DOCSLIB.ORG

Drexel University and Subsidiaries Consolidated Financial Statements for the Years Ended June 30, 2019 and 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Drexel University and Subsidiaries Consolidated Financial Statements for the Years Ended June 30, 2019 and 2018 SUPPLEMENT NO. 1 DATED JULY 17, 2020 to OFFERING MEMORANDUM DATED JULY 15, 2020 relating to $104,100,000 DREXEL UNIVERSITY TAXABLE BONDS, SERIES OF 2020 The purpose of this Supplement is to correct the definition of “Authorized Denominations” set forth in Appendix C – “Summary of Certain Provisions of the Indenture” in the Offering Memorandum dated July 15, 2020, relating to the Drexel University Taxable Bonds, Series of 2020 (the “Offering Memorandum”). The definition of Authorized Denominations referenced in the previous sentence is inconsistent with all other references to Authorized Denominations elsewhere in the Offering Memorandum, which are not changed by this Supplement, and is inconsistent with the terms of the Indenture referenced therein. This Supplement should be read in conjunction with the Offering Memorandum. The definition of “Authorized Denomination” contained in Appendix C – “Summary of Certain Provisions of the Indenture” is hereby amended to read in full as follows: “Authorized Denomination” means $5,000 or any integral multiple thereof. All other provisions of the Offering Memorandum remain unchanged. THE INFORMATION CONTAINED IN THIS SUPPLEMENT TO OFFERING MEMORANDUM IS SUBJECT TO MORE COMPLETE INFORMATION CONTAINED IN THE ORIGINAL OFFERING MEMORANDUM. THIS SUPPLEMENT TO OFFERING MEMORANDUM IS TO BE READ ONLY IN CONJUNCTION WITH THE ORIGINAL OFFERING MEMORANDUM. THIS SUPPLEMENT TO OFFERING MEMORANDUM SHOULD NOT BE SEPARATED FROM THE ORIGINAL OFFERING MEMORANDUM, AND NEITHER THIS SUPPLEMENT TO OFFERING MEMORANDUM, NOR THE ORIGINAL OFFERING MEMORANDUM, MAY BE RELIED UPON IN ANY WAY INDEPENDENT OF EACH OTHER. [ THIS PAGE INTENTIONALLY LEFT BLANK ] NEW ISSUE: Book-Entry Only (See “RATINGS” herein) $104,100,000 Drexel University Taxable Bonds, Series of 2020 Dated: Date of Delivery Due: May 1, as shown on inside cover Interest on the Drexel University Taxable Bonds, Series of 2020 (the “2020 Bonds”) is payable on May 1 and November 1 in each year until maturity or earlier redemption, commencing November 1, 2020. The 2020 Bonds are payable by The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”) pursuant to an Indenture of Trust dated as of July 1, 2020 ( the “Indenture”) between Drexel University (the “University”) and the Trustee. The 2020 Bonds are issuable only in fully registered form without coupons, and, when issued, will be registered in the name of Cede & Co., as registered owner and nominee for The Depository Trust Company (“DTC”), New York, New York. Purchases of beneficial ownership interests in the 2020 Bonds will be made in book-entry only form in denominations of $5,000 or any integral multiple thereof. So long as Cede & Co., as nominee of DTC is the registered owner, principal or redemption price of and interest on the 2020 Bonds is payable directly to DTC for redistribution to DTC Participants and in turn to the Beneficial Owners as described herein. Purchasers of the 2020 Bonds will not receive physical delivery of certificates representing their ownership interests in the 2020 Bonds purchased. See “THE 2020 BONDS – Book-Entry Only System” herein. The 2020 Bonds are subject to redemption prior to maturity as more fully described herein. The 2020 Bonds are being issued by the University to provide funds to reimburse the University for the costs of acquisition, through certain affiliates, of its undivided interest in the operations of, and a leasehold interest in the buildings, structures, real estate and appurtenant facilities and fixtures constituting, St. Christopher’s Hospital for Children located in Philadelphia and used by the University in connection with its academic medical education program in pediatric medicine (the “2020 Project”). See “PLAN OF FINANCE” herein. The 2020 Bonds constitute general obligations of the University, secured by a pledge of the University’s Unrestricted Gross Revenues (as defined herein). The University has other indebtedness secured by a pledge of its Unrestricted Gross Revenues. In addition, the University may incur additional indebtedness, and such additional indebtedness, if issued, may be either secured (including indebtedness secured on a parity with the 2020 Bonds) or unsecured. See “SECURITY FOR THE 2020 BONDS” herein. Interest on the 2020 Bonds is generally subject to inclusion in U.S. federal gross income of the holders thereof. For adiscussion of certain U.S. federal income tax considerations, see “TAX MATTERS” and “BENEFIT PLANS AND ERISA CONSIDERATIONS” herein. See “BONDHOLDERS’ RISKS” for certain risks associated with an investment in the 2020 Bonds. The scheduled payment of principal of and interest on the 2020 Bonds when due will be guaranteed under an insurance policy to be issued concurrently with the delivery of the 2020 Bonds by ASSURED GUARANTY MUNICIPAL CORP. This cover page contains certain information for quick reference only. It is not a summary of the issue. Investors must read the entire Offering Memorandum to obtain information essential to making an informed investment decision regarding the 2020 Bonds. MATURITY DATE, PRINCIPAL AMOUNT, INTEREST RATE, YIELD AND CUSIP† $104,100,000 3.215% Drexel University Taxable Revenue Bonds, Series of 2020 Due May 1, 2050 Yield 3.215% CUSIP 26186R AA9 The 2020 Bonds are offered for delivery when, as and if issued by the University, and received by the Underwriters and subject to the approving legal opinion of Ballard Spahr LLP, Philadelphia, Pennsylvania, counsel to the University. Certain legal matters will be passed upon for the Underwriters by their counsel Dilworth Paxson LLP, Philadelphia, Pennsylvania. It is expected that the 2020 Bonds will be available for delivery through the facilities of DTC in New York, New York on or about July 22, 2020. Wells Fargo Securities PNC Capital Markets LLC Ramirez & Co., Inc. Dated: July 15, 2020 † CUSIP is a registered trademark of the American Bankers Association (the “ABA”). CUSIP data is provided by CUSIP Global Services, which is managed on behalf of the ABA by S&P Global Market Intelligence, a part of S&P Global Inc. The CUSIP numbers listed above are being provided solely for the convenience of the holders of 2020 Bonds only at the time of issuance of the 2020 Bonds and the University, the Trustee and the Underwriters do not make any representation with respect to such CUSIP numbers or undertake any responsibility for their accuracy now or at any time in the future. The CUSIP numbers are subject to being changed after the issuance of the 2020 Bonds as a result of various subsequent actions including, but not limited to, the procurement of secondary market portfolio insurance or other similar enhancement by investors that may be applicable to all or a portion of the 2020 Bonds. THE ORDER AND PLACEMENT OF MATERIALS IN THIS OFFERING MEMORANDUM, INCLUDING THE APPENDICES, ARE NOT TO BE DEEMED TO BE A DETERMINATION OF RELEVANCE, MATERIALITY, OR IMPORTANCE, AND THIS OFFERING MEMORANDUM, INCLUDING THE APPENDICES, MUST BE CONSIDERED IN ITS ENTIRETY. THE OFFERING OF THE 2020 BONDS IS MADE ONLY BY MEANS OF THIS ENTIRE OFFERING MEMORANDUM. The information set forth herein has been obtained from Drexel University (the “University”) and other sources which are believed to be reliable, but the information provided by sources other than the University is not guaranteed as to accuracy or completeness by the University. The information and expressions of opinions herein are subject to change without notice and neither the delivery of this Offering Memorandum nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in any of the information set forth herein since the date hereof. The Underwriters have provided the following sentence for inclusion in the Offering Memorandum. The Underwriters have reviewed the information in this Offering Memorandum in accordance with, and as part of, its responsibilities to investors under federal securities law as applied to the facts and circumstances of this transaction, but the Underwriters do not guarantee the accuracy or completeness of such information. IN CONNECTION WITH THIS OFFERING THE UNDERWRITERS MAY OVER-ALLOT OR EFFECT TRANSACTIONS THAT STABILIZE OR MAINTAIN THE MARKET PRICE OF THE 2020 BONDS AT A LEVEL ABOVE THAT WHICH MIGHT OTHERWISE PREVAIL IN THE OPEN MARKET. SUCH STABILIZING, IF COMMENCED, MAY BE DISCONTINUED AT ANY TIME. No dealer, broker, salesperson or other person has been authorized by the Underwriters or the University to give any information or to make any representations with respect to the 2020 Bonds, other than those contained in this Offering Memorandum, and if given or made, such other information or representations must not be relied upon as having been authorized by any of the foregoing. This Offering Memorandum does not constitute an offer to sell or the solicitation of any offer to buy any of the 2020 Bonds in any jurisdiction in which it is unlawful to make such an offer, solicitation, or sale. The 2020 Bonds have not and will not be registered under the Securities Act of 1933, or under any state securities laws, and the Indenture has not been and will not be qualified under the Trust Indenture Act of 1939, as amended, because of available exemptions therefrom. Neither the Securities and Exchange Commission nor any federal, state, municipal, or other governmental agency will pass upon the accuracy, completeness, or adequacy of the Offering Memorandum. IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR
Load more

Recommended publications
  • Political Visions and Historical Scores
    Founded in 1944, the Institute for Western Affairs is an interdis- Political visions ciplinary research centre carrying out research in history, political and historical scores science, sociology, and economics. The Institute’s projects are typi- cally related to German studies and international relations, focusing Political transformations on Polish-German and European issues and transatlantic relations. in the European Union by 2025 The Institute’s history and achievements make it one of the most German response to reform important Polish research institution well-known internationally. in the euro area Since the 1990s, the watchwords of research have been Poland– Ger- many – Europe and the main themes are: Crisis or a search for a new formula • political, social, economic and cultural changes in Germany; for the Humboldtian university • international role of the Federal Republic of Germany; The end of the Great War and Stanisław • past, present, and future of Polish-German relations; Hubert’s concept of postliminum • EU international relations (including transatlantic cooperation); American press reports on anti-Jewish • security policy; incidents in reborn Poland • borderlands: social, political and economic issues. The Institute’s research is both interdisciplinary and multidimension- Anthony J. Drexel Biddle on Poland’s al. Its multidimensionality can be seen in published papers and books situation in 1937-1939 on history, analyses of contemporary events, comparative studies, Memoirs Nasza Podróż (Our Journey) and the use of theoretical models to verify research results. by Ewelina Zaleska On the dispute over the status The Institute houses and participates in international research of the camp in occupied Konstantynów projects, symposia and conferences exploring key European questions and cooperates with many universities and academic research centres.
    [Show full text]
  • THE CHRONICLE After WEDNESDAY
    THE CHRONICLE after WEDNESDAY. NOVEMBER 4. 1992 DUKE UNIVERSITY DURHAM. NORTH CAROLINA CIRCULATION: 15.000 VOL 88, NO. 47 Clinton wins crusade for change Economy bedevils Democrat breaks Bush to bitter end Republican hold In the end, it was the faltering economy, Gov, Bill Clinton of Arkansas was elected which had bedeviled him all year, that did the 42nd president of the United States George Bush in. Tuesday, breaking a 12-year Republican From the New Hampshire primary in hold on the White House. February, through the party conventions Clinton shattered the Republicans' po­ this summer, to the start of the general- litical base with a promise of change to an election campaign on Labor Day, public electorate clearly discontented with Presi­ opinion held rem.arkably steady: three- dent Bush. quarters of the American people, accord­ Ross Perot, the Texas billionaire who ing to New York Times/CBS News polls, roiled this race throughout, finished third, disapproved ofthe way Bush was handling drawing roughly equally from both major the economy. party candidates, according to Voter Re­ Bush failed to change their minds with search & Surveys, the television polling his furious closing onslaught against Gov. consortium. Bill Clinton's character. More than seven Perot's share ofthe popular vote had the voters in 10 said in interviews as they left potential to exceed any third-party their polling places Tuesday that they con­ candidate's in more than half a century. sidered the economy not so good or poor, Clinton, capping an astonishing politi­ and a big majority of those opted in favor of cal comeback for the Democrats over the giving the Arkansas governor a chance to past 18 months, ran strongly in all regions turn things around.
    [Show full text]
  • Student Handbook 2013-2014 Table of Contents
    DREXEL UNIVERSITY Student Handbook 2013-2014 Table of Contents Academics – Undergraduate 3 Academic Honors – Program and Support & Pennoni Honors College 4 Bookstores 7 Campus Engagement 8 Campus Activities 8 Student Activity Fee Allocation Committee (SAFAC) 10 Commuter and Transfer Student Engagement (and Off-Campus Housing) 10 Fraternity & Sorority Life 12 New Student and Family Programs 16 Student Leadership and Traditions 17 Center for Inclusion and Culture 19 Complaint Resolution/Student Procedures 19 Co-op and Career Services 21 Counseling & Health 28 Dining Services 31 Disability Resources 33 Dragon Card (Student ID) 34 Hazing 36 Housing - 34th Street Residences 39 Housing - Residence Halls 47 IRT 57 International Students and Scholar Services 59 Library 64 Ombuds 65 Parking Services 66 Photography 66 Public Safety 66 ROTC 74 Sexual Harrassment & Misconduct 75 Spiritual and Religious Life 90 Student Center (James Creese) & Ross Commons 91 Student Affairs, Center City 92 Student Conduct & Community Standards / Code of Conduct 92 Student Transportation 114 University Traditions and Legends 115 Veteran Student Services 118 3 Undergraduate Academic Policies The academic policies listed in alphabetical order below are provided to guide students’ decisions about their progress and performance. Most academic policies can be found on the Office of the Provost website, at http://drexel.edu/provost/ policies/. The academic policies are subject to change, and students will be responsible to comply with the most current policy found on its
    [Show full text]
  • Anoth^^ Shipment! Sale
    nUDAT* nTLTMb IMT lOTIlTEEW AYtrago Dolly Ctrcalattoa iKanrtri^Btpr Etmtftts If^ntlH ,.TI m W satiM r Fhr Bto Mmrth *8 d h M , t »42 FaraosM af 0. Bl aYaalkaz 1 iMinb«ra «< tb« L4#lon 9,255 Fair oM eiattoaii wana a». to the convontlon tomorrow Engaged to Wed Rank in G>rps day: Smday fMr aad eso About Town meet at th« tuition Horn*. Iw- Id o« Ihs Audit warm with asmporaaara sea . Mrean 11:4a and 12:00 o'clock, or 9t Ohreulattoas Me to today. ____s-Shen AidUMary, V. Imeet in Mew Hacan at the comer Is Permanent Sale W , wtU hold ■ food M l* t o m o r ^ and Sherman atraeta Mancheiter^-^A City of ViUofte Charm at Hato’a atoir beginninf that a'ifood repreaenta- o'clock Mi*. Dorothy MIlWi be on hand. Warrant Offirer Joseph VOL. LXVL, NO. 250 AdveiUalBg On Pag* A) the comwiittee, and the taleri?-’® - MANCHESTER, CONN., SATURDAY, JULY 26, 1947 (TEN PAGES) PRICK POUR CENTS the heneflt of *he orphan*' home rtiarie* McCarthy of Pmehurtti Orfilrili Has Been No* at Cedar Raplda, Iowa, Giwcery. with Mm. McCarthy and, tified of the Order- 30 Scholars Dead Leav6 Old Ben Mine Warrant Officer Joaeph _ M. ' Dispute May m Odd Fellow* hall liti^ead of the Fall*. Orfitelll, Mannn Corpa Reaefve, DRESSES Three Major Mpney of chH. L.».ph,r. n ..«.r will return to active duty for ah View Papers Block Balkan caoM at Memorial Field between j Kinney'* | Infantry refre«her course from | S a O d d Fellowaand the Center Im Klnjaton.
    [Show full text]
  • Prominent and Progressive Americans
    PROMINENTND A PROGRESSIVE AMERICANS AN ENCYCLOPEDIA O F CONTEMPORANEOUS BIOGRAPHY COMPILED B Y MITCHELL C. HARRISON VOLUME I NEW Y ORK TRIBUNE 1902 THEEW N YORK public l h:::ary 2532861S ASTIMI. l .;-M':< AND TILI'EN ! -'.. VDAT.ON8 R 1 P43 I Copyright, 1 902, by Thb Tribune Association Thee D Vinne Prem CONTENTS PAGE Frederick T hompson Adams 1 John G iraud Agar 3 Charles H enry Aldrich 5 Russell A lexander Alger 7 Samuel W aters Allerton 10 Daniel P uller Appleton 15 John J acob Astor 17 Benjamin F rankldi Ayer 23 Henry C linton Backus 25 William T . Baker 29 Joseph C lark Baldwin 32 John R abick Bennett 34 Samuel A ustin Besson 36 H.. S Black 38 Frank S tuart Bond 40 Matthew C haloner Durfee Borden 42 Thomas M urphy Boyd 44 Alonzo N orman Burbank 46 Patrick C alhoun 48 Arthur J ohn Caton 53 Benjamin P ierce Cheney 55 Richard F loyd Clarke 58 Isaac H allowell Clothier 60 Samuel P omeroy Colt 65 Russell H ermann Conwell 67 Arthur C oppell 70 Charles C ounselman 72 Thomas C ruse 74 John C udahy 77 Marcus D aly 79 Chauncey M itchell Depew 82 Guy P helps Dodge 85 Thomas D olan 87 Loren N oxon Downs 97 Anthony J oseph Drexel 99 Harrison I rwln Drummond 102 CONTENTS PAGE John F airfield Dryden 105 Hipolito D umois 107 Charles W arren Fairbanks 109 Frederick T ysoe Fearey Ill John S cott Ferguson 113 Lucius G eorge Fisher 115 Charles F leischmann 118 Julius F leischmann 121 Charles N ewell Fowler ' 124 Joseph.
    [Show full text]
  • Dr. Joseph Belmonte Renowned Investment Strategist and Market Thinker Author of Buffett and Beyond
    TM ©2019 All Rights Reserved Dr. Joseph Belmonte Renowned investment strategist and market thinker Author of Buffett and Beyond www.BuffettAndBeyond.com PB THE MEN WHO MOVED WALL STREET™ ©2019 1 THE MEN WHO MOVED WALL STREET DURING THE 2 THE MEN WHO MOVED WALL STREET™ ©2019 3 nchored by Wall Street, New York City has been tunities to swing the pendulum of control in their direction, called both, the most economically powerful city and through this, enabled the monetary system of America to and the leading financial center, being home to the lean in their direction, thus, obtaining methods for expansion, world’s two largest stock exchanges by total market momentum, and achievement of an empire so vast, it moved Acapitalization, the New York Stock Exchange and NASDAQ. Wall Street, and the world. Captains of finance and industry in the gilded age were Dow Jones, Barrons, Wall Street Journal, S&P 500, legendary icons enabling this country to become strong J.P.Morgan financial institutions, the largest insurance com- and independent. American industrialists and philanthro- panies in the world and the railroad reorganization meth- pists revolutionized industry and defined the structure of odology, all began with these men with tenacious business monetary gain. Many were deeply involved in developing dispositions and the wherewithal to connect the dots between and financing railroad empires by reorganizations and industry, human power, and money. consolidations, building a strong vision of an integrated They walked through the finest clubs in New York where transportation system. money was aged, and new money balanced on that noble Beginning in the 1870s, thanks to a modern corporate form money, became ripe.
    [Show full text]
  • Welcome Week Saturday, September 12, 2015
    Welcome Week Saturday, September 12, 2015 8:00 a.m. – 6:00 p.m.: Family Welcome Center (Recreation Center Lobby, 33rd and Market Streets) Stop by and take a break from the hustle and bustle of moving in! A variety of Drexel service offices will be represented so that you can ask last-minute questions, while complimentary massages and visits with Jersey, our in-residence therapy dog, will help calm any frayed nerves. 8:00 a.m. – 6:00 p.m.: Creese Student Center (Chestnut Street, between 32nd and 33rd Streets) If you haven’t gotten your DragonCard yet, here’s the place to do it. Also, visit our neighborhood business partners, who’ll be demonstrating their wares. 9:00 a.m. – 5:00 p.m.: Alumni Association Open House (Paul Peck Alumni Center) The Drexel University Alumni Association is happy to welcome our newest Dragons to campus! Enjoy a respite from the day and visit the Paul Peck Alumni Center at the corner of 32nd and Market Streets. Students, parents, and families can enjoy light refreshments and connect with our staff and learn about the Alumni Association. Sponsored by the Drexel Alumni Association 10:30 a.m. – 1:30 p.m.: Shopping Trip! (Depart from Recreation Center, 33rd and Market Streets) Need to pick-up any last minute items for your residence hall? Feel free to stop by the Drexel Bookstore on campus at 33rd and Chestnut Streets or travel down to the shopping centers on Columbus Boulevard to visit Target and IKEA. Shuttles will depart from the Recreation Center promptly at 10:30 a.m.
    [Show full text]
  • SUPPLEMENT NO. 1 DATED JULY 8, 2020 to PRELIMINARY OFFERING MEMORANDUM DATED JULY 1, 2020 Relating to $104,245,000* DREXEL UNIVE
    SUPPLEMENT NO. 1 DATED JULY 8, 2020 to PRELIMINARY OFFERING MEMORANDUM DATED JULY 1, 2020 relating to $104,245,000* DREXEL UNIVERSITY TAXABLE BONDS, SERIES OF 2020 The purpose of this Supplement is to amend certain information contained in the Preliminary Offering Memorandum dated July 1, 2020 relating to the Drexel University Taxable Bonds, Series of 2020 (the “Preliminary Offering Memorandum”). This Supplement should be read in conjunction with the Preliminary Offering Memorandum. Terms used in this Supplement have the same meaning as in the Preliminary Offering Memorandum unless specifically otherwise defined herein. Certain changes are being made to the Preliminary Offering Memorandum as described herein. All other provisions of the Preliminary Offering Memorandum remain unchanged. THE INFORMATION CONTAINED IN THIS SUPPLEMENT TO PRELIMINARY OFFERING MEMORANDUM IS SUBJECT TO MORE COMPLETE INFORMATION CONTAINED IN THE ORIGINAL PRELIMINARY OFFERING MEMORANDUM. THIS SUPPLEMENT TO PRELIMINARY OFFERING MEMORANDUM IS TO BE READ ONLY IN CONJUNCTION WITH THE ORIGINAL PRELIMINARY OFFERING MEMORANDUM. THIS SUPPLEMENT TO PRELIMINARY OFFERING MEMORANDUM SHOULD NOT BE SEPARATED FROM THE ORIGINAL PRELIMINARY OFFERING MEMORANDUM, AND NEITHER THIS SUPPLEMENT TO PRELIMINARY OFFERING MEMORANDUM, NOR THE ORIGINAL PRELIMINARY OFFERING MEMORANDUM, MAY BE RELIED UPON IN ANY WAY INDEPENDENT OF EACH OTHER. * Preliminary, subject to change The table captioned “Condensed Consolidated Statement of Activities“ on page A-45 in Appendix A to the Preliminary Offering
    [Show full text]
  • GNN Virtual Site Schedule for Web Revised.Xlsx
    Sacramento Philadelphia London Shanghai Program Title and Description Metadata Research at the College of Computing & Informatics 6 a.m. 9 a.m. 2 p.m. 9 p.m. [Presenter online] Metadata is essential for intelligent and productive use of information by both humans and machines. Jane Greenberg, Alice B. Kroeger professor and director of the Metadata Research Center (MRC) at the College of Computing & Informatics, will introduce the concept of metadata, highlight two MRC research initiatives, and discuss the value of metadata in current and future information endeavors. Alumni Career Services: Why Every Entrepreneur Needs a Mentor 6:17 a.m. 9:17 a.m. 2:17 p.m. 9:17 p.m. [Presenter online] Good mentors can help aspiring entrepreneurs launch their ventures and can help seasoned entrepreneurs make their businesses even better. Chuck Sacco, MBA ’06, entrepreneur-in-residence and director of external relations at the Charles D. Close School of Entrepreneurship, and director of the Laurence A. Baiada Institute for Entrepreneurship, will lead a discussion with entrepreneurs Peter Schuette ‘16, Adria Bagdonavicius ‘12, and Baiada Center mentor Christopher Fried ’11, to explore the value of the practice for both mentors and their mentees. The group will share tips for finding great mentors and discuss the support that Drexel provides to aspiring entrepreneurs. 6:34 a.m. 9:34 a.m. 2:34 p.m. 9:34 p.m. The Power of Humor In Stressful Times The demands of our personal and professional lives often leave us with little time to laugh. “The Stress Less Shrink” Joel Schwartz, MD ’65, will share his advice for combating what he calls Adult Deficient Humor Disorder by injecting a bit of humor back into your daily life.
    [Show full text]
  • DREXEL UNIVERSITY and SUBSIDIARIES
    PRELIMINARY OFFICIAL STATEMENT DATED OCTOBER 10, 2012 NEW ISSUE: Book Entry Only Standard & Poor’s: “A” Moody’s: “A3” (See “Ratings” herein) In the opinion of Bond Counsel, interest on the 2012 Bonds is not includable in gross income for purposes of federal income taxation under existing statutes, regulations, rulings and court decisions, subject to the condition described in “TAX MATTERS” herein, and interest on the 2012 Bonds is not treated as an item of tax preference under Section 57 of the Internal Revenue Code of 1986, as amended (the “Code”) for purposes of the individual and corporate alternative minimum taxes. However, under the Code, such interest may be subject to certain other taxes affecting corporate holders of the 2012 Bonds. Under the laws of the Commonwealth of Pennsylvania, the 2012 Bonds are exempt from personal property taxes in Pennsylvania, and interest on the 2012 Bonds is exempt from Pennsylvania personal income tax and the Pennsylvania corporate net income tax. For a more complete discussion, see “TAX MATTERS” herein. $29,845,000* PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY (Commonwealth of Pennsylvania) Drexel University Revenue Refunding Bonds, Series of 2012 Dated: Date of Delivery Due: May 1, as shown on inside cover Interest on the Pennsylvania Higher Educational Facilities Authority Drexel University Revenue Refunding Bonds, Series of 2012 (the “2012 Bonds”) is payable on May 1 and November 1 in each year until maturity or earlier redemption, commencing May 1, 2013. The 2012 Bonds are payable by The Bank of New York Mellon Trust Company, N.A., as successor trustee (the “Trustee”) pursuant to a Trust Indenture dated as of March 1, 1985, as previously amended and supplemented and as further supplemented by a ut notice.
    [Show full text]
  • James Creese 0Th President Founder's Day Exercises at 2 P.M
    D r e x e t n a n VO L. 21 PHILADELPHIA PA., DEC. 10 1945 No. 8 I f r e x e i O p e n e d 3 4 Founder’s Day Y e a r s A g o Exercises At Today, l)eceiiil)»*r 10th. Drexel In- 8titut(' of Teclinolopy will observe Founder’s Day- celehrating fifty-four years of echirational teacliing. a trib­ 2 P.M. Today ute to the trust and vision of the In­ stitute’s Founder, Anthony Joseph Dr. Creese To Be Inaugurated As I )re\el. D rexel’s Sixth President Before The liistory of Drexel Institute is a story of urowth. It is not often lliat a srho«d <»r collepe stands for half a l.uniinaries In Field O f Education century without essential niodifiration Dr. Janies (Creese today will be in- of purpose. When it does so stand, L irvrsitifiv augnralcd the sixth president of the instanre proves the permanence Drexel institute of Technology. The of the nee«l it serves. Its first pur­ TouHimaslvr ccreinony, which will be held in the pose has been single and steadfast: auditoriinn. will begin at 2 P.M. sound training in practical fields for A t Kuitquvi Pi'<‘sidenls ol more than a score of the benefit of the many. From the universilies and colleges will be day of its dedication, December 17, Dr. Horace I*. Liv*M>idgr, who will among tin* representatives of «»ver 1891, tlie object of Drexel training has act as loastnia.otiT at the inaugural fifty educational institutions and been t(» open for its students the way ltan<|ni-l lonight.
    [Show full text]
  • Poland. Ministerstwo Spraw Zagranicznych Records
    http://oac.cdlib.org/findaid/ark:/13030/tf4v19n70w No online items Register of the Poland. Ministerstwo Spraw Zagranicznych records Finding aid prepared by Zbigniew Leopold Stanczyk Hoover Institution Library and Archives © 1998 434 Galvez Mall Stanford University Stanford, CA 94305-6003 [email protected] URL: http://www.hoover.org/library-and-archives Register of the Poland. 59003 1 Ministerstwo Spraw Zagranicznych records Title: Poland. Ministerstwo Spraw Zagranicznych Date (inclusive): 1919-1947 Collection Number: 59003 Contributing Institution: Hoover Institution Library and Archives Language of Material: Polish Physical Description: 652 manuscript boxes, 10 oversize boxes, 13 envelopes(277.0 Linear Feet) Abstract: Correspondence, bulletins, memoranda, reports, studies, lists, financial records, and photographs, relating to Polish foreign relations during World War II, the Polish government in exile in London, Allied diplomacy during World War II, conditions in Poland during the war, deportation of Poles to the Soviet Union, Polish refugees, the Jewish holocaust in Poland, and Polish military operations. Includes some records of Polish foreign relations during the interwar period. A digital copy of this entire collection is available at http://szukajwarchiwach.pl/800/42/0/-/ . Creator: Poland. Ministerstwo Spraw Zagranicznych Access The collection is open for research; materials must be requested at least two business days in advance of intended use. Publication Rights For copyright status, please contact the Hoover Institution Library & Archives Preferred Citation [Identification of item], Poland. Ministerstwo Spraw Zagranicznych records, [Box no., Folder no. or title], Hoover Institution Library & Archives. Alternative Forms of Material Available Also available on microfilm (541 reels). Digital copy in Poland's National Digital Archive at http://szukajwarchiwach.pl/800/42/0/-/ .
    [Show full text]