Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 513]

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BOARD OF TRUSTEES

[January 18

election of Mr. Forsyth and Mrs. Rader to die Executive Committee. The ballot was so cast, and Mr. Forsyth and Mrs. Rader were declared elected members of the Executive Committee, to serve until the next annual meeting of the board in January 1979, or until their successors shall have been elected.

Secretary, Comptroller, and University Counsel of the Board

President Corbally reported that, in accord with the Bylaws, his advice to the Board of Trustees was that the three incumbents — Earl W. Porter, secretary of the board; Ronald W. Brady, comptroller of the board; and James J. Costello, university counsel — be reelected. Mr. Neal moved that a unanimous ballot be cast, and the three incumbents be reelected. The nominations were closed, a unanimous ballot was so cast, and the three incumbents — Mr. Porter, Mr. Brady, and Mr. Costello — were declared elected secretary, comptroller, and university counsel of the board, respectively, to serve until the next annual meeting of the board in January 1979, or until their successors shall have been elected.

Delegation of Signatures The following resolution was offered:

Resolved that the president of the Board of Trustees is authorized to delegate to such individuals as the president 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 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 the secretary may designate from time to time authority to sign his name as secretary of the Board of Trustees to vouchers presented to the state comptroller and to warrants on the university treasurer covering vouchers approved in accordance with regulations of the board. Be It Further Resolved that the First National Bank of Chicago as a designated depositary of R. R. Manchester, treasurer of this corporation, be and it (including its correspondent banks) is hereby requested, authorized, and directed to honor checks, drafts, or other orders for the payment of money drawn in this corporation's name, including those drawn to the individual order of any person or persons whose name or names appear thereon as signer or signers thereof, when bearing or purporting to bear the facsimile signature of the two following: president and secretary; and the First National Bank of Chicago (including its correspondent banks) shall be entitled to honor and to charge this corporation for all such checks, drafts, or other orders, regardless of by whom or by what means the facsimile signature or signatures thereon may have been affixed thereto, if such facsimile signature or signatures resemble the facsimile specimens duly certified to or filed with the First National Bank of Chicago by the secretary or other officer of this corporation. And Be It Further Resolved that the state comptroller is hereby authorized and directed to honor vouchers bearing facsimile signatures of the president and secretary of the Board of Trustees of the University of Illinois if such facsimile signatures resemble the facsimile specimens duly certified to or filed with the state comptroller by the secretary.