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Caption: Board of Trustees Minutes - 1960
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1382 BOARD OF TRUSTEES [June 14 at the rates provided below and shall mature in the following amounts on October 1 of the following years: Year of Maturity 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 Amount $40,000 40,000 40,000 40,000 40,000 60,000 80,000 80,000 80,000 80,000 80,000 80,000 100,000 100,000 100,000 100,000 100,000 100,000 Interest Rate 3K% 3K% 3K% 3K% 3^% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% 4% Year of Maturity Amount . J100,000 1981 100,000 1982 120,000 1983 120,000 1984 120,000 1985 140,000 1986 140,000 1987 140,000 1988 140,000 1989 160,000 160,000 1990 160,000 1991 160,000 1992 340,000 1993 1994 360,000 1995 380,000 1996 400,000 1997 420,000 1998 $5,000,000 Interest Hate 4% 4.10% 4-io% 4-io% 4-io% 4-io% 4-io% 4-10% 4-io% 4-io% 4-io% 4-io% 4-io% 4- 2 o% 4-20% 4.20% 4.20% 4-20% The i960 Series A Bonds shall be redeemable prior to their maturity at the option of the Board of Trustees, either in whole or in part, on October I, 1970. 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: Applicable Premium Period of Redemption October 1, 1970 through April 1, 1973. 4% October 1, 1973 through April 1, 1978. 3% October 1, 1978 through April I, 1983. 2% October 1, 1983 through April I, 1988. 1% All redemptions made on or after October I, 1988 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 i960 Series A Bonds shall be payable in any coin or currency which, on the respective date 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, or its successor in the City of Chicago, Illinois, or at the option of holders at The Chase Manhattan Bank, or its successor, in the Borough of Manhattan and City and State of New York. SECTION 2.4. Form of Bonds. The definitive coupon Bonds of i960 Series A, the interest coupons to be attached thereto, the form of fully registered Bonds without coupons of i960 Series A, shall be in substantially the following forms with appropriate insertions, omissions and variations to evidence differences in number, interest rate, maturity and like matters: (Form of Coupon Bond) U N I T E D STATES OF AMERICA STATE OF ILLINOIS T H E BOARD O F TRUSTEES OF T H E UNIVERSITY OF 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 i960 (Series A ) $1,000 Number T H E B O A R D O F T R U S T E E S O F T H E U N I V E R S I T Y O F ILLINOIS, a body corporate, created and existing under the laws of the State of Illinois, for value received promises to pay to bearer, but only out of the Housing Revenue
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