Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 220]

EXTRACTED TEXT FROM PAGE:

1949]

UNIVERSITY

OF

ILLINOIS

217

provided for in and by said Deposit Agreement, and to establish from time to time charges and fees for the use of said buildings and to maintain and collect charges and fees sufficient to pay the reasonable cost of operating, maintaining, insuring and repairing of said buildings, and pay the principal of and interest upon all revenue bonds which by their terms are payable from such revenues until all of such bonds have been paid in full, both as to principal and interest. 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 signatures of the President and Secretary of said Board of Trustees, and this bond to be dated the fifteenth day of February, 1949. President, Board of Trustees, University of Illinois Member, Board of Trustees, University of Illinois Member, Board of Trustees, University of Illinois 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 Women's Residence Halls Revenue Bond of 1949, dated February 15, 1949, Number President, Board of Trustees Secretary, Board of Trustees

* The clause within the parentheses to be inserted in all coupons maturing after optional date of bonds to which they are attached.

(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 Women's Residence Halls located at 1005 South Lincoln Avenue, in the City of Urbana, Illinois 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 in a separate account and fund and apart from any other funds of said University, and said