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Resolutions of
The Board of Trustees
Lincoln University, PA
RESOLUTION 1444
Saturday, April 19, 2003
| INVESTMENT COMMITTEE BY-LAW AMENDMENT |
WHEREAS, In agreement with Article V, Board of Trustees, “Committees of the Board,” it has been deemed necessary to establish a full standing Committee on Investments to provide appropriate guidance to the University regarding investment opportunities; and
WHEREAS, It is the recommendation of the Ad Hoc Committee on By-Laws that the responsibilities and duties of the Business Affairs Committee as acknowledged in Article V Section 7, Item C, be reallocated to the newly established Investment Committee and further, that the language be permanently stricken from the Board of Trustees By-Laws document; and
WHEREAS, It is the recommendation of the Ad Hoc Committee on By-Laws that Article V be appropriately amended to include as Section 17 a provision that establishes a new Board Committee on Investments, with the authority, duties, and responsibilities outlined in the attached document entitled Addendum to Article V “Committees of the Board," and
WHEREAS, In agreement with the actions taken by the Board of Trustees on February 15, 2003 in voting unanimously to establish a standing Committee on Investments, it is hereby
RESOLVED, That the Board of Trustees By-Laws be amended to authorize
a Committee on Investments, effective April 19, 2003.
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