Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 519]

EXTRACTED TEXT FROM PAGE:

516

BOARD OF TRUSTEES

[May 17

SECTION 9.03. Attendance at Person or by Proxy. Attendance and voum by Bond holders at such meeting may be in person or by proxy. Owners of registered Bonds may, by an instrument in writing under their hands, appoint any person as their proxy to vote at any meeting for them. In order that holders of Bonds payable to bearer or their proxies nay attend and vote without producing their Bonds, the University may make and from time to time vary such regulations as it shall think proper for the deposit of Bonds with, or exhibit of Bonds to, any banks or trust companies wherever situated, and for the issue by them, to the persons depositing or exhibiting such Bonds, of certificates in form approved by the University which shall constitute proof of ownership entitling the holders thereof to be present and vote at any such meeting and to appoint proxies to represent them and vote for them at any such meeting in the same way as if the persons so present and voting, either personally or by proxy, were the actual bearers of the Bonds in respect of which such_ certificates shall have been issued, and any regulations so made shall k binding and effective. Copies of such regulations shall be kept on file tn the offices of the paying agent in Chicago, Illinois, and the Secretary of the University. Any registered owner of Bonds or any holder of a certificate provided for in this Section 9.03 shall be entitled in person or by proxy to attend and vote at such meeting as holder of the Bonds registered or certified in his name, without producing such Bonds. All others seeking to attend or vote at such meeting in person or by proxy must produce the Bonds claimed to be owned or represented at such meeting, and all persons seeking to attend or vote at such meeting in person or by proxy shall, if required, produce such further proof of. Bond ownership or personal identity as shall be satisfactory to the University. All proxies presented at any meeting shall be delivered to the inspectors of vots and filed with the University. SECTION 9.04. Amendments by Written Consent of Bond Holders. The University may at any time adopt a valid resolution amending the provisions of the Bonds or of this Resolution or of any resolution supplemental hereto, to the extent that such an amendment is permitted by the provisions of Section 9,01, to take effect when and as provided in this Section. A copy of such resolution, together with a request of the University to Bond holders for their consent thereto, shall be mailed by the University to each registered owner of Bonds and notice of the adoption thereof shall be published in the manner provided in Section 9.02 for the mailing and publication referred to in that Section (hut Eailure to mail copies of such resolution and request shall_ not affect the validity of the resolution when assented to as in this Section provided). Such resolution. shall not be effective unless and until there shall have been filed with the University the written consents of the percentage of holders of outstanding Bond* specified in Section 9.01, Each such consent shall be effective only if accompanied by proof of ownership of the Bonds for which such consent is given, which proof shall be such as is permitted by Section 9,03. Any such consent shall be binding upon the holder of the Bonds giving such consent and on any subsequent holder of such Bonds (whether or not such subsequent holder lias notice thereof). SECTION 9,05. Supplemental Resolutions or Amendments Without Com(*l of Bond Holders. The Board of Trustees may from time to time and at any time, subject to the conditions and restrictions in this Resolution contained, bui without requiring the consent of the holders of any of the Bonds, adopt a resolution or resolutions supplemental hereto, which shall thereafter form a par' hereof for any one or more or all of the following purposes; (a) To add to the covenants and agreements of the University in this Resolution contained, other covenants and agreements thereafter to be observed and/or to surrender any right or power herein reserved to or conferred upon the Board of Trustees; and (b) To clarify any ambiguity or to clarify, correct or supplement, an)' defect or inconsistent provision contained in this Resolution; and (c) To provide for the issuance of additional Bonds for the comple"011 of the Student Services Building, but only upon the terms and conditio"5 specified in Section 4.02 hereof. SECTION 9.06. Endorsement of Bonds. _ Bonds delivered after the effecwf date of any action taken as provided in this Article Nine may bear a notation