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Image 8 of 1999 - Board of Regents Meeting Minutes.

Part of Murray State University Board of Regents Meeting Minutes.

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INDEX S ARTICLE I - RECITALS l TITLE PAGE Section 1.01 Authorization of Series C, D, E, F, G, H, I, J, K, L and M Bonds ............ 2 Section 1.02 Security and Source of Payment of Bonds .................................................. 3 Section 1.03 Compliance with Trust Indenture ................................................................ 3 ARTICLE H — PURPOSES Section 201 Authorization of Series N Project ........................v....................................... 3 Section 202 Purpose ......................................................................................................... 3 j 1 ARTICLE III - DEFINITIONS ................................................................. 3 ARTICLE IV · AUTHORIZATION OF SERIES N BONDS .................. 4 Section 401 Authorization and Designation of Series N Bonds ..................................... 4 Section 402 Description of Series N Project ................................................................... 5 . Section 403 Series N Bonds Issued As Fully Registered Bonds; Interest Payment Dates and Maturities ...............................................................,..... 5 V Section 404 Registered Owners; Payment of Principal and Interest; Authentication of Series N Bonds; Mutilated, Lost, Stolen ` or Destroyed Bonds ..................................................................................... 5 I ARTICLE V - SERIES N BONDS TO BE OFFERED AT PUBLIC SALE ............................................................. 7 I ` ARTICLE VI - CUSTODY AND APPLICATION OF 1 BOND PROCEEDS ............................................................ 7 ‘ Section 601 Creation of Series N Construction Fund ..................................................... 7 ` Section 602 Creation of the "Costs of Issuance Account" ..,................................ , .......... 8 t Section 603 Application of Proceeds of Series N Bonds ............................................. 8 Section 604 Application of Excess Proceeds after Completion of Series N Project ...... 8 j Section 605 Investment of Moneys in Series N Construction Fund ............................... 9 Section 606 Debt Service Reserve ................................................................................... 9 Section 607 Reimbursement of Advances ....................................................................... 9 ARTICLE VH - REDENIPTION PROVISION .................................................,.... 9 i

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