Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 238]

EXTRACTED TEXT FROM PAGE:

1960]

UNIVERSITY OF ILLINOIS

235

purport hereinafter set forth and limited to the aggregate principal amount of Seven Million Nine Hundred Fifty Thousand Dollars ($7,950,000) at any one time outstanding, Five Million Two Hundred Thousand Dollars ($5,200,000) of which shall be designated "The Board of Trustees of the University of Illinois Illini Union and Health Center Bonds of i960, Series A" (hereinafter called "i960 Series A Bonds") and the remaining Two Million Seven Hundred Fifty Thousand Dollars ($2,750,000) principal amount thereof shall be designated "The Board of Trustees of the University of Illinois Illini Union and Health Center Bonds of i960, Series B" (hereinafter called "i960 Series B Bonds"). The Series A Bonds and the Series B Bonds shall be issued as negotiable coupon bonds dated October 1, i960, registrable as to principal in the denominalion of $1,000 or as fully registered Bonds without coupons, dated as of the interest payment date to which interest was last paid, next preceding the date of issue, unless issued on an interest payment date on which interest was paid, in which case they shall be dated as of the date of issue, or unless issued prior to April I, 1061, in which case they shall be dated October I, i960. Each fully registered Bond without coupons shall be of a single maturity. Fully registered Bonds without coupons shall be numbered in such manner as may be designated by the Comptroller and shall be issued in denominations of $1,000 or multiples thereof. Bonds shall bear interest from October 1, i960, payable semi-annually on the first days of April and October in each year until paid, commencing April 1, 1061, at the rates provided below and shall mature in the following amounts on October 1, of the following years:

Maturity Series A Bonds Principal Interest A mount Rate % 90,000 5% 100,000 5% 100,000 5% 110,000 5%

120,000 130,000 140,000 140,000 150,000 160,000 160,000 170,000 170,000

Dates

1963 1964 1965 1966 1967 1968 1969

1970 1971 1972

Series B Bonds Principal Interest Amount Rale

J 50,000 50,000 50,000 60,000 60,000 60,000 60,000 70,000 70,000 70,000 Bo, 0 0 0

3H%

sH% 3H%

3H%

3#%

3^% 3#% 3K% 3J4%

3X%

3X%

3

3)4%

^°

$y*%

1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990

3K%

3>A%

Bo.ooo

90,000 90,000 100,000 1(0,000 110,000 110,000 120,000 120,000 120,000 130,000 130,000 140,000 140,000 150,000 160,000 170,000

iBo.ooo iBo,ooo

180,000 190,000 200,000 210,000 220,000 230,000 240,000 250,000 260,000 270,000 280,000 2Bo,000 290,000

.

3H% 3H% 3K% ZX% oH% ZH% 3H%

7,H%

3H% yA% 3H% 3H% 3H% 3H% SH% 3H% % \ 3H% 3H% 3H% 3H% 3H% 3H%

zrt% sH% VA%

3H% 3H% 3H%

$H%

7>H%

zrt% 2,H%

55,200,000

52,750,000

*HZ° 3H%

The i960 Series A and B Bonds shall be redeemable prior to their maturity at the option of the Board of Trustees, either in whole or in part, on any interest payment date on and after, but not prior to April 1, 1971, in the inverse order in ""Inch they mature, at the principal amount thereof, together with the interest accrued thereon to the date fixed for redemption plus a premium of the following percentages of such principal amount if redeemed during the following periods respectively: