and the University's financial advisor, and such proposed form having been submitted to and
examined by this Board, such form is hereby approved and shall be executed substantially in the
submitted fonn, with permissible modifications and corrections which, in the opinion of Bond
Counsel and the President of the University, do not change the import thereof in any material respect.
The fonn of the Third Supplemental Trust Indenture is hereby approved, is incorporated in firll as a
part of this Resolution, and shall be substantially in the fonn attached hereto.
Section 4. . Provisions as to Sale of Series N Bonds. The sale of the Series N Bonds shall
be held on such date and time as shall be established by the President of the University. In the event
the President of the University shall, following establishment of a sale date for the Series N Bonds,
detemiine that the conditions in the marketplace are not favorable for the sale of the Series N Bonds
on such date, the President of the University is hereby authorized to direct that said Series N Bonds
be sold at a later date.
The forms of Notice of Bond Sale, Official Tenns and Conditions of Sale of Bonds, Bid .
Fonn and Official Statement, shall be in such fonn as approved by Bond Counsel, by the Board's
financial advisor and by the President of the University.
The Board authorizes the publication of the Notice of Bond sale in accordance with Chapter
424 of the Kentucky Revised Statutes and the financial advisor is authorized to disseminate copies of
the Official Statement.
Sealed bids for the purchase of the Series N Bonds shall be opened by the President and
considered on the date of the sale by a special committee of the Board hereby established and
7 comprised of , and Sid Easley (the "Special Committee"), whereupon
the Special Committee thereunto duly authorized shall, by resolution, accept the lowest and best bid
as recommended by the financial advisor for the Board.
Section 5. Certificate of Director of Physical Plant. The Board hereby acknowledges and
approves the Certification of Director of Physical Plant in the fonn attached hereto.
l Dated: February l2, 1999
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