UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 1029]

Caption: Board of Trustees Minutes - 1960
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1026

BOARD OF TRUSTEES

1959 S E R I E S C BONDS

[ O c t o b e r 21

1959 S E R I E S D BONDS

Year of Maturity Amount Interest Rate Amount Interest Rate 1962 $40,000 $40,000 4H% 3X% 40,000 40,000 1963 4H% i'A% 40,000 40,000 4H% 1964 3A% 40,000 40,000 *H% 3H% 1965 40,000 40,000 4H% zA% 1966 50,000 50,000 4iHs% VA% 1967 50,000 50,000 *H% zA% 1968 50,000 50,000 4K% 3lA% 1969 50,000 50,000 4^% 3A% 50,000 1970 50,000 4>4% 3A% 60,000 60,000 4K% 1971 3*A% 60,000 60,000 4^% 3A% 1972 60,000 60,000 4K% 3A% 1973 60,000 4M% 60,000 lH% 1974 70,000 VA% 70,000 3A% 1975 70,000 4M% 70,000 3A% 1976 70,000 \lA% 70,000 ZA% 1977 80,000 4K% 80,000 3A% 1978 80,000 \A% 80,000 3A% 1979 AA7C 90,000 90,000 3H% 4M% 90,000 1980 90,000 3H% \A% 90,000 3H% 90,000 1981 4K% 100,000 3A% 100,000 1982 VA% 100,000 3H% 100,000 1983 VA% 100,000 3A% 100,000 1984 VA% 3H% 110,000 110,000 1985 \A% 3A% 110,000 110,000 1986 4K% 3A% 120,000 120,000 1987 4M% 3A% 120,000 120,000 1988 \A% 3%% 130,000 130,000 1989 \A% 3H% 130,000 130,000 1990 VA% SA% 140,000 140,000 1991 VA% 3H% 150,000 150,000 1992 *A% 3A% 150,000 150,000 1993 \A% 3A% 160,000 160,000 1994 *A% 3A% 160,000 160,000 1995 *A% 3H% 170,000 170,000 1996 4H% 3H% 170,000 170,000 1997 £3,45o,ooo £3,45°,ooo 1998 T h1999 e 1959 Series C Bonds and the 1959 Series D Bonds shall be redeemable prior to their maturity at the option of the Board of Trustees, either in whole or in part, on October 1, 1969, or on any interest payment date thereafter in the inverse order in which 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: October October October October October Period of Redemption 1 1969 through April I, 1974 through April 1 1979 through April 1, 1984 through April 1, 1989 through April Applicable Premium 1, 1, I, 1, 1, 1974 1979 1984 1989 1094 3% 2^4% 2% v/i% 1%

All redemptions made on or after October 1, 1994 shall be without premium and all redemptions shall be made in the manner, upon the notice and with the effect provided in Article Three of the Resolution. SECTION 2.3. Payment of Principal and Interest. Both the principal of and the interest on the 1959 Series C and 1959 Series D Bonds shall be payable in any