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ANNUAL MEETING QF THE BOARD OF TRUSTEES OF THE TRUSTEES OF PURDUE UNIVERSITY
Executive Building October 19, 1949
Ii. NOTICE OF MEETING.
The Board of Trustees of The Trustees of Purdue University convened in annual meeting in toe Trustees' Room of toe Executive Building of Purdue Uni¬ versity at 9^30 a.m., Wednesday, October 19, 1949, pursuant to the following no-tice sent to each member of tiie Board ty toe Secretory on October 5, 1949:
In accordance wito toe pro-visions of the ty-Laws, toere -win be an annual meeting of toe Board of Trustees of The Trustees of Purdue Uni¬ versity on Wednesday and Thursday, October 19-20, 1949, convening at 9:30 a.m., Wednesday, October 19, 1949, in the Trustees' Room of toe Executive Building of toe University, in order to:  .
1. Elect officers of toe Board for the biennium 1949-1951;
2. Consider toe fonowing amendment to toe ty-Laws of The Trustees of Purdue University (preliminary draft):
ARTICLE IV Duties of Officers
Section 5. Duties of toe Treasurer. The Treasurer shall be a resi¬ dent of Tippecanoe County, Indiana, and shall give a bond in the sum of $300,000 to toe appro-val of toe Board, for toe faitoful performance of his duties and in accoixiance -wito Chapter 34 of the Acts of toe General Assembly of 1891. The bond so given shan be recorded by toe Secretary, and shall toen be deposited wito toe President of toe Board, who. is herety charged wito its safekeeping. In toe performance of his duties, the Treasurer shall be responsible for carrying into practice toe approved financial poncies of toe Board of Trustees; he shan maintain an audit office separate from any otoer administrative business office; he shan serve as a member and as Secretaiy of toe Investment Committee and shall manage all inves-tments and trusts as autoorized ty the Inves-t¬ ment Committee} he shall endorse all checks and drafts, receive, have custody of and manage all funds from whatever source derived, and shall deposit an fvmds in the name of Purdue University in depositories desig¬ nated ty toe Board or otoer lawful autoority. An such ftmds shan be subject to witodrawal ty designated officers of toe University.
Under the general supervision of toe President of toe University, the Treasurer shan perform toe administrative duties involved in toe transaction of all business affairs affecting the University. He shall organize a s-taff for toe conduct of business under such aides as shan be necessary to pro-vide for:
a. Fiscal operations involved in conecting income and dis¬ bursing funds, exercising budgetary control including ap¬ proving of requisitions consistent wito toe approved budget, accounting and financial reporting, purchasing, mainteining and operating toe physical plant, and managing toe business affairs of auxiliary and service enterprises.