"SERIES  A  BONDS"  means  the  Bonds   authorized  by  this  Series A
Resolution.

           "SERIES A HOSPITAL PROJECT" means the construction, renovation and
equipping of improvements to the University of Kentucky Hospital, including:
(i)  constructing   a   four-story  addition   to   house  replacement   surgical
facilities, clinical laboratories, emergency services and thirty (30) intensive
care beds, (ii) renovating the central sterile and pharmacy services, (iii)
improving the emergency power systems, fire alarms, heating, ventilation and
air conditioning and water systems, and (iv) constructing a transport tower and
an enclosed pedestrian walkway.

           "SERIES A RESOLUTION" means this Resolution authorizing the issuance
of the Series A Bonds.

           ARTICLE II. AUTHORIZATION OF SERIES A BONDS.

           Section 2.01. Authorization.

           Pursuant to the provisions of the Master Resolution, there is hereby
authorized to be issued by the Board of Trustees of the University of Kentucky,
in its corporate capacity, an initial series of Bonds in the aggregate prin-
cipal amount of TWENTY-FIVE MILLION DOLLARS ($25,000,000).    Such Bonds shall be
designated as "University of Kentucky Hospital Revenue Bonds, Series A."      Said
Series A Bonds are hereby declared to have been authorized under the Master
Resolution and in conformity with the provisions thereof.

           Section 2.02. Purpose.

           Said Series A Bonds are being issued for the purpose of paying the
costs (to the extent not otherwise provided) of the Series A Hospital Project
which, when erected, will become and constitute parts of the Hospital.

           Section 2.03. Description.

           The Series A Bonds shall be issued as registered bonds in denomina-
tions of $5,000 or any whole multiple thereof, shall be dated August 1, 1986,
shall be numbered from R-1 upward, and shall bear interest payable semiannually
on February 1 and August 1 of each year at rates of interest fixed as a result
of the advertised sale and competitive bidding for said Series A Bonds, as
hereinafter provided.   The Series A Bonds shall be scheduled to become due and
payable on August 1 of each of the years, as follows:



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