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Caption: Board of Trustees Minutes - 1958
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48 BOAKD OF TEUSTEES [September 18 (Form of Interest Coupon) NUMBER$ _ On the first day of , 19 (unless the bond to which this coupon is attached has theretofore been called for payment and payment made or provided for), The Board of Trustees of the University of Illinois will pay to bearer, solely out of the fund specified in the bond to which this coupon is attached, the sum of _ — Dollars ($ ) in any coin or currency which, on the respective dates of payment of such principal and interest is legal tender for the payment of debts due the United States of America, at the First National Bank of Chicago, in the City of Chicago, Illinois, or at the option of the holder, at the Chase Manhattan Bank, in the City of New York, New York, for interest due that day on its Women's Residence Halls Revenue Bond of 1956, Series — , dated October i, 1956, Number H. B. Megran President, Board of Trustees A. J. Janata Secretary, Board of Trustees (Form of Registration) Date of Registration In Whose Name Registered Signature of University Comptroller SECTION 5. That upon the issuance of the said revenue bonds herein provided for, there be and there is hereby established a fiscal year for the operation of said addition to the Women's Residence Halls known as Lincoln Avenue Residences, located at 1005 South Lincoln Avenue, Urbana, Illinois, and such fiscal year shall commence the first day of July of each year and end the last day of the next succeeding June, and all of the revenues derived from the operation of said addition shall be set aside as collected in a separate account and fund, which is hereby created and designated as "Women's Residence Halls Revenue Bond Fund of 1956," and The Board of Trustees of the University of Illinois covenants that all revenues, income, receipts, profits, rates, rents, charges, fees, and returns derived from the operation of said addition shall be deposited in such fund and shall be used only in paying the reasonable cost of operating and maintaining said addition, including, without thereby limiting the generality of the foregoing, salaries, wages, costs of materials, supplies, insurance, and the reasonable repair necessary to maintain said addition properly, for the creation and maintenance of a sinking fund, as hereinafter provided for the payment of the principal and interest of the revenue bonds herein provided for, which by their terms are payable only from the revenues derived from the operation of said addition, and from student fees and tuition, all as hereinafter provided in Section 6 of this Resolution. The word "repair" as used in this Resolution shall be construed to refer only to such repairs as are necessary to keep the addition in proper condition for use and occupancy, or are so certified to be necessary to remedy some physical condition which would otherwise impair or endanger the use and occupancy thereof and the security of the bonds hereby authorized, and all other bonds that may hereafter be authorized, which by their terms are payable from the revenues derived from the operation of said addition. SECTION 6. That there be and there are hereby created the following special accounts in the "Women's Residence Halls Revenue Bond Fund of 1956," to wit:
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