Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 497]

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494

BOAED OF TRUSTEES

[May 17

(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 paymem and payment made or provided for), The Board of Trustees of the University 0f 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 I960, Series _ ^ dated October 1, 1960, Number „ Secretary President (Form of Registered Bond Without Coupons) UNITED STATES OF AMERICA STATE OF ILLINOIS THE BOARD OF TRUSTEES OF T H E UNIVERSITY O F ILLINOIS HOUSING REVENUE BOND OF 1960 (Series _ -.) 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 registered assigns, on October 1, 19.„...., the principal sum of Dollars ($ _ _) and to pay interest thereon whicli shall be paid b y check or draft mailed to the registered owner at his address as it appears on the bond registration books of the Trustee hereinafter mentioned as Bond Registrar, at the rate of _. per cent ( %) per annum, payable April 1, 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, a; The First National Bank of Chicago (hereinafter called "Trustee"), or its sue; cessor in trust under the Resolution hereinafter referred to, in the City oi Chicago, Illinois, or at the option of the holder at The Chase Manhattan Bant in the Borough of Manhattan and City and State of New York. This bond is one of an authorized series of „ Dollars ($. ) principal amount of Housing Revenue Bond? of 1960, Series - , which with the 1960 Series Bonds constitute an issue of Five Million Seven Hundred Fifty Thousand Dollars ($5,750,000), issued or to be issued pursuant to a Bond Resolution of The Board of Trustees of the University of Illinois duly adopted December 17,1M»> as supplemented by First, Second, Third, and Fourth Supplemental Resolutions thereto duly adopted June 23, 1959, October 21, 1959, June 14, 1960, and May U. 1961, respectively (said Bond Resolution as so supplemented being herein referred to as the "Resolution") for the purpose of providing funds for paying the cost ot constructing and equipping student and staff housing and related facilities. 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 *' forth therein. The bonds of this Series are redeemable prior to maturity as a whole or'" part on April 1, 1971, or on any interest payment date thereafter in the inverse order in which they mature at the option of The Board of Trustees of the U"* versity of Illinois at par and accrued interest to the date of redemption and* premium as follows: three per cent (3%) of the principal amount thereot i