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Caption: Board of Trustees Minutes - 1962 This is a reduced-resolution page image for fast online browsing.
![](https://uihistories.library.illinois.edu/REPOSITORYCACHE/35/8Yrw7QdPj4OElQKUp9l59V9LA0G28D77y4tESIK1Q5TSQ8DcTlMt4HGI4x0PFj82EeIhVHHou3H6NKA1aexv7RfiYRzBeRfg5q487R60oSF_30610-1466.jpg)
EXTRACTED TEXT FROM PAGE:
1464 Year of Maturity 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 Amount 20,000 20,000 20,000 30,000 30,000 30,000 40,000 40,000 40,000 50,000 50,000 50,000 50,000 50,000 50,000 60,000 60,000 60,000 BOARD OF TRUSTEES Year of Maturity 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 [May 24 Amount 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 60,000 70,000 70,000 70,000 70,000 70,000 80,000 80,000 300,000 J2,100,000 Interest Rate 3.70% 3.70% 3.70% 3.70% 3.70% 3.70% 3.70% 3.70% 3.70% 3.70% 3.80% 3.80% 3.80% 3.80% 3.80% 3.80% 3%% Interest Rate 3J4% 3H% 3H% 3M% 3}4% 3\i% 3]4% 3M% 3V2% 3]/2% 3*3% 3V2% 3V2% 3^% 314% 3H% 3Y2% 3V2% The 1962 Series A Bonds shall be redeemable prior to their maturity at the option of the Board of Trustees, either in whole or in part, on April 1, 1972, or on any interest payment date thereafter in the inverse order in which they mature at the principal amount thereof plus accrued interest to the date of redemption plus a premium of the following percentages of such principal amount it redeemed during the following periods respectively: Period of Redemption April 1, 1972 through October 1, 1976 April 1, 1977 through October 1, 1981 April 1, 1982 through October 1, 1986 April 1, 1987 through October 1, 1991 April 1, 1992 or thereafter prior to maturity Applicable Premium 3% 2% IH% 1% None All redemptions shall be made in the manner, upon the notice, and with the effect provided in Article Three of the Original Resolution. SECTION 2.3. Payment of Principal and Interest. Both the principal of and the interest on the 1962 Series A Bonds shall be payable in any coin or currency which, on the respective date of payment of such principal and interest, is legal tender for the payment of debts due the United States of America, at The First National Bank of Chicago, or its successor, in the City of Chicago, Illinois, or, at the option of holders at The Chase Manhattan Bank, or its successor, in the Borough of Manhattan and City and State of New York. SECTION 2.4. Form of Bonds. The definitive coupon Bonds of 1962 Series A, the interest coupons to be attached thereto, the form of fully registered Bonds without coupons of 1962 Series A, shall be in substantially the following forms with appropriate insertions, omissions and variations to evidence differences in series, number, interest rate, maturity and like matters: ( F o r m of Coupon Bond) U N I T E D STATES OF AMERICA STATE OF ILLINOIS T H E BOARD OF T R U S T E E S OF T H E UNIVERSITY OF I L L I N O I S H O U S I N G R E V E N U E B O N D O F 1962 (Series A ) Number $1,000 T H E B O A R D O F T R U S T E E S O F T H E U N I V E R S I T Y O F ILLINOIS, a body corporate, created and existing under the laws of the State of Illinois, for value received promises to pay to bearer, but only out of the Housing Revenue Bond Fund, as hereinafter provided for, and not otherwise, the principal sum of O N E T H O U S A N D D O L L A R S ($1,000), on October 1, 19 , and to
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