Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 8]

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UNIVERSITY OF ILLINOIS

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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 Board, and to contracts and other documents requiring execution in his absence. 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 State Auditor approved in accordance with the regulations of the Board. And be it further Resolved, that the First National Bank of Chicago as a designated depositary of Irvin L. Porter, 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. Williamson, President, and A. J. Janata, 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 the 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. O n motion of M r . Livingston, this resolution was adopted. OPEN SESSION When the Board convened in open session after luncheon recess, the same members and officers were present as during the forenoon session. The Board resumed consideration of the following reports and recommendations from the President of the University.

INTERNAL OPERATING BUDGET FOR 1 9 5 0 - 1 9 5 1

( i ) I present the University's internal operating budget for all divisions and funds for the fiscal year beginning July I, 1950, and for academic and administrative appointments beginning September 1, 1950. This budget has been prepared by the Provost and the Comptroller in accordance with policies approved by the President and in conference with deans, directors, and other administrative officers. I recommend that: 1. This budget, covering the allocation of the University's operating income from all sources for the year beginning July I, 1950, be approved. 2. The President of the University be authorized, in accordance with the needs of the University and the equitable interests involved and within total income, to (a) make such changes and adjustments as are needed, (b) make such additional appointments as are necessary, subject to the provisions of the University Statutes, and (c) accept resignations. All such changes will be covered in the Comptroller's quarterly financial reports, or in reports to the Board by its Secretary. The budget was discussed by the President, the Provost, the Comptroller, and members of the Board. On motion of Dr. Meyer, this budget was approved, the appropriations were made, and authority was granted, as requested, by the following vote: Aye, Mr. Fornof, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Livingston, Dr. Meyer, Mrs. Watkins, Mr. Williamson; no, none; absent, Mr. McLaughlin, Mr. Nickell, Mr. Stevenson. The complete budget as approved is printed in full in the appendix, page 48.