Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 451]

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448

BOARD OF TRUSTEES

[June 23

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) UNITED STATES OF AMERICA STATE OF ILLINOIS T H E BOARD OF T R U S T E E S OF T H E U N I V E R S I T Y 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 )

No

$

The Board of Trustees of the University of Illinois, a body corporate, created aria 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 1, 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 October 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 series of Dollars ($ ) principal amount of Housing Revenue Bonds of 1959, Series , which with the Series Bonds constitute an issue of One Million Six Hundred Forty Thousand Dollars ($1,640,000), issued and to be issued pursuant to a Bond Resolution of The Board of Trustees of the University of Illinois duly adopted December 17, 1958, as supplemented by a First Supplemental Resolution duly adopted , 1959 (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. (1959 Series A Bonds Only) [The bonds of this series are not subject to redemption at the option of The Board of Trustees of the University of Illinois prior to maturity.] (1959 Series B Bonds Only) [The bonds of this series are redeemable prior to maturity as a 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 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 it redeemed April 1, 1969, through October 1, 1973; two and one-half per cent ( 2 ^ % ) of the principal amount thereof if redeemed April I, 1974, through October I, 1978; two per cent ( 2 % ) of the principal amount thereof if redeemed April 1, 1979, through October I, 1983; one and one-half per cent ( 1 ^ % ) of the principal amount thereof if redeemed April 1, 1984, through October 1, 1988; one per cent ( l % ) of the principal amount thereof if redeemed April I, 1989, through October 1, 1993; and without premium if redeemed April 1, 1994, or thereafter.] Notice of redemption of any or all of said bonds shall be published once a