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HomeMy WebLinkAboutA037 - Transmittal to The Depository Trust Company of executed GO Bonds 1 through 12CITY OF AMES, IOWA VIA FEDERAL EXPRESS Scott Silverman The Depository Trust Company Interface/Underwriting Department ISL 55 Water Street New York, New York 10041 RE: Ames, Iowa $11,165,000 General Obligation Corporate Purpose Bonds, Series 2009B Dear Mr. Silverman: Enclosed are the executed General Obligation Corporate Purpose Bonds, Series 2009B, for the City of Ames, Iowa, numbered from I to 12, inclusive, which should be held in escrow pending their release for closing on October 29, 2009. If you have any questions or if there is anything else you need, please telephone our bond counsel, Robert E. Josten, Dorsey & Whitney LLP at telephone number (515) 283-1000. Very truly yours, r1i - City Treasurer REJ:mlc Enclosures cc: Robert E. Josten NO. I UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENE,RAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $500,000 RATE MATURITY DATE BOND DATE CUSfP 2.00% June 1, 2010 October 29, 2009 030807 E 31 'Fire City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal sum of Cede & Co. FIVE HUNDRED THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per antrum specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books, interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar, This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the fight to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in pail in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemedshallbe given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be sealed with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of' its City Clerk, on October 29, 2009. CITY OF AMES, IOWA By Mayor Attest: Wiq off. Mtxlis .......... `SEAL'-/ City Clerk Registration Date: October 29, 2009 13OND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one oftlic Bonds described in the within -mentioned Re s�oluti,(�,.s �i Ames, Iowa ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common TEN ENT as tenants by the entireties TEN as joint tenants with right of survivorship and not as tenants in common UTMA (Cast) As Custodian for (Minor) Linder Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. 121MIN UNITED STATES OF AME RICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $860,000 RATE MATURITY DATE BOND DATE CUSIP 2,00% June 1, 2011 October 29, 2009 030807 E 49 The City of Ames, in the County Of Story, State of Iowa, for value received, promises to pay oil the maturity date of this Bond to or registered assigns, the principal sum of Cede & Co. EIGHT HUNDRED SIXTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Allies, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per annum specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 20 10, except as die provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appealing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of' improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (tile "Resolution"). The City reserves the right to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. Hie Bonds may be called in part in one or more units of $5,000. if less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the light of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to tile Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as tile absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of tile City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be scaled with tile facsimile of its official sea], to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009, CTfY OF AMES, IOWA By J I Mayor Attest: City Clerk Sill . . ..... Registration Date: October 29, 2009 BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resohnio City fAsurA,'Ames, Iowa The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in contmon UTMA TEN ENT as tenants by the entireties (Cust) As Custodian for TEN as joint tenants with (Minor) right of survivorship and under Uniform Transfers to Minors Act not as tenants in common (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint power of substitution. Dated: Signature guaranteed: attorney, to transfer this Bond on the books kept for registration thereof with full NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 3 UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $870,000 RATE MATURITY DATE BOND 13ATE CUSIT, 2.00% June 1, 2012 October 29, 2009 030807 E 56 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal SUTTI Of Cede & Co. EIGHT HUNDRED SEVENTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Allies, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest oil said sum, until paid, at the rate per annum specified above from the date of this Bond, or from the most recent interest payment date oil which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day incrilths. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying tile cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the right to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a now Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and -exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be sealed with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. Attest: City Clerk Registration Date: October 29, 2009 CITY OF AMES, IOWA By Mayor BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resolution. Ac.4V—loway- ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Cost) As Custodian for TEN as joint tenants with (Minor) right of survivorship and under Uniform Transf6-s to Minors Act not as tenants in common (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 4 UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $885,000 RATE MATURITY DATE, BOND DATE, CUSIP 2.00% June 1, 2013 October 29, 2009 030807 164 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to Cede & Co. or registered assigns, the principal sum of EIGHT HUNDRED EIGH TY-FIVE T1401JSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per annurn specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, Oil June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered o,Aqiex- at the address shown on such registration books. Interest shall be calculated oil the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the right to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot, The Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be sealed with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009- CITY OF AMES, IOWA By Mayor Attest: . .......... City Clerk Registration Date: October 29, 2009 BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resoluti City TrAsuO Ames, Iowa Cl ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Cost) As Custodian for TEN as joint tenants with (Minor) right of survivorship and under Uniform Transfers to Minors Act not as tenants in common (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 5 UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $905,000 RATE MATURITY DATE BOND DATE CUSfP 2.00% June 1, 2014 October 29, 2009 030807 E72 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal SLIM Of Cede & Co. NINE HUNDRED FIVE THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Allies, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest oil said sum, until paid, at the rate per annum specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business oil the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to tire registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with tile provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, stoma sewers, sanitary sewers, municipal waterworks system and municipal electric system (tire "Resolution"). The City reserves the right to call and redeem pail or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of die Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be scaled with the facsimile of its official sea], to be executed with tire duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. CITY OF AMES, IOWA 1 May.;�� Attest: I , trxs I ;�Z ............... S E A L City Clerk Registration Date: October 29, 2009 aw , BOND REGISTRAR'S CERTIFICATE 017 AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned ReSolu -"in 6ytiC,rty1eas./='1Iowa ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common TEN ENT" as tenants by the entireties UTMA (Cust) As Custodian for TEN - as joint tenants with (Minor) right of survivorship arid under Uniform Transfers to Minors Act not as tenants in common (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No, 6 UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $925,000 RATE MATURITY DATE BOND DATE CUSIP 2.50% June 1, 2015 October 29, 2009 030807 E 80 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to Cede & Co. or registered assigns, the principal sum of NINE HUNDRED TWENTY-FfVE THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per arinum specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books- of the City at the close of business on the fifteenth day of the month next preceding tile interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar, This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of" Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the right to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be scaled with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. Attest: if City Clerk Registration Date: October 29, 2009 CITY OF AMES, JOWA By Mayor BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resolution. Ci�tM. ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common IJTMA TEN ENT as tenants by the entireties (Cost) As Custodian for TEN as joint tenants with (Minor) right of survivorship and under Uniform Transfers to Minors Act not as tenants in comnion (State) Additional abbreviations may also be used though not in the list above, ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 7 UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF ANTES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $955,000 RATE MATURITY DATE BOND DATE CUS111 2.50% June 1, 2016 October 29, 2009 030807 E 98 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal sum of Cede & Co. NINE HUNDRED FIFTY-FIVE THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Allies, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per annum specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"), The City reserves the right to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form, and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that tire total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be sealed with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. crry OF AMES, IOWA By Mayor Attest: - ------ SEAL lr�, City Clerk Registration Date: October 29, 2009 BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resolu no City.r4 ,.r ),An ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common TEN ENT as tenants by the entireties TEN as joint tenants with right of survivorship and not as tenants in common UTMA (Gust) As Custodian for under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above, ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (Minor) and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 8 UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BONI), SERIES 2009B $980,000 RATE MATURITY DATE BONI) DATE CUSfP 2.50% June 1, 2017 October 29, 2009 030807 F 22 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal sum of Cede & Co. NINE HUNDRED EIGHTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at die rate per annurn specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown oil such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the right to call and redeem part or all of the Bonds maturing in each of die years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot The Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of tire City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be sealed with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. Attest: City Clerk Registration Date: October 29, 2009 CITY OF AMES, IOWA By May., BOND M.",,GISTRAR'S CERTIFICATE OF'AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Reolul WS CtT,4so, Ames, low. ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common TEN ENT as tenants by the entireties TEN as joint tenants with right of survivorship and not as tenants in common U'IMA (Cost) As Custodian for (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 9 UNITED STATES OF AAIERICA STATE OFIOWA COUNTY OF STORY CITY OF AA1ES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $1,015,000 RATE MATURITY DATE BOND DATE CUSIP 3.00% June 1, 2018 October 29, 2009 030807 F 30 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal sum of Cede & Co. ONE MILLION FIFTEEN THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per annurn specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, corturrencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the right to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be sealed with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. Attest: g-i�SEAL I-P City Clerk Registration Date: October 29, 2009 CITY 01, AMPS, IOWA By Mayor 13OND REGISTIZAR'S CERTIFICATE OFAUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resolutio City treasule'r-, `Xnres—, To—Za-7---- ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common TEN ENT as tenants by the entireties TEN as joint tenants with right of survivorship and riot as tenants in common UTMA (Cost) As Custodian for (Minor) under Uniform Transfers to Minors Act Additional abbreviations may also be used though not in the list above, ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 10 UNITED STATES OF AMERICA STATE OFIOWA COCINTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $1,050,000 RATE MATURITY DATE BOND DATE CUSIP 3.00% June 1, 2019 October 29, 2009 030807 F 48 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal sum of Cede & Co. ONE MILLION FIFTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per annurn specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I arid December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall'be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. '11iis Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric systern (the "Resolution"). The City reserves the right to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. Tlie Bonds may be called in part in one or more units of $5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeerned balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves arid exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby. Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been pr9perly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City ofAnies, Iowa, by its City Council, has caused this Bond to be scaled with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. Attest: City Clerk Registration Date: October 29, 2009 CITY OF AMES, IOWA By Mayor BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resolution s' City Tea , r �A.., Iowa ABBREVIATIONS , The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Gust) As Custodian for TEN as joint tenants with (Minor) right of survivorship and tinder Uniform Transfers to Minors Act not as tenants in common (State) Additional abbreviations may also be used though not in the list above, ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution, Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. luenal ]UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $1,090,000 RATE MATURITY DATE BOND DATE CUSIP 3.50% June 1, 2020 October 29, 2009 030807 F 55 The City of Ames, it, the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to or registered assigns, the principal SUM of Cede & Co. ONE MILLION NINETY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent"), with interest on said sum, until paid, at the rate per annum specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar. This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost of improvements to streets, storm sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the fight to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay tire Bonds or any of them by sending a notice by electronic means or certified mail to tire registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be sealed with tile facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. CITY OF AMES, IOWA By Mayor Attest: Tt'A�N EA L �7 City Clerk Registration Date: October 29, 2009 BONI) REGISTRAR'S CERTIFICATE 017 AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resoluti City AeAure'/, Anics, Iowa "Alys". UT XV119101 The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common TEN ENT as tenants by the entireties TEN as joint tenants with right of survivorship and not as tenants in common UTMA -T-it �0� As Custodian for under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE (Minor) and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. No. 12 UNITED STATES OF AMERICA STATE OF IOWA COUNTY OF STORY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2009B $1,130,000 RATE MATURITY DATE BOND DATE CUSIP 150% June 1, 2021 October 29, 2009 030807 F63 The City of Ames, in the County of Story, State of Iowa, for value received, promises to pay on the maturity date of this Bond to Cede be Co, or registered assigns, the principal sum of ONE MILLION ONE, HUNDRED THIRTY THOUSAND DOLLARS in lawful money of the United States of -America upon presentation and surrender of this Bond at the office of the City Treasurer, Ames, Iowa (hereinafter referred to as the "Bond Registrar" or the "Paying Agent!'), with interest on said sum, until paid, at the rate per arnium specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June I and December I of each year, commencing June 1, 2010, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the bond registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid by check or draft mailed to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Bond Registrar, This Bond is one of a duly authorized series of bonds (the "Bonds") issued by the City, pursuant to and in strict compliance with the provisions of Chapter 76 and Division III of Chapter 384 of the Code of Iowa, 2009, and all laws amendatory thereof and supplementary thereto, and in conformity with a resolution of the City Council duly passed, approved and recorded for the purpose of defraying the cost Of improvements to streets, stortir sewers, sanitary sewers, municipal waterworks system and municipal electric system (the "Resolution"). The City reserves the light to call and redeem part or all of the Bonds maturing in each of the years 2018 to 2021, inclusive, prior to and in any order of maturity on June 1, 2017, or on any date thereafter on terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of the Bonds to be redeemed shall be selected by the Bond Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than $5,000 is to be redeemed, the Bond Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds in any authorized denomination in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption identifying the Bond or Bonds (or portion thereof) to be redeemed shall be given not less than 30 days prior to the date upon which it is proposed to prepay the Bonds or any of them by sending a notice by electronic means or certified mail to the registered owners thereof at the addresses shown on the City's registration books. All of the Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Bond Registrar, after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Bond Registrar, together with either a written instrument of transfer satisfactory to the Bond Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Bond Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof, premium, if any, and interest due hereon and for all other purposes, and the City, the Bond Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts, conditions and things required by the laws and Constitution of the State of Iowa, to exist, to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent, had, done and performed in regular and due form and time; that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; that the faith, credit, revenues and resources and all the real and personal property of the City are irrevocably pledged for the prompt payment hereof, both principal and interest; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be scaled with the facsimile of its official seal, to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk, on October 29, 2009. CITY OF AMES, IOWA By Mayor Attest: :`VTU�N City Clerk Registration Date: October 29, 2009 BONE) REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within -mentioned Resolutigin City Treaguro(, Ames, Iowa V ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Cult) As Custodian for TEN as joint tenants with (Minor) right of survivorship and under Uniform Transfers to Minors Act not as tenants in common (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration, receipt of which is hereby acknowledged, the undersigned assigns this Bond to (Please Print or Type Name and Address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever.