Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 1033]

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1030

BOARD OF TRUSTEES

[October 21

of Illinois will pay to bearer on surrender hereof, solely out of the fund specified in the bond to which this coupon is attached, the sum of _ Dollars ($. ....) in any coin or currency which, on the respective dates of payment of such principal and interest, is legal tender for the payment of debts due the United States of America, at T h e First National Bank of Chicago, in the City of Chicago, Illinois, or at the option of the holder at The Chase Manhattan Bank, in the Borough of Manhattan and City and State of New York, as provided in the Housing Revenue Bond of 1959, Series , dated , 1959, Number Secretary President

( F o r m of Registered Bond Without Coupons) U N I T E D STATES OF AMERICA STATE OF ILLINOIS T H E BOARD OF TRUSTEES OF T H E UNIVERSITY O F I L L I N O I S H O U S I N G R E V E N U E B O N D O F 1959 (Series ) $. T h e Board of Trustees of the University of Illinois, a body corporate, created and existing under the laws of the State of Illinois, for value received promises to pay (but only out of the Housing Revenue Bond Fund as hereinafter provided for, and not otherwise) to , or registered assigns, on October I, 19 , the principal sum of Dollars ($ ) and to pay interest thereon which shall be paid by check or draft mailed to the registered owner at his address as it appears on the bond registration books of the Trustee hereinafter mentioned as Bond Registrar, at the rate of per cent ( % ) per annum, payable April 1, i960, and semi-annually thereafter on the first days of April and October in each year from the date hereof until the principal amount hereof has been fully paid. Both principal hereof and interest hereon are made payable in any coin or currency which, on the respective dates of payment of such principal and interest, is legal tender for the payment of debts due the United States of America, at The First National Bank of Chicago (hereinafter called "Trustee"), or its successor in trust under the Resolution hereinafter referred to, in the City of Chicago, Illinois, or at the option of the holder at The Chase Manhattan Bank in the Borough of Manhattan and City and State of New York. This bond is one of an authorized series of Dollars ($ ) principal amount of Housing Revenue Bonds of 1959, Series , which with the 1959 Series Bonds constitute an issue of Six Million Nine Hundred Thousand Dollars ($6,000,000), issued and to be issued pursuant to a Bond Resolution of T h e Board of Trustees of the University of Illinois duly adopted December 17, 1958, as supplemented by First and Second Supplemental Resolutions thereto duly adopted June 23, 1959 and October 21, 1959, respectively (said Bond Resolution as so supplemented being herein referred to as the "Resolution") for the purpose of providing funds for paying the cost of constructing and equipping student and staff housing and related facilities. Said Resolution, among other things, provides for the issuance of additional bonds pursuant thereto in the manner and upon the terms and conditions more fully set forth therein. The bonds of this Series are redeemable prior to maturity as a whole or in part on October I, 1969, or on any interest payment date thereafter in the inverse order in which they mature at the option of The Board of Trustees of the University of Illinois at par and accrued interest to the date of redemption and a premium as follows: three per cent ( 3 % ) of the principal amount thereof 11 redeemed October I, 1969 through April 1, 1974; two and one-half per cen ( 2 ^ % ) of the principal amount thereof if redeemed October 1, 1074 ™ r o u g " April 1, 1979; two per cent ( 2 % ) of the principal amount thereof if J^fTi October I, 1979 through April 1, 1984; one and one-half per cent (iJ/i%) °' ™\ principal amount thereof if redeemed October 1, 1984 through April I, I9°9I °5 per cent ( 1 % ) of the principal amount thereof if redeemed on October 1, i°w No