Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 243]

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240

BOAED OF TRUSTEES

[December 21

(Form of Registered Bond Without Coupons) 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 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 Illini Union and Health Center Bond Fund as hereinafter provided for, and not otherwise) to ~ — _ „ _ - or registered assigns, on October I, ID. , 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), at the rate of — per cent ( -%) per annum, payable April I, 1961, and semiannually 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 Continental Illinois National Bank and Trust Company of Chicago, or its successor, 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. This bond is one of an initial authorized series of ... _ principal amount of Illini Union and Health Center Bonds of i960, Series which with the i960 Scries Bonds constitute an issue of Seven Million Nine Hundred Fifty Thousand Dollars ($7,950,coo), issued and to be issued pursuant to a Bond Resolution (herein called "Resolution") of The Board of Trustees of the University of Illinois duly adopted December 21, i960, for the purpose of providing funds for paying the cost of constructing and equipping an addition to the Illini Union Building and a Health Center Building (herein collectively called the "Project") 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. , (1060 Series A Bonds Only) [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 April 1, 1971, in the inverse order in which they mature, 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: Period of Redemption Applicable Premium April I, 1971 through October I, 1975 3% April I, 1976 through October 1, 19B0 2% April i, 1981 through October 1, 1985. 1% April 1, 1986 and thereafter without premium.] (i960 Series B Bonds Only) [The bonds of this series shall be 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 April i, 1971, in the inverse order in which they mature, 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: