university of illinois - UIHistories Project

1956] UNIVERSITY OF ILLINOIS S3
in an amount less than $1,000 shall be credited to the Bond and Interest Sinking
Fund Account.
SECTION 12. The provisions of this resolution shall constitute a contract between
The Board of Trustees of the University of Illinois and the holders of the
bonds herein authorized to be issued, and after the issuance of the bonds no
changes, additions, alterations, or amendments of any kind shall be made to this
resolution in any manner, except with the consent of the holders of sixty-five per
cent (65%) of the outstanding bonds, until such time as all of said bonds issued
hereunder, and interest thereon, shall be paid in full, or unless and until provision
shall have been made for the payment of all bonds hereby authorized and interest
thereon in full.
SECTION 13. Any holder of a bond or bonds, or of any of the coupons of any
bond or bonds, issued under the provisions of this resolution, may either in law or
in equity, by suit, action, mandamus, or other proceeding, enforce or compel the
performance of all duties required by this resolution or the acts under which the
bonds hereby authorized are issued, including the fixing, maintaining, and collecting
of such rents, charges, and fees for the use of such properties and all facilities
thereof, as well as establishing parietal rules and regulations thereto, as will be
sufficient for all the purposes provided by this resolution, and the application of
income and revenue therefrom.
SECTION 14. If any section, paragraph, clause, or provision of this resolution
shall be held invalid, the invalidity of such section, paragraph, clause, or provision
shall not affect any of the other provisions of this resolution.
SECTION 15. That the President, Secretary, Comptroller, and Treasurer of The
Board of Trustees of the University of Illinois, be and they are each of them
hereby authorized and directed to execute all instruments, papers, documents, and
agreements necessary or convenient to accomplish the issue and delivery of the
said Revenue Bonds to the purchasers thereof.
SECTION 16. That said revenue bonds shall be executed as provided herein as
soon after this resolution becomes effective as may be, and be deposited with the
Treasurer of said University. Bonds designated as "A" bonds shall be by him
delivered to White, Weld & Co., Chicago, Illinois, the purchasers thereof, upon
receipt of the purchase price, and the contract for the sale thereof heretofore
entered into be and the same is hereby in all respects ratified and approved. Bonds
designated as "B" bonds shall be delivered by the Treasurer of said University to
The Federal Reserve Bank of Chicago upon receipt of the purchase price in
accordance with the provisions of the Loan Agreement between the Housing and
Home Finance Agency and the University, dated August 1, 1956.
SECTION 17. That this resolution shall be in full force and effect from and
after its passage.
Attest:
Passed , 1956.
Recorded , 1956.
Secretary
STATE OF ILLINOIS \ c c
s s
COUNTY OF CHAMPAIGN}
President, Board of Trustees
I, A. J. Janata, do hereby certify that I am the duly qualified and acting Secretary
of The Board of Trustees of the University of Illinois, and as such official
have charge and custody of the minutes of the meetings and records of The Board
of Trustees of the University of Illinois, and as such official I further certify that
he foregoing resolution attached hereto, entitled