10



funds are duly provided as herein provided shall cease to bear interest
as of the redemption date.

    Said bonds shall be signed for and on behalf of the Board of Trustees
of the University of Kentucky by the Chairman of said Board of Trustees,
attested by its Secretary, and sealed with its corporate seal, and the
interest coupons attached to said bonds shall be executed with the fac-
simile signatures of said Chairman and said Secretary, and said bonds
together with interest thereon shall be payable in lawful money of the
United States of America at the office of Security Trust Company in the
City of Lexington, Kentucky, but only out of the 'IStudent Dormitories
Revenue Bond and Interest Redemption Fund of 1953", hereinafter created,
and shall be a valid claim of the holders thereof only against said fund,
and the gross income and revenues of the project pledged to such fund.

    Section 3. The aforesaid bonds and coupons shall be in substantially
the following form, to-wit:

                        (Form of Bond)

                UNITED STATES OF AMERICA
              COMMONWEALTH OF KENTUCKY
                 UNIVERSITY OF KENTUCKY
                 DORMITORY REVENUE BOND
                           OF 1953

       (STUDENT DORMITORIES A, B, C, D, E AND F)

Not                                                         $ 1, 000. 00

    KNOW ALL MEN BY THESE PRESENTS:

    That the Board of Trustees of the University of Kentucky, as a state
educational institution and agency, for value received, hereby promises
to pay to the bearer, or if this bond be registered, to the registered hold-
er hereof, as hereinafter provided, the sum of One Thousand Dollars
($ 1, 000. 00) on the first day of May, 19  , with interest thereon
from the date hereof until paid at the rate of           per cent
      %) per annum, payable semi-annually on November 1 and May 1
of each year, except as the provisions hereinafter set forth with respect
to prior redemption may be and become applicable hereto, such interest
as may accrue on and prior to the maturity date of this bond to be paid
only upon presentation and surrender of the annexed interest coupons as
they severally mature, both principal and interest being payable in lawful
money of the United States of America at the principal office of Security
Trust Company, in the City of Lexington, Kentucky.

    The right is hereby reserved to call and redeem bonds numbered 63
to 710 of the series of which this bond is a part prior to stated maturities,
in whole, or from time to time in part, in the inverse order of their
numbering, on May 1, 1958, or on any interest payment date thereafter
providing a notice specifying the bonds to be redeemed shall have been
on file at the place of payment of the principal and interest at least thirty
(30) days prior thereto and providing also treat such notice shall have
been published at least once not less than thirty (30) days prior to the
redemption date in a newspaper having general circulation throughout