401

375

President Friday then presented the following Bond Resolution in connection with the above Loan Agreement, and requested its adoption:

THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
Project No. CH-NC-73(D)

The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963, Series A, B, C, D, E and F

A resolution entitled:

A RESOLUTION AUTHORIZING THE CONSTRUCTION AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL OF A NEW DORMITORY, WITH NECESSARY APPURTENANT FACILITIES, TO HOUSE APPROXIMATELY 925 MEN STUDENTS; AUTHORIZING THE ISSUANCE OF $7,029,000 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES A, B, C, D, EAND F, INCLUDING $1,647,000 SERIES A BONDS TO REFUND A LIKE PRINCIPAL AMOUNT OF UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS - SERIES 1956; $305,000 SERIES B BONDS, $533,000 SERIES C BONDS, $1,000,000 SERIES D BONDS, AND $1,000,000 SERIES E BONDS, TO REFUND LIKE PRINCIPAL AMOUNTS OF UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS OF 1960 - Series A, B and C; AND $2,544,000 SERIES F BONDS TO PAY, WITH OTHER AVAILABLE FUNDS, THE COST OF SAID DORMITORY PROJECT; PROVIDING FOR THE PAYMENT OF SAID BONDS AND THE INTEREST THEREON FROM REVENUES; PROVIDING FOR THE AUTHORIZATION OF BONDS FOR ADDITIONAL FACILITIES THAT MAY HEREAFTER BE CONSTRUCTED; AND SETTING FORTH THE RIGH TS AND REMEDIES OF THE HOLDERS OF SAID BONDS,

was introduced, and Mr. Hill moved that it be adopted. The motion was seconded by Mr. Moore and the resolution was adopted by all members present voting for the adoption; those voting "Nay": None.

The Chairman thereupon declared said resolution unanimously adopted and the secretary was instructed to record it in the minutes of the Board. The said resolution is in the following words and figures, to-wit:.

THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL
Project No. CH-NC-73(D)

The University of North Carolina at Chapel Hill Dormitory System Revenue Bonds of 1963, Series A, B, C, D, E and F

A RESOLUTION AUTHORIZING THE CONSTRUCTION AT THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL OF A NEW DORMITORY, WITH NECESSARY APPURTENANT FACILITIES, TO HOUSE APPROXIMATELY 925 MEN STUDENTS; AUTHORIZING THE ISSUANCE OF $7,029,000 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES A, B, C, D, EAND F, INCLUDING $1,647,000 SERIES A BONDS TO REFUND A LIKE PRINCIPAL AMOUNT OF UNIVERSITY OF NORTH CAROLINA DORMITORY REVENUE BONDS - SERIES 1956; $305,000 SERIES B BONDS, $533,000 SERIES C BONDS, $1,000,000 SERIES D BONDS, AND $1,000,000 SERIES E BONDS, TO REFUND LIKE PRINCIPAL AMOUNTS OF UNIVERSITY OF NORTH CAROLINA