Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 242]

EXTRACTED TEXT FROM PAGE:

1960]

UNIVERSITY OF ILLINOIS

239

The Board of Trustees of the University of Illinois hereby covenants with the holder of this bond that it will keep and perform all the covenants and 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 rules, rents, student service charges and other charges for the use of said facilities and to maintain and collect rents and student service charges and other charges snfficient to pay the reasonable cost of operating and maintaining said facilities, and pay the principal of and interest upon all 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 provisiou 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 W I T N E S S WHEREOF, The Board of Trustees of the University of Illinois has 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 l>e dated as of the 1st day of October, i960. T H E BOARD OF 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 die first day of _ , 19 (unless the bond to which this coupon is attached has theretofore been called for payment and payment made or provided f o r ) , 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 ihe 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 Continental Illinois National Bank and Trust Company of Chicago, in the City of Chicago, Illinois, or at the option of the holder at the Chemical Bank New York Trust Company in the Borough of Manhattan and City and State of New York, as provided in the Illini Union and Health Center Bond of i960, Series , dated October I, 1560, Number „ _ Secretary ( F o r m for Registration of Coupon Bond) Date of Registration Name of Registered Owner Signatvre of Registrar President