Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 328]

EXTRACTED TEXT FROM PAGE:

1957]

UNIVERSITY OF ILLINOIS

325

through A3750, and bonds numbered A i through A385, inclusive, shall bear interest at the rate of five per cent ( 5 % ) , bonds numbered A386 through A695, inclusive, shall bear interest at the rate of four and one-half per cent ( 4 J 4 % ) , bonds numbered A696 through A2130, inclusive, shall bear interest at the rate of four and one-fourth per cent (4%%), bonds numbered A2131 through A3550 shall bear interest at the rate of four and four-tenths per cent (4 4 / 1 0 % ) , and bonds numbered A3551 through A3750, inclusive, shall bear interest at the rate of three and one-half per cent ( 3 ^ 2 % ) , and Series B bonds shall be numbered Bi through B3000, inclusive, shall bear interest at the rate of two and seven-eighths per cent (2%"/c) per annum, payable October 1, 1957, and semiannually thereafter on the first days of April and October of each year until paid, which interest payments to date of maturity of principal shall be evidenced by proper interest coupons attached to each bond and maturing on the dates herein provided, and said bonds shall mature in each of the years and in amounts as follows: Series A Bonds Bond Principal Numbers Amount A i - A40 £40,000 A41- A85 45.°°° A86- A130 45,000 A131- A175 45,000 A176- A225 50,000 A226- A275 50,000 A276- A330 55,ooo A331- A385 55,ooo A386- A440 55,ooo A441- A500 60,000 A501- A560 60,000 A561- A625 65,000 A626- A695 70,000 A696- A765 70,000 A766- A840 75,000 A841- A915 75,000 A916- A995 80,000 A996-A1080 85,000 A1081-A1165 85,000 A1166-A1255 90,000 A1256-A1350 95,000 A1351-A1450 100,000 A1451-A1555 105,000 A1556-A1660 105,000 A1661-A1770 110,000 A1771-A1885 115,000 A1886-A2005 120,000 A2006-A2130 125,000 A2131-A2260 130,000 A2261-A2395 135,000 A2396-A2540 145,000 A2541-A2690 150,000 A2691-A2845 155,000 A2846-A3010 165,000 A3011-A3180 170,000 A3181-A3360 180,000 A3361-A3550 190,000 A3551-A3750 200,000 Series B Bonds Bond Principal Numbers Amount B i - B45 £45,000 B46- B90 45,000 B91- B135 45,000 B136- B185 50,000 B186- B235 50,000 B236- B285 50,000 B286- B340 55,ooo B341- B395 55,ooo B396- B450 55,000 B451- B505 55,000 B506- B565 60,000 B566- B625 60,000 B626- B685 60,000 B686- B750 65,000 B751- B815 65,000 B816- B885 70,000 B886- B955 70,000 B956-B1025 70,000 B1026-B1100 75,000 B1101-B1175 75,000 B1176-B1255 80,000 B1256-B1335 80,000 B1336-B1420 85,000 B1421-B1505 85,000 B1506-B1595 90,000 B1596-B1685 90,000 B1686-B1780 95,000 B1781-B1875 95,000 B1876-B1975 100,000 B1976-B2075 100,000 B2076-B2180 105,000 B2181-B2290 110,000 B2291-B2400 110,000 B2401-B2515 115,000 B2516-B2630 115,000 B2631-B2750 120,000 B2751-B2875 125,000 B2876-B3000 125,000

Maturity Dates April 1, i960 April 1, 1961 April 1, 1962 April 1, 1963 April 1, 1964 April 1, 1965 April 1, 1966 April 1, 1967 April 1, 1968 April i, 1969 April 1, 1970 April 1, 1971 April 1, 1972 April 1, 1973 April I, 1974 April 1, 1975 April 1, 1976 April 1, 1977 April 1, 1978 April 1, 1979 April 1, 1980 April 1, 1981 April 1, 1982 April 1, 1983 April 1, 1984 April 1, 1985 April 1, 1986 Apirl 1, 1987 April 1, 1988 April 1, 1989 April 1, 1990 April 1, 1991 April 1, 1992 April 1, 1993 April 1, 1994 April 1, 1995 April 1, 1996 April 1, 1997

provided, however, that said bonds maturing on April I of each of the years 1968 ,0 l 9Q7, inclusive, shall be redeemable prior to maturity, as a whole or in part, on Apnl 1, 1967, or on any interest payment date thereafter in the inverse order in which they mature, at the option of T h e Board of Trustees of the University of Illinois at par and accrued interest, and a premium as follows: four per cent ( 4 % ) 01 the principal amount thereof if redeemed April 1, 1967, through October 1,