Res-2020-010 - Laserfiche WebLink

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registered as to both principal and interest, shall be issued as a single fully registered bond, and shall be numbered in such manner and with any additional designation as the Bond Registrar deems necessary for purposes of identification. The Board hereby authorizes the County Representative to approve the final principal amount of the Bond, not to exceed $6,750,000 and the amortization schedule in accordance with the Approved Bid. The principal and interest amounts of the Bond shall be paid in installments with interest payable commencing on the First Interest Payment Date and principal payable on Principal Payment Dates, with the final payments due on the Final Maturity Date. The Bond shall bear interest on unpaid principal from its date or the most recent date to which interest has been paid at the Interest Rate. Interest shall be calculated on the basis of a 360 -day year consisting of twelve 30 -day months. Section 3. Registration, Transfer and Payments. (a) Bond Registrar/Bond Register. The Board hereby requests that the Treasurer specify and adopt the system of registration approved by the Washington State Finance Committee from time to time through the appointment of state fiscal agents (the "Bond Registrar"). The Bond Registrar shall keep, or cause to be kept, at its principal corporate trust office, sufficient records for the registration and transfer of the Bond (the "Bond Register"), which shall be open to inspection by the County. The Bond Registrar is authorized, on behalf of the County, to authenticate and deliver the Bond transferred or exchanged in accordance with the provisions of such Bond and this resolution and to carry out all of the Bond Registrar's powers and duties under this resolution. The Bond Registrar shall be responsible for its representations contained in the Certificate of Authentication on the Bond. -8- 502686980 v1