Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 493]

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490

Year of Maturity 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

BOARD OF TRUSTEES

[May 17

I960 Series C Bonds Amount Interest fofj *60,000 3%% 60,000 3%%

I960 Series 3 Bonds Amount Interest Bate $ 60,000 3M% 60,000 3H% 120,000 3W% 140,000 3H% 140,000 lW7c 140,000 3H% 140,000 S\i% 140,000 3K% 160,000 3^% 160,000 3H% 160,000 3H% 180,000 3H% 180,000 3H% 180,000 3H% 180,000 3H% 200,000 3H% 200,000 3W% 200,000 3H% 220,000 3H% 220,000 3^% 240,000 3H% 240,000 3i4% 240,000 3H% 260,000 3M% 260,000 3^% «,000,000

3750,000

The 1960 Series B bonds and the 1960 Series C bonds shall be redeemable prior to their maturity at the option of the Board of Trustees, cither in whole or in part, on April 1, 1971, or on any interest payment date thereafter in Ihe inverse order in which they mature at the principal amount thereof plus accrued interest to the date of 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 1, 1971 through October 1, 197S 3% April I, 1976 through October I, 1980 2^% April 1, 1981 through October 1, 1985 2% April 1, 1986 through October 1, 1990 \Vi% April 1, 1991 through October 1, 1995.... Wo April 1, 1996 or thereafter prior to maturity None provided, however, tbat the 1960 Series B bonds maturing in the years 1996 through 2000 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 at the principal amount thereof plus accrued interest to the date of redemption an<t without premium. All redemptions shall be made in the manner, upon the notice, and with the effect provided in Article Three of the Original Resolution. SECTION 2.3, Payment of Principal and Interest. Both the principal of and the interest on the 1960 Series B and 1960 Series C 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 First National Bank of Chicago, or its successor, in the City ol Chicago, Illinois, or, at the option of holders at The Chase Manhattan Bank, or its successor, in the Borough of Manhattan and City and State of New York. SECTION 2.4, Form of Bonds. The definitive coupon Bonds of 1960 Series B and 1960 Series C, the interest coupons to be attached thereto, the form oi fully registered Bonds without coupons of 1960 Series B and 1960 Series U shall be in substantially the following forms with appropriate insertions, omissions and variations to evidence differences in series, numher, interest rate, maturity and tike matters: