| |
| |
Caption: Board of Trustees Minutes - 1974 Version B
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
1973] UNIVERSITY OF ILLINOIS 181 elected members of the Executive Committee, to serve until the next annual meeting of the Board in March 1974, or until their successors shall have been elected. Secretary, Comptroller, University Counsel of the Board President Corbally reported that, in accord with the By-Laws, his advice to the Board of Trustees was that the three incumbents — Earl W. Porter, Secretary of the Board; H. O. Farber, Comptroller of the Board; James J. Costello, University Counsel — be reelected. On motion of Mr. Swain, the nominations were closed, and the Secretary was instructed to cast a unanimous ballot of the Board for the election of Mr. Porter, Mr. Farber, and Mr. Costello as Secretary, Comptroller, and University Counsel, respectively. The ballot was so cast, and the three were declared elected to serve until the next annual meeting of the Board or until their successors shall have been elected. Treasurer of the Board Mr. Swain nominated Mr. R. R. Manchester, a Vice President of the First National Bank of Chicago, as Treasurer of the Board. On motion of Mr. Livingston, the nominations were closed, and the Secretary was instructed to record the unanimous ballot of the Board for Mr. Manchester as Treasurer of the Board for a two-year term in accordance with the statutory provision for a biennial term for Treasurer. The ballot was so cast, and Mr. Manchester was declared elected Treasurer to serve until the annual meeting in March 1975, or until his successor shall have been elected and qualified. TREASURER'S BOND On motion of Mr. Forsyth, the amount of the Treasurer's bond was fixed at $6,000,000. On motion of Mr. Swain, the Finance Committee was instructed to see that the Treasurer presents a satisfactory bond in the amount specified above and to report the same 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 unanimously adopted. DELEGATION OF SIGNATURES Mr. Swain offered the following resolution: 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 as President and Secretary, respectively, to vouchers to be presented to the State Comptroller, and to warrants drawn on the Treasurer of the University, under the following conditions: The President of the Board of Trustees is authorized to delegate to S. M. Stafford, C. O. Parvin, R. N. Parker, and R. H. Suter, in Urbana; to E. F. Lis, C. H. Moody, and Mario Dunn, in Springfield; and to James E Osborn, David W. Bonham, Walter E. Cowart, D. E. Scott, H. O. Albers, and A. W. Catrambone,
| |
