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      Yeas for the Motion                  Nays Against the Motion

      Robert T. McCowan                            None
      William R. Black
      John S. Cain
      Timothy A. Cantrell
      Albert G. Clay
      George W. Griffin
      Edythe Jones Hayes
      Brereton C. Jones
      R. Larry Jones
      James D. Kemp
      T. A. Lassetter
      W. Bruce Lunsford
      Frank Ramsey
      James L. Rose
      Bobby Watson
      Constance P. Wilson

      Thereupon, the Chairman declared that said Resolution had been
adopted, and that said documents had been approved. (See FCR 13 at the end
of the Minutes.)

       GG.   Adoption of Resolution Approving the Issuance and Sale of
Community Colleges Educational Buildings Refunding Revenue Bonds, Series D
(Second Series), dated August 1, 1986. (FCR 15)

       Mr. Clay reported that the Resolution and official documents
regarding the Community Colleges Educational Buildings Refunding Revenue
Bonds, Series D (Second Series), dated August 1, 1986, had been prepared by
Bond Counsel. These documents contemplate action by this Board of Trustees
or by the Executive Committee. Mr. Clay again noted that present at the
meeting is a quorum of the Board of Trustees.

       Thereupon, a motion was made by Trustee Clay, and seconded by
Trustee Rose that a Resolution entitled:

       A RESOLUTION AUTHORIZING THE ISSUANCE OF UNIVERSITY OF KENTUCKY
       COMMUNITY COLLEGES EDUCATIONAL BUILDINGS REFUNDING REVENUE BONDS,
       SERIES D (SECOND SERIES), DATED AUGUST 1, 1986,

be adopted, that the official documents relating to the advertisement and
sale of said Refunding Revenue Bonds be approved, and that, as provided in
the sale documents, bids be considered for the purchase of such Bonds by
the Treasurer of the University in the office of the President,
Administration Building, University of Kentucky Campus, Lexington,
Kentucky, until a certain date and hour, and that the University Treasurer,
in cooperation with the President of the University and the Fiscal Agent,
Dupree & Company, Inc., ascertain the best bid for the bonds, subject to
the provision that the actual award of the Bonds to the best bidder shall
be made by action of either the full Board or its Executive Committee at a
meeting scheduled for a later hour on that same date, true copies of which
Resolution and documents are attached to these Minutes. Upon such
Resolution and documents having been read and fully considered, a vote was.
taken on the motion to adopt such Resolution, which resulted as follows: