7



     WHEREAS, under the provisions of Section 162.340
and succeeding sections of the Kentucky Revf.sed Statutes,
tine Board of Trustees of the University of Kentucky as
the governing body of said state educational institution,
is authorized to issue bonds as hereinafter provided for
the purpose of financing the cost of said new building
to the extent not otherwise provided (said library and
service building together with appurtenances being herein-
after sometimes referred to as the "Project");

     NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE UNIVERSITY
OF KENTUCKY RESOLVES AS FOLLOWS:

     Section 1. In order to provide for the payment of
the costs of the Project not otherwise proVfided, there
shall be and there are hereby ordered issued by the
Board of Trustees of the University of Kentucky, in its
corporate capacity and by and through its corporate name,
and as a state educational institution and agency, Library
and Service Building Revenue Bonds in the aggregate prin-
cipal amount of Five Hundred Thousand Dollars (4500,000o00)
dated April 1, 1949, consisting of five hundred (500) bonds
of the denomination of One Thousand Dollars ($1,000.00)
each, which shall be numbered consecutively from one (1)
to five hundred (500), both numbers inclusive, and which
shall bear interest to be evidenced by coupons attached
to each bond payable semi-annually on each October 1 and
April 1 to the respective maturity dates of principal, such
interest tobe at one or more interest rates (not to exceed
three and one-half per cent (32/o) per annum) tote estab-
lished by competitive bidding when the bonds are offered
for public sale as hereinafter provided.  Said bonds
shall mature serially and in numerical order as follows:

BONDS NUIMERED        PRINCIPAL AMIOUNT       DATE OF IMTURITY
( Inclusive)

   1_25                $25,000.00               April 1, 1951
   26-50                6251000.00              April 1, 1952
   51-75                42=,000.00              April 1, 1953
   76-100               J25,000.00              April 1, 1954
 101-125               ;25,000.0o              April 1, 1955
 126-150               Q25,000.00               April It 1956
 151-.177              427 0O 00.              April 1, 1957
 178-204               ,27,000.00              April 1, 1958
 205-231               v27,000,00              April 1, 1959
 232-258               427O000.OO              April 1, 1960
 259-285               @27,000.00              April 1, 1961
 2863.312              q27,000.00               April 1, 1962
 313-339               Q27;000.00              April 1, 1963
 340-366               $27,000.00               April 1, 1964
 367-396               430,000.00               April 1 1965