Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 594]

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1963]

UNIVERSITY OF ILLINOIS

549

1963 Series A and B Bonds without coupons, the form of registration endorsement to appear on all coupon Bonds, the form of principal payment record 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 like matters: ( F o r m of Coupon Bond) UNITED STATES OF AMERICA STATE OF ILLINOIS THE BOARD O F T R U S T E E S O F T H E UNIVERSITY O F ILLINOIS CONGRESS CIRCLE UNION BOND Series of 1963 Number $5,000 T H E BOARD OF T R U S T E E S OF T H E UNIVERSITY O F 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 Congress Circle Union Bond Fund, as hereinafter provided for, and not otherwise, the principal sum of F I V E T H O U S A N D D O L L A R S ($5,000), on October 1, 19 , and to pay interest on said sum from the date hereof until paid at the rate of per cent (.. % ) per annum, payable October 1, 1963, and semiannually thereafter on the first days of April and October in each year until the principal amount hereof has been fully paid. Interest accruing on this bond on and prior to the maturity date hereof shall be payable on presentation and surrender of the interest coupons hereto attached as they subsequently become due, but no interest shall accrue on this bond after the maturity hereof whether by lapse of time, call for redemption, or otherwise unless this bond shall be presented for payment and be not then paid. Both principal hereof and interest hereon are hereby made payable in any coin or currency which, on the respective dates of payment of such principal and interest, is legal tender for the payment of debts due the United States of America, at the Continental Illinois National Bank and Trust Company of Chicago, in the City of Chicago, Illinois, or at the Morgan Guaranty Trust Company of New York in the Borough of Manhattan and City and State of New York or at the Bank of America N.T.&S.A. in the City of San Francisco, California. This bond is one of an initial authorized series of „ Dollars ($ ) principal amount of Congress Circle Union Bonds of 1963, Series , which with the 1963 Series Bonds constitute an issue of Ten Million Eight Hundred Thousand Dollars ($10,800,000) issued and to be issued pursuant to a Bond Resolution (herein called "Resolution") of T h e Board of Trustees of the University of Illinois duly adopted June 19, 1963, for the purpose of providing funds for paying the cost of constructing and equipping a Union Building and parking facilities at the University of Illinois at Congress Circle (herein called the "Project") as set forth in the Resolution. 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 set forth therein. The bonds of this series are 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 or after, but not prior to April 1, 1971, solely from surplus moneys in the Congress Circle Bond Fund, after the debt service reserve provided in Section 5.02 of the Resolution has been fully established and all provisions of Section 5.02 of the Resolution 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 resumed 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. The bonds of this series are also redeemable (under circumstances not included in the foregoing p a r a g r a p h ) , either in whole c in part, prior to their