be executed in its name and on its behalf by the authorized facsimile

reproduction of the signature of its Chairman, attested by the manual

or authorized facsimile reproduction of the signature of the Commissioner

of Finance as its Executive Director; all being done as of the 11th

day of December, 1967.



(FACSIMILE
  OF SEAL)

ATTEST:

     (Manual Signature)
         Secretary




ATTEST:

  (Manual or Facsimile Signature)
Commissioner of Finance and Execu-
tive Director of the Commission



BOARD OF TRUSTEES OF THE
UNIVERSITY OF KENTUCKY
Lexington, Kentucky

By     (Facsimile Signature)
            Chairman





STATE PROPERTY AND BUILDINGS
   CO14ISSION OF KENTUCIKY

By    (Facsimile Signature)
    Governor of the Commonwealth
    and ex officio Chairman of
    the Commission



          Section 3.05. Disposition of the proceeds of the Notes shall

be made as provided in this Section. The Board (with the approval and

concurrence of the Commission) hereby creates and establishes two

special funds or accounts, one of which is hereby designated the

Revenue Bond Anticipation Notes - Interest Account"; (for convenience

hereinafter sometimes referred to as the "Special Interest Account') in

the custody of the Paying Agent hereinabove designated for the Notes;

and the other being hereby designated the 'Revenue Bond Anticipation

Notes - Proceeds Account' (for convenience hereinafter sometimes referred
                                   - 53 -  (UK, Consol; Series C
                                                 & Series D)(Revised)