Board Member Smith then introduced, caused to be read in full
and moved immediate adopt-on of the following resolution:

        A RESOLUTION OF THE BOARD OF TRUSTEES OF THE UNI-
        VERSITY OF KENTUCKY APPROVING AND ACCEPTING THE
        REVISED HHFA LOAN AGREEMENT FOR HHFA PROJECT
        IDENTIFIED AS NO. CH-Ky470kD), CONTRACT NO. H-302..2ll6,
        INCREASING THE AMOUNT OF THE ORTGINAL LOAN AGREE -
        MENT TO $640, 000



        BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE UNIVERSITY
OF KENTUCKY, AS FOLLOWS:

        Section 1. That the HHFA Revised Loan Agreement for Project No.
CH-Ky-70(D), Contract No, H-302-12i6. increasing the amount of HHFA's
agreement to bid for the purchase of the Board's "University of Kentucky Student
Housing Bonds of 1963" (re-designated as the "University of Kentucky Student
Housing Bonds of 1964"), when prepared in accordance therewith and duly offered
at public sale be and the same is hereby approved and accepted with all of its
terms and conditions (including specifically the Board' s agreement to comply
w5th Executive Order No, 11063 dated November 20, 1962, preventing discrimi-
nation in the use or occupancy of said facilities because of race, color, creed
or national origin) and the proper officers of the Board and of the University
are hereby authorized to execute the same and to return to HHFA such number
of executed copies thereof as are appropriate and required.

        Section 2,  The Board shall proceed as expeditiously as possible in the
authorization of the proposed bonds and the Executive Committee of this Board
is authorized to proceed with all further necessary or appropriate action in the
advertisement of a public offering of said bonds, in consideration and acceptance
of the best bid or bids received, establishment of the interest rates in conformity
therewith, and in delivering the bonds to the purchaser or purchasers and
receiving the puzchase prices therefor,

        Section 3,  This Resolution shall be in full force and effect immediately
upon its adoption.




        The motion for the adoption of said Resolution was seconded by Board
Member Fcster                , After full, discussion the Chairman put the
question and upon call of the roll the following voted. Voting "Aye'" Hon.
Edward T. Breathitt, Dr. Ralph lo. Angelucci, Smith Broadbent, Dr. R, W.
Sushart. Hon. Wendell P. Butler, Dr. Harry M. Sparks, Dr. Harry Denham,
Sam Ezedle, Wil1lianm F, Foster. Robert H, Hillenmeyer, Gilbert Kingsbury,
Dr. H, B, Murray, CIli.fford El Smith, Judge J , A. Sutherland, and Floyd Ho
Wright,  Voting  "Nay": None.