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-10- 502686980 v1 <br /> Section 5. Form of Bond. The Bond shall be in substantially the following form: <br />UNITED STATES OF AMERICA <br /> <br />NO. R-1 $__________ <br /> <br />STATE OF WASHINGTON <br />KITTITAS COUNTY <br />LIMITED TAX GENERAL OBLIGATION REFUNDING BOND, 2020 <br />INTEREST RATE: 1.91% <br /> <br />MATURITY DATE: DECEMBER 1, 2030 <br /> <br />REGISTERED OWNER: U.S. BANK NATIONAL ASSOCIATION <br /> ____________________ <br /> ____________________ <br /> <br />TAX IDENTIFICATION #: _____________ <br /> <br />PRINCIPAL AMOUNT: _________________________ AND NO/100 DOLLARS <br /> <br /> KITTITAS COUNTY, WASHINGTON (the “County”), hereby acknowledges itself to <br />owe and for value received promises to pay to the Registered Owner identified above, or <br />registered assigns, the Principal Amount specified above, together with interest thereon, at the <br />Interest Rate, which interest shall be payable semi-annually on June 1 and December 1 of each <br />year until paid, commencing on June 1, 2020. Principal shall be repaid in installments as <br />provided on Exhibit A attached hereto. Interest shall be calculated on the basis of a 360-day year <br />consisting of twelve 30-day months. <br /> <br /> Both principal of and interest on this bond are payable in lawful money of the United <br />States of America. This bond shall bear interest on unpaid principal from its date or the most <br />recent date to which interest has been paid. The final payment of principal of and interest on this <br />bond shall be paid to the Registered Owner hereof upon presentation and surrender of this bond <br />to the fiscal agent of the state of Washington, currently U.S. Bank National Association, as, <br />authenticating agent and paying agent or such other agent as may be appointed by the Kittitas <br />County Treasurer (the “Bond Registrar”). <br /> <br /> This bond is issued pursuant to Resolution No. 2020-____ (the “Bond Resolution”) <br />adopted by the Board of the County on January 21, 2020 to provide funds for the purpos e of <br />refunding certain outstanding general obligation bonds of the County. Capitalized terms used in <br />this bond and not otherwise defined shall have the meanings given them in the Bond Resolution. <br /> <br /> This bond is not subject to prepayment. <br />