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[431]

Part of Minutes of the University of Kentucky Board of Trustees

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G. The right to reject bids for any reason deemed advisable by the Board, and the right to waive any possible informalities or irregularities in any bid which, in the judgment of the Board, shall be minor or immaterial, are expressly reserved. H. Bids must be made in writing on forms which, together with a Preliminary Official Statement, must be obtained from the Financial Advisor, J J B Hilliard, W L Lyons Incorporated 545 South Third Street Louisville, Kentucky 40202 (502) 588-8472 Bids must be enclosed in sealed envelopes marked "Bid for University of Kentucky Hospital Revenue Bonds, Series A, dated 1, 19 _", and bids must be received at the office of the President, Administration Building, University of Kentucky Campus, Lexington, Kentucky 40506, prior to p.m., E.D.T., on _ _ , 19 _ , at which time they will be opened and considered by the Board or its Executive Committee. I. CUSIP identification numbers will be assigned and printed on the Bonds without expense to the purchaser. Neither the failure to print a CUSIP number on any Bonds nor any error with respect thereto shall constitute cause for the failure or refusal by the purchaser thereof to accept delivery of and pay for the Bonds. J. Delivery of the executed Bonds will be tendered to the purchaser at a bank or trust company in Lexington, Kentucky or Louisville, Kentucky, within 45 days from the date of sale. Payment for the Bonds by the purchaser shall be in immediately available funds. The purchaser may elect to require delivery at any bank or trust company elsewhere in the Continental United States, provided the purchaser agrees to pay any additional expense in connection there- with, such expense to include shipping expense and insurance in transit. In connection with the issuance of the Bonds, the Board shall pay for the printing of the Bonds, which will contain the opinion of Bond Counsel. The purchaser will pay for the printing of the final Official Statement, which can be obtained from Westerfield-Bonte, Louisville, Kentucky, the printer of the preliminary Official Statement. Any fees charged by the bank where delivery of the Bonds is made will be paid by the purchaser. K. Upon wrongful refusal of the successful bidder to take delivery and pay for the Bonds when tendered for delivery, the amount of the good faith check shall be forfeited by such bidder, and such amount shall be deemed liquidated damages for such default; provided, however, if said Bonds are not ready for delivery within 45 days from the date of sale herein provided for, said bidder shall be relieved of any liability to accept the Bonds hereunder. -6-