Board of Visitors minutes February 9, 2007 | ||
Section 5.5 Cancellation of the Notes Upon Payment.
All Notes paid, redeemed or purchased by the University, either at or before maturity, shall be canceled upon the payment, redemption or purchase of such Notes and shall be delivered to the University when such payment, redemption or purchase is made. All Notes canceled under any of the provisions of this Resolution may be cremated or otherwise destroyed by the University or its designee.
Board of Visitors minutes February 9, 2007 | ||