Repository: UIHistories Project: Book - History of the University (Powell) [PAGE 588]

EXTRACTED TEXT FROM PAGE:

Bills and Acts to Establish m Educational Institution

547

election and until his or their successor shall be elected and qualified. At said judicial elections polls shall be opened in the several places of voting throughout the state, for the election of said trustees; and the electors in each grand judicial division may vote for two trustees; and the poll book shall be kept, certified and returned, in the same manner as the vote and poll books for the election of judges; and the several county clerks shall make return of the elections of their several counties in the same manner as they are required to do in the case of circuit judges; and the same shall be certified by the proper officers, and two persons having the highest number of votes of each grand division shall be declared elected. 4. The board of trustees shall elect a president of the institution, who shall also, ex-officio, be president of the board of trustees; and in his absence, or in case of vacancy in his office, the next highest officer of the faculty of the institution shall be ex-officio president of the board of trustees; and the acting president shall have the casting vote. 5. The board of trustees shall appoint a treasurer of the corporation, who shall be the keeper of the funds and moneys of the corporation, and shall give a bond to the board in such sum as shall be fixed by the board or by law, conditioned for the faithful performance of his duties; and such treasurer shall be removable by the board; and the board or the general assembly may require the said treasurer to give a new bond, or furnish additional security, whenever it shall be deemed necessary; and if any new or additional duty shall be required of the treasurer during his continuance in office it shall not release the securities from their liability on the bond, but any one or more of the sureties may at any time be released from any further future liability by giving notice to the board that he or they will not longer be and stand surety upon the said bond; and the board shall thereupon require additional and further satisfactory surety; and in case of the neglect of the treasurer to comply with such requirement the board shall proceed as soon as may be to appoint some other person treasurer in his stead. The treasurer shall be elected annually at such times as shall be fixed by the by-laws, and unless removed, shall hold his office for one year, and until his successor shall b( elected and qualified.