UNIVERSITY OF PITTSBURGH POLICY 01-03-03

CATEGORY:               ADMINISTRATION
SECTION:                   University Governance
SUBJECT:                  Execution of Instruments
EFFECTIVE DATE:    July 23, 2001 Revised
PAGE(S):                    1

I.    SCOPE

      This policy affirms the right of the Board of Trustees to authorize the execution of

      instruments.  The following is excerpted from the University of Pittsburgh BYLAWS.  (See

      Appendix A.)

II.   POLICY

      The Board may authorize any person to sign contracts and other instruments on behalf of

      the University.

      Any such person, if authorized to do so by the Board, may delegate all or part of such

      authority to any other person or persons by instrument in writing.

      Nonetheless, any instrument executed on behalf of the University by its Chairperson,

      Chancellor and Chief Executive Officer, Provost, any Vice Chancellor, or Executive

      Assistant Chancellor, Treasurer, or any Assistant Treasurer, and attested by its Secretary

      or any Associate or Assistant Secretary shall be binding upon the Corporation.

III.  REFERENCE

      University of Pittsburgh of the Commonwealth System of Higher Education - BYLAWS,

      Article IV, "Execution of Instruments," Adopted by the Board of Trustees, January 14, 1969,

      and as amended thereafter.