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[9] > Image [9] of Minutes of the University of Kentucky Board of Trustees, 1986-10-dec9.

Part of Minutes of the University of Kentucky Board of Trustees

9 Thereupon, the Chairman declared that said Resolution had been adopted, and that said documents had been approved. Thereupon, the President was authorized to proceed accordingly. (See FCR 4 at the end of the Minutes.) BB. Adoption of Resolution Approving the Issuance and Sale of Community Colleges Educational Buildings Revenue Bonds, Series F, dated February 1, 1987 (FCR 5) Mr. Clay reported that the Resolution and official documents regarding the Community Colleges Educational Buildings Revenue Bonds, Series F, dated February 1, 1987, had been prepared by Bond Counsel. These documents contemplate action by this Board of Trustees. 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 $26,100,000 OF UNIVERSITY OF KENTUCKY COMMUNITY COLLEGES EDUCATIONAL BUILDINGS REVENUE BONDS, SERIES F, DATED FEBRUARY 1, 1987, OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY, be adopted, that the official documents relating to the advertisement and sale of said 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 January 20, 1987 at 10:30 A.M., E.S.T., and that the University Treasurer, in cooperation with the President of the University and the Fiscal Agent, Oupree & 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: Yeas for the Motion Nays Against the Motion Robert T. McCowan None Raymond F. Betts William R. Black Albert G. Clay David R. Driscoll, Jr. Tracy Farmer Ronald G. Geary Donna G. Greenwell Edythe Jones Hayes Henry E. Hershey R. Larry Jones Frank Ramsey James L. Rose Bobby Watson Constance P. Wilson