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       WHEREAS, at a meeting held on March 4, 1963, the Board of Trustees
of the University of Kentucky adopted a Resolution entitled:


       A RESOLUTION creating and establishing a Community Colleges
       Educational Buildings Project of the University of Kentucky; creat-
       ing and establishing an issue of Community Colleges Educational
       Buildings Revenue Bonds of the Board of Trustees of the University
       of Kentucky; providing for the issuance from time to time of said
       bonds; providing for the payment of the principal of and interest on
       said bonds and repealing all resolutions or parts of resolutions
       in conflict with this resolution.

       AND WHEREAS,     no Series Resolutions have been adopted by the Board
specifically authorizing any seriesof bonds pursuant to the terms and provisions
thereof, no bonds have been issued thereunder, and no other contractual rights
have become vested thereunder; and the Board now desires to amend the aforesaid
Re solution;

      NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE UNIVERSITY
OF KENTUCKY, DOES HEREBY RESOLVE, AS FOLLOWS:

      Section 1. That certain Resolution which was adopted by the Board of
Trustees on March 4, 1963 and which is identified by quotation of its title or
caption in the preamble of this resolution is hereby amended in the following
respects:

      (A)  ARTICLE I, Section 1l 01, subparagraph (k) is amended to
            redefine the term "Resolution" to mean the aforesaid Reso-
            lution which was adopted on March 4, 1963, as hereby amended,
            and the single word "Resolution" need not be followed by the
            words "as amended" or any other qualifying phrase.

      (B) ARTICLE IV, Section 4, 05 is deleted in its entirety and the
            following text is hereby substituted in lieu  thereof:

                     Section 4, 05. There is hereby created a separate
            account called the "Community Colleges Educational Buildings
            Project Bond and Inte rest Sinking Fund" (hereinafter referred
            to as the "Bond Fund").  The Bond Fund shall be established
            and maintained by and in the custody of the Trustee, and
            maintained by it so long as any of the Bonds are outstanding.
            Such Bond Fund shall be used by the Trustee to pay interest
            on the Bonds as it becomes due from time to time, and to
            pay and retire the Bonds as they mature, or as otherwise
            herein provided,