Repository: UIHistories Project: Board of Trustees Minutes - 1952 [PAGE 529]

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626

BOARD OF TRUSTEES

[March 13

This bond is one of an authorized issue of F o u r Million Six H u n d r e d Thousand Dollars ($4,600,000), all of like date and of the denomination of $1,000 each, numbered from 1 through 4600, and all of said bonds are subject to redemption, prior to maturity, as a whole or in part in the inverse order in which they mature on any interest payment date on or after April 1, 1956, and up to and including October 1, i960, at par and accrued interest, and a premium of two and one-half per cent (2^2%) of the principal amount thereof; and a premium of two per cent ( 2 % ) of the principal amount thereof if redeemed on April 1, 1961, or on any interest payment date thereafter up to and including October 1, 1970; and a premium of one per cent ( 1 % ) of the principal amount thereof if redeemed on April 1, 1971, or on any interest payment date thereafter prior to maturity. If funds are available to call and redeem some but not all of the said bonds of any maturity, the bonds to be called for redemption shall be selected by lot in any usual manner. Notice of redemption of any or all of said bonds shall be published once not less than thirty days prior to the date of redemption, such publication to be made in one newspaper published and of general circulation in the City of Chicago, and when this bond or any of the bonds of such authorized issue shall have been called for redemption interest thereon shall cease from and after the specified redemption date. This bond and the series of which it forms a part is issued under authority of an Act of the Legislature of the State of Illinois, entitled "An Act to authorize the Board of Trustees of the University of Illinois to acquire by purchase or otherwise, construct, equip, complete, operate, control, and manage student residence halls, staff housing facilities, dormitories, health and physical education buildings, or other revenue producing building or buildings, defining the duties of such Board with respect to operation and maintenance thereof, charge fees or rates for the use thereof, and providing for and authorizing the issue of bonds for the purpose of defraying the cost of construction, acquisition or equipment of any such building, or buildings, payable solely from the revenues derived from the operation thereof, and for the refunding of any such bonds. Approved June 30, 1945, L. 1945, p. 1753; title as amended by Act approved July 21, 1947," approved July 21, 1947, as amended, and all other laws supplementary thereto, and a resolution duly adopted by the Board of Trustees of the University of Illinois for the purpose of defraying the cost of constructing, completing and equipping certain revenue producing buildings for the Colleges of Dentistry, Medicine and Pharmacy of said University, in the City of Chicago, Illinois, on the following described property, to wit:

STUDENT RESIDENCE H A L L

Lots One (1) to Ten (10), inclusive, Fifty-nine (59), Sixty (60), Ninety-five (95) and Ninety-six (96), and the 16 foot alley running East and West and lying South of and adjoining said Lots I to 10, inclusive (hereafter to be vacated) and that part of the 16 foot alley running North and South and lying East of and adjoining said Lots 59 and 60 and West of and adjoining said Lots 95 and 96 as may hereafter be vacated, all in Potter Palmer's Subdivision of Lot Eleven (11) and that part of Lot Twelve (12) lying South of the center line of Polk Street, except Winchester Avenue, in Codwise's Subdivision of the West Half (W^4) of the Southeast Quarter (SE$4) of Section Eighteen (18), Township Thirty-nine (39) North, Range Fourteen (14) East of the Third Principal Meridian, except the West one and thirty-seven hundredths (1.37) chains.

S T A F F APARTMENT BUILDING

Lots One (1) to Eleven (11), inclusive, and Lots Thirteen (13) to Twenty-four (24), inclusive, in Sturges et al Resubdivision of Block Nine (9) in Assessor's Division of the East Half ( E J ^ ) of the Southeast Quarter ( S E % ) of Section Eighteen (18), Township Thirty-nine (39) North, Range Fourteen (14) East of the Third Principal Meridian.