RESOLUTION OF THE EXECUTIVE COMKITrEE OF THE BOARD OF
TRUSTEES OF THE UNIVERSITY OF KENTUCKY, RATIFYING,
CONFIRMING AND APPROVING TEE SERIES A RESOLUTION AS
CORRECTED TO REFLECT THE PRINCIPAL MATURITIES OF THE
SERIES A BONDS TO BE ISSUED IN THE TOTAL PRINCIPAL AMOUNT
OF $21,000,000, AND RELATED CLARIFYING LANGUAGE.
WHEREAS, the Board of Trustees of the University of Kentucky, on
June 25, 1986, adopted a Resolution entitled:
A RESOLUTION AUTHORIZING THE ISSUANCE OF $25,000,000 OF
UNIVERSITY OF KENTUCKY HOSPITAL REVENUE BONDS, SERIES A,
OF THE BOARD OF TRUSTEES OF THE UNIVERSITY OF KENTUCKY,
(the "Series A Resolution") which Resolution provided that the actual principal
amount of Series A Bonds to be issued and the date of sale for said Series A
Bonds should be determined by Executive Order of the President; and
WHEREAS, by Executive Order of the President of the University of'
Kentucky, it has been determined that the Series A Bonds shall be issued in the
principal amount of $21,000,000 and that the date of sale of said Series A
Bonds shall be July 29, 1986; and
WHEREAS, it has been determined that the Series A Resolution should
be clarified as to those provisions affected by the reduction in the authorized
principal amount of the Series A Bonds to be issued.
NOW, THEREFORE, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES OF
THE UNIVERSITY OF KENTUCKY, DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. That the principal maturities of the Series A Bonds in
the authorized principal amount of $21,000,000 be incorporated into the Series
A Resolution as shown on the attached Exhibit A.
Section 2. That the Series A Resolution be clarified as to those
provisions shown on the attached Exhibit A.
Adopted July 29, 1986.
(Seal) _ _ E _ / _ / _ _ _ / _/
As tant Secretary, Board of Trustees