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[6]

Part of Minutes of the University of Kentucky Board of Trustees

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5 E. Library-Service Building Revenue Bonds Authorization. President Donovan recalled that the Service Building was de- stroyed about three years ago and that, since that time, plans and specifications had been prepared for a new building. He also re- ported that the Executive Committee of the Board had accepted a proceedings contract with a Louisville and Lexington syndicate. He recalled that the University had available funds amounting to approximately S3OO,0OO.OO which could be applied to the construc- tion of the building. He recommended that the University authorize the issuance of revenue bonds under Section 162.340 Kentucky Revised Statutes, to provide the necessary funds with which to complete the Library-Service Building. The Comptroller reported that the Attorney General had examined the proposed resolution, and approved same. He read the following letter: Commonwealth of Kentucky OFFICE OF THE ATTORNEY GENERL Frankfort March 31, 1949 Wyatt, Grafton and Grafton Attorneys at Law Marion E. Taylor Building Louisville, Kentucky Attention: Mr. Arthur Grafton Dear IMr. Grafton: Re: University of Kentucky Service Building Revenue Bonds Pursuant to your communication of March 30, 1949, in regard to the above captioned matter, I have carefully examined the proposed bond order which was enclosed with your communication. I can find nothing to delete from said bond order, neither have I any suggestions as to additions or changes therein. It is1 therefore, the opinion of this office that said bond order completely covers the legal and factual statements necessary in order to comply with the Constitu- tion and Statutes relative to the sale of revenue bonds relative to the matter mentioned in the caption.