Illinois News Index

Wilmette Life (Wilmette, Illinois), 2 Jul 1926, p. 2

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WILMETTE LIFE July 2, -1926 An Investment with Profit and Safety University Theatre Company $200_ ,000 Issue 6~% First Mortgage Real Estate Bonds Secured by Income . .Bearing Property Security Title A First Mortgage secured by the building and the leasehol l on the land (80 x 220) at 1710 Sherman Avenue, Evanston. valued at $450,000. A Chicago Title and Trust Company Guarantee Policy insures this issue to be a first mortgage lien against the property described. The Chicago Title and 'trust Company are the trustees. The bonds are dated February 1, 1926 and mature as follows: Aug. Aug. Aug. Feb. Aug. A Theatre of Beauty In the Heart of Evanston's Business Center The exterior of bulldll)g and interior of auditorium, is of lmpreulve design, in the French Chateau style of the period of Francis the First. It is the North Shore's largest, and most complete theatre, comparing favorably with Chicago's modern enterprlaes. The seating capacity Is 21,600. Tht Management The UNIVERSITY THEATRE COMPANY building and leasehold are owned and managed by the same oraanfsaUon that owns and operates the New Evanaton and Hoyburn Theatres of Evanston. This organization has at all times furnished the highest type of ~ntertainment and enjoys the good-will of the community. Character of performances and attractiveness of appointments of these theatres have been such as to draw patronge from a wide radius. The latest enterprise of the UNIVERSITY THEATRE COMPANY is in keeping with the progressive spirit of its sponsors and sounds a new note in theatre distinction in Evanston. Maturities 1, 1, 1, 1, 1, 1927 ..... ·.· ..... $ 1928 ............ 1929 ............ 1930 ........ . ... 1930 ............ 3,000 4,000 4,000 4,000 4,000 Feb. Aug. Feb. Aug. Feb. 1, 1, 1, 1, 1, 1931 ............ $ 5,000 1931 ............ 6,000 1932 ............ 6,000 1932 ............ 7,000 1933 ............. 157,000 Serial prepayments annually for the first three years, and semi-annually thereafter, decrease the obligation, automatically increasing the safety of the investment. Th1 Building The butldlntr fronts 80 feet on Sherman Avenue and is 170 feet in depth. Its two-story front and elevated rear are of steel and concrete construcUon, with brick and stone, trimmed with terra cotta. It is supplied with the very latest type of mechanical equipment. The frontage on Sherman Avenue will be devoted to shops; above are offices and an assembly hall. Collections All interest and principal payments are payable at the office of John F. Hahn, Inc., as due, on August 1st and February 1st of each year, until maturity. Tht Location The location Is singularly favorable for a theatre. It Is In the heart of Evanston's rapidly-growing buslneu center; of easy access from every direction. It benefits by adjacency to splendid and rapid transportation-the Elevated, North Shore electric, the Northwestern Rallway, surface lines and busses. $100-$500--$1,000 Denominations JOHN F. HAHN Incorporated 1619 Sherman Aventte Evanston, Illinois University 2382 Rogers Park 5116 Rental I ncome The estimated rental Income, aside from that of the theatre, wUI be more than sufficient to pay the interel!lt on the bond issue. lnauranct Fire and tornado insurance is carried payable to the trustee, to complete the protection to the bond holders.

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