Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 593]

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548

Maturity Dates 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993

BOARD OF TRUSTEES Series A Bonds Principal Interest Amount Rate $ 220,000 5% 230,000 5% 240,000 4lA% 250,000 \y2% 250,000 ilA% 260,000 3M% 270,000 3]4% 280,000 3lA% 290,000 3lA% 300,000 3A% 310,000 3V2% 330,000 3Y2% 340,000 3A% 350,000 3%% 360,000 3A% 370,000 3^% 380,000 3}4% 400,000 3J^% 410,000 3V2% 420,000 1.20% $6,800,000

[June 19

Series B Bonds Principal Interest Amount Rate $ 110,000 3^% 120,000 3)4% 130,000 3J£% 140,000 3.40% 150,000 3.40% 160,000 3.40% 160,000 3.40% 170,000 3.40% 170,000 3.40% 180,000 3.40% 190,000 3.40% 190,000 3Y2% 200,000 3%% 210,000 3%% 220,000 3^% 230,000 3)4% 240,000 3V2% 240,000 3V2% 250,000 3^% 260,000 3^% 34,000,000

T h e 1963 Series A and B 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, solely from surplus monies in the Congress Circle Bond Fund, after the debt service reserve provided in Section S.02 has been fully established and all provisions of Section 5.02 have been met and all deficiencies made up, in the inverse order in which they mature, at the principal amount thereof, together with interest accrued to the date of redemption plus a premium equal to 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, 1972 3% April 1, 1973 through October 1, 1977 2% April 1, 1978 through October 1, 1982 1% April 1, 1983 and thereafter without premium. T h e 1963 Series A and B Bonds shall also be redeemable (under circumstances not included in the foregoing paragraph), either in whole or in part, prior to their maturity at the option of the Board of Trustees on any interest payment date on and after, but not prior to April 1, 1973, in 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: Period of Redemption Applicable Premium April 1, 1973 through October 1, 1977 3% April 1, 1978 through October 1, 1982 2% April 1, 1983 through October 1, 1987 \% April 1, 1988 and thereafter without premium. SECTION 2.04. Payment of Principal and Interest. Both the principal of and the interest on the 1963 Series A and B 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 Continental Illinois National Bank and Trust Company of Chicago, in the City of Chicago, Illinois, or at the Morgan Guaranty Trust Company of New York in the Borough of Manhattan and City and State of New York or at the Bank of America N.T.&S.A. in the City of San Francisco, California. SECTION 2.05. Form of Bonds. T h e definitive coupon 1963 Series A and B Bonds, the interest coupons to be attached thereto, the form of fully registered