Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 689]

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678

BOARD OF TRUSTEES

[June 16

Section 9.04, of the holders of sixty-six and two-thirds percent (66%%) in principal amount of all of the Bonds then outstanding; provided that no such modification or amendment shall (i) extend the maturity of or reduce the interest rate on, or otherwise alter or impair the obligation of the University to pay the principal or interest or redemption premiums at the time and place and at the rate and in the currency provided therein of any Bond without the express consent of the holder of such Bond, or (ii) permit the creation by the University of any mortgage or pledge or lien on the facilities, or upon any income therefrom or other funds pledged or held hereunder, except as permitted by this Resolution, other than the lien and pledge created by this Resolution, or (iii) permit the creation of a preference or priority of any Bond or Bonds over any other Bond or Bonds or coupon or coupons, or (iv) reduce the percentages of Bonds required for the affirmative vote or written consent to an amendment or modification, without the written consent of holders of all Bonds. SECTION 9.02. Bond Holders Meetings. T h e University may at any time call a meeting of the holders of Bonds. Every such meeting shall be held at such place in the City of Chicago, State of Illinois, as may be specified in the notice calling such meeting. Written notice of such meeting, stating the place and time of the meeting and in general terms the business to be submitted, shall be given by the University by registered or certified mail, postage prepaid, not less than thirty (30) nor more than sixty (60) days before such meeting, to each registered owner of Bonds then outstanding, at his address, appearing upon the books of registration, and in the event there shall then be outstanding any coupon Bonds which shall not be registered as to principal such notice shall also be published by the University at least once a week for two (2) successive weeks in a daily newspaper published in the English language and having a general circulation in the City of Chicago, State of Illinois, and also by similar publication in a financial newspaper published in the Borough of Manhattan in the City and State of New York, the first publication to be not less than thirty (30) nor more than sixty (60) days prior to the meeting; provided, however, that in any case where publication shall be required as herein before set forth the mailing of such notice shall in no case be a condition precedent to the validity of any action taken at any such meeting. SECTION 9.03. Attendance in Person or by Proxy. Attendance and voting of Bond holders at such meeting may be in person or by proxy. Owners of Registered Bonds may, by an instrument in writing under their hands, appoint any person as their proxy to vote at any meeting for them. I n order that holders of Bonds payable to bearer or their proxies may attend and vote without producing their Bonds, the University may make and from time to time vary such regulations, as it shall think proper for the deposit of Bonds with, or exhibit of Bonds to, any banks or trust companies, wherever situated, and for the issue by them, to the persons depositing or exhibiting such Bonds, of certificates in form approved by the University which shall constitute proof of ownership entitling the holders thereof to be present and vote at any such meeting and to appoint proxies to represent them and vote for them at any such meeting in the same way as if the persons so present and voting, either personally or by proxy, were the actual bearers of the Bonds in respect of which such certificates shall have been issued, and any regulations so made shall be binding and effective. Copies of such regulations shall be kept on file in the offices of the paying agent in Chicago, Illinois, and the Secretary of the University. Any registered owner of Bonds or any holder of a certificate provided for in this Section 9.03 shall be entitled in person or by proxy to attend and vote at such meeting as holder of the Bonds registered or certified in his name, without producing such Bonds. All others seeking to attend or vote at such meeting in person or by proxy must produce the Bonds claimed to be owned or represented at such meet-