HomeMy WebLinkAboutA057 - Copies of executed General Obligation Corporate Purpose Bonds, Series 2011B UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No. 1 $570,000
RATE MATURITY DATE DATE CUSIP
1.00% June 1,2012 November 15,2011 030807 J51
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE 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,Ames,Iowa, (hereinafter referred
to as the"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 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011(the"Loan Agreement"),entered into by the City for the
purposes of paying fre cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statement as to the source of payment of fie Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calbd 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
By 9""t' z • &11 _
i
Attest: Mayor
City Clerk
Registration'Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
City Tref6urer
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.2 $505,000
RATE MATURITY DATE DATE CUSIP
1.000/0 June 1,2013 November 15,2011 030807 J69
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE 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,Ames,Iowa, (hereinafter referred
to as the"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 1 of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 201113(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statementas to the source of payment of the Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1, 2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying AWnt of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized fwsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
By
Attest: Mayor
City Clerk
Registration Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
1
By _
Cfty7rre&rer
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
Additional abbreviations may also be used though not in the list above. (State)
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledWd,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 E'° full
power of substitution.
Dated:
Signature guaranteed:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.3 $510,000
RATE MATURITY DATE DATE CUSIP
1.00% June 1,2014 November 15,2011 030807 J77
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE HUNDRED TEN 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"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 1 and December 1 of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statementas to the source of payment of tie Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contin a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
BY 9,"_' c/" • (rlliyt+—a1�
i
Attest: Mayor
City Clerk
Registration Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
City 7Frea6rer
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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 acknowledl pd,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 registrar.:: t ,f t-iti full
power of substitution.
Dated:
Signature guaranteed:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 201111
No.4 $520,000
RATE MATURITY DATE DATE CUSIP
1.000/0 June 1,2015 November 15,2011 030807 J85
The City of Ames(the"City".),in Story County,State of Iowa,for value received,promises to pay on the maturity.date of this Bond to.
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE HUNDRED TWENTY 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"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 1 and December 1 of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the Cty Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statement as to the source of payment of Ore Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot.. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying AWnt of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
BY ^,�/t c7t7' �lot�l��_
Attest:
Mayor
C_ ,I A �A
City Clerk
Registration Date: November 15,201.1
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar r/
BY— 4)
City Tfeas&r
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.5 $525,000
RATE MATURITY DATE DATE CUSIP
1.20% June 1,2016 November 15,2011 030807 J93
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE HUNDRED TWENTY-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,Ames,Iowa, (hereinafter referred
to as the"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 1 and December 1 of each year,commencing June 1,2012,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 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
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 Iflr any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011 B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constnicting street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the Cty Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statement as to the source of payment of Ore Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1, 2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
By
Attest:
Mayor
City Clerk
Registration Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
Ci e r
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.6 $535,000
RATE MATURITY DATE DATE CUSIP
1.35% June 1,2017 November 15,2011 030807 K26
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE HUNDRED THIRTY-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,Ames,Iowa, (hereinafter referred
to as the"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 1 of each year,commencing June 1,2012,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 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
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 agned by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying flee cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statementas to the source of payment of fire Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Alpnt of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 fimds 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
By a,, W.
Attest: Mayor
City Clerk
Registration Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond"is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By ,
City re urer
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (Minor)
under Uniform Transfers to Minors Act
Additional abbreviations may also be used though not in the list above. (State)
ASSIGNMENT
For valuable consideration,receipt of which is hereby acknowledlpd,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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.7 $545,000
RATE MATURITY DATE DATE CUSIP
1.50% June 1,2018 November 15,2011 030807 K34
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE HUNDRED FORTY-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,Ames,Iowa, (hereinafter referred
to as the"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 in has been paid,on June I and December I of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statementas to the source of payment of lire Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying Aunt of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
.signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
BY /✓�y�� ;%�? G-1i�1/�_
Attest: Mayor
City Clerk
Registration Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar �G47/ ..
By
City Weasifer
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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 acknowledrd,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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.8 $560,000
RATE MATURITY DATE DATE CUSIP
1.800/0 June 1,2019 November 15,2011 030807 K42
The City of Ames.(the"City'),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE 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,Ames,Iowa, (hereinafter referred
to as the"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 1 and December 1 of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 201113(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying die cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statementas to the source of payment of the Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018, or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any.notice of redemption may contdn a statement that the redemption is conditioned upon the receipt by the Paying Agnt of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 Registrar and the Paying Agent
shalt 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
BY
Attest:
Mayor
C= AWX
City Clerk
Registration Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
City Trasiigr ,
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.9 $575,000
RATE MATURITY DATE DATE CUSIP
2.00% June 1,2020 November 15,2011 030807 K59
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE HUNDRED SEVENTY-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,Ames,Iowa, (hereinafter referred
to as the"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 1 and December I of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 201113(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying Apnt of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 Registrar and the Paying Agent
shalt 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
By nn
Attest:
Mayor
City Clerk
Registration Date: November 15,201 t
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By 1
T asurer
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No.10
$590,000
RATE MATURITY DATE DATE CUSIP
2.20% June t,2021 November 15,2011 030807 K67
The.City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on.the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
FIVE HUNDRED 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"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per arum specified above,from the date of this Bond,or from the
most recent interest payment date on which interest has been paid,on June 1 and December 1 of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statementas to the source of payment of die Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018,or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be caliedin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
By
Attest: Mayor
kA
City Clerk
Registration Date: November l5,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By �—
City .r asu r
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 - Ias tenants by the entireties (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011B
No. 11
$610,000
RATE MATURITY DATE DATE CUSIP
2.30% June.1,2022 November 15,2011 030807 K75
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
SIX HUNDRED TEN 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"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 1 and December 1 of each year,commencing June 1,2012,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 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
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 agned by the Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statement as to the source of payment of he Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1,2018, or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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 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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011.
CITY OF AMES,IOWA
By —
Attest: Mayor
City Clerk
Registration.Date: November 15,2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
By
Ci T easu r
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 (Custodian)
JT TEN as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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 acknowledg:d,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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.
UNITED STATES OF AMERICA
STATE OF IOWA STORY COUNTY
CITY OF AMES
GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2011E
No. 12 $630,000
RATE MATURITY DATE DATE CUSIP
2.40% Julie 1,2023 November 15,2011 030807 K83
The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to
Cede&Co.
New York,NY
or registered assigns,the principal sum of
SIX 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"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 1 and December I of each year,commencing June 1,2012,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 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
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 Registrar.
This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2011B(the"Bonds")issued by the City in the principal amount of
$6,675,000,to evidence its obligation under a certain loan agreement,dated as of November 15,2011 (the"Loan Agreement"),entered into by the City for the
purposes of paying the cost,to that extent,of constructing street improvements and making improvements to the City Hall.
The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2011,and all other laws
amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on November 1,2011,authorizing and
approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"I and reference is hereby made to the
Resolution and the Loan Agreement for a more complete statementas to the source of payment of the Bonds and the rights of the owners of the Bonds
The City reserves the right to prepay part or all of the Bonds maturing in each of the years 2019 to 2023,inclusive,prior to and in any order of maturity
on June 1, 2018, or on any date thereafter upon 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 those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be calledin 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 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 as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent
by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior
to such redemption date. Any notice of redemption may contan a statement that the redemption is conditioned upon the receipt by the Paying Alpnt of funds on or
before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available,such
redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent.
All of such 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 Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either
a written instrument of transfer satisfactory to the 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.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 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 executed with the duly authorized facsimile
signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of November 15,2011,
CITY OF AMES,IOWA
BY
Attest: Mayor
City Clerk
Registration Date: November 15;2011
REGISTRAR'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the Bonds described in the within-mentioned Resolution.
CITY TREASURER
Ames,Iowa
Registrar
1
By _
ti riiKurer 117
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 (Custodian)
JT TEN - as joint tenants with right of survivorship As Custodian for
and not as tenants in common (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:
(Signature guarantee must be provided in accordance with the prevailing standards and
procedures of the Registrar and Transfer Agent. Such standards and procedures may
require signatures to be guaranteed by certain eligible guarantor institutions that
participate in a recognized signature guarantee program.)
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.