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such scholarships. He shall determine any controversy which may arise under this act.
§ 9. Students enjoying the privileges of state scholarships shall, in common with other students of said university, be subject to all the examinations, rules and requirements of the board of trustees and faculty, except as herein provided.
10. Nothing herein contained shall be construed to prevent the Board of Trustees of said University from granting such other free scholarships as, in their discretion, may be deemed best.
APPROVED June 24, 1895. [Sess. L., Ill., 1895, p. 325.]
WATER SURVEY AN ACT to establish a chemical survey of the waters of the
State of Illinois.
SECTION 1. Be it enacted by the People of the State of Illinois represented in the General Assembly, That the Trustees of the Uni. versity of Illinois are hereby authorized and directed to estabish a chemical and biological survey of the waters of the state in connection with said University.
§ 2. It shall be the duty of the University to collect facts and data concerning the water supplies of the state; to collect samples of waters from wells, streams, and other sources of supply; to subject these samples to such chemical and biological examination and analyses as shall serve to demonstrate their sanitary condition, and to determine standards of purity of drinking waters for the various sections of the state, to publish the results of these investigations in a series of reports to be issued annually, or oftener, to the end that the condition of the potable waters of the state may be better known, and that the welfare of the people of the various communities of the state may thereby be conserved.
& 3. For the installation and support of said survey there is hereby appropriated the sum of three thousand (3,000) dollars per annum.
§ 4. The Auditor of State is hereby authorized and directed to draw his warrants quarterly, in advance, on the Treasurer for the sums hereby appropriated, upon the order of the chairman of the Board of Trustees of the University of Illinois, attested by the Secretary, and with the corporate seal of the University: Provided, that no part of said sums shall be due and payable to said institution until satisfactory vouchers, in detail approved by the Governor, shall be filed with the Auditor, for the expenditure of the last quarterly installment of appropriations herein made.
APPROVED, June 7, 1897. [Sess. L. Ill. 1897, p. 12.] UNIVERSITY REIMBURSED FOR DEFALCATION AN ACT to make appropriations for the University of Illinois,
and providing for the management of the funds of said university, and for the protecting the interests of the State in connection therewith.
WHEREAS, Charles W. Spaulding, late treasurer of the Board of Trustees of the University of Illinois, has failed to pay over certain moneys and to deliver certain securities in amounts as follows, viz.: From the fund for operating expenses.
$ 48,146 13 From the fund for building purposes.
44,803 25 From the endowment fund...
456,712 91 AND, WHEREAS, The said former treasurer has conveyed to the University of Illinois certain securities and properties in part satisfaction of his obligations to the University, and there are rival claimants to said securities and properties, and legal proceedings have been commenced to determine the rights of said claimants, and an action at law has been instituted to enforce the liability of the sureties upon the official bond of the said former treasurer; and,
WHEREAS, Certain of the endowment bonds of the University have been recovered but cannot be used for current expenses; and,
WHEREAS, The University is without means to pay the ordinary expenses to the end of the present fiscal year, and innumerable legal claims are coming against the university which must be speedily met or the university will be involved in great embarrassment and the state put to additional loss; and,
WHEREAS, The endowment fund of the University arose from the sale of lands granted to the State of Illinois by the general government, and which the state accepted upon the condition and agreement that said fund should be invested in bonds and stocks as a perpetual fund, which fund should be invested as to yield not less than five per cent. per annum, and upon the .further condition that if any portion of said fund shall be lost or diminished it should be replaced by the state;
Therefore, in order that the interests of the state may be protected in the future and the needs of the university provided for, and that it be relieved from present embarrassment:
SECTION 1. Therefore, Be it enacted by the People of the State of Illinois, represented in the General Assembly, That the endowment fund and all other moneys of the university in the hands of the former treasurer, and not accounted for and paid over to his successor in office, shall be paid into the state treasury and credited to the general fund of the state as rapidly as the same can be recovered; and all securities which may be reclaimed, or such as may be secured in place of those lost, shall be converted into cash as soon as practicable, and at the best price obtainable, and shall be paid into the state treasury. And hereafter, when lands received by the state from the general government and held by the university shall be sold, the purchase price shall be paid forthwith into the state treasury.
§ 2. The state hereby charges itself with liability for the endowment fund of the University, amounting to $456,712.91, and for so much in addition as may be received in the future from the sale of lands, as aforesaid, and will pay the university inter est thereon at the rate of five per cent. per annum.
§ 3. The sum of twenty-five thousand (25,000) dollars per annum, or so much thereof as may be necessary, is hereby appropriated to pay the interest on said endowment as aforesaid. The amount of interest due on said fund shall be paid to the treasurer of the university semi-annually, on the first days of January and July in each year, on the order of the chairman and secretary of the Board of Trustees.
§ 4. That the sum of $48,146.13 be and the same is hereby appropriated to the University to reimburse it for the appropriations for operating expenses due from the late treasurer and not paid in, and that the further sum of $44,803.25 be and the same is hereby appropriated to the University to reimburse the fund for erecting the library building due from the late treasurer and not paid in, and that said sums be paid to the treasurer of the University on the order of the chairman and the Board of Trustees: Provided, that no part of these appropriations shall be payable until a sufficient sum has been paid into the state trea
sury from funds heretofore belonging to the University to meet the same, as herein above provided.
§ 5. The Governor, Auditor of Public Accounts and State Treasurer shall have, and they are hereby given, full power and authority to collect from any and all persons from whom any of said funds herein above named may be due, to receive any bond or other securities hereto belonging to the University, or which may be turned over to the board of trustees in payment of said endowment fund, or as a part thereof, and to sell and to dispose of the same, and to carry into full force and effect all the provisions of this act. And it shall be their duty to take any steps they may deem proper to protect the interests of the University of the State of Illinois in reference to the funds aforesaid.
8 6. The sum of five thousand (5,000) dollars, or so much thereof as may be necessary, is hereby appropriated to pay the expenses of legal or other proceedings which have been or may hereafter be instituted to secure the best interests of the stato or of the University in the premises.
% 7. The Auditor of Public Accounts is hereby authorized and directed to draw his warrant on the Treasurer for the sums hereby appropriated, payable out of any money in the treasury not otherwise appropriated, upon the order of the Board of Trustees of said University attested by its secretary and with the corporate seal of the University: Provided, that no part of said sum shall be due and payable to said University until satisfactory vouchers in detail, approved by the Governor, shall be filed with the Auditor for all previous expenditures incurred by the Uni. versity on account of the appropriation heretofore made: And, provided further, that vouchers shall be taken in duplicate, and original or duplicate vouchers shall be forwarded to the Auditor of Public Accounts for the expenditures of the sums appropriated in this act.
8. By reason of the facts recited, the legislature deems that an emergency exists, and this act shall be in force from and after its passage, but the board of trustees shall draw money from the state treasury only to such an extent as may be reasonably necessary to meet obligations properly incurred on account thereof.
APPROVED, June 11, 1897. [Sess. L., Ill., 1897, p. 72.]
CERTIFIED PUBLIC ACCOUNTANTS
SECTION 1. Be it enacted by the People of the State of Illinois represented in the General Assembly, That any citizen of the United States or person who has duly declared his intention of becoming such citizen, having a place for the regular transaction of business as a professional accountant in the State of Illinois, being over the age of twenty-one years, of good moral character, being a graduate of a high school with a four years' course, or having had an equivalent education, and who shall have received from the University of Illinois a certificate of his qualifications to practice as a public expert accountant as hereinafter provided, shall be styled and known as a “Certified Public Accountant,” and no other person shall assume such title or use the abbreviation, "C. P. A.," or any other words or letters to indicate that the person using the same is a certified public accountant.
[This section, by an act of the General Assembly, approved May 25, 1907, in force July 1, 1907. (Sess. L., Ill., 1907, p. 472) was amended by adding the following at the end: Provided, that the annual examinations in the months of May 1908, and May 1909, as fixed by the rules of the University shall be opened to all applicants without regard to preliminary educational requirements.]
§ 2. The University of Illinois shall determine the qualifications of persons applying for certificates under this act, and shall make rules for the examination of the same, and for this latter purpose shall appoint three examiners, at least two of whom shall be skilled in the practice of accounting and actively engaged therein in the State of Illinois, and the third shall be either an accountant of the grade herein described or an attorney skilled in commercial law. The time and place of holding the examinations shall be duly advertised, for not less than three consecutive days, in one daily newspaper published in each of the places where the examinations are to be held, not less than thirty days prior to the date of each examination. The examination shall be in "Theory of Accounts,”“Practical Accounting” “Auditing” and “Commercial Law” as affecting accountancy. The examinations shall take place as often as may be necessary in the opinion of the University, but not less frequently than once a year.