presentation and surrender of any Series A Bond or Series A Bonds in temporary
form, Issuer shall, without unreasonable delay, prepare, execute, and deliver
to Trustee, and Trustee shall authenticate and deliver, in exchange therefor, a
Series A Bond or Series A Bonds in definitive form. Such exchange shall be
made by Trustee without making any charge therefor to the Owner of such
Series A Bond in temporary form.
Section 2.12. Form of Series A Bond.
The Series A Bonds and the certificate of authentication of the
Trustee to be endorsed on said Series A Bonds shall be in substantially the
form attached hereto as. Exhibit A. All such Series A Bonds may have endorsed
thereon such legends or text as may be necessary or appropriate to conform to
any applicable rules and regulations of any governmental authority or any usage
or requirement of law with respect thereto.
Section 2.13. Advertisement for Public Sale.
The Series A Bonds shall be advertised for sale as required by
Section 424.360 of the Kentucky Revised Statutes on such date and in such
principal amount (not more than the principal amount authorized herein) to be
determined by the President of the University of Kentucky upon the advice of J
J B Hilliard, W L Lyons Incorporated, the Financial Advisor to the Board for
the issuance of the Series A Bonds.
Section 2.14. Notice of Bond Sale; Bid Form; Official Terms and
Conditions of Bond Sale.
The Treasurer of the University of Kentucky (who is hereby recog-
nized and designated as the Treasurer of the Board for all purposes relating to
the issuance of the Series A Bonds) is hereby authorized and directed to cause
an appropriate form of a Notice of Bond Sale of the Series A Bonds to be
published in the HERALD-LEADER, a legal newspaper published in Fayette County,
Kentucky, THE COURIER JOURNAL (Statewide Edition), a legal newspaper published
in the City of Louisville, Kentucky, which will afford statewide notice of the
sale and in THE DAILY BOND BUYER, a financial journal published in the City of
New York, New York, which is a publication having general circulation among
bond buyers and said newspaper and financial journal are hereby declared to be
qualified to publish such notice for the Board within the meaning and provi-
sions of KRS Chapter 424. Such notices shall be published in said newspapers
and financial journal at least once and shall appear not less than seven (7)
days nor more than twenty-one (21) days prior to the scheduled date of sale of
said Series A Bonds. Such notice shall be in substantially the form prepared
by Rubin & Hays, Bond Counsel to the Board, as set forth in Exhibit B to this
Series A Resolution.
The Series A Bonds shall be offered as a whole, at not less than
97-3/4% of par, plus accrued interest from the date of the Series A Bonds to
the date of delivery. Only bids submitted on the Official Bid Form shall be
given favorable consideration. The Official Bid Form shall be in substantially
the form prepared by Bond Counsel as set forth in Exhibit C to this Series A