Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 1470]

EXTRACTED TEXT FROM PAGE:

1962]

UNIVERSITY OF ILLINOIS

1467

agreements in the Resolution adopted by it, authorizing the issuance of this bond and the series of which it forms a part, and hereby irrevocably obligates itself to administer the said income and revenue derived from the operation of said facilities, as provided for in and by said Resolution, and to establish from time to time parietal rules, rents, and charges for the use of said facilities and to maintain and collect rents and charges and to withhold student tuitions, sufficient to pay the reasonable cost of operating and maintaining said facilities, and pay the principal of and interest upon all revenue bonds which by their terms are payable from such revenues, until all of such bonds have been paid in full, both as to principal and interest. It is hereby certified and recited and declared that all acts, conditions, and things required to exist, to happen, and to be performed, precedent to and in the issuance of this bond, have existed, have happened, and have been performed in due form, time, and manner, as required by law and the applicable resolutions of The Board of Trustees of the University of Illinois, and that provision has been made for setting aside the income and revenue to be derived from the operation of said facilities to be applied in the manner hereinabove set forth. I N WITNESS WHEREOF, The Board of Trustees of the University of Illinois lias caused this bond to be executed by the facsimile signatures of its President and two of its members, the corporate seal of the University of Illinois to be hereto affixed (or a facsimile thereof to be reproduced hereon), and attested by its Secretary, and has caused the interest coupons hereto attached to be executed by the facsimile signatures of said President and Secretary, and this bond to be dated as of the 1st day of April, 1962. T H E BOARD O F T R U S T E E S O F T H E UNIVERSITY OF ILLINOIS Attest: Secretary Member By President Member

(Form of Interest Coupon) Number $ On the first day of , 19 (unless the bond to which this coupon is attached has theretofore been called for payment and payment made or provided for), The Board of Trustees of the University of Illinois will pay to bearer on surrender hereof, solely out of the fund specified in the bond to which this coupon is attached, the sum of Dollars ($ ) 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, in the City of Chicago, Illinois, or at the option of the holder at The Chase Manhattan Bank, in the Borough of Manhattan and City and State of New York, as provided in the Housing Revenue Bond of 1962, Series A, dated April 1, 1962, Number Secretary President

(Form of Registered Bond Without Coupons) U N I T E D STATES OF AMERICA STATE OF ILLINOIS T H E BOARD O F T R U S T E E S O F T H E UNIVERSITY 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 1962 (Series A) Number $ 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 Housing Revenue Bond Fund as hereinafter provided for, and not otherwise) to , or