9



and Service Building Revenue Bond and Interest Redemption
Fund", hereinafter created, and shall be a valid claim of
the holders thereof only against said fund and against
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 AM.^iERICA
               COMION,-EALTH OF KENTUCKY
               UNIVERSITY OF KENTUCKY
        LIBRARY AND SERVICE BUILDING REVENUE BOND

No.                                                 $1,000.00

     The University of Kentucky, by its Board of Trustees
and 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 holder here-
of, as hereinafter provided, the sum of One Thousand
Dollars (wl,OO0.00) on the first day of April, 19   v, with
interest thereon from the date hereof until paid at the
rate of                      per cent (              J) per
annum, payable semi-annually on each October 1 and April 1,
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 several-
ly mature, both principal and interest being payable in
lawful money of the United States of America, at the
office of the Security Trust Company Bank in the City of
Lexington, Kentucky.

     The right is hereby reserved to call and redeem
bonds numbered one hundred and one (101) to five hundred
(500), inclusive, of the series of which this bond is a
part prior to their respective stated maturities, as a
whole or from time to tine in part, in the inverse order
of their numbering, on April 1, 1954, 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 principal hereof and interest hereon at
least thirty (30) days prior thereto, and provided 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 in Kentucky.    In
the event this bond shall be called for redemption prior
to its stated maturity, as herein provided, the University