UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Book - Housing Bond Issue of 1952 [PAGE 3]

Caption: Book - Housing Bond Issue of 1952
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M A T U R I T Y DATES March 1, 1954

PRINCIPAL AW $20,000

PROPOSAL FOR THE PURCHASE OF $1,750,000

UNIVERSITY OF ILLINOIS URBANA-CHAMPAIGN RESIDENCE HALLS REVENUE BONDS SERIES OF 1952

To

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BOARD OF TRUSTEES OF

ILLINOIS

1952

I NIVEBSITY OF ILLINOIS

l ' \ -\! Ksuv OF

•> \ HI,

CENTER

HOTEL ILLINOIS

U F N TLKMFN :

:• one million seven hundred fifty thousand dollars ($1,750,000), par value, Revenue Bonds for the Urbanatmpaign Residence Halls, Series of 1952, of the Board of Trustees of the University of Illinois, bearing interest at the rate or rates specified below, we will pay you

) and accrued interest to the date of the delivery of said bonds to us. The said bonds maturing from shall bear interest at the rate of The said bonds maturing from shall bear interest at the rate of The said bonds maturing from shall bear interest at the rate of It is hen will 1 It and A 1 that. mditioi be named as Paying Agent for these Bonds. This proposal is subject to all oi the of the notice of sale contained in the Official Statement dated January 7. 1952. to per centum ( to per centum ( to per centum ( % ) per annum. % ) per annum inclusive % ) per annum inclusive inclusive

represented that the gross interest cost, computed upon the above specified rate or rates of interest, , and that the net interest cost (deducting premium offered, if any) will be $

heck in the amount of seventeen thousand five hundred dollars ($17,500.00), payable to 77iV Boon I of th- Ufti rsity of Illinois, accompanies this proposal as an evidence of good faith, and said check | tO the Undersigned if this bid he not accepted or if the Board should tail to deliver said bonds

\ i„ a i ordance with the terms of this hid; otherwise said check shall be held by the Board and

dl be ind When the bonds are delivered and paid for under the terms oi tins hid as part payment

ipplicd as and for liquidated damages in the event that the undersigned tails to take up and r» ».

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