UIHistories Project: A History of the University of Illinois by Kalev Leetaru
N A V I G A T I O N D I G I T A L L I B R A R Y
Bookmark and Share



Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 864]

Caption: Board of Trustees Minutes - 1936
This is a reduced-resolution page image for fast online browsing.


Jump to Page:
< Previous Page [Displaying Page 864 of 1023] Next Page >
[VIEW ALL PAGE THUMBNAILS]




EXTRACTED TEXT FROM PAGE:



i936l

STATE OF ILLINOIS 1 COUNTY OF C H A M P A I G N |

UNIVERSITY OF ILLINOIS

sg

86l

I, Anna L. Neuber, Notary Public in and for the County of Champaign, in the State of Illinois, aforesaid, do hereby certify that O. M. Karraker, President of The Board of Trustees of the University of Illinois, a public corporation in the State of Illinois, and H. E. Cunningham, Secretary of T h e Board of T r u s tees of the University of Illinois, personally known to me to be the same persons whose names are subscribed to the foregoing instrument as such President and Secretary, respectively, appeared before me this day in person and acknowledged that they signed and delivered the said instrument as their own free and voluntary act, and as the free and voluntary act of T h e Board of Trustees of the University of Illinois for the uses and purposes therein set forth and the said Secretary did also then and there acknowledge that he, as custodian of the corporate seal of said corporation, did affix the said corporate seal of the corporation aforesaid to said instrument as his own free and voluntary act, and as the free and voluntary act of the said corporation for the uses and purposes in such contract set forth. Given under my hand and notarial seal this 28th day of July, 1936.

A N N A L . NEUBER,

Notary My commission expires Feb. 11, 1939. (Notarial Seal)

Public

EXHIBIT II CONSTRUCTION FUND AGREEMENT A G R E E M E N T (herein called the "Construction Fund Agreement") dated the 7th day of April, 1936, by and between T H E B O A R D OF T R U S T E E S OF T H E U N I V E R S I T Y OF I L L I N O I S (herein called the "University"), a duly organized and existing public corporation in the State of Illinois, party of the f i r s t part, and the U N I V E R S I T Y O F I L L I N O I S F O U N D A T I O N (herein called the "Foundation"), a duly organized and existing private non-profit corporation in the State of Illinois, not personally, but as trustee under the Trust Agreement hereinafter described of even date herewith, party of the second part, and T H E F I R S T N A T I O N A L B A N K O F C H I C A G O (herein called the " B a n k " ) , a national banking association, organized and existing under the laws of the United States of America and authorized by law to accept and execute trusts, with its principal office in the City of Chicago, Illinois, party of the third part. W H E R E A S , the United States of America, acting through the Federal Emergency Administrator of Public W o r k s (herein called the "Government") has made an offer (herein called the "Offer") to aid in financing the construction of a Medical and Dental College Building in Chicago, Illinois (herein called the "Project") by making a grant to the University in an amount of 4S% of the cost of the Project upon completion, but not to exceed in any event the sum of $366,000, and by purchasing from the Foundation certain bonds (herein called the "Bonds") of the Foundation in the aggregate principal amount of $1,091,000, secured by an indenture (herein called the "Indenture") to a trustee for the holders of such Bonds (herein called the "bondholders' trustee") all upon the terms and conditions stated in said Offer and subject to the rules and regulations contained and set forth in P.W.A. Form No. 166, July 22, 1935, as amended to d a t e ; and W H E R E A S , said Offer of a grant has been duly accepted by the University and said Offer (the term "Offer" as used herein shall denote the present Offer or any superseding offer made and accepted in lieu hereof) of a loan will be open for acceptance by the Foundation after its appointment under a Trust