Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 672]

EXTRACTED TEXT FROM PAGE:

1976]

UNIVERSITY OF ILLINOIS

661

(Form of Registered Bond without Coupons) 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 $ T h e Board of Trustees of the University of Illinois, a body corporate, created and existing under the laws of the State of Illinois, for value received promises to pay (but only out of the Medical Center Parking Revenue Bond Fund as hereinafter provided for, and not otherwise) to or registered assigns, on October 1, 19 , the principal sum of Dollars ($ ) and to pay interest thereon (which shall be paid by check or draft mailed to the registered owner at his address as it appears on the bond registration books of the University), 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 from the date hereof until the principal amount hereof has been fully paid. Both principal hereof and interest hereon are 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 issue 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 The 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. Said Resolution, among other things, provides for the issuance of additional bonds pursuant thereto in the manner and upon the terms and conditions more fully set forth therein. The bonds of this series are redeemable prior to their maturity at the option of the Board of Trustees, either in whole or in part on any interest payment date on and after, but not prior to April 1, 1986, in the inverse order in which they mature, at the principal amount thereof, together with interest accrued to the date of redemption plus a premium equal to the following percentages of such principal amount if redeemed during the following periods respectively: Applicable Premium Period of Redemption (Percent) April 1, 1986, through October 1, 1987 4 April 1, 1988, through October 1, 1989 3 April 1, 1990, through October 1, 1991 2 April 1, 1992, through October 1, 1993 1 April 1, 1994, and thereafter without premium Notice of redemption of any or all of said bonds shall be published once a week for two successive calendar weeks, the first such publication to be not less than thirty days prior to the date of redemption, such publication to be made in one daily newspaper printed in the English language and published and of general circulation in the City of Chicago, Illinois, and also in a financial newspaper printed in the English language and published and of general circulation in the Borough of Manhattan, City and State of New York, and when this bond or any of the bonds of such authorized issue shall have been duly called for redemption, interest thereon shall cease from and after the specified redemption date if redemption monies are available for the payment of all bonds called for redemption.