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~ ~ ~ i R- 2 Marion County 3 State of Oregon 4 Certi~cates of Participation 5 (Courthouse Square Project) 6 1998 SERIES A '7 ORIGINAL ISSiJE DATE MATURITY DATE INTEREST RATE CUSIP 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 36 37 3s 39 REGISTERED OWNER: PRINCIPAL AMOUNT: #****'**#'***x*"AA,000,000 DOLLARS ($AA,000~000.00)*****#***#****##*****~***#~x*#* THIS IS TO CERTIFY that the Registered Owner of this Certificate of Participation (the "Certificate"), as identified above, is the owner of a fractional undivided interest in the right to receive certain 1998 Financing Paymenu under and pursuant to that certain Financing and Trust Agreement, dated as of December 1, 1998, (the "AgreemenP'), by and between Mazion Counry, a pol itical subdivision of the State of Oregon (the "County"), and Nonvest Bank Minnesota, N:A., as trustee (the "Trustee"). All terms used in this Certificate and not otherwise expressly defined herein shall have the respective meanings assigned thereto in the Agreement. This Certificate is one of the duly authorized Certificates of Participation (Courthouse Square Project), 1998 Series A(the "1998 Certificates") aggregating $22,000,000.00 principal amount, executed pursuant to the terms of the Agreement. The Certificates evidence and represent fractional undivided interesu in the 1998 Financing Payments payable by the County under the Agreement. Subject to the terms of the Agreement and any right of prepayment provided for in the Agreement, the Registered Owner of this Certificate is entided to receive: (1) on the Payment Date set foRh above, upon surrender of this Certificate at the Corporate Trust Office ofthe Trustee, the Principal Amount specified above, representing the Registered Owner's fractional undivided shaze ofthe 1998 Financing Payments designated as principal components coming due on the Payment Date; and (2) on each June 1 and December 1 of each year, commencing with June 1, 1999, interest on said Principal Amount at the Interest Rate per annum set forth above, representing the Registered Owner's fractional undivided share of the By: 1998 Financing Payments designated as interest components coming due on such June 1 and December 1. Both principal of and interest on this CeRificate shall be payable in lawful money of the United States ofAmerica. Upon final payment of the principal of and interest evidenced by this Certificate, it shall be surrendered to the Trustee for cancellation. 'TFIE TERMS AND CONDITIONS OF THIS Certificate ARE CON'I'INiJED ON THE REVERSE SIDE HEREOF, WHICH CONTINUED TERMS AND CONDTTIONS SHALL HAVE THE SAME EFFECT AS IF PRINTED ABOVE. THE COUNTY HAS CERTIFIED that all acts, conditions and things required by the statutes ofthe State of Oregon and the Agreement to exist, to have happened and to have been performed precedent to and in connection with the execution and delivery of this Certificate do exist, have happened and have been performed in regulaz and due time, form and manner as required by law, and that the Trustee is duly authorized to execute and deliver this Certificate, and that the amount of this Certificate, together with all other Certificates executed and delivered under the Agreement, is not in excess of the amount of Certificates authorized to be executed and delivered thereunder. IN WITNESS WHEREOF, this Certificate has been executed by the manual signature of an authorized signatory of the Trustee as of the date set forth below. NORWEST BANK MINNESOTA~ N.A., as Trustee Its Authorized Officer Date of Authentication: