Caption: Board of Trustees Minutes - 1954
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584 BOARD OF TRUSTEES [March 25 are signed by the Comptroller and the Secretary of the Board. T h e Board has previously authorized certain deputies to act for these officers. At the Chicago Professional Colleges funds must be held in reserve, under the provisions of the revenue bond indenture for financing the student and staff housing projects, which may be invested. In addition, certain funds accumulate under the escrow agreement with the city of Chicago for the lease of the Navy Pier which may also be invested. Investments of both funds are limited to government securities. It will simplify procedures if additional deputies in Chicago are authorized to act for the Comptroller and the Secretary of the Board. Therefore, adoption of the following resolution is recommended by the Comptroller and the Secretary: WHEREAS, under the rules of the Board of Trustees, orders for the purchase and sales of securities addressed to the First National Bank of Chicago as safekeeping agent and investment counsel, are signed by the Comptroller and the Secretary of the Board; and WHEREAS, it is desirable that deputies be appointed to act for these officers; Therefore be it resolved, that A. J. Janata, Secretary of the Board of Trustees, is authorized to delegate to Everett G. Smith, Executive Clerk in the President's Office, to Maude Archdeacon, Chief Clerk in the Board of Trustees' Office, and to G. R. Moon, Examiner and Recorder for the Chicago Professional Colleges, authority to sign his name to orders for purchase and sale of securities as approved by this Board or by its committees acting under due authority; and that Lloyd Morey, Comptroller, is authorized to delegate to C. C. DeLong, Bursar, H . O. Farber, Assistant Comptroller, and H . A. Hazleton, Business Manager at the Chicago Colleges and Divisions, authority to sign his name to such orders under the same circumstances. On motion of Mr. Johnston, this resolution was adopted. APPOINTMENT TO BOARD O F TRUSTEES O F UNIVERSITY RETIREMENT SYSTEM President Livingston designated Mr. Cushman B. Bissell to serve as a member of the Board of Trustees of the University Retirement System of Illinois during his present term (1953 to 1959) as a Trustee of the University of Illinois. STANDING COMMITTEES FOR 1 9 5 3 - 1 9 5 4 President Livingston appointed the following standing committees of the Board for 1953-1954: Agriculture W I R T HERRICK, Chairman MRS. DORIS S. HOLT HERBERT B. MEGRAN Chicago Departments MRS. FRANCES B. W A T K I N S , Chairman CUSHMAN B. BISSELL HAROLD E. GRANGE Alumni CUSHMAN B. BISSELL, Chairman HAROLD E. GRANGE MRS. FRANCES B. W A T K I N S Finance HERBERT B. MEGRAN, Chairman W A Y N E A. JOHNSTON MRS. FRANCES B. W A T K I N S General Policy Athletic Activities ROBERT Z. H I C K M A N , Chairman HAROLD E. GRANGE W I R T HERRICK W A Y N E A. JOHNSTON, Chairman ROBERT Z. H I C K M A N HERBERT B. MEGRAN Nonacademic Personnel Buildings and Grounds HERBERT B. MEGRAN, Chairman CUSHMAN B. BISSELL W I R T HERRICK MRS. DORIS S. HOLT MRS. FRANCES B. W A T K I N S HAROLD E. GRANGE, Chairman ROBERT Z. H I C K M A N MRS. DORIS S. HOLT Patents ROBERT Z. H I C K M A N , Chairman W I R T HERRICK MRS. DORIS S. H O L T
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