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[6]

Part of Minutes of the University of Kentucky Board of Trustees

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- 6 - U. Resolution of the Board of Trustees of the University of Kentucky Accepting the Successful Bid for the Purchase of $22.300.000 Principal Amount of University of Kentucky Consolidated Educational Buildings Revenue Bonds, Series L. Dated May 1. 1991 (FCR 11) Mr. Ockerman announced that bids had been received for the purchase of $22,300,000 of University of Kentucky Consolidated Educational Buildings Revenue Bcnds, Series L, dated May 1, 1991. He reported that the bids had been referred to the Finance Committee and the Committee recommended that the best bid be accepted. The Controller and Treasurer presented to the Finance Committee, after the analysis, the best offer for the purchase of said Consolidated Educational Buildings Revenue Bonds, Series L, dated May 1, 1991, and thereupon Mr. Ockerman entertained a motion that a Resolution, the form of which had been distributed to the members of the Board of Trustees prior to the meeting and was available at such meeting, be adopted, which Resolution was entitled: RESOLUTION OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY ACCEPTING THE SUCCESSFUL BID FOR THE PURCHASE OF $22,300,000 PRINCIPAL AMOUNT OF UNIVERSITY OF KENTUCKY CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE BONDS, SERIES L, DATED MAY 1, 1991 The motion for adoption of said Resolution accepting the successful bid of Lehman Brothers was made by Senator Huddleston and seconded by Mr. Rose. Upon a vote being taken on such motion the result was as follows: Yeas for the Motion Nays for the Motion Ted B. Bates None Raymond F. Betts Carolyn S. Bratt William E. Burnett, Jr. Albert B. Chandler Tracy Farmer Edythe Jones Hayes Walter D. Huddleston Sean Lohman Foster Ockerman Judith Rhoads Jim Rose Jerome A. Stricker William B. Sturgill Billy B. Wilcoxson Henry R. Wilhoit, Jr. Thereupon, the Chairman declared that such motion had carried and that such Resolution, a copy of which Resolution is attached to the Minutes of this meeting, and made a part thereof as if copied in full herein, had been adopted. He directed that the good faith check of the successful bidder be deposited and the checks of the unsuccessful bidders be returned to such bidders. (See FCR 11 at the end of the Minutes.)