“State” means the State of Washington. “Term Bonds” means Series 2018 Bonds that are designated as Term Bonds in the Bond Sale Resolution and all other Parity Bonds designated as such in the applicable Parity Bond authorizing resolution. “Treasurer” means the Chief Financial Officer/Vice President for Business and Financial Affairs of the University, including any interim or acting Chief Financial Officer/Vice President, or other officer who assumes responsibility for overseeing treasury functions of the University. “Undertaking” means the continuing disclosure agreement set forth in Section 16 of this Series Resolution. “Underwriter” means the successful bidder and underwriter identified in the Bond Sale Resolution. Section 2. Findings of the Board of Trustees. In addition to the findings made in the preamble to this Series Resolution, the Board finds that: (1) There is no deficiency in either the Principal and Interest Account or the Reserve Account of the Bond Fund. (2) Provision is made by Section 10 of this Series Resolution for the payment of the principal of and interest on the Series 2018 Bonds from the Bond Fund. (3) The University is or will be in compliance with the conditions for the issuance of the Series 2018 Bonds as Parity Bonds set forth in Section 11 of the Master Resolution. Section 3. Authorization of Series 2018 Bonds. The University shall issue the Series 2018 Bonds in an aggregate principal amount of not to exceed $45,000,000 for the purpose of providing funds to pay all or a portion of the cost of the Project, to capitalize interest on the
52919530.2
6
Made with FlippingBook - professional solution for displaying marketing and sales documents online