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Caption: Board of Trustees Minutes - 1976
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202 BOARD OF TRUSTEES [March 19 election of Mr. Ronald W. Brady as Comptroller and for Mr. James J. Costello as University Counsel. T h e ballots were so cast, and Mr. Brady and Mr. Costello were declared elected Comptroller and University Counsel, respectively, to serve until the next annual meeting of the Board in M a r c h 1976, or until their successors shall have been elected. Treasurer of the Board Mr. H a h n nominated Mr. R. R. Manchester, a Vice President of the First National Bank of Chicago, as Treasurer of the Board. O n 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. T h e ballot was so cast, and Mr. Manchester was declared elected Treasurer to serve until the annual meeting in M a r c h 1977, or until his successor shall have been elected and qualified. TREASURER'S BOND O n motion of Mr. H a h n , the amount of the Treasurer's bond was fixed at $6,000,000. O n motion of Mr. H a h n , 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. H a h n 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. H a h n offered the following resolution: Resolved that the President of the Board of Trustees is authorized to delegate to such individuals as he may designate from time to time authority to sign his name as President of the Board of Trustees to vouchers presented to the State Comptroller and authority to sign his name as President of the Board of Trustees to vouchers presented to the State Comptroller and authority to sign his name to warrants on the University Treasurer covering vouchers approved in accordance with regulations approved by the Board; and Resolved further that the Secretary of the Board of Trustees is authorized to delegate to such individuals as he may designate from time to time authority to sign his name as Secretary of the Board of Trustees to vouchers presented to the
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