Bonds to any lawful purpose of the Board as the Board shall determine; other-
wise the Resolution shall be, continue and remain in full force and effect;
provided, however, that in the event Defeasance Obligations shall be deposited
with and held by the Trustee as hereinabove provided, and in addition to the
requirements set forth in any Series Resolution, the Trustee shall, within
thirty (30) days after such Defeasance Obligations shall have been deposited
with it, cause a notice signed by the Trustee to be (i) published once in a
daily newspaper of general circulation published in the City of Louisville,
Kentucky, and in a daily newspaper of general circulation or a financial
journal published in the Borough of Manhattan, City and State of New York, and
(ii) mailed, postage prepaid, to all Owners at their addresses as the same
appear in the registration books maintained pursuant to the Resolution, setting
forth  (a)  the  date  designated   for  the  redemption  of  the   Bonds,  (b)  a
description of the obligations so held by it, (c) that the applicable Series
Resolution, or this Resolution, as appropriate, has been repealed and cancelled
in accordance with the provisions of this Section, (d) the Trustee and the
Paying Agent shall nevertheless retain such rights, powers and privileges under
this Resolution as may be necessary and convenient in respect of the Bonds for
the payment of the principal of and premium, if any, and interest on which such
Defeasance Obligations have been deposited, and (e) the Trustee shall retain
such rights, powers and privileges under this Resolution as may be necessary or
convenient for the registration of transfer and exchange of Bonds.

           All moneys and obligations held by the Trustee pursuant to this
Section shall be held in trust and the principal and interest of said
obligations when received, shall be applied to the payment, when due, of the
principal and the interest and the premium, if any, of the Bonds so called for
redemption.

           All moneys and obligations so held by the Paying Agents shall be
held in trust and the principal and interest of said obligations when received,
and said moneys shall be applied to the payment, when due, of the principal and
the interest and the premium, if any of the Bonds so called for redemption.

           Section 9.03. Non-Tendered Bonds.

           Moneys held by the Trustee in trust for the payment and discharge of
any of the Bonds or interest due thereon which remain unclaimed for five (5)
years after the date when such amounts shall have become due and payable either
at their stated maturity dates or by call for earlier redemption, if such
moneys were held by said Trustee at such date or for five (5) years after the
date of deposit of such moneys if deposited with the Trustee after the said
date when such amounts become due and payable, shall, at the written request of
the Board, be repaid by the Trustee to the Board as the Board's property free
from the trust created by the Resolution, and the Trustee shall thereupon be
released and discharged with respect thereto, and the Owners of the Bonds
payable from such money shall look only to the Board for the payment of such
amounts.



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