(110 ILCS 410/4) (from Ch. 144, par. 67)
Sec. 4.
The Board of Trustees of the University of Illinois is
authorized to execute any instruments or evidences of obligation to
repay, out of the funds and receipts referred to in this Act, which the
United States, or any department or division thereof, may require in
connection with any grant, loan, obligation, or contract, by reason of
the construction of any building or buildings hereunder, pursuant to
this Act and the provisions of any applicable acts or resolutions of
Congress. Any conveyances necessary in order to secure grants, loans or
advances under any Federal law for the purposes of this Act, may be made
by the Board of Trustees, but such conveyances shall be subject to an
agreement on the part of the United States to reconvey to the University
of Illinois, in all cases where such an agreement to reconvey can be
obtained from the United States.
(Source: Laws 1935, p. 564.)
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