Veritas, Vol. 02, No. 10, November 27, 1961

              1	UNIVERSITY QF MIAMI	
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November 27, 1961
Office of Public Information
Vol. 2
No. 10
TRUSTEES CREATE CHANCELLORSHIP FOR DR. PEARSON;
START SEARCH FOR HIS SUCCESSOR AS PRESIDENT
President Pearson will become Chancellor of the University at the end of the fiscal year, May 31, 1962, provided a successor of recognized stature as an educator has been obtained as President by that date. As announced following a meeting of the Board of Trustees last Monday, a committee of the Trustees will be appointed at the next meeting of the Board, December 5, by Chairman Daniel J. Mahoney, to search for a president.
The committee of the Board will seek advice from a committee of the Deans and a committee of the Faculty.
After being apprised of the resolution, President Pearson issued the following statement:
*fI have from time to time reminded the members of our Board of Trustees that I have served the University of Miami over a span of 36 years and that they must begin to think of my retirement at 63. This action gives them the opportunity to obtain the finest, most experienced leadership which the University merits and must have over the years to come.
f,This community deserves one of the great independent universities of America. We are steadily progressing toward achievement of that stature. The role of Chancellor will give me the opportunity to devote my efforts to building resources for the tremendous challenges and opportunities ahead for this university.*’
Following is the text of the resolution adopted by the Board, November 20:
RESOLUTION CREATING THE OFFICE OF CHANCELLOR OF THE UNIVERSITY OF MIAMI
WHEREAS, Article VII of the Charter of the University of Miami provides that the government of the affairs of the university shall be vested in a board of trustees and Article XIV guarantees the university the power to elect or appoint such officers and agents as its affairs shall require and allow them reasonable compensation and to exercise all powers necessary or convenient to effect all or any of the purposes for which the University of Miami was organized; and
WHEREAS, Dr. Jay F. W. Pearson has served the University of Miami loyally and faithfully for approximately thirty-six years, the last eight years being served by him as president of the university; and
WHEREAS, the board of trustees feel that his services have been so excellent that he should be awarded the highest honor possible for the university to give him, that of chancellor of the university;
NOW, THEREFORE, BE IT RESOLVED By the board of trustees in meeting duly assembled that the office of Chancellor of the University of Miami is hereby created and Dr. Jay F. W. Pearson is appointed as chancellor with a salary equivalent to that he is now receiving as president, together with all other emoluments which he has been receiving heretofore as president, such appointment to be effective upon the election of a successor president.
BE IT FURTHER RESOLVED that the term of office of chancellor shall be one year from the date of each annual meeting of the board of trustees.
BE IT FURTHER RESOLVED that the said Dr. Jay F. W. Pearson shall hold the office of president until the end of the present fiscal year, May 31, 1962, and until his successor is elected and qualified.
— DANIEL J. MAHONEY
Chairman of the Board of Trustees