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 June 10, 2015, approved the application (the
“Application”) of The Corporation of Mercer University (the "University")
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 $80,000,000 (the “Bonds”), to be used by the University for the
following purposes (collectively, the “Project”): (i) financing or refinancing
all or a portion of the costs of the acquisition, construction, installation,
equipment, expansion or renovation of certain educational, academic and
recreational facilities, equipment and infrastructure on the University’s
campuses located in Atlanta, Georgia and Macon, Georgia (collectively, the
“Facilities”), (ii) financing capitalized interest on the Bonds and (iii)
paying all or a portion of the costs of issuance of the Bonds; and

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 University, 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 June 30, 2015, for which due