Laserfiche WebLink
Draft No. 2 <br />December 7, 1998 <br />TRUSTEE'S RECEIPT <br />AND ADVICE OF DEPOSIT <br />This certificate is being executed and delivered as of December 16, 1998. The <br />undersigned, being a duly autharized officer of Norwest Bank Minnesota, N.A. (the "Trustee"), <br />does hereby certify the following: <br />(1) That it is the duly appointed, qualified and acting Trustee under and pursuant to the <br />Financing and Trust Agreement by and between Marion County, Oregon, and the Trustee, dated <br />as of December 1, 1998 (the "Agreement"), said Agreement pertaining to the Certificates (as <br />defined below}. All terms used herein and not otherwise defined herein shall have the respective <br />meanings assigned thereto in the Agreement. <br />(2) On the date hereof, the undersigned, as the Trustee, has received on behalf of the <br />County the sum of $21,817,292.43 (the "Purchase Price"), said sum being the net proceeds <br />derived from the issuance and sale of the County's $22,000,000.00 aggregate principal amount <br />Certificates of Participation (Courthouse Square Project), 1998 Series A(the "Certificates") and <br />consisting of the following components: <br />Principal amount of Certificates $22,000,000.00 <br />Plus accrued interest $42,;2;.;; <br />Less underwriters' discount ($150,097.50) <br />Less original issue discount ($74.933.40~ <br />Purchase Price: $21,817,292.43 <br />(3) The Trustee has applied the Purchase Price in accordance with the Agreement in the <br />following manner: <br />(a) The sum of $42,323.33 has been deposited by the Trustee in the 1998 Debt <br />Service Account of the Certificate Payment Fund Project Fund established under the <br />TRUSTEE'S RECEIPT AND ADVICE OF DEPOSIT PAGE 1 <br />