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Image 526 of 1997 - Board of Regents Meeting Minutes.

Part of Murray State University Board of Regents Meeting Minutes.

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"'l`liird Supplemental lndenturc," "'l`liird Supplemental `l`rust lndeuture," or "Supplemental Indenture" relcrs to this instrument; "Rccord Date" shall mean, with respect to any interest payment date. the close of business on February I5 and August I5, as the case may be, next preceding such interest payment date, whether or not such February I5 or August I5 is a business day. I "Series M Bonds" refers to the "Murray State University Housing and Dining System Revenue Bonds, Series M, dated as of the first day of the month in which issued or sold "Series M Construction Fund" refers to the Construction Fund or Account for which provision is made in this Third Supplemental Indenture for the Series M Project intended to be ` financed, in part, through the issuance of the Series M Bonds. "Series M Project" refers to the expansion and upgrading of the mechanical room at Winslow Cafeteria to adequately provide space and air circulation for the support equipment and to upgrade and modernize serving lines to support a new meal access system and refurbish the environment in Winslow Hall, the foregoing to be used for housing and dining purposes. "Murray State University Housing and Dining System," "Housing and Dining System," and "System" refers to the housing and dining buildings, appurtenant facilities and related · auxiliary enterprises located in Murray, Calloway County, Kentucky, comprising portions of the University, identified as Woods Hall, Waterfield Student Union Building, Richmond Hall, Clark Hall, College Court I, Franklin Hall and Winslow Cafeteria, College Court II, Elizabeth Hall, Springer Hall, Wells Hall, Ordway Hall, Hart Hall, College Court III, Hester Hall and the Series M Project, and as the same may be added to in the future by including therein any other housing and dining facilities or related auxiliary enterprises and in accordance with the provisions of the Trust Indenture and this Supplemental Indenture. ARTICLE IV - AUTHORIZATION OF SERIES M BONDS Section 401. Authorization and Designation of Series M Bonds. Pursuant to the provisions of the Trust Indenture there is hereby authorized to be issued by the Board, in its corporate capacity, a Series of Bonds in the aggregate principal amount of $750,000 (plus or minus up to $100,000). Such Series M Bonds shall be designated as "Murray State University Housing and Dining System Revenue Bonds, Series M." Said Series M Bonds are hereby declared to have been authorized hereunder and under the Trust Indenture in conformity with the provisions of ARTICLE XI thereof. The Board hereby represents that the conditions prescribed in Section I I0] ofthe Trust Indenture will have been complied with prior to the issuance ofthe Series M Bonds, and that the Series M Bonds are issued on a basis of parity with the Series B. Series C, Series D, Series E, Series F, Series G, Series H, Series I, Series J, Series K, and Series - I, Bonds, and such subsequent parity bonds as may hereafter be authorized subject to the prescribed limitations. Section 4(Qg Description oi`Series M l’roi& Said Series lvl Iiouds are being issued lor the purpose of paying the costs (to the extent not otherwise provided) oferectiug and completing —t I

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