Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 1276]

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UNIVERSITY OF ILLINOIS

1373

After completion of the project the Comptroller of the University shall execute a certificate to the effect that said project has been fully completed according to plans and specifications and the same filed in the office of the Secretary of the Board of Trustees of the University of Illinois. If there be any funds remaining in said Construction Fund Account at the time of filing of such certificate with the Secretary, said funds shall be withdrawn by the Comptroller and credited to the Bond and Interest Sinking Fund Account hereinbefore provided for. SECTION 12. The provisions of this resolution shall constitute a contract between The Board of Trustees of The University of Illinois and the holders of the bonds herein authorized to be issued, and after the issuance of the bonds no changes, additions, alterations or amendments of any kind shall be made to this resolution in any manner, until such time as all of said bonds issued hereunder, and interest thereon, shall be paid in full, or unless and until provision shall have been made for the payment of all bonds hereby authorized and interest thereon in full. SECTION 13. Any holder of a bond or bonds, or any of the coupons of any bond or bonds, issued under the provisions of this resolution, may either in law or in equity, by suit, action, mandamus or other proceeding, enforce or compel the performance of all duties required by this resolution or the acts under which the bonds hereby authorized are issued, including the fixing, maintaining and collecting of such rents, charges and fees for the use of such properties and all facilities thereof as will be sufficient for all the purposes provided by this resolution, and the application of income and revenue therefrom. SECTION 14. If any section, paragraph, clause or provision of this resolution shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the other provisions of this resolution. SECTION 15. That the President, Secretary, Comptroller and Treasurer of The Board of Trustees of the University of Illinois, be and they are each of them hereby authorized and directed to execute all instruments, papers, documents and agreements necessary or convenient to accomplish the issue and delivery of the said Revenue Bonds to the purchaser thereof. SECTION 16. That said revenue bonds shall be executed as provided herein as soon after this resolution becomes effective as may be, be deposited with the Treasurer of said University, and be by him delivered to John Nuveen & Co. and Associates, the purchasers thereof, upon receipt of the purchase price, and the contract for the sale thereof heretofore entered into be and the same is hereby in all respects ratified and approved. SECTION 17. That this resolution shall be in full force and effect from and after its passage. Passed _..: Recorded Attest: President, Board of Trustees Secretary STATE OF ILLINOIS 1 o<; COUNTY OF CHAMPAIGN; ^ I, , do hereby certify that I am the duly qualified and* acting'Secre'tary of the Board of Trustees of the University of Illinois, and as such official have charge and custody of the minutes of the meetings and records of the Board of Trustees of said University of Illinois, and as such official I further certify that the foregoing resolution attached hereto, entitled "RESOLUTION authorizing the issue of revenue bonds of the University of Illinois in the principal amount of $1,750,000 for the purpose of providing funds necessary to construct, complete and equip certain revenue producing buildings for said University in the Cities of Urbana and Champaign, Illinois, _ _ , 1952. , I952-