such purposes, and a copy of each is hereby ordered to be attached to this

Resolution and to the minutes of the meeting at which this Resolution is

adopted. The Notice of Sale of Bonds shall be signed by the Treasurer of the

University and may be used for the purpose of publishing notice of the sale of

the Bonds. The Preliminary Official Statement shall be prepared by the Board's

Fiscal Agent on behalf of the Board in conjunction with the sale, at a time

designated by the President, containing all pertinent information in regard to

the Current Bonds, and in regard to the University, and which Preliminary

Official Statement is to be supplied to prospective bidders for the purchase of

the Current Bonds.  It is contemplated that such Preliminary Official Statement

will be approved later by the Board or the Executive Committee, after which the

Chairman and the Treasurer shall be authorized to sign said Preliminary

Official Statement on behalf of the Board to evidence such approval. Copies of

said documents (Notice, Official Terms, Bid Form, and Preliminary Official

Statement) shall be furnished to a list of known interested bidders and to any

interested parties who may request same.

           Bidders shall be advised that Dupree & Company, Inc., Lexington,

Kentucky, has been employed as Fiscal Agent in connection with the issuance of

these Current Bonds, that their fee for services rendered with respect to the

sale of the Current Bonds is contingent upon the issuance and delivery of the

Current Bonds, and that they may submit a bid for the purchase of the Current

Bonds at the time of the advertised public sale of the Current Bonds, either

individually or as the member of a syndicate organized to submit a bid for the

purchase of the Current Bonds.

            Upon the date and at the respective hour set forth for the opening

and consideration of purchase bids, as provided in the instruments hereinabove

approved, the sealed bids therefore received by the Treasurer in his office



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