202
Here you can see all page revisions and compare the changes have been made in each revision. Left column shows the page title and transcription in the selected revision, right column shows what have been changed. Unchanged text is highlighted in white, deleted text is highlighted in red, and inserted text is highlighted in green color.
12 revisions | Phil at Jul 01, 2023 04:30 PM | |
|---|---|---|
202Special Meeting Trust Agreement later than July 1, 1964, and maintain thereafter, a Bond Reserve Fund of not less than $27,500.00. In event the operating revenues are otherwise insufficient to pay the expense of operating and maintaining The Center, to pay the debt service requirements, and to create and maintain the Bond Reserve Fund as herein provided, the Board of Regents agrees to furnish heat, light, power and other similar utilities required for the use and operation of The Center without charging the same to the revenues received from the operation of The Center. II In order to raise funds for the construction, furnishings and equipping said Center the Board of Regents will execute and deliver to the Continental National Bank of Lincoln, Nebraska, its Revenue Bond in the principal amount of $350,000 which bond shall bear interest at the rate of three percent (3%) per annum from date until July 1, 1964, and six percent (6%) per annum thereafter, payable semi-annually on July 1st and January 1st of each year commencing July 1, 1964. No payment of principal shall be required until January 1, 1965. Commencing Junuary 1, 1965, and semi-annually thereafter, the Board of Regents shall pay to the Trustee the sum of $13,603 to be applied first to the payment of interest then due for the previous six months and the balance of the principal. The interest shall be computed semi-annually on the unpaid balance of the principal. The maker of the Bond shall have the privilege of paying any amount on any interest payment date and all amounts so paid shall be applied upon the unpaid principal balance and such prepayment shall not reduce the semi-annual installments required to be paid under said bond. If at any time on or after July 1, 1964, the holder of the bond so requests in writing the Board of Regents agrees at its own expense to prepare, execute, register and deliver to the holder of the bond, in exchange for the bond, printed coupon Revenue Bonds in the denomination of $1,000 each in the total amount of the unpaid balance of the Revenue Bonds. The new $1,000 Revenue Bonds shall bear interest and be payable on such amortized schedule as the Board of Regents and the holder of the bond may agree and in the absence of such Agreement shall bear interest and mature in accordance with the interest requirements and maturity dates of the installments of this bond. The new bonds shall contain the applicable provisions of the original Revenue Bond and when issued shall be surrendered and cancelled and not reissued. Bond Form III Tne original Revenue Bond shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF NEBRASKA THE BOARD OF REGENTS OF THE UNIVERSITY OF NEBRASKA THE CENTER REVENUE BOND January 1, 1959 No. 1 $350,000.00 KNOW ALL MEN BY THESE PRESENTS: That The Board of Regents of the University of Nebraska hereby acknowledges itself to owe and for value received promises to pay to Continental National Bank of Lincoln, Nebraska, or order, but only out of the special funds as herein provided, the principal sum of Three Hundred Fifty Thousand Dollars together with interest thereon from date until July 1, 1964, at the rate of three per centum (3%) per annum and thereafter until maturity - 192 - | 202Special Meeting Trust Agreement later than July 1, 1964, and maintain thereafter, a Bond Reserve Fund of not less than $27,500.00. In event the operating revenues are otherwise insufficient to pay the expense of operating and maintaining The Center, to pay the debt service requirements, and to create and maintain the Bond Reserve Fund as herein provided, the Board of Regents agrees to furnish heat, light, power and other similar utilities required for the use and operation of The Center without charging the same to the revenues received from the operation of The Center. II In order to raise funds for the construction, furnishings and equipping said Center the Board of Regents will execute and deliver to the Continental National Bank of Lincoln, Nebraska, its Revenue Bond in the principal amount of $350,000 which bond shall bear interest at the rate of three percent (3%) per annum from date until July 1, 1964, and six percent (6%) per annum thereafter, payable semi-annually on July 1st and January 1st of each year commencing July 1, 1964. No payment of principal shall be required until January 1, 1965. Commencing Junuary 1, 1965, and semi-annually thereafter, the Board of Regents shall pay to the Trustee the sum of $13,603 to be applied first to the payment of interest then due for the previous six months and the balance of the principal. The interest shall be computed semi-annually on the unpaid balance of the principal. The maker of the Bond shall have the privilege of paying any amount on any interest payment date and all amounts so paid shall be applied upon the unpaid principal balance and such prepayment shall not reduce the semi-annual installments required to be paid under said bond. If at any time on or after July 1, 1964, the holder of the bond so requests in writing the Board of Regents agrees at its own expense to prepare, execute, register and deliver to the holder of the bond, in exchange for the bond, printed coupon Revenue Bonds in the denomination of $1,000 each in the total amount of the unpaid balance of the Revenue Bonds. The new $1,000 Revenue Bonds shall bear interest and be payable on such amortized schedule as the Board of Regents and the holder of the bond may agree and in the absence of such Agreement shall bear interest and mature in accordance with the interest requirements and maturity dates of the installments of this bond. The new bonds shall contain the applicable provisions of the original Revenue Bond and when issued shall be surrendered and cancelled and not reissued. Bond Form III Tne original Revenue Bond shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF NEBRASKA THE BOARD OF REGENTS OF THE UNIVERSITY OF NEBRASKA THE CENTER REVENUE BOND January 1, 1959 No. 1 $350,000.00 KNOW ALL MEN BY THESE PRESENTS: That The Board of Regents of the University of Nebraska hereby acknowledges itself to owe and for value received promises to pay to Continental National Bank of Lincoln, Nebraska, or order, but only out of the special funds as herein provided, the principal sum of Three Hundred Fifty Thousand Dollars together with interest thereon from date until July 1, 1964, at the rate of three per centum (3%) per annum and thereafter until maturity - 192 - |