February 2018 Board meeting - CWU Sammamish - a

(b) Authentication. Only a Series 2018 Bond bearing a Certificate of Authentication in substantially the following form, manually signed by the Registrar, shall be valid or obligatory for any purpose or entitled to the benefits of this Series Resolution: “Certificate of Authentication. This Series 2018 Bond is one of the fully registered Central Washington University System Revenue Bonds, Series 2018, described in the Series Resolution.” The authorized signing of a Certificate of Authentication shall be conclusive evidence that the Series 2018 Bond so authenticated has been duly executed, authenticated, and delivered and is entitled to the benefits of this Series Resolution. Section 7. Payment of Series 2018 Bonds. Principal of and interest on each Series 2018 Bond shall be payable in lawful money of the United States of America. Principal of and interest on each Series 2018 Bond registered in the name of the Securities Depository are payable in the manner set forth in the Letter of Representations. Principal of and interest on each Series 2018 Bond not registered in the name of the Securities Depository are payable by electronic transfer on the payment date, or by check or draft of the Registrar mailed on the payment date, to the Registered Owner at the address appearing on the Bond Register on the Record Date. However, (a) the University is not required to make electronic transfers except pursuant to a request by a Registered Owner in writing received on or prior to the Record Date and at the sole expense of the Registered Owner and (b) the final principal amount of each Series 2018 Bond not registered in the name of the Securities Depository is payable only upon presentation and surrender of the Series 2018 Bond by the Registered Owner to the Registrar. The Series 2018 Bonds are not subject to acceleration under any circumstances.

52919530.2

11

Made with FlippingBook - professional solution for displaying marketing and sales documents online