Minutes of the Special Called Meeting of the Executive
Committee of the Board of Trustees of the University of Kentucky,
Thursday, March 10, 1983.



    The Executive Committee of the Board of Trustees of the
University of Kentucky met in a Special Called Meeting in the
Board Room on the 18th floor of the Patterson office Tower on the
Lexington Campus at 11 a.m. (Eastern Standard Time) on Thursday,
March 10, 1983.

    A.   Meeting opened and Roll Called

    Mr. William B. Sturgill, Chairman, called the meeting to
order at 11:10 a.m. and the invocation was pronounced by Mr.
William R. Black.

    The following members of the Executive Committee of the Board
of Trustees answered the call of the roll: Mr. William B.
Sturgill (Chairmany, Mr. William R. Black, Mr. Tracy Farmer, and
Mr. John C. Darsie (Assistant Secretary, ex officio, of the
Executive Committee). Absent from the meeting were Mr. Albert G.
Clay and Mr. A. Stevens Miles. Members of the Board of Trustees
attending the meeting were Mr. James W. Dinkle, Mrs. Edythe Jones
Hayes, Mr. W. Terry McBrayer, and Professor William F. Wagner.
The University administration was represented by President Otis
A. Singletary; Dr. Donald B. Clapp, Vice President for
Administration; Chancellors Peter P. Bosomworth, Art Gallaher,
and Charles T. Wethington; Dr. Raymond R. Hornback, Vice
President for University Relations; Mr. Henry Clay Owen,
Controller and Treasurer; Mr. David I. Carter, Special Assistant
for Business and Financial Affairs; Dr. Paul G. Sears, Special
Assistant for Academic Affairs; and Dr. Wimberly C. Royster, Vice
Chancellor for Research and Dean of the Graduate School. Members
of the various news media were also in attendance. The Secretary
reported a quorum present, and the Chairman declared the meeting
officially open for the conduct of business at 11:13 a.m.

    B.   Adoption of Resolution Accepting the Successful Bid for
the University of Kentucky Consolidated Educational Buildings
Revenue Bonds, Series H (PR 3A)

    Thereupon, a motion was made by Mr. Farmer and seconded by
Mr. Black that the following titled Resolution, which was read in
summary form to the Executive Committee, be adopted:

    A RESOLUTION RELATING TO THE $8,500,000 UNIVERSITY OF
    KENTUCKY CONSOLIDATED EDUCATIONAL BUILDINGS REVENUE
    BONDS, SERIES H.



    (The full Resolution being attached to these Minutes as
Exhibit 1.)