13



by the Constitution or Statutes of Kentucky; that said Project will be continuously
operated, andthat a sufficient portion of the gross Revenues therefrom has been
pledged to and will be set aside into said Bond Fund for the payment of the
principal of and interest on this Bond and the issue of which it is one, and all
other bonds which by their terms and the terms of the Resolution are payable
from said Bond Fund, as and when the same will respectively become due.

       IN TESTIMONY WHEREOF, the Board of Trustees of the University of
Kentucky has caused this Bond to be executed on its behalf by the reproduced
facsimile signature of its Chairman, and the facsimile of its corporate seal
to be imprinted hereon, attested by the manual signature of its Secretary, and
the-couponshereto attached to be executed with the facsimile signatures of said
Chairman and Secretary, all being done as of the first day of May, 1963.




                                      Chairman, Board of Trustees
(SEAL)                                University of Kentucky

ATTEST:



Secretary, Board of Trustees



                            (FORM OF COUPON)

No.                                                              $

       On the first day of             , 19   ';,(unless the Bond to which
this coupon is attached shall have been duly called for prior redemption and
payment of the redemption price duly made or provided for), the Board of
Trustees of the University of Kentucky, at Lexington, Kentucky, will pay to bearer
                    Dollars ($         ) in any coin or currency which at the
time of payment thereof is legal tender for the payment of public and private debts
out of its "Community Colleges Educational Buildings Project Bond and Interest
Sinking Fund," at the principal office of First Security National Bank & Trust
Company of Lexington, in the City of Lexington, Kentucky, or, at the option of
the holder hereof, at the principal offices of Continental Illinois National Bank
and Trust Company of Chicago. in the City of Chicago, Illinois, or of Chemical
Bank New York Trust Company, in the City of New York, New York, as provided
in and for interest then due on its Community Colleges Educational Buildings
Revenue Bond, Series A, dated May 1, 1963, Number