Confirmation of Officers

Motion Passed:  Confirmation of Officers passed with a motion by Mr. William Bradley and a second by Mr. Joseph Coleman.

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ASHLAND INDEPENDENT

SCHOOL DISTRICT FINANCE CORPORATION, RELATING TO AND PROVIDING FOR THE ISSUANCE OF $4,670,000 PRINCIPAL AMOUNT (SUBJECT TO A PERMITTED

ADJUSTMENT OF 10%) OF SCHOOL BUILDING REVENUE BONDS IN ACCORDANCE WITH SECTIONS 58.180 AND 162.120 THROUGH 162.300 AND 162.385 OF THE KENTUCKY REVISED STATUTES TO PROVIDE FUNDS FOR SCHOOL BUILDING PURPOSES, PROVIDING AND DETERMINING THE DUTY OF SAID CORPORATION IN CONNECTION WITH THE OPERATION OF THE SCHOOL PROPERTY, THE CREATION OF FUNDS SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON SAID REVENUE BONDS AS AND WHEN THEY MATURE, THE CREATION OF ADEQUATE MAINTENANCE AND INSURANCE FUNDS, AND AUTHORIZING THE EXECUTION OF A LEASE OF SUCH FOREGOING PROPERTY TO THE BOARD OF EDUCATION OF THE ASHLAND INDEPENDENT SCHOOL DISTRICT

Motion Passed:  A RESOLUTION OF THE BOARD OF DIRECTORS OF THE ASHLAND INDEPENDENT SCHOOL DISTRICT FINANCE CORPORATION, RELATING TO AND PROVIDING FOR THE ISSUANCE OF $4,670,000 PRINCIPAL AMOUNT (SUBJECT TO A PERMITTED ADJUSTMENT OF 10%) OF SCHOOL BUILDING REVENUE BONDS IN ACCORDANCE WITH SECTIONS 58.180 AND 162.120 THROUGH 162.300 AND 162.385 OF THE KENTUCKY REVISED STATUTES TO PROVIDE FUNDS FOR SCHOOL BUILDING PURPOSES, PROVIDING AND DETERMINING THE DUTY OF SAID CORPORATION IN CONNECTION WITH THE OPERATION OF THE SCHOOL PROPERTY, THE CREATION OF FUNDS SUFFICIENT TO PAY THE PRINCIPAL OF AND INTEREST ON SAID REVENUE BONDS AS AND WHEN THEY MATURE, THE CREATION OF ADEQUATE MAINTENANCE AND INSURANCE FUNDS, AND AUTHORIZING THE EXECUTION OF A LEASE OF SUCH FOREGOING PROPERTY TO THE BOARD OF EDUCATION OF THE ASHLAND INDEPENDENT SCHOOL DISTRICT passed with a motion by Mr. Don Ashby and a second by Mr. Joseph Coleman.

Adjournment

Motion Passed:  Adjournment passed with a motion by Mr. Don Ashby and a second by Mr. William Bradley.