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[8]

Part of Minutes of the University of Kentucky Board of Trustees

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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