Holdings Trustees Treasurer Financial Statements Finding Aid Title: Financial Statements, 1897-1908
ID: 1/3/1
Primary Creator: University of Illinois at Urbana-Champaign. Treasurer
Extent: 0.4 cubic feet
Arrangement: Chronological
Subjects: Finance, University Administration
Formats/Genres: Papers
Languages: English
Quarterly Financial Statements of amounts debited and credited to the University's accounts including lists of numbers and amounts of general fund warrants.
The position of treasurer of the Trustees of the Illinois Industrial University was established on March 13, 1867. 1 The Laws of Illinois required that the Board of Trustees elect a treasurer along with establishing the Board. 2 Seven ballots were taken before a treasurer was finally elected.3
In 1978, the amended duties of the treasurer were to be the custodian of funds and securities, to provide a bond of not less than $5,000 for the performance of his duties, and to make detailed reports of his activities when required. The treasurer has no power to invest permanent funds, convert securities, pay out any funds except as directed by the Board, and may not vote upon the awarding of University contracts or the selection of a bank for transactions.4
1. Board of Trustees Transactions, 1st Report, 1867-68, March 13,1867, pp. 22-25.
2. Ibid, p. 6.
3. Ibid., p.25.
4. Board of Trustees Transactions, 59th report, 1976-78, April 12, 1978, p. 589.
URL: https://files.archon.library.illinois.edu/uasfa/0103001.pdf
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