Res-2020-010 - Laserfiche WebLink

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This bond is not a "private activity bond" as such term is defined in the Internal Revenue Code of 1986, as amended (the "Code"). The County has designated this bond as a "qualified tax-exempt obligation" under Section 265(b) of the Code for investment by financial institutions. This bond is not transferable, except (i) to a successor in interest (through merger, corporate reorganization or purchase of the Bank) or (ii) to a "qualified institutional buyer" as such term is defined in Rule 144A of the Securities Act of 1933 [additional or alternate conditions]. The County hereby irrevocably covenants and agrees with the owner of this bond that it will include in its annual budget and levy taxes annually, within and as a part of the tax levy permitted to counties without a vote of the electorate, upon all the property subject to taxation in amounts sufficient, together with other revenues and money legally available therefor, to pay the principal of and interest on this bond as the same shall become due. The full faith, credit and resources of the County are hereby irrevocably pledged for the annual levy and collection of such taxes and the prompt payment of such principal and interest. The pledge of tax levies for payment of principal of and interest on this bond may be discharged prior to maturity of this bond by making provision for the payment thereof on the terms and conditions set forth in the Bond Resolution. This bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Bond Resolution until the Certificate of Authentication hereon shall have been manually signed by or on behalf of the Bond Registrar or its duly designated agent. It is hereby certified that all acts, conditions and things required by the Constitution and statutes of the State of Washington to exist, to have happened, been done and performed precedent to and in the issuance of this bond have happened, been done and performed and that the issuance of this bond does not violate any constitutional, statutory or other limitation upon the amount of bonded indebtedness that the County may incur. IN WITNESS WHEREOF, Kittitas County, Washington, has caused this bond to be executed by the manual or facsimile signatures of the Chair and Clerk of the Board of County Commissioners, and the seal of the County to be impressed, imprinted, or otherwise reproduced hereon, as of this day of , 2020. [SEAL] KITTITAS COUNTY, WASHINGTON Brett Wachsmith, Chair of the Board of County Commissioners -11- 502686980 v1