Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 503]

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BOARD OF TRUSTEES

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Maturity Principal Interest Maturity Prindpat Interat Dates Amount Rate Dates Ammmi gate 1983 $60,000 l%% 1988 $ 70,000 3J4<% 1984 60,000 3%% 1989 75,000 3U% 1985 65,000 VA% 1990 200,000 3W„ 1986 45,000 Z%% The Bonds 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 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: April April April April 1, 1, 1, 1, Period of Redemption 1971 through October 1, 1975 1976 through October 1, 1980 1981 through October 1, 1985 1986 and thereafter without premium. Applicable Premium 3% 2% 1%

Alt redemptions shall be made in the manner, upon the notice and with the effai provided in Article Three hereof. SECTION 2.04. Payment of Principal and Interest, Both the principal of and the interest on the 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 tlu payment of debts due the United States of America, at the American National Bank and Trust Company of Chicago, in the City of Chicago, Illinois. SECTION 2.05. Form of Bonds. The definitive coupon Bonds, the interest coupons to be attached thereto, the form of fully registered Bonds without coupons, the form of registration endorsement to appear on all coupon Bonds 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 liku matters: (Form of Coupon Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS THE BOARD OF TRUSTEES OF T H E UNIVERSITY OF ILLINOIS STUDENT SERVICES BUILDING BOND Number _. $1,000 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 Student Services Building 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 of -. per cent ( %) per annum, payable October 1, 1961, and 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 bond 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 on this bond after the maturity hereof whether b* 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 ?«>' coin or currency which, on the respective dates of payment of such prmapa and interest, is legal tender for the payment of debts due the United States ol America, at the American National Bank and Trust Company of Chicago, in the City of Chicago, Illinois. __ , This bond is one of an initial authorized issue of One Million Three Hundred Fifty Thousand Dollars ($1,350,000) principal amount of Student Services Building Bonds issued and to be issued pursuant to a Bond Resolution (herein called