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Caption: Board of Trustees Minutes - 1986
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1984] UNIVERSITY OF ILLINOIS 45 vance refunding and prepayment by the board of all outstanding revenue bonds of the board payable from the net revenues of the Auxiliary Facilities System of the University of Illinois and to direct the disposition of all funds held by the First National Bank of Chicago, as paying agent and depository under the provisions of the resolutions authorizing such outstanding bonds; 7. 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 bonds to the purchasers and the prepayment of the Series A through L Bonds; and 8. T h a t 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 and 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, or provisions of the Official Statement, the Bond Resolution, the Escrow Agreement, the Contract of Purchase, and the prepayment of the Department of Education and all acts and things whether heretofore or hereafter done or performed by and of the officers of this board which are in conformity with the intents and purposes of these resolutions shall be and the same are hereby, in all respects, ratified, confirmed, and approved. Resolution Approving Certain Action Recommended by the President o f the University Be It, And It Is, Hereby Resolved by the Board of Trustees of the University of Illinois, as follows: Section 1. That the recommendations of the President of the University in connection with the issuance and sale of the Board's Auxiliary Facilities System Revenue Bonds, Series 1984 (Refunding and Improvement), (the "Bonds") and certain other transactions Contemplated by the resolution authorizing the issuance of such Bonds, such recommendations being attached hereto as Exhibit A,1 are hereby adopted and approved. Section 2. This resolution shall become effective immediately upon its adoption. Adopted and approved this 20th day of September 1984. On motion of Mr. Stone, the recommendations as submitted by the president of the University were approved by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Lamm, Mr. Pittman; no, none.) At this point, there was a brief recess to permit the signing of documents related to this transaction. The board reconvened in regular session at 11:40 a.m. 1 A copy has been filed with the tecretary of the board for record.
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