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Caption: Board of Trustees Minutes - 1976
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1976] UNIVERSITY OF ILLINOIS 657 Applicable Premium (Percent) 4 3 2 1 Period of Redemption April 1, 1986, through October 1, 1987 April 1, 1988, through October 1, 1989 April 1, 1990, through October 1, 1991 April 1, 1992, through October 1, 1993 April 1, 1994, and thereafter without premium SECTION 2.04. Payment of Principal and Interest. Both the principal of and interest on the Series 1976 Bonds shall be payable in any coin or currency which on the respective date 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. SECTION 2.05. Form of Bonds. The definitive coupon Series 1976 Bonds, the interest coupons to be attached thereto, the form of fully registered Series 1976 Bonds without coupons, the form of registration endorsement to appear on all coupon Bonds, the form of principal payment record, and the form of assignment to appear on all fully registered Bonds shall be in substantially the following forms with appropriate insertions, omissions, and variations to evidence differences in number, amount, interest rate, maturity, and like matters: (Form of Coupon Bond) U N I T E D STATES O F AMERICA STATE O F I L L I N O I S T H E BOARD O F T R U S T E E S O F T H E U N I V E R S I T Y O F I L L I N O I S M E D I C A L C E N T E R PARKING R E V E N U E BOND Series of 1976 Number $5,000 T H E BOARD O F T R U S T E E S O F T H E U N I V E R S I T Y O F I L L I N O I S , a body corporate, created and existing under the laws of the State of Illinois, for value received promises to pay to bearer, but only out of the Medical Center Parking Revenue Bond Fund, as hereinafter provided for, and not otherwise, the principal sum of F I V E T H O U S A N D D O L L A R S ($5,000), on October 1, 19. , and to pay interest on said sum from the date hereof until paid at the rate of percent ( % ) per annum, payable October 1, 1976, and semiannually thereafter on the first days of April and October in each year until the principal amount hereof has been fully paid. Interest accruing on this bond on and prior to the maturity date hereof shall be payable on presentation and surrender of the interest coupons hereto attached as they subsequently become due, but no interest shall accrue on this bond after the maturity hereof whether by lapse of time, call for redemption, or otherwise unless this bond shall be presented for payment and be not then paid. Both principal hereof and interest hereon are hereby made payable 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. This bond is one of an initial authorized series of Four Million Five Hundred Thousand Dollars ($4,500,000) principal amount of Medical Center Parking Revenue Bonds, Series of 1976, issued and to be issued pursuant to a Bond Resolution (herein called "Resolution") of T h e Board of Trustees of the University of Illinois duly adopted June 16, 1976, for the purpose of providing funds for paying the cost of constructing and equipping a parking facility for the University of Illinois at The Medical Center (herein called the "Project") as set forth in the Resolution.
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