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[6]

Part of Minutes of the University of Kentucky Board of Trustees

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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 _ / _ / _ _ _ / _/ Chairman Attest:, As tant Secretary, Board of Trustees A,, ~~~~~~~~~-1-