Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 239]

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BOARD OF TRUSTEES Period of Redemption 1971 through October 1, 1975 1976 through October I, 1980 1981 through October I, 1985 1986 and thereafter without premium,

[December 21 Applicable iVomutn 3% 2% 1%

April April April April

I, 1, i, 1,

provided, however, that the i960 Series B Bonds may be redeemed in the inverse order in which they mature at any time after completion of the Project out of excess funds then remaining in any Construction Fund Account established with the proceeds of said i960 Series B Bonds, at the principal amount thereof together with interest accrued thereon to the date fixed for redemption bnt without premium. All redemptions shall be made in the manner, upon the notice and with the effect provided in Article Three hereof. SECTION 2,04. Payment of Principal and Merest, Both the principal of and the interest on the i960 Series A and 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 the Continental Illinois National Bank and Trust Company of Chicago, in the City of Chicago, Illinois, or at the Chemical Bank New York Trust Company in the Borough of Manhattan and City and State of New York. SECTION 2.05. Form of Bonds. The definitive coupon i960 Series A and E Bonds, the interest coupons to be attached thereto, the form of fully registered i960 Series B Bonds without coupons, the form of registration endorsement to appear on all coupon Bonds, the form of principal payment record and the form of assignment to appear on all fully registered Bonds shall be in substantially the following forms with appropriate insertions, omissions and variations to evidence differences in number, amount, interest rate, maturity and like matters: (Form of Coupon Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS T H E BOARD OF TRUSTEES OF T H E UNIVERSITY OF ILLINOIS ILLINI UNION AND HEALTH CENTER BOND Series of i960

Number $ 1,00c

T H E BOARD OF TRUSTEES OF T H E UNIVERSITY OF ILLINOIS, a body corporate, created and existing under the laws of the State of Illinois, for value received promises to pay to bearer, but only out of the Mini Union and Health Center Bond Fund, as hereinafter provided for, and not otherwise, the principal sum of ONE THOUSAND DOLLARS ($1,000), on October 1, 19 and to pay interest on said sum from the date hereof until paid at the rate 0: per cent ( %) per annum, payable April I, 1961, arid semiannually thereafter on the first days of April and October in each year until the. principal amount hereof has been fully paid. Interest accruing on this bone on and prior to the maturity date hereof shall be payable on presentation and surrender of the interest coupons hereto attached as they subsequently become due, but no interest shall accrue op this bond after the maturity hereof whether bi lapse of time, call for redemption, or otherwise unless this bond shall be presented for payment and be not then paid. Both principal hereof and interest hereon are hereby made payable in an.1 coin or currency which, on the respective dates of payment of such principal and interest, is legal tender for the payment of debts due the United States 01 America, at the Continental Illinois National Bank and Trust Company of Chicago, in the City of Chicago, Illinois, or at the option of the holder, at tlie Chemical Bank New York Trust Company in the Borough of Manhattan and City and State of New York. This bond is one of an initial authorized series of Dollars ($ _.) principal amount of Illini Union and Health Center r Bonds of i960, Series , which with the i960 Series Bonds constitute an issue of Seven Million Nine Hundred Fifty Thousand Dollars (57,950,000) issued and to be issned pursuant to a Bond Resolution (herein called