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Caption: Board of Trustees - Bylaws 1951
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13 lelivery thereof, whenever required and with such security as may be approve i by the Board. Such bond shall be in such amount as th< Board may require from time to time, but not for less than five hundred thousand dollars. He shall not have authority to invest any permanent funds or convert any securities in his hands, except as directed by tin Board. He shall pay out of any funds, such sums only as shall be represented by warrants signed by the President of the Board and countersigned by the Recording Secretary of the Board. He shall make a detailed report to the Board of all securities held by him and of all receipts and disbursements annually, 01 oftener when required, beginning with tin balances shown in last report. SEC. 5. President of the University I ho Pre ident of the University shall bo the official adviser and 1 xecutiv. ag< tit of ihe Board. H shall br ex-officio a meml n- 1 < 1 ^ ^ W II committees, lb- shall attend all rneettn:
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