1995-22951-Resolution No. 95-013 Recorded 6/29/1995REVIEW
55-22951 LEG COUNSEL
BEFORE THE BOARD OF COUNTY COMMISSIONERS FOR DESCHUTES COUNTY, OREGON
ACTING AS THE GOVERNING BODY OF THE
REDMOND LIBRARY COUNTY SERVICE DIS�� ? l Pfit 2' 4 9
r
'Lr r
A Resolution of Redmond Library County Service ) �. , , E V , F r,, Y `
District, Deschutes County, Oregon Authorizing the )
Issuance of General Obligations Bonds to Finance )
Library Facilities and to Pay All Costs Incidental ) 0147`00216
Thereto. )
Resolution No. 95-103
WHEREAS, the Board of County Commissioners of Deschutes County, Oregon,
as the governing body of the Redmond Library County Service District, Deschutes County,
Oregon, submitted to the legal voters of the Redmond Library County Service District, Deschutes
County, State of Oregon (the "District"), the question of contracting a general obligation bonded
indebtedness in the sum of $2,000,000 to finance library facilities and to pay all costs incidental
thereto; and
WHEREAS, the election was duly and legally held on March 28, 1995, and this
Council has canvassed the result thereof and has declared that issuance of bonds in such sum has
been approved by a majority of the qualified voters of the District voting at the election; now,
therefore,
NOW THEREFORE, BE IT RESOLVED by the Board of County Commissioners
for Deschutes County, Oregon, as the governing body of the Redmond County Library Service
District as follows:
Section 1. Authorization.
1.1. For the above purposes, the District shall issue its General Obligation Bonds,
Series 1995 (the "Bonds"), in an amount of not to exceed Two Million Dollars ($2,000,000), to
be issued in denominations of Five Thousand Dollars ($5,000) or integral multiples thereof, and
shall bear interest payable at maturity or prior redemption at a rate which shall not exceed a true
effective rate of seven percent (7%) per annum, to be dated, and to mature serially over a period
of not to exceed 20 years, all as determined by the Deschutes County Administrator in
consultation with the District's Chair and Underwriters.
Section 2. Bond Book -Entry -Form.
2.1. The Bonds shall be initially issued in book -entry -form, with no Bonds being
made available to the Bondowners. The Deschutes County Administrator shall execute and
deliver letters of representations to The Depository Trust Company, New York, New York
("DTC") for the Bonds, in form and substance satisfactory to DTC. So long as the Bonds are in
book -entry form: �1 rnF., M��
Page 1 - Resolution 95--103 (6-28-95)
JUL 0 9 19`1
JARDR\REDMOND. L[B\RES2. DOC
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0147-0327
2.1.1. Ownership of the Bonds shall be recorded through entries on the
books of banks and broker-dealer participants and correspondents that are related to
entries on the DTC system. The Bonds shall be initially issued in the form of a global
bond. Each global bond shall be registered in the name of Cede & Co. as nominee of DTC
as the owner of the Bond, and such global bonds shall be lodged with DTC until early
redemption or maturity of the Bond issue.
2.1.2. The Registrar shall remit payment for the maturing principal and
interest on the Bonds to DTC as owner of the Bonds for distribution by the nominee to
the beneficial owners by recorded entry on the books of DTC participants and
correspondents. While the Bonds are in book -entry -form, the Bonds will be available in
denominations of $5,000 or any integral multiple thereof.
2.2. In the event DTC determines not to continue to act as securities depository
for the Bonds, or the District determines that DTC shall no longer so act; then the District will
discontinue maintaining the Bonds in the book -entry -form with DTC.
2.3. Notwithstanding the provisions regarding exchange and transfer of Bonds set
forth in this Resolution, while the Bonds are in book -entry -form they may not be transferred or
exchanged on the registration books maintained by the Paying Agent except:
below;
2.3.1. to any successor depository designated by the District as provided
2.3.2. to any successor nominee designated by a depository; or
2.3.3. if the District elects to discontinue maintaining the Bonds in book -
entry -form, the District shall cause the Paying Agent to authenticate and deliver
replacement Bonds in fully registered form in authorized denominations in the names of
the beneficial owners or their nominees; thereafter the provisions set forth herein,
regarding registration, transfer and exchange of Bonds shall apply.
2.4. Upon the resignation of any institution acting as depository hereunder, or if
the District determines that continuation of any institution in the role of depository is not in the
best interests of the beneficial owners, the District shall attempt to identify another institution
qualified to act as depository hereunder or shall discontinue maintaining the Bonds in book -entry -
form by resolution or ordinance. If the District is unable to identify such successor depository
prior to the effective date of the resignation, the District shall discontinue maintaining the Bonds
in book -entry -form as provided above.
2.5. With respect to Bonds registered in the registration books maintained by the
Paying Agent in the name of the nominee of DTC, the District and the Paying Agent shall have no
responsibility or obligation to any participant or correspondent of DTC or to any beneficial owner
on behalf of which such participants or correspondents act as agent for the beneficial owner with
respect to:
Page 2 - Resolution 915-103 (648-95) 71RDR\REDM0ND.LIB\RES2.D05
014'7-0128
2.5. 1. the accuracy of the records of DTC, the Nominee or any participant
or correspondent with respect to any beneficial owner's interest in the Bonds;
2.5.2. the delivery to any participant or correspondent or any other person
of any notice with respect to the Bonds, including any notice of prepayment;
2.5.3. the selection by DTC of the beneficial interest in Bonds to be
redeemed prior to maturity; or
2.5.4. the payment to any participant, correspondent, or any other person
other than the registered owner of the Bonds as shown in the registration books
maintained by the Paying Agent, of any amount with respect to principal or interest on the
Bonds.
2.6. So long as the Bonds are in book -entry -form, the Paying Agent will give any
notice of redemption or any other notices required to be given to registered owners of Bonds only
to DTC or its nominee registered as the registered owner thereof. Any failure of DTC to advise
any of its participants, or of any participant to notify the beneficial owner, of any such notice and
its content or effect will not affect the validity of the redemption of the Bonds called for
redemption or of any other action premised on such notice. Neither the District nor the Paying
Agent is responsible or liable for the failure of DTC or any participant to make any payment or
give any notice to a beneficial owner in respect of the Bonds or any error or delay relating thereto.
2.7. The District shall pay or cause to be paid all principal and interest on the
Bonds only to or upon the order of the owner, as shown in the registration books maintained by
the Paying Agent, or their respective attorneys duly authorized in writing, and all such payments
shall be valid and effective to fully satisfy and discharge the District's obligation with respect to
payment thereof to the extent of the sum or sums so paid.
2.8. Upon delivery by DTC to the District and to the owner of written notice to
the effect that DTC has determined to substitute a new nominee in place of the nominee, then the
word "nominee" in this Resolution shall refer to such new nominee of DTC, and upon receipt of
such notice, the District shall promptly deliver a copy thereof to the Paying Agent. DTC shall
tender the Bonds it holds to the Paying Agent for reregistration.
2.9. The provisions of this Section may be modified without the consent of the
beneficial owners in order to conform this Section to the standard practices of DTC for bonds
issued in book -entry -form.
Section 3. Optional Redemption.
3.1. The District reserves the right to redeem all or any portion of the Bonds as
authorized in the Bond Purchase Agreement.
7:UtDR\REDMOND
Page 3 - Resolution 95-103 (6-28-95 ) .LIB\RES6/L3/ 5
0147-o3�'9
Section 4. Notice of Redemption of Bonds (DTC).
4.1. So long as the Bonds are in book -entry form, the Paying Agent shall notify
DTC of any early redemption not less than 30 days prior to the date fixed for redemption, and
shall provide such information in connection therewith as required by a letter of representation
submitted to DTC in connection with the issuance of Bonds.
Section 5. Notice of Redemption (No DTC).
5.1. During any period in which the Bonds are not in book -entry form, unless
waived by any Owner of the Bonds to be redeemed, official notice of any redemption of bonds
shall be given by the Paying Agent on behalf of the District by mailing a copy of an official
redemption notice by first class mail postage prepaid at least 30 days and not more than 60 days
prior to the date fixed for redemption to the Owner of the Bond or bonds to be redeemed at the
address shown on the bond register or at such other address as is furnished in writing by such
owner to the Paying Agent. The District shall notify the Paying Agent of any intended
redemption not less than 45 days prior to the redemption date. All such official notices of
redemption shall be dated and shall state:
5.1.1. the redemption date.
5.1.2. the redemption price,
5.1.3. if less than all outstanding Bonds are to be redeemed, the
identification (and, in the case of partial redemption, the respective principal amounts) of
the Bonds to be redeemed,
5.1.4. that on the redemption date the redemption price will become due
and payable upon each such Bond or portion thereof called for redemption, and that
interest thereon shall cease to accrue from and after said date, and
5.1.5. the place where such Bonds are to be surrendered for payment of
the redemption price, which place of payment shall be the principal office of the Paying
Agent.
5.2. Prior to any redemption date, the District shall deposit with the Registrar an
amount of money sufficient to pay the redemption price of all the Bonds or portions of Bonds
which are to be redeemed on that date.
5.3. Official notice of redemption having been given as aforesaid, the Bonds or
portions of Bonds so to be redeemed shall, on the redemption date, become due and payable at
the redemption price therein specified, and from and after such date (unless the District shall
default in the payment of the redemption price) such Bonds or portions of bonds shall cease to
bear interest. Upon surrender of such Bonds for redemption in accordance with said notice, such
Bonds shall be paid by the Registrar at the redemption price. Installments of interest due on or
prior to the redemption date shall be payable as herein provided for payment of interest. Upon
surrender for any partial redemption of any Bonds, there shall be prepared for the registered
]:RDR\REDMOND.LIB\RES
Page 4 - Resolution 75-163 C6-28-95) 6/D 95
0147-0330
owner a new Bond or Bonds of the same maturity in the amount of the unpaid principal. All
Bonds which have been redeemed shall be canceled and destroyed by the Registrar and shall not
be reissued.
5.4. In addition to the foregoing notice, further notice shall be given by the
Registrar as set out below, but no defect in said further notice nor any failure to give all or any
portion of such further notice shall in any manner defeat the effectiveness of a call for redemption
if notice thereof is given as above prescribed.
5.4.1. Each further notice of redemption given hereunder shall contain the
information required above for an official notice of redemption plus (i) the CUSIP
numbers of all Bonds being redeemed; (ii) the date of issue of the Bonds as originally
issued; (iii) the rate of interest borne by each Bond being redeemed; (iv) the maturity date
of each Bond being redeemed; and (v) any other descriptive information needed to identify
accurately the Bonds being redeemed.
5.4.2. Each further notice of redemption shall be sent at least 35 days
before the redemption date by registered or certified mail or overnight delivery service to
all registered securities depositories then in the business of holding substantial amounts of
obligations of types comprising the Bonds (such depositories now being Depository Trust
Company of New York, New York, Midwest Securities Trust Company of Chicago,
Illinois, Pacific Securities Depository Trust Company of San Francisco, California and
Philadelphia Depository Trust Company of Philadelphia, Pennsylvania) and to one or more
national information services that disseminate notices of redemption of obligations such as
the Bonds (such as Financial Information, Inc.'s Financial Daily Called Bond Service;
Interactive Data Corporation's Bond Service; Kenny Information Service's Called Bond
Service; Moody's Municipal and Government; and Standard and Poor's Called Bond
Record.
5.4.3. Each such further notice shall be published one time in The Bond
Buyer of New York, New York or, if such publication is impractical or unlikely to reach a
substantial number of the holders of the Bonds, in some other financial newspaper or
journal which regularly carries notices of redemption of other obligations similar to the
Bonds, such publication to be made at least 30 days prior to the date fixed for redemption.
5.4.4. Upon the payment of the redemption price of Bonds being
redeemed, each check or other transfer of funds issued for such purpose shall bear the
CUSIP number identifying, by issue and maturity, the Bonds being redeemed with the
proceeds of such check or other transfer.
Section 6. Authentication, Registration and Transfer.
6.1. No Bond shall be entitled to any right or benefit under this Resolution unless
it shall have been authenticated by an authorized officer of the Paying Agent. The Paying Agent
shall authenticate all Bonds to be delivered at closing of the Bonds, and shall additionally
authenticate all Bonds properly surrendered for exchange or transfer pursuant to this Resolution.
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014'7-0331
6.2. The ownership of all Bonds shall be entered in the bond register maintained
by the Paying Agent, and the District and the Paying Agent may treat the person listed as owner
in the bond register as the owner of the Bond for all purposes.
6.3. While the bonds are in book -entry -form, the Paying Agent shall transfer Bond
principal and interest payments in the manner required by DTC.
6.4. If the Bonds cease to be in book -entry -form, the Paying Agent shall mail each
interest payment on the interest payment date ( or the next business day of the payment date is not
a business day) to the name and address of the Bondowners as they appear on the bond register as
of the fifteenth day of the month preceding an interest payment date (the "Record Date"). If
payment is so mailed, neither the District nor the Paying Agent shall have any further liability to
any party for such payment.
6.5. Bonds may be exchanged for an equal principal amount of Bonds of the same
maturity which are in different denominations, and Bonds may be transferred to other owners if
the Bondowner submits the following to the Paying Agent:
6.5.1. written instructions for exchange or transfer satisfactory to the
Paying Agent, signed by the Bondowner or attorney in fact and guaranteed or witnessed in
a manner satisfactory to the Paying Agent; and
6.5.2. the Bonds to be exchanged or transferred.
6.6. Bonds shall be considered submitted to the Paying Agent on the date the
Paying Agent actually receives these materials described above.
6.7. The Paying Agent shall not be required to exchange or transfer any Bonds
submitted to it during any period beginning with a Record Date and ending on the next following
payment date; however, such Bonds shall be exchanged or transferred promptly following that
payment date.
6.8. The Paying Agent shall note the date of authentication on each Bond. The
date of authentication shall be the date on which the Bondowner's name is listed on the bond
register.
6.9. The District may alter these provisions regarding registration and transfer by
mailing notification of the altered provisions to all Bondowners. The altered provisions shall take
effect on the date stated in the notice, which shall not be earlier than 45 days after notice is
mailed.
Section 7. Security.
7.1. The full faith and credit of the District are pledged to the successive owners
of each of the Bonds for the punctual payment of such obligations, when due. The District shall
levy annually, as provided by law, a direct ad valorem tax upon all of the taxable property within
the District, without limit as to rate or amount, in sufficient amount, after taking into
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014'7-0332
consideration discounts taken and delinquencies that may occur in the payment of such taxes and
other monies available for the payment of debt service on the Bonds, to pay the Bonds promptly
as they mature, and the District covenants with the owners of its Bonds to levy such a tax
annually during each year that any of the Bonds, or Bonds issued to refund them, are outstanding.
Section 8. Maintenance of Tax -Exempt Status.
8.1. The District covenants for the benefit of the owners of the Bonds to comply
with all provisions of the Internal Revenue Code of 1986, as amended (the "Code") which are
required for Bond interest to be excluded from gross income for federal income taxation purposes
(except for certain taxes on corporations), unless the District obtains an opinion of nationally
recognized Bond Counsel that such compliance is not required for the interest paid on the Bonds
to be so excluded. The District makes the following specific covenants with respect to the Code:
8.1.1. The District shall not take any action or omit any action, if it would
cause the Bonds to become "arbitrage bonds" under Section 148 of the Code and shall pay
any rebates to the United States which are required by Section 148(f) of the Code.
8.1.2. The District shall operate the facilities financed with the Bonds so
that the Bonds are not "private activity bonds" within the meaning of Section 141 of the
Code.
8.1.3. The District shall comply with all reporting requirements.
8.1.4. The District shall pay any required rebates to the federal
government.
8.1.5. The covenants contained in this section and any covenants in the
closing documents for the Bonds shall constitute contracts with the owners of the Bonds,
and shall be enforceable by them.
Section 9. Designation of Bonds as Qualified Tax -Exempt Obligations.
9.1. The District designates the Bonds as qualified tax-exempt obligations
pursuant to Section 265(b)(3) of the Code. The District covenants not to so designate
tax-exempt obligations in the current calendar year in an aggregate amount of more than
$10,000,000. The District (and all subordinate entities thereof, if any) does not reasonably expect
to issue more than $10,000,000 of tax-exempt obligations during the current calendar year.
Section 10. Rebate Exemption.
10.1. The District has general taxing powers. No portion of the Bond proceeds
will be used to finance property which is used in the trade or business of nongovernments, or is
loaned to nongovernments. None of the Bonds are "private activity bonds" within the meaning of
Section 141 of the Code. At least ninety-five percent of the net proceeds of the Bonds will be
used for public improvements which will be owned and operated by the District. The District
(and all subordinate entities thereof, if any) does not reasonably expect to issue tax-exempt
Page 7 - Resolution 95-103 (6-28-95) JARWREDMONDUMESIDOC
014'7-0333
obligations in calendar year 1995 which have an aggregate face amount of more than $5,000,000.
Accordingly, under Section 148(f (4)(c) of the Code, no rebate to the United States is required to
be paid in connection with the Bonds.
Section 11. Defeasance.
11.1. The District may defease the Bonds by setting aside, with a duly appointed
escrow agent, in a special escrow account irrevocably pledged to the payment of the Bonds to be
defeased, cash or direct obligations of the United States in an amount which, in the opinion of a
certified public accountant satisfactory to the escrow agent, without reinvestment, is at least equal
to the principal amount of the Bonds to be defeased, plus interest which will accrue thereon until
maturity or any earlier date for which the issuer has given irrevocable instructions for redemption.
Such Bonds shall be paid hereunder, and shall cease to be entitled to any lien, benefit or security
under this Bond Resolution except the right to receive payment from such special escrow
account; such Bonds shall not for any purpose of this Bond Resolution be deemed outstanding.
Section 12. Experts.
12.1. Seattle -Northwest Securities Corporation is hereby retained as the District's
financial advisor; Preston Gates & Ellis is hereby retained as the bond counsel and Edward
D. Jones & Co. is hereby retained as the underwriter.
Section 13. Sale.
13.1. The Bonds are to be sold in the manner and upon the terms and conditions
stated in the Bond Purchase Contract to be negotiated by the Deschutes County Administrator.
The Deschutes County Administrator or his designee will execute and deliver the Bond Purchase
Contract and such other certificates, documents and representations necessary to sell the Bonds
consistent with this Resolution.
Section 14. Undertaking to Provide Ongoing Disclosure.
14.1. This Section 14 describes the District's obligation under Section (b)(5) of
the Securities and Exchange Commission's Rule 15c2-12 (the "Rule") relating to ongoing
disclosure. The District does not have more than $10,000,000 in aggregate principal amount of
outstanding municipal securities, including the Bonds. The provisions of paragraph (b)(5) of the
Rule do not apply to the Bonds because paragraph (d)(2)(ii) and paragraph (d)(2)(iii) of the Rule
(relating to issuers with no more than $10,000,000 of outstanding municipal securities) do not
apply to an offering of municipal securities commencing prior to January 1, 1996.
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0147-0rV
34
Adopted by the unanimous vote of the Board of County Commissioners of
Deschutes County, as the governing body of the District, with a quorum in attendance, this 28th
day of June, 1995.
Board of County Commissioners of Deschutes
County, Oregon, acting as the governing body of
the Redmond Library County Service District
Co issioner
Attest:
Secretary
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No. R -
Interest Rate:
Maturity Date:
Certificate Date:
CUSIP Number: _
Registered Owner:
Principal Amount:
Exhibit A
Form of Bond
United States of America
Redmond Library County Service District
Deschutes County, Oregon
General Obligation Bond
Series 1995
1,
July 1, 1995
Dollars----
WJ5
014'7 -
The Redmond Library County Service District, Deschutes County, Oregon (the "District"), for
value received, acknowledges itself indebted and hereby promises to pay to the registered owner hereof, or
registered assigns, the principal amount indicated above on the above maturity date together with interest thereon
from the date hereof at the interest rate per annum indicated above, computed on the basis of a 360 -day year of
twelve 30 -day months. Interest is payable semiannually on the first day of and the first day of
in each year until maturity or prior redemption, commencing 1, . Principal and
interest payments shall be received by Cede & Co., as nominee of The Depository Trust Company, or its registered
assigns, on each payment date. Such payments shall be made payable to the order of "Cede & Co."
This bond is one of a duly authorized series of bonds aggregating $2,000,000 in principal amount
designated as General Obligation Bonds, Series 1995 (the 'Bonds"). The Bonds are issued to finance library
facilities. The Bonds are issued under and pursuant to a Resolution of the District adopted on June 28, 1995 (the
"Resolution"), and in full and strict accordance and compliance with all of the provisions of the Constitution and
Statutes of the State of Oregon.
The Bonds are issuable in the form of registered Bonds without coupons in denominations of
$5,000 or any integral multiple thereof. This Bond may be exchanged for an equal aggregate principal amount of
registered Bonds of the same maturity and of any other authorized denominations in the manner and subject to the
conditions set forth in the Resolution.
The Bonds maturing on 1, , are subject to mandatory redemption on
1 in each of the years and in the principal amounts set forth below, any such redemption to be at a
price equal to 100 percent of the principal amount to be redeemed plus accrued and unpaid interest thereon to the
date fixed for redemption. The particular Bonds to be redeemed on each such date shall be selected by lot in such
manner as the Registrar shall determine.
Year Amount
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Page 1 - Exhibit A (Form of Bond)
014'7-0336
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[The District reserves the right to redeem all or any portion of the Bonds maturing after
1, , in by lot on 1, , and on any interest payment date thereafter, at par plus
accrued interest to the date fixed for redemption.]
[The District reserves the right to redeem all or any portion of the Bonds then outstanding by lot
on the following dates at the following prices expressed as percentages of the principal amount, plus accrued
interest to the date fixed for redemption:
If Redeemed On: Redemption Price
[Amounts paid to redeem Bonds by optional redemption will be applied to reduce the amount of
Bonds subject to mandatory redemption in order of scheduled mandatory redemption.]
Notice of any call for redemption shall be given as required by the Letter of Representations to
The Depository Trust Company, as referenced in the Bond Resolution. Interest on any Bond or Bonds so called for
redemption shall cease on the redemption date designated in the notice. The Issuer's paying agent and registrar,
which is currently <<Paying Agent>>, in Portland, Oregon (the "Registrar"), will notify The Depository Trust
Company promptly of any Bonds called for redemption.
Any transfer of this Bond must be registered, as provided in the Resolution, upon the bond
register kept for that purpose at the principal corporate trust office of the Registrar. This Bond may be registered
only by surrendering it, together with a written instrument of transfer which is satisfactory to the Registrar and
which is executed by the registered owner or his duly authorized attorney. Upon registration, a new registered
Bond or Bonds, of the same series and maturity and in the same aggregate principal amount, shall be issued to the
transferee as provided in the Resolution. The District and the Registrar may treat the person in whose name this
Bond is registered on the bond register as its absolute owner for all purposes, as provided in the Resolution.
The Bonds are initially issued as a book -entry -only security issue with no certificates provided to
the Bondowners. Records of Bond ownership will be maintained by the Registrar and The Depository Trust
Company and its participants.
Should the book -entry -only security system be discontinued, the Bonds shall be issued in the form
of registered Bonds without coupons in the denominations of $5,000 or any integral multiple thereof. Such Bonds
may be exchanged for Bonds of the same aggregate principal amount, but different authorized denominations, as
provided in the Bond Resolution.
Unless this certificate is presented by an authorized representative of The Depository Trust
Company to the issuer or its agent for registration of transfer, exchange or payment, and any certificate
issued is registered in the name of Cede & Co. or such other name as requested by an authorized
representative of The Depository Trust Company and any payment is made to Cede & Co., ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL since the registered owner hereof, Cede & Co., has an interest herein.
IT IS HEREBY CERTIFIED, RECITED, AND DECLARED that all conditions, acts, and things
required to exist, to happen, and to be performed precedent to and in the issuance of this bond have existed, have
happened, and have been performed in due time, form, and manner as required by the Constitution and Statutes of
the State of Oregon[ and the Charter of the District]; that the issue of which this bond is a part, and all other
obligations of the District, are within every debt limitation and other limit prescribed by such Constitution,
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Page 2 - Exhibit A (Form of Bond)
0147~003`7
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Statutes[ and Charter]; and that the District has covenanted to levy a tax upon all taxable property within the
District in an amount sufficient, with other available funds, to pay when due the interest on and the principal of the
bonds.
IN WITNESS WHEREOF, the Board of County Commissioners of Deschutes County, as the
governing body of the District of the Redmond Library County Service District, Deschutes County, Oregon, has
caused this bond to be signed by facsimile signature of its Chair and attested by facsimile signature of its
Administrator, as of the date indicated above.
below.
Dated:
Redmond Library County Service District
Chair, Board of County Commissioners of
Deschutes County
Deschutes County Administrator
This Bond shall not be valid unless properly authenticated by the Registrar in the space indicated
Certificate of Authentication
This is one of the Redmond Library County Service District, Deschutes County, Oregon General
Obligation Bonds, Series 1995, issued pursuant to the Resolution described herein.
<<Paying Agent>>, as Registrar
Authorized Officer
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Page 3 - Exhibit A (Form of Bond)
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Assignment
014 7-03138
—031138
FOR VALUE RECEIVED, the undersigned sells, assigns and transfers unto
Please insert social security or other identifying number of assignee
this bond and does hereby irrevocably constitute and appoint
as attorney to transfer this bond on the books kept for registration thereof with the full power of
substitution in the premises.
Dated:
NOTICE: The signature to this assignment must correspond with the name of the registered
owner as it appears upon the face of this bond in every particular, without alteration or enlargement or any change
whatever.
Signature Guaranteed
(Bank, Trust Company or Brokerage Firm)
Authorized Officer
The following abbreviations, when used in the inscription on the face of this bond, shall be
construed as though they were written out in full according to applicable laws or regulations.
TEN COM -- tenants in common
TEN ENT -- as tenants by the entireties
JT TEN -- as joint tenants with right of survivorship and not as tenants in common
OREGON CUSTODIANS use the following
CUST UL OREG MIN
as custodian for (name of minor)
OR UNIF TRANS MIN ACT
under the Oregon Uniform Transfer to Minors Act
Additional abbreviations may also be used though not in the list above.
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Page 4 - Exhibit A (Form of Bond)
