Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 213]

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BOARD OF TRUSTEES

[December 17

( F o r m of Registered Bond Without Coupons) UNITED STATES OF AMERICA STATE OF ILLINOIS T H E BOARD OF TRUSTEES OF T H E UNIVERSITY OF ILLINOIS H O U S I N G R E V E N U E B O N D O F 1958 (Series ) No $ 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 I, 1959, 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 T h e Chase Manhattan Bank in the Borough of Manhattan and City and State of New York. This bond is one of an authorized issue of Dollars ($ ) principal amount of Housing Revenue Bonds of 1958, Series , which with the Series Bonds constitute an initial issue of Three Million One Hundred Fifty Thousand Dollars ($3,150,000), issued and to be issued pursuant to a Bond Resolution (herein called "Resolution") of The Board of Trustees of the University of Illinois duly adopted , 1958, 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, 1968, or on any interest payment date thereafter in the inverse order in which they mature at the option of T h e 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 if redeemed October 1, 1968, through April 1, 1973; T w o and one-half per cent (254%) of the principal amount thereof if redeemed October I, 1973, through April 1, 1978; Two per cent ( 2 % ) of the principal amount thereof if redeemed October 1, 1978, through April I, 1983; One and one-half per cent {V/2%) of the principal amount thereof if redeemed on October I, 1983, through April 1, 1988; and One per cent ( 1 % ) of the principal amount thereof if redeemed on October I; 1988 or thereafter and prior to maturity. Notice of redemption of any or all of said bonds shall be published once a week for two successive calendar weeks, the first such publication to be not less than thirty days prior to the date of redemption, such publication to be made in one daily newspaper published and of general circulation in the City of Chicago, Illinois, and also in a financial newspaper of general circulation published in the English language in the Borough of Manhattan, City and State of New York, and when this bond or any of the bonds of such authorized issue shall have been duly called for redemption, interest thereon shall cease from and after the specified redemption date if redemption monies are available for payment of all bonds called for redemption. This bond and the series of which it forms a part is issued under the authority of The Board of Trustees of the University of Illinois to issue and sell revenue bonds under the provisions of paragraphs 48.1 through 48.7 of Chapter 144 of the Illinois Revised Statutes, 1957, and all laws amendatory thereof and supplemental thereto and the Resolution above referred to. This bond is payable, both as to principal and interest, only from the revenues required to be credited to the Housing Revenue Bond Fund as provided in the