Proceedings of the Board of Regents (1936-1939)

JANUARY MEETING, 1937 151
thereon, or of any other officer or officers, agent or agents of this corporation,
which may be deposited with, or delivered or transferred to, the depositary or
other bank or trust company, or to any other person, firm, or corporation, for the
personal credit or account of any such officer or agent; and the depositary shall
not be liable for any disposition which any such officer or agent shall make of
all or any part of such check, draft, instrument, or order for the payment of
money, or the proceeds thereof, notwithstanding that such disposition may be
for the personal account or benefit or in payment of the individual obligation
of any such officer or agent to the depositary or otherwise.
* * * * * * *
Resolved, That Irving Trust Company of New York City be and hereby is
designated a depository of The Regents of the University of Michigan and that
checks, drafts, notes, bills of exchange, acceptances, or other orders for the
payment of money upon said Irving Trust Company, or payable at any of its
offices, be signed on behalf of this corporation by any one of its following officers,
to wit:
President, Vice-President and Secretary, Controller and Assistant Secretary
Resolved, That said Irving Trust Company be and hereby is authorized
without limit as to amount and without inquiry as to the circumstances of issue
or the disposition of the proceeds even if drawn or endorsed to any signing or
endorsing officer or other officer of this corporation or tendered in payment
of the individual obligation of any such officer or for his credit or for deposit to
his personal account:
1. To accept, certify and/or pay any such instruments or other orders for the
payment of money, whether or not negotiable, so signed and to charge the
same to the account of this corporation or to any account containing funds
of this corporation maintained in the name or names of any officer(s) or
agent(s) of this corporation;
2. To purchase, give credit for, cash and/or pay any instruments or other
orders for the payment of money, whether or not negotiable, payable, or
endorsed to this corporation or to bearer or otherwise, endorsed on behalf of
this corporation by such officer(s) authorized as aforesaid to sign similar instruments or orders on behalf of this corporation.
Resolved, That the secretary and/or any other officer or officers of this corporation be and hereby are authorized to certify to said Irving Trust Company
that these resolutions have been duly adopted and that they are in conformity
with the bylaws of this corporation.
The Board approved the traveling expense vouchers of Regent
Hemans for the period from February 29, 1936, to December 4, 1936,
inclusive, in the total amount of $127.58.
Gifts were received and accepted in accordance with their terms and
conditions and with the thanks of the Regents, to their donors, as
follows:
From Mrs. William H. Gilbert of Grand Rapids, the sum of $50 as a contribution toward expenses of research work being carried on at the University
Hospital by Dr. Frank N. Wilson. It was directed that this gift should be
placed in the gift funds under the title "Heart Station Research," and
should be disbursed on recommendation of Dr. Wilson, in the usual routine.
From the Executive Committee of the President's Birthday Ball Commission the
sum of $1,000 to provide additional funds for the continuation of the work
being carried on at the University Hospital in infantile paralysis research,
for the first six months of the present calendar year. This gift came through
Dr. Max M. Peet and was accompanied by the request on the part of the
Commission for continuance of the quarterly reports of the use made of the
funds (R.P. 1932-1936, p. 820).
Contributions to the G. Carl Huber Memorial fund to a total of $97 were received from the following individuals (p. 117):
Dr. James D. Bruce Dr. Warren P. Lombard
Dr. Moses Cooperstock Dr. Norman F. Miller
Dr. D. M. Cowie Dr. F. G. Novy
Dr. A. C. Furstenberg Dr. W. J. Nungester
Dr. Raphael Isaacs Dr. Bradley M. Patten
Dr. Reuben L. Kahn