Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 1101]

EXTRACTED TEXT FROM PAGE:

1056

BOARD OF TRUSTEES

[February 19

date of payment therefor shall, together with an amount equal to the interest to accrue on such Bonds through September 30, 1965, be deposited with the Trustee in the Bond and Interest Sinking Fund account as required by Section 6.01 of the Resolution. T h e balance of said proceeds of the 1964 Series A Bonds and 1964 Series B Bonds shall, as required by Section 6.01 of the Resolution, be deposited in a bank or banks which are members of the Federal Deposit Insurance Corporation and shall be accounted for as one or more separate funds. T h e application of the funds in such accounts and the disposition thereof shall in all respects comply with all the terms and provisions of Article>Six of the Resolution, subject to the terms and provisions of any contract or agreement permitted by or contemplated in said Article Six between The Board of Trustees and any original purchaser of such Bonds. SECTION 3.2. Exchanges of 1964 Series A Bonds and 1964 Series B Bonds. Notwithstanding the provisions of Section 2.08 of the Original Resolution the University may, in addition to any other charges permitted to be made upon the exchange or transfer of bonds, charge to the holders of any fully registered 1964 Series A Bonds and 1964 Series B Bonds presented for exchange for coupon Bonds, the actual costs of printing new coupon Bonds for the purpose of making such exchange. However, 1964 Series A Bonds and 1964 Series B Bonds originally issued in fully registered form at the time of initial delivery thereof may be exchanged without charge for coupon Bonds by the initial purchaser of such Bonds. SECTION 3.3. Interpretation and Construction. This Seventh Supplemental Resolution is supplemental to and is adopted in accordance with Sections 2.06 and 4.02 of the Resolution. In all respects not inconsistent with this Seventh Supplemental Resolution, the Resolution is hereby ratified, approved and confirmed, and all of the definitions, terms, covenants and restrictions of the Resolution shall be applicable to the additional Bonds authorized by this Seventh Supplemental Resolution and the proceeds thereof except as otherwise expressly provided. All of the terms and provisions of this Seventh Supplemental Resolution shall be deemed to be part of the terms and provisions of the Resolution, and the Resolution and this Seventh Supplemental Resolution shall be read, taken and construed as one and the same instrument. In executing or authenticating any Bond authorized by this Seventh Supplemental Resolution the Trustee and each officer, agent or employee of the University shall be entitled to all of the privileges and immunities afforded to them under the terms of the Resolution. SECTION 3.4. Resolution Effective on Passage. This Resolution shall become effective upon its passage. C O N T R A C T S F O R C O N S T R U C T I O N O F S I N G L E GRADUATE R E S I D E N C E H A L L S . UNIT 3 (24) T h e Director of the Physical Plant and the Vice-President and Comptroller recommend awards of contracts for construction of the third unit of the Single Graduate Student Residence Halls, to be located on the north side of Chalmers Street and the west side of Fifth Street in the block bounded by Chalmers, Fifth, Daniel, and Fourth Streets, the award in each case being to the lowest bidder: General — McCarthy Bros. Construction Company, St. Louis, Missouri $2 095 934 Base bid $2 154 949 Additive alternate for service charge for assignment of other contracts to the general contractor 17 000 Deductive alternates f o r : Deletion of exterior window washing and wall maintenance staging and equipment — 5 500 Substituting vinyl asbestos tile for carpeting in corridors in dormitory units — 17 400 Substituting concrete block partitions for plastered walls in dormitory units — 4 250 Substituting wood double hung windows for stainless steel windows — 48 865 Electrical — Leverenz Electric Company, Inc., Danville 255 275 Base bid $ 268 066 Deductive alternate for deletion of bed lights — 12 791