Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 313]

EXTRACTED TEXT FROM PAGE:

302

BOARD OF TRUSTEES

[June 20

checks, drafts, notes, or orders be payable to the order of any such person signing a n d / o r countersigning said checks, drafts, notes, or orders, or any of such persons in their individual capacities or not, and whether such checks, drafts, notes, or orders are deposited to the individual credit of the person so signing a n d / o r countersigning said checks, drafts, notes, or orders, or to the individual credit of any of the other officers or not. This resolution shall continue in force and said Bank may consider the facts concerning the holders of said offices, respectively, and their signatures to be and continue as set forth in the certificate of the Secretary or Associate Secretary accompanying a copy of this resolution when delivered to said Bank or in any similar subsequent certificate, until written notice to the contrary is duly served on said Bank. O n m o t i o n of M r . F o r s y t h , t h e f o r e g o i n g r e s o l u t i o n w a s a d o p t e d . By consensus, t h e b o a r d a g r e e d t h a t o n e roll call v o t e w o u l d be t a k e n a n d c o n s i d e r e d t h e v o t e o n e a c h a g e n d a i t e m nos. 19 t h r o u g h 37 i n c l u s i v e . T h e r e c o m m e n d a t i o n s w e r e i n d i v i d u a l l y discussed b u t a c t e d u p o n a t o n e time. ( T h e r e c o r d of b o a r d a c t i o n a p p e a r s a t t h e e n d of e a c h i t e m . )

Authorizations with Respect to Sale of Series 1985 Bonds (Auxiliary Facilities System)

(19) The president, with the concurrence of the appropriate administrative officers, recommends the following: 1. Approval of the Official Statement, Official Notice of Bond Sale, and Official Bid Form for the Board of Trustees of the University of Illinois Facilities System Revenue Bonds, Series 1985. 1 2. / doption of a Resolution authorizing and providing for the issuance of Auxiliary Facilities System Revenue Bonds, Series 1985 of the Board of Trustees of the University of Illinois prescribing all the details of said bonds and providing for the security and payment thereof.1 3. / p p r o v a l of the First National Bank of Chicago as the depositary for the construction fund created in the resolution referred to in paragraph 2, above. 4. Ratification and confirmation of all actions taken or to be taken by the officers and members of the board in connection with the sale and delivery of the Series 1985 Bonds. 5. That the comptroller and other authorized officers of this board be and they are hereby authorized and empowered to do and perform such other acts and things to make, execute, and deliver all such other instruments and documents on behalf of this board as may be by them deemed necessary or appropriate to comply with or to evidence compliance with, the terms, conditions, and provisions of the Official Statement, Official Notice of Bond Sale, Official Bid Form, and the Bond Resolution, and all acts and things whether heretofore or hereafter done or performed by and of the officers of this board which are in

1 A co^y is fi!ed with the secretary of the board for record, and the appropriate officers of the board are hereby authorized and directed to execute the same in the name of and on behalf of the board in subs antially the form presen:ed to this meeting, or with such changes as may be approved by the officer or officers of the board executing the same, his or their execution thereof to constitute conclusive evidence of the board's approval of all changes from the form thereof presented to this meeting; provided, however, that if any such changes constitute a substantial change in the form thereof presented to this meeting, they shall first be approved by the Executive Committee of the board, to which authority for such approval is delegated by the board.