EXECUTIVE ORDER

BY THE GOVERNOR:

WHEREAS:

WHEREAS:

WHEREAS:

WHEREAS:

WHEREAS:

EXECUTIVE ORDER
APPROVING THE ISSUANCE OF
PRIVATE ACTIVITY BONDS

The Governor of the State of Georgia has been informed by officials of the
Private Colleges and Universities Authority that the Private Colleges and
Universities Authority on April 30, 2013, approved the application (the
‘‘Application’’) of The Corporation of Mercer University, a Georgia
nonprofit corporation organized and existing under the laws of the State of
Georgia (the ''Corporation'') with respect to a plan of financing through the
use of revenue bonds to be issued by the Private Colleges and Universities
Authority in an amount not to exceed $75,000,000 (the “Bonds”), to
finance the facilities described in the Application and more particularly
described as to finance or refinance certain Corporation facilities and to
refund certain outstanding indebtedness of the Corporation (collectively,
the "Project"); and S

The aforementioned Bonds will be issued by the Private Colleges and
Universities Authority, an instrumentality of the State of Georgia, and the
Project will be owned and operated by the Corporation, which is located
entirely within the boundaries of the State of Georgia; and

The Governor is the chief elected executive officer of the State of Georgia;
and

This executive order is intended to constitute the approval required by
Section 147(f) of the Internal Revenue Code of 1986, as amended; and

A hearing which was open to the public relating to the proposed issuance
of the aforementioned Bonds, was held on May 22, 2013, for which due
and reasonable public notice was given in accordance with the provisions
of law and the procedures established therefor; and

TEFRA - PCUA Mercer U - Series 2013 Bonds - 05.13.docx