Repository: UIHistories Project: Board of Trustees Minutes - 1948 [PAGE 812]

EXTRACTED TEXT FROM PAGE:

1947]

UNIVERSITY OF ILLINOIS

8ll

I N W I T N E S S W H E R E O F , said University of Illinois, by its Board of Trustees, has caused this bond to be signed by the President of the Board of Trustees and two members thereof, its corporate seal to be hereto affixed, attested by the Secretary of said Board, and the coupons hereto attached to be authenticated by the facsimile signature of the Treasurer of said University, and this bond to be dated the first day of October, 1947.

President, Board of Trustees, University of Illinois Member, Board of Trustees, University of Illinois Member, Board of Trustees, University of Illinois

ATTEST:

Secretary, Board of Trustees, University of Illinois ( F o r m of Coupon) Number $ On the first day of , 19 * (unless the within mentioned bond has theretofore been called for payment, as therein provided, and payment made or provided f o r ) , the University of Illinois will pay to bearer solely from the special fund referred to in the said bond to which this coupon is attached Dollars ($ ) in lawful money of the United States of America at The Northern Trust Company, in the City of Chicago, Illinois, being interest then due on its Illini Union Building Revenue Bond, dated October 1, 1947, Number Treasurer, University of Illinois * The clause within the parentheses to be inserted in all coupons attached to bonds numbered 101 to 425, inclusive, maturity after optional date. (Form of Registration)

Date of Registration

In Whose Name Registered

Signature of Registrar

SECTION 5. That upon the issuance of any revenue bonds herein provided for there be and there is hereby established a fiscal year for the operation of said Illini Union Building and said fiscal year shall commence the first day of July of each year and end the last day of the next succeeding June and all revenues derived from the operation thereof shall be set aside as collected and kept separate and apart from any other funds of said University, and said University covenants that all the revenues, income, receipts, profits, rates, rents, charges, fees and returns derived from the said building and the operation thereof, after setting aside therefrom the reasonable cost of operating, maintaining, insuring and repair-