7



       Section 1'. 02. (A) Ax. terms which are defined in Article I of the Reso-
lution shall have the same meanings. respectively, in this Series A Resolution
as such terms are given in said Article of the Resolution

                     (B) In this Series A Rsolution, Series X Bonds shall
mean the Bonds authorized by Article II of this Series A Resolution.

       Section 1. 03. 'I'his Series A Resolution is adopted pursuant to the pro-
visions of Section 162 340 et se. , of the Kentucky Revised Statutes and the
Re s oluti on.


ARTICLE II - Authoriz.i", of Series A Bonds.

       Section 2.0 1. Pursuant to the provisions of the Resolution there is here-
by authorized to be issued by the Board of Trustees of the University of Kentucky
in its corporate capacity, an initial series of Bonds in the aggregate principal
amount of One Million Two Hundred Thousand Dcllars ($1. 200, 000). Such Bonds
shall be designated as "University of Kentucky Community Colleges Educational
Buildings Revenue Bonds, Series A. " Said Series A Bonds are hereby declared
to have been authorized under the Resolution and in conformity with the pro--
visions of Section 7. 10 of the Resolution.

       Section 2.. 02  Said Series A Bonds are being issued for the purpose of
paying the costs (to the extent not c:thorwise provided) of erecting and completing
one or more educational bxii.'iiings with necessary appurtenances in the establish-
ment of a Community College in or adjacent to the City of Elizabethtown in
Hardin County, and in the establishmnent of a Community College in or adjacent
to the City of Prestonsburg in F!- Gd County, Kentucky, both of which Community
Colleges constitute parts of the C cmmunity Colleges Educational Buildings
Project by the terms and provirsi sins of the Resolution..

       Section 2, 03, The Serie(s A Bonds shall be dated May 1, 1963, and bear
interest payable November 1, 963. and thereafter semiannually on May 1 and
November 1 of each year at a coupon rate or coupon rates not exceeding the
statutory maximum of six per cent (6%) per annum, the exact rate or rates of
interest for said Series A Bonds to be fixed as a result of advertised sale and
competitive bidding for said Series A Bonds, as hereinafter provided. Said
Series A Bonds shall be numbered and scheduled to become due and payable in
numerical order on May I of the respective years, as follows:

BONDS NUMBERED                PRINCIPAL AMOUNT          DATE OF MATURITY
(Inclusive)

          i 130                      $30, 000            May 1, i965
          31-60                        30, 000            May 1, 1966
          61-95                         35, 000           May 1, 1967
          96 130                        35, 000           Ma.y 1, 1968