Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 217]

EXTRACTED TEXT FROM PAGE:

214 Principal Amount $17,000 i7>°oo 18,000 18,000 18,000 18,000 19,000 19,000 19,000 20,000 20,000 21,000 21,000 21,000 21,000 22,000 22,000 23,000 23,000 24,000 24,000 24,000 25,000 9,000

BOARD OF TRUSTEES Bond Numbers 318-334 incl 335-351 " 352-369 " 370-387 " 388-405 " 406-423 " 424-442 " 443-461 " 462-480 " 481-500 " : .501-520 " 521-541 " 542-562 " 563-583 " 584-604 " 605-626 " 627-648 " 649-671 " 672-694 " 695-718 " 719-742 " 743-766 " 767-791 " 792-800 "

[January 13

Maturity Dates October 1, 1961 April i, 1962 October 1, 1962 April 1, 1963 October 1, 1963 April 1, 1964 October 1, 1964 April 1, 1965 October 1, 1965 April 1, 1966 October 1, 1966 April 1, 1967 October 1, 1967 April 1, 1968 October 1, 1968 April 1, 1969 October 1, 1969 April 1, 1970 October 1, 1970 April I, 1971 October 1, 1971 April 1, 1972 October 1, 1972 April 1, 1973

provided, however, said bonds shall be redeemable as a whole or in part in the inverse order in which they are numbered, prior to their maturity on any interest payment date at the option of said Board of Trustees of the University of Illinois on or after April 1, 1952, and up to and including October 1, 1953, at par and accrued interest and a premium of three per cent ( 3 % ) of the principal amount thereof and a premium of two per cent ( 2 % ) of the principal amount thereof if redeemed on April I, 1954, or on any interest payment date thereafter up to and including October 1, 1958, and a premium of one per cent ( 1 % ) of the principal amount thereof if redeemed on April 1, 1959, or on any interest payment date thereafter before maturity. Notice of redemption of any or all of said bonds shall be given by publication at least once not less than thirty days prior to the date of redemption, such publication to be made once in one newspaper published and of general circulation in the City of Chicago, Illinois, and such notice of redemption shall, with substantial accuracy ( a ) designate the date and place of redemption, such place to be at the office of the Depositary hereinafter mentioned in the City of Chicago and State of Illinois; and (b) designate the numbers and the aggregate principal amount of such bonds; and (c) state that on the designated date of redemption said bonds will be redeemed by payment of principal thereof and the accrued interest thereon to date of redemption, plus the applicable redemption premium, and that from and after the designated redemption date interest in respect of all bonds so called for redemption shall cease. SECTION 3. Any of said bonds may be registered as to principal at any time prior to maturity in the name of the holder on the books of registration of said University to be kept in the office of the Depositary hereinafter mentioned, such registration to be noted on the reverse side of the bonds by the said Depositary as registrar. After such registration no transfer of such bonds shall be valid unless made on the said books by the registered owner in person or by his duly authorized attorney and similarly noted on such bonds. Upon presentation of any of such bonds registered as to principal, accompanied by a written instrument of transfer satisfactory to the Depositary hereinafter mentioned, executed by the registered owner, or by a duly authorized attorney, such bond shall be transferred upon such books. The registered owner of any such bond registered as to principal shall also have the right to cause the same to be discharged from registration by transfer to bearer, in which case transferability by delivery shall be restored, and thereafter the principal of such bond when due shall be payable to the person presenting such bond. Any such bond registered as payable to