176

164

"The Executive Committee is hereby authorized to sell the Series A bonds in the manner and subject to the conditions provided in this Resolution and the Loan Agreement, dated as of December 1, 1961, by and between the Board, acting for and on behalf of the University of North Carolina, and the United States of America, heretofore entered into pursuant to a resolution of the Executive Committee.",

and

WHEREAS, said Loan Agreement, to which is attached a Waiver executed by the United States of America on August 29, 1962, and designated Waiver No. 1, provides that the $1,000,000 University of North Carolina Student Apartment Revenue Bonds of 1962, Series A, mentioned therein and authorized by said resolution, as amended, shall be sold at public sale in the manner provided in the Notice of Sale hereinafter set forth; now, therefore,

BE IT RESOLVED by the Executive Committee of the Board of Trustees of The University of North Carolina that the Business Officer and Treasurer of the Board of Trustees of The University of North Carolina be and he is hereby authorized and directed to publish a notice calling for sealed bids for said $1,000,000 University of North Carolina Student Apartment Revenue Bonds of 1962, Series A, of said Board of Trustees of The University of North Carolina, in the News and Observer, a newspaper of general circulation published in the City of Raleigh, North Carolina, and in the Daily Bond Buyer, a financial journal published in the City and State of New York, once at least fifteen days prior to the date for the receipt of bids. Such notice shall be substantially in the following form:

NOTICE OF SALE
$1,000,000
UNIVERSITY OF NORTH CAROLINA STUDENT APARTMENT REVENUE BONDS OF 1962, SERIES A of the BOARD OF TRUSTEES OF THE UNIVERSITY OF NORTH CAROLINA

Sealed bids will be received by the Board of Trustees of The University of North Carolina, acting by its Executive Committee, at the _____Governor's Office. State Capitol Building, Raleigh___________, North Carolina, until 10:30 o'clock A. M., Eastern Standard Time.
May 13, 1963
for the purchase of all or any of the hereinafter designated blocks of $1,000,000 University of North Carolina Student Apartment Revenue Bonds of 1962, Series A, of the Board of Trustees of The University of North Carolina.