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Part of Minutes of the University of Kentucky Board of Trustees

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Use and Location University Campus Basic Agricultural Research: Lexington, Kentucky Princeton, Kentucky Quicksand, Kentucky Woodford County, Kentucky Farm Demonstration: Owen County Mercer County Crop Experimentation Seventy-two Counties Forestry and Restoration Acres of Land Owned 782 400 200 892 14400 A c re s of Land Leased 138 400 144 * Total Acres 16 774 682 * Average two acres per county The total amount of the bonded indebtedness incurred by the University, since its inception through February 29, 1956, is $9, 113, 500. Of this amount $1, 454, 000 has been retired and $7,659,500 is outstanding as of February 29, 1956. The schedule below is a complete record of the bond debt. Revenue Bond Debt Record * Is sue 1. Lan Trust Certificates 2. Buildings (General) 3. Building (General) 4. Dormitory (Boys) 5. Auditorium-Field House 60 Library and Service Bldg. Stadium 8. Journalism Building 9. Dormitory (456 Rose St.) 10. Dormitory (476 Rose St.) 11. Dormitory of 1953 (Boys) 12. Dormitory of 1952 (Boys) 13. Dormitory of 1954 {Girls) 14. Dormitory of 1955 (Coop- erstown Apartments) Dated l677 19 743 1/1/36 9/1/3 8 6/1/46 8/1/48 4/1/49 4/1/49 1/1/50 10/l/50 12/1/50 5/1/5 3 7/1/52 5/1/54 6/1/55 Total A mount $256, 000 634, 000 3 16, 000 430, 000 825, 000 490, 000 300, 000 Z25, 000 74, 500 76, 000 710, 000 1, 255, 000 722, 000 2,800, 000 $9, 113, 500 Retired $25, 000 392, 000 141, 000 87, 000 240, 000 125, 000 90, 000 66, 000 1z, 000 10, 000 15, 000 2O, 000 Outstanding ZZ29/ 1956 $ 0 242, 000 175, 000 343, 000 585, 000 365, 000 210, 000 159, 000 62, 500 66, 000 695, 000 1,235, 000 722, 000 2, 800, 00 $1,454, 000 $7, 659, 500 The following financial report consists of a ments for the period ending February 29, 1 balance shee t and related financial state - Respectfully submitted Frank D. Peterson Vice President, Business Administration