REPORT BY THE RECTOR ON THE ACTION OF THE EXECUTIVE COMMITTEE
REGARDING A SERIES RESOLUTION AUTHORIZING THE ISSUANCE OF $37,200,000
OF THE RECTOR AND VISITORS OF THE UNIVERSITY OF VIRGINIA VARIABLE
RATE DEMAND HOSPITAL REVENUE REFUNDING BONDS (SERIES D) TO PAY A
PORTION OF THE COST OF ADVANCE REFUNDING CERTAIN OUTSTANDING HOSPITAL
REVENUE BONDS; PROVIDING FOR ADJUSTMENTS IN THE INTEREST RATES ON
SUCH BONDS; PROVIDING FOR CONVERSION TO A FIXED INTEREST RATE;
DETERMINING THE CONDITIONS UNDER WHICH SUCH BONDS MAY BE TENDERED
FOR PURCHASE BY THE HOLDERS THEREOF; CREATING CERTAIN FUNDS AND
ACCOUNTS AND APPOINTING THE PAYING AGENT AND THE REMARKETING AGENT
The Rector reported that on December 10, 1985, the
Executive Committee, acting for the Board, adopted a Resolution
Authorizing the Issuance of $37,200,000 of the Rector and Visitors
of the University of Virginia Variable Rate Demand Hospital Revenue
Refunding Bonds (Series D) (See above for complete title). Details
of this resolution are in the minutes of the Executive Committee,
dated December 10, 1985.
