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Part of Minutes of the University of Kentucky Board of Trustees

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-