Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 674]

EXTRACTED TEXT FROM PAGE:

1976]

UNIVERSITY OF ILLINOIS

663

created thereunder, or (iii) permit the creation by The Board of Trustees of the University of Illinois of any preference or priority of any bond or bonds over any other bond or bonds or coupon or coupons over any other coupon or coupons, or (iv) reduce the percentage of principal amount of bonds required for the affirmative vote or written consent to an amendment or modification without the consent of the holder of this bond; all as more fully set forth in the Resolution. T h e Board of Trustees of the University of Illinois hereby covenants with the holder of this bond that it will keep and perform all the covenants and agreements in the Resolution adopted by it, authorizing the issuance of this bond and the series of which it forms a part, and hereby irrevocably obligates itself to administer the said income and revenue derived from the operation of said facilities, as provided for in and by said Resolution, and to establish from time to time rules, rents, fees, and other charges for the use of said facilities and to maintain and collect rents, fees, and other charges for the use of the facilities as will, when supplemented with Hospital Revenues to the extent provided in the Resolution, provide revenue sufficient to maintain the Bond and Interest Sinking Fund Account and the required reserves therefor, to pay the reasonable cost of operating and maintaining said facilities and to provide and maintain the Repair, Replacement, and Resurfacing Reserve Account until all of such bonds have been paid in full, both as to principal and interest. It is hereby certified and recited and declared that all acts, conditions, and things required to exist, to happen, and to be performed, precedent to and in the issuance of this bond, have existed, have happened, and have been performed in due form, time, and manner, as required by law and the applicable resolutions of The Board of Trustees of the University of Illinois, and that provision has been made for setting aside the income and revenue to be derived from the operation of said facilities to be applied in the manner hereinabove set forth. IN WITNESS W H E R E O F , The Board of Trustees of the University of Illinois has caused this bond to be executed by the facsimile signature of its President and two of its members, the corporate seal of the University of Illinois to be hereto affixed (or a facsimile thereof to be reproduced hereon), and attested by its Secretary, and this bond to be dated as of the 1st day of , 19 T H E BOARD O F T R U S T E E S O F T H E UNIVERSITY OF ILLINOIS Attest: Secretary Member (Form of Assignment of Registered Bonds without Coupons) For Value Received . . hereby sell, assign, and transfer unto . the within mentioned bond together with accrued interest thereon, and all right, title, and interest thereto and hereby irrevocably constitute and appoint . . , attorney to transfer the same on the books of Registration of the University, with full power of substitution in the premises. Dated: Witness: . . — By President Member

NOTE: T h e signature to this Assignment must correspond with the name as written on the face of the within bond in every particular, without alteration or enlargement or any change whatsoever except when the registered owner is