Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 901]

EXTRACTED TEXT FROM PAGE:

892

BOARD OF TRUSTEES

[September 29

charges and fees sufficient to pay the reasonable cost of operating, maintaining, insuring and repairing of said facilities, 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 first day of October, 1949. President, Board of Trustees, University of Illinois Member, Board of Trustees, University of Illinois

ATTEST :

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 Marine National Exchange Bank of Milwaukee, in the City of Milwaukee, Wisconsin, being interest then due on its Staff Housing Revenue Bond, Series of 1949, dated October 1, 1949, Number President, Board of Trustees Secretary, Board of Trustees

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

( F o r m of Registration) Date of Registration In Whose Name Registered Signature of Registrar

SECTION 5. T h a t 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 staff housing facilities located on the property heretofore described in the preambles of this resolution, in the City of Urbana, Illinois and said fiscal year shall