502

473

System Revenue Bonds of 1963, Series A, B, C, D, E and F, and each of said banks is hereby designated a Depositary under the provisions of said resolution for the respective account indicated:

Account	Depositary
The University of North Carolina at Chapel Hill Dormitory Construction Account of 1963 (Sec. 401)	Wachovia Bank & Trust Company in Raleigh, North Carolina.
The University of North Carolina at Chapel Hill Dormitory System Revenue Fund Account of 1963 (Sec. 503)	Wachovia Bank & Trust Company in Raleigh, North Carolina.

Section 2. That, as provided in Section 503 of said resolution of February 24, 1964, Wachovia Bank and Trust Company, in the City of Raleigh, North Carolina, shall be the Depositary of The University of North Carolina at Chapel Hill Dormitory System Bond and Interest Sinking Fund Account of 1963 and the Depositary of The University of North Carolina at Chapel Hill Dormitory System Repair and Replacement Reserve Account of 1963.

Section 3. That the use of any one or more of said banks as a Depositary of moneys in any of said accounts under the provisions of said resolution of February 24, 1964 is hereby authorized, ratified, confirmed and approved.

A resolution entitled:

"RESOLUTION ESTABLISHING RENTALS AND PARIETAL RULES AND REGULATIONS FOR THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM, IN CONNECTION WITH THE AUTHORIZATION AND ISSUANCE OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES A, B, C, D, E AND F."

was introduced, and Mr. Hill moved that it be adopted. The motion was seconded by Mrs. Lathrop and the resolution was adopted by all members present voting for its 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:

RESOLUTION ESTABLISHING RENTALS AND PARIETAL RULES AND REGULATIONS OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM, IN CONNECTION WITH THE AUTHORIZATION AND ISSUANCE OF THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL DORMITORY SYSTEM REVENUE BONDS OF 1963, SERIES A, B, C, D, E AND F.

WHEREAS, the Board of Trustees of The University of North Carolina (herein called the "Board") by a resolution adopted by the Board on February 24, 1964, entitled: