HomeMy WebLinkAbout2082 .
t~e cost o! the capital vu~tlp pro~ects toa~ t~a instib~tians o~ higber
learnin6s 3uniar colle~ss and ares oocati~onsl-tecLnicat aeaters 3n
!'Lori,~s~ a]1 ot vl~ich such pro~ects are ao~~e partieular]1 ~escribed
in fi~e Act au3 in sucb r~~utiaa o~ Fetit3+o~r, a trt~ anQ ca~'r~~t
co~pr ot vhicl~ d~q certiried b~r tbe Seoretsry o! ths 8tste 8oara is
f31ed in evid~e~ce Lerein and marloed S~ibit "8" (Lereine~fter called
"~plsentsl Reealutian"). 3e1d psri pa8eu a~it3anal obl3~tioa~s in
the egg~+eg~tte prin~cipal a~o~umt o~ #50s000~000 hre authorised to be issu~ed
~ duriag tbe caLender year 196b. Snid peri passu s~ditiooal obli~e~tions
. in ti~e e`ggre,giste princi~al a~ouot of ~j,000,D00 are sut~orized to be
issusd dur3ng the cal,endsr y~ear 1967. ~teh ~i~pleaeatsl Resalutlon pro-
Rid~es tbnt tbe Series 8 Bonds ehall ba dated lie~r 1, 1966, e~811 be in the
8eno~imtica of $~j,000 each, shall besr intereat st not e~oceeding lour aad
ooe~a].i per centum (~i) Per an~, peyab]re ae~i-,anaouelly on Bo~v~ber 1
and liep? 1 0! eaah year, sball ~est~re in anaa~l inetsllaente on ~te~jr 1 0!
each o! tbe years 1967 to 1996, both iaclusivs, in tbe a~ou~nts pro~riaed
ia su~ch ~p].eoental Resoluti,cn, aad e~all hsv~e su~ prav3ainns for re-
d~tian prior to ~aturity and otber ~etails ss are ~ore specilical~y
c]escribea and eet forfih in su~ch S~ple~eatal R~esolutiao. (~ie Ser3es A
Bo~ds and the Series B Bo~ds sre ~ereia sam~etimes reterred to ~oiatly ae
r
~ the '~onds"~.
~VBl~B: Oa Deca~ber 17s 196Ss tbe Hoard oi Rag~ents, in con-
tormity vith tbe Higher ~3ucati~on AA~end~ent and the Act, ~Y e~O'Pted a
resolution recp~esting tbe Stste Board and t~e State Bu~et Ccmissiaa to
sllocate sad pro~vide tor tbe pe~noent to tbe 8oara of Re~ents tbe ewt o!
~36s~,~? lycam band proceeds !or tbe oost o! tbe capital autl~y-pro~ects
for iastitutirona ot hi~er learning ~os~e particular~j? ~eacribeQ 3a such
Act ead in s~t~ch reeWution.
~
Ia ooato:mi.ty vith ths Higher ~ication Aaendme~at
aad tbe Act~ tbe co~untLee ~oeosd belo~w by resolutions d~u]y aaaPted~ re-
qt~ested the 8tete Bosr!! aad tbe State Bucl~et Ca~ission to allocate and
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