Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 447]

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444

Year of Maturity I972 1973 1974 1975 1976 1977 197 8 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 I996 !997 1998 ?

BOARD OF TRUSTEES 1959 Series A Bonds Amount Interest Rate

[June 23

1959 Series B Bonds Amount Interest Rate $ 30,000 2H% 35.ooo 2H% 35.000 2H% 35.O0O 2pi% 35.OO0 2pi% 40,000 2K% 40,000 2tt% 40,000 2H% 40,000 2pi% 45.ooo 2H% 45,0OO 2pi% 45.000 2H% 45.000 zH% 50,000 2}i% 50,000 2J4% 50,000 214% 50,000 2H% 55.000 2?A% 55,000 2%% 55.000 2l/i% 60,000 2J4% 60,000 2H% 65,000 2}i% 65,000 2J4% 70,000 214,% 70,000 2}i% 70.000 zH% $1,530,000

$110,000

T h e 1959 Series A Bonds are not subject to redemption prior to maturity. The 1959 Series B Bonds shall be redeemable prior to their maturity at the option of the Board of Trustees, either in whole or in part, on April I, 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: April April April April April 1, 1, 1, 1, 1, 1969 1974 1979 1984 1989 through through through through through Period of Redemption October 1, 1973 October 1, 1978 October 1, 1983 October 1, 1988 October 1, 1993 Applicable Premium 3 % 2%% 2 % i}4% 1 %

All redemptions made on and after April 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 Original Resolution. SECTION 2.3. Payment of Principal and Interest. Both the principal of and the interest on the 1959 Series A and 1959 Series B 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 T h e 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 N e w York. SECTION 2.4. Form of Bonds. The definitive coupon Bonds of 1959 Series A and 1959 Series B, the interest coupons to be attached thereto, the form of fully registered Bonds without coupons of 1959 Series A and 1959 Series B, shall be in substantially the following forms with appropriate insertions, omissions and variations to evidence differences in series, number, interest rate, maturity and like matters: