SECTION 10. Compliance With Rule 15c2-12. The Board of Trustees hereby agrees, to comply with the provisions of the Rule. In order to comply with the Rule, a Continuing Disclosure Agreement in the usual and customary form is hereby authorized and approved, with such modifications and additions as may be approved by the officer of the University executing the same. The Chairman and the Fiscal Officer are each hereby authorized to execute and deliver such Continuing Disclosure Agreement.
SECTION 11. Financing Agreement an Obligation. This Resolution constitutes a Series Resolution as contemplated by the General Bond Resolution; and the Financing Agreement is hereby deemed an Obligation within the meaning of the Trust Agreement, shall be issued in accordance with the terms of the Trust Agreement, with Financing Payments, as defined in the Financing Agreement, deemed Debt Service Charges within the meaning of the Trust Agreement, and with the payment of such Debt Service Charges secured, according to their true intent and meaning, by all pledges, covenants and agreements set forth in the Trust Agreement, subject to all the terms and conditions of the Trust Agreement.
SECTION 12. Open Meetings. This Board hereby finds and determines that all formal actions relative to the adoption of this Resolution were taken in an open meeting of this Board, and that all deliberations of this Board and of its committees, if any, which resulted in formal action, were taken in meetings open to the public, in full compliance with applicable legal requirements.
SECTION 13. Further Authorization. That the proper and appropriate officers of the Board and of the University, to the extent authorized by law, are hereby authorized to execute and deliver the closing certificates, if any, with such modifications thereto as may be required by the Commission with respect to the Financing Agreement or by the purchasers of the Commonwealth Library Bonds and approved by special bond counsel to the University as well as such other documents, certificates and statements as may be so required and so approved in connection with sale and delivery of the Commonwealth Library Bonds.
SECTION 14. Provisions in conflict are Repealed. All resolutions or parts thereof in conflict with the provisions of this Resolution are hereby rescinded to the extent of such conflict.
SECTION 15. Effective Date. This resolution shall take effect from and after its passage.
SECTION 16. Copy to be Filed with Trustee. A certified copy of this Resolution shall be filed with the Trustee if the General Obligations Bonds are issued.
Adopted: April 22, 2008
Chairman, Board of Trustees University of Kentucky
(SEAL) Attest:
Assistant Secretary, Board of Trustees
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