Repository: UIHistories Project: Board of Trustees Minutes - 1960 [PAGE 478]

EXTRACTED TEXT FROM PAGE:

1959]

Date of Registration

UNIVERSITY OF ILLINOIS ( F o r m for Registration of Coupon Bond) Name of Registered Owner Signature of Registrar

475

( F o r m of Registered Bond Without Coupons) UNITED STATES OF AMERICA STATE OF ILLINOIS T H E BOARD OF TRUSTEES O F T H E UNIVERSITY OF ILLINOIS ASSEMBLY HALL REVENUE BOND Series 1959 No $ The 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 Assembly Hall Revenue Bond Fund as hereinafter provided for, and not otherwise) to... , or registered assigns, on October 1, 1984, 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 University), until October I, 1961 at the rate of two and one-half per cent (2^4%) per annum and thereafter at the rate of four and three-quarters per cent (4J4%) per annum on the unpaid balance thereof, said interest being payable October 1, 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 Sears Bank and Trust Company, or its successor, in the City of Chicago,

Illinois.

This bond is one of an initial authorized issue of Seven Million Seven Hundred Fifty Thousand Dollars ($7,750,000) principal amount of Assembly Hall Revenue Bonds, Series 1959, issued and to be issued pursuant to a Bond Resolution (herein called "Resolution") of T h e Board of Trustees of the University of Illinois duly adopted , 1959, for the purpose of providing funds for paying the cost of constructing and equipping an Assembly Hall as set forth in the Resolution. 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 their maturity at the option of the Board of Trustees, either in whole or in part, on any interest payment date on and after, but not prior to October 1, 1971, 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: October April April April April 1, i, i, 1, it Period of Redemption 1971 through October 1, 1974 1975 through October I, 1977 1978 through October I, 1080 1981 through October 1, 1982 1983 and thereafter without premium. Applicable Premium 4% 3% 2% 1%

The bonds of this series are also redeemable prior to their maturity on any interest payment date on and after, but not prior to October 1, 1966, through the operation of the Bond Retirement Account and at the option of the Board of Trustees out of surplus moneys remaining in the Assembly Hall Revenue Bond Fund in any fiscal year after first complying with all provisions of sub-