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Image 3 of 1997 - Board of Regents Meeting Minutes.

Part of Murray State University Board of Regents Meeting Minutes.

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BID FORM Subject to the terms and conditions set forth in the Official Terms and Conditions of Sale of Bonds, providing for the sale of $750,000 (plus or minus up to $100,000) of Murray State University Housing and Dining System Revenue Bonds, dated June 1, 1997, and in accordance with the notice of sale of the bonds as advertised, to all of which the undersigned agrees, the undersigned hereby submits the following offer to purchase said Bonds. We hereby bid for said $750,000 principal amount of Bonds, the sum of (not less than $735,000) (98%), plus accrued interest from June 1, 1997, to the date of delivery of the Bonds, such Bonds to bear interest payable semiannually on March 1 and September 1, commencing March l, 1998, at the following annual rate (s): Serial Term' Serial Ter1·n‘ Maturity Principal Bond_ Bond Maturity Principal Bond Bond September 1 Amount @ @ September 1 Amount g @ 1998 $20,000 _% __% 2008 $35,000 ;% ____% 1999 25,000 _;% ___% 2009 40,000 1% _% 2000 25,000 __% _% 2010 40,000 __% ___% j 2001 25,000 ___% __% 201 1 45,000 1% ___% 1 2002 25,000 __% ___% 2012 45,000 _____% _% ( 2003 30,000 _% ;% 2013 50,000 _% ____% 1 2004 30,000 _% ;% 2014 50,000 _% _% 1 2005 30,000 __% __% 2015 55,000 ;% _% 2006 30,000 _% ___% 2016 55,000 __% _% 2007 3 5 ,000 ;% _% 2017 60,000 _% ;_% *Bidders may elect to structure the maturities to include term bonds with mandatory sinking fund redemptions. To bid term Bonds, put interest rate in Term Bond Rate column. We understand that this bid may be accepted for as much as $850,000 of Bonds and for as little as $650,000 of Bonds, at the same price per $1,000 of Bonds as the price bid per $1,000 of Bonds by the undersigned with the variation in such amount being adjusted as determined by the Board of Regents at the time of Acceptance of the best bid. We understand that the Board of Regents will fumish the final, approving legal opinion of Peck, Shaffer & Williams, L.L.P., Municipal Bond Attomeys, of Covington, Kentucky. We agree that if we are the successful bidder, immediately available funds in the amount of $15,000, payable to Murray State University will be deposited in PNC Bank, Kentucky, Inc., Louisville, Kentucky, by federal wire transfer, ABA 0830-00108, prior to the end of the business day on June 13 1997, in accordance with the 1 -1-

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