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Chapter 70: Execution of Instruments

70.020 Execution of Financial Instruments

Bd. Min. 4-11-58, p. 12,512; Bd. Min. 10-21-60, p. 17,500; Amended Bd. Min. 6-30-73, p. 36,737; Amended Bd. Min. 12-7-90; 1-21-98.

In addition to the officials authorized under the General Authority to execute instruments provided in Section 70.010 C, the Vice President for Finance and Administration, or his/her designee is authorized to execute the following instruments in the name of the Curators of the University of Missouri, and in such event the affixing of the corporate seal and attestation of the Secretary shall not be necessary unless otherwise required. The written authorization by the Vice President for Finance and Administration to delegate to one or more designees all or partial authority to sign instruments on his behalf shall be filed with the University President and Secretary of the Board of Curators.

  1. Transfer of Corporate Stock, Bonds or Other Securities—Certificates for transfer of corporate stock, agreements, orders, and directions with reference to the purchase, sale transfer, redemption or exchange of corporate stock, bonds, or other securities owned by The Curators of the University of Missouri or held by it for others, and orders and directions to banks and depositories relating to the money and securities owned by The Curators of the University of Missouri, or held by it for others, on deposit therewith may be executed in the name of The Curators of the University of Missouri, and signed by the Vice President for Finance and Administration, or his/her designees, and the affixing of the corporate seal and attestation of the Secretary shall not be necessary, unless otherwise required.
  2. Receipts for Money—All receipts for money and securities may be executed by the Vice President for Finance and Administration or his/her designees.
  3. Instruments Relating to Gifts and Grants—All contracts, agreements, proposals, applications, and other instruments relating to all gifts and grants.
  4. Facsimile or Manual Signature—All general expense and payroll warrants and checks issued for all divisions of the University may be signed with mechanically fixed facsimile or manual signature of the Vice President for Finance and Administration, or his/her designees and no other signature is required to validate any such warrant or check.

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