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Caption: Board of Trustees Minutes - 1992
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1993] UNIVERSITY OF ILLINOIS 271 distinguished former members of the Board of Trustees; and for distinguished members of the University faculty, especially those who were identified with some phases of student life outside the classroom. (d) Buildings and other campus facilities may be named for deceased or retired former members of the University faculty in accordance with guidelines issued by the President of the University. Living former members of the faculty must have been retired from the University of Illinois for at least ten years. (e) Buildings may be named for distinguished persons in the public life of the state or nation. (f) Except as provided for in (a), (c), or (d) above, buildings and other campus facilities shall not be named for living persons. (g) Plaques or tablets may be installed in buildings in recognition of distinguished members of the university staff whose services were identified with the functions of said buildings with the approval of the appropriate Chancellor or the Chancellor's designee. (h) The designation of names of buildings, streets, and drives shall be exclusively within the authority of the Board of Trustees. A building name may include a designation such as auditorium, center, gymnasium, hall, institute, school, or laboratory. On motion of Ms. Reese, this amendment was approved. By consensus, the board agreed that one roll call vote would be taken and considered the vote on each agenda item nos. 19 through 41 inclusive. The recommendations were individually discussed but acted upon at one time. (The record of board action appears at the end of each item.) Auxiliary Facilities System, Series 1993 Revenue Bonds (19) The board, at its meeting on May 14, 1993, took a number of actions leading toward the issuance of revenue bonds to finance improvements and enhancements to the Auxiliary Facilities System. These included authorizations to: 1. Employ John Nuveen 8c Co., Inc., as financial advisor; 2. Employ Chapman and Cutler as bond counsel; 3. Engage Morgan Stanley & Co., Inc., as senior managing underwriter; 4. Prepare a Preliminary Official Statement, a supplementary Bond Resolution and any other documents needed to issue bonds; and 5. Seek and secure ratings from the rating agencies and to obtain bond insurance if beneficial economically. Since May 14, University staff, working in concert with the financial advisor, bond counsel, senior managing underwriter, and underwriter's counsel, have: 1. Prepared an Official Statement and a Bond Resolution for the Board of Trustees of the University of Illinois Auxiliary Facilities System Revenue Bonds, Series 1993 (the "Bonds"); 2. Engaged the firms of William Blair 8c Company, The Chicago Corporation, Clayton Brown & Associates, Inc., Rodman 8c Renshaw, Inc., Melvin Securities Corporation, and Smith Mitchell Investment Group, Inc., to assist in marketing the bonds; 3. Contacted the bond rating agencies and the municipal bond insurance companies; and 4. Developed a recommended structure for the bond issue. It is estimated that a par amount of Series 1993 bonds in the original principal amount of $44,925,000 will be issued and that the total sources and uses of funds will approximate:
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