publish such notices for the Board of Trustees within the
meaning and provisions of KRS Chapter 424. Such notice or
notices shall be published in said newspaper and financial
journal at least once and shall appear not less than seven
days nor more than twenty-one days prior to the scheduled
date of sale of said Bonds. Such notice shall be in sub-
stantially the form prepared by Wyatt, Tarrant & Combs, Bond
Counsel to the Board, as set forth in Exhibit B to this
Series I Resolution.

          The Series I Bonds shall be offered as a whole, at
not less than 98-1/2% of par, plus accrued interest, in
multiples of 1/8 or 1/20 of 1%. Interest rates shall be on
an ascending scale, with the difference between the highest
and lowest rate not to exceed 5%. 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 I Resolution.

          The right to reject any or all bids shall be
expressly reserved in the Board. On the occasion set forth
in such notice the Board, or its Executive Committee, or its
Finance Committee as the case may be, shall consider all
proposals made pursuant to such notice, and if acceptable
bids are received, award the Series I Bonds in the manner
and for the purposes herein provided, establish the interest
rate or rates which the Series I Bonds shall bear, and take
all other necessary and proper steps in the sale and issu-
ance of the Series I Bonds.

          The  Treasurer,  in  conjunction  with  Dupree   &
Company, Inc., Financial Advisor to the Board, and Bond
Counsel may cause to be prepared multiple copies of one or
more Official Terms and Conditions of Bond Sale giving more
complete and particular descriptions of the Series I Bonds,
provisions for the security and payment thereof, disposition
of bond proceeds and other information that it is not
feasible to give within the limits of the published notice
or notices, and may furnish copies of such Official Terms
and Conditions of Bond Sale to all interested bidders upon
request in substantially the form prepared by Bond Counsel,
as set forth in Exhibit D to this Series I Resolution.

          The Financial Advisor to the Board shall prepare
an "Official Statement" for the purpose of providing ade-
quate information to prospective bidders, and the same shall
be examined on behalf of the Board by the Treasurer, shall
be approved by said officer prior to the use thereof in
connection with the sale of the Series I Bonds, and shall be
executed on behalf of the Board by the Chairman.



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