UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 1245]

Caption: Board of Trustees Minutes - 1952
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I34 2

BOARD OF TRUSTEES

[January 21

prior to March 1, 1952, in the Chicago Journal of Commerce Edition of the Wall Street Journal, published and of general circulation in the city of Chicago, Illinois, and that such notice of redemption shall be substantially in the following form: NOTICE OF INTENTION TO REDEEM $233,000 UNIVERSITY OF ILLINOIS MEN'S RESIDENCE HALLS REVENUE BONDS OF 1948.

To THE HOLDERS OF THE OUTSTANDING UNIVERSITY OF ILLINOIS MEN'S RESIDENCE HALLS REVENUE BONDS OF 1948, NUMBERED 168 TO 400, INCLUSIVE:

You and each of you are hereby notified that the Board of Trustees of the University of Illinois has determined to exercise its right of redemption of its outstanding University of Illinois Men's Residence Halls Revenue Bonds of 1948 in the principal amount of $233,000, numbered and maturing as follows: Principal Bond Maturity Amount Numbers Dates $22,000 168 to 189, inc. September 1, 1952 22,000 190 to 211, " March 1, 1953 13,000 212 to 224, " September 1, 1953 13,000 225 to 237, " March 1, 1954 13.000 238 to 250, " September 1, 1954 13,000 251 to 263, " March 1, 1955 13,000 264 to 276, " September 1, 1955 13,000 277 to 289, " March 1, 1956 13,000 290 to 302, " September 1, 1956 14,000 303 to 316, " March 1, 1957 14.000 317 to 330, " September 1, 1957 14,000 331 to 344, " March 1, 1958 14,000 345 to 358, " September I, 1958 14,000 359 to 372, " March 1, 1959 14.000 373 to 386, " September 1, 1959 14,000 387 to 400, " March 1, i960 The undersigned will deposit on or prior to March 1, 1952, the amount necessary to make payment of the redemption price provided in respect of said above described bonds called for redemption which in each case consists of the principal amount thereof, plus accrued interest and a premium of two per cent (2%) of said principal amount. There will on or prior to March 1, 1952, be deposited with the First National Bank of Chicago, in the city of Chicago, and state of Illinois, the paying agent and Depositary for said bonds, for payment to the holders of said bonds the amount necessary to pay and redeem the same, together with all proper charges and expenses of the paying agent. Payment will be made to the respective holders of the bonds on presentation at the First National Bank of Chicago of said bonds accompanied with interest coupons maturing on the date of redemption and all subsequent coupons. The resolution authorizing the issuance of said outstanding bonds of said University of Illinois provides that from and after the designated redemption date interest in respect of all bonds so called for redemption shall cease. By order of the Board of Trustees of the University of Illinois. Dated this 21st day of January, 1952.

LLOYD MOREY

Comptroller

A. J. JANATA

Secretary SECTION 3. That the Secretary be and is hereby authorized and directed to file a certified copy of this resolution with the First National Bank of Chicago, in the city of Chicago, Illinois, as paying agent and Depositary of the outstanding University of Illinois Men's Residence Halls Revenue Bonds of 1948, notifying