Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 1117]

EXTRACTED TEXT FROM PAGE:

i95o]

UNIVERSITY OF ILLINOIS

IIO9

property line of Goodwin Avenue, a distance of three hundred thirty-five and fiftytwo hundredths (335.52) feet to an iron pin; thence in a westerly direction, a distance of one hundred and two hundredths (100.02) feet to an iron pin; thence in a northerly direction along a line parallel to the east property line of Goodwin Avenue, a distance of one hundred sixty-four and thirteen hundredths (164.13) feet to an iron pin; thence in an easterly direction and at ninety degrees (900) to the preceding course, a distance of nine and seventy-three hundredths (9.73) feet to an iron pin; thence in a northerly direction and at ninety degrees (900) to t h e preceding course and parallel to the east property line of Goodwin Avenue, a distance of one hundred seventy and five tenths (170.5) feet to the place of beginning, containing seven hundred and thirty-one thousandths (0.731) of an acre, more or less, but subject to all legal highways. located on Green Street in the City of Urbana, Illinois, said bonds being dated May 1, 1950, and maturing as follows: Principal Bond Maturity Amount Numbers Dates April I, 1951 !5i3,ooo i- 13 incl .October 1, 1951 14,000 14- 27 .April 1, 1952 14,000 28-41 .October 1, 1952 14.000 42- 55 .April 1, 1953 14,000 56- 69 .October 1, 1953 14,000 70- 83 .April 1, 1954 15,000 84- 98 .October 1, 1954 15,000 99-113 • April I, 1955 15,000 114-128 .October 1, 1955 15,000 129-143 .April 1, 1956 15,000 144-158 .October 1, 1956 16,000 159-174 • April 1, 1957 16,000 175-190 .October 1, 1957 16,000 191-206 .April 1, 1958 16,000 207-222 .October 1, 1958 17,000 223-239 .April 1, 1959 17,000 240-256 .October 1, 1959 17.000 257-273 .April 1, i960 18,000 274-291 .October r, i960 18,000 292-309 .April 1, 1961 18,000 310-327 .October 1, 1961 18,000 328-345 .April 1, 1962 19.000 346-364 .October 1, 1962 19,000 365-383 .April 1, 1963 19,000 384-402 .October 1, 1963 20,000 403-422 .April 1, 1964 20,000 423-442 .October 1, 1964 20,000 443-462 .April 1, 1965 20,000 463-482 .October 1, 1965 20,000 483-502 .April 1, 1966 21,000 503-523 .October 1, 1966 21,000 524-544 .April I, 1967 21,000 545-565 .October 1, 1967 22,000 566-587 .April 1, 1968 22,000 588-609 .October 1, 1968 22,000 610-631 April 1, 1969 23,000 632-654 October 1, 1969 23,000 655-677 .April 1, 1970 23,000 678-700 bonds numbered 1 to 345, inclusive, bearing interest at the rate of two and onefourth per cent (2j4%) per annum, bonds numbered 346 to 462, inclusive, bearing interest at the rate of two and one-half per cent (2j4%) per annum, and bonds numbered 463 to 700, inclusive, bearing interest at the rate of two and three-fourths per cent (2f<%) per annum, interest payable October 1, 1950 and semi-annually thereafter on the first days of April and October in each year, said bonds being