Repository: UIHistories Project: Board of Trustees Minutes - 1974 Version B [PAGE 36]

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BOARD OF TRUSTEES

[July 19

space comprising the entire third floor of the St. Mary's Convent, 2035 West Taylor Street, Chicago. The rental is $9,167 for an eleven-month period beginning August 1, 1972, through June 30, 1973, with an option to renew on an annual basis. This lease will be payable in monthly installments of $833 beginning August 1, 1972, through May 31, 1973, and $837 payable on June 1, 1973. All utilities are provided except electricity which will be paid by the University. Funds for the rental are available in the operating budget of the School of Public Health.

On motion of Mr. Howard, authority was given as requested, by the following vote: Aye, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Hughes, Mr. Karnes, Mr. Pogue, Mr. Swain; no, none; absent, Dr. Bakalis, Mr. Neal, Governor Ogilvie, Mr. Steger.

LEASE OF LAND FOR SELF-SERVICE POSTAL UNIT. URBANA

(34) The President of the University, with the concurrence of appropriate administrative officers, recommends entering into an agreement with the United States Postal Service for leasing approximately 400 square feet of land on the east side of Mathews Avenue between Gregory Drive and Nevada Street for a self-service postal unit to serve the Urbana campus. The lease would be for a term of five years at an annual rental of one dollar and would provide for renewal on an annual basis thereafter at the same rental rate subject to the right of cancellation by the University. It is further recommended that authorization be given to the Comptroller and the Secretary of the Board to execute the lease agreement and any renewals thereof on behalf of the Board of Trustees. O n motion of M r . Karnes, this recommendation was approved and authority was given as requested.

SELECTION OF AMERICAN NATIONAL BANK & TRUST CO. OF ROCKFORD, ILLINOIS, AS A DEPOSITARY

(35) The Vice President and Comptroller recommends the selection of the American National Bank & Trust Co. of Rockford, Illinois, as an additional depositary for the Medical Service Plan funds for the Rockford School of Medicine. I concur and recommend the adoption of the following resolution. Be It Resolved, That the American National Bank and Trust Co., Rockford, 111., be and is hereby designated a depositary of the funds of this corporation and that any officer of this corporation be and is hereby authorized for and on behalf of this corporation, to open and maintain an account or accounts with said Bank and make such arrangements for the conduct thereof as to him shall seem proper; and that any officer, employee or agent of this corporation be and is hereby authorized to deposit the funds of this corporation therein and endorse for deposit negotiable instruments and orders for the payment of money, which endorsements may be made in writing or by a stamp with or without designation of the person so endorsing; in the absence of any such endorsement, said Bank be and is hereby authorized to make such endorsement itself for deposit in the name of this corporation, and that on all such items deposited, all prior endorsements are guaranteed by this corporation whether or not an express guaranty is incorporated in such endorsements. And Be It Further Resolved that any 1 of the following, Robert L. Evans, M.D., Richard C. Peters, or L. P. Johnson, M.D. are hereby authorized to sign any and all checks, drafts, and orders, including orders or directions in informal or letter form withdrawing funds from any account of this corporation, and said Bank is hereby authorized and directed to honor and pay any and all checks, drafts, or orders so signed and drawn and charge them to the account or accounts of this corporation, without inquiry as to the circumstances of their issue or the disposition of their proceeds, whether such checks be payable to the order of or endorsed or negotiated in their individual capacities, or deposited to the individual credit of any officer or person signing them, or any other person or officer, and without inquiry in regard to the use of said checks, drafts, or orders, or the proceeds thereof by such officers or persons; and to endorse for negotiation, negotiate, and receive the proceeds of any negotiable instrument, check, draft, or order for the payment of money payable to or belonging to this corporation.