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Home My WebLink AboutA042 - Bond No. 16 UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 2015A No. 16 $120,000 RATE MATURITY DATE DATE CUSIP 3.25% June 1,2035 September 22,2015 030807 U74 The City ofAmes(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 ONE HUNDRED TWENTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office ofthe 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 1,2016,except as the provisions hereinafter set forth with respova 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 tltc('it'v at the close of business on the fifteenth day ofthe month next preceding the interest payment date,and shall be paid to the registered owner at th address shown can 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 i,One or it series of 0citeral Obligmio t t orporatc Pulpo'le rind Rtaondmgp Bonds,Series 2015A(the"Bonds")issued by the City in the prnterpal loslount of; 1"t.1 5,000,to evidrure its obligation under a ccimm loan d.neii;is ol'Septcmber 22,2015(the"Loan Agreement"),entered into ha the City li,r the lnntm,cs of paytnp;the cast,to 0131 c mcu,tic tCottsttnctnrr,sUcct ttsater nmtm. anilary and storm sewer,bridge,and related improvements; of crntsmiutin,a n=_<v°ntunictpirl ,titport tetrninaf budding al`Hood mhi�.auan nd temediattr�n, rand taf refunding the outstanding balances of the City's General Ohlig:nion Corpormit Purpose]drool;,`>tics 2006A and Cs`erttrul Oblil,auottt'orlrorate Purpose Bonds,Series 2007A. 'I 1w Ii"Illk isle issued pur,uutt to and in strict Compliance with the previsions ut Chapters 7o auid 3�l ofthe Code of Iowa,2015,and all other laws tvllcn,htoly therc�st',uttl sttpplelttetrlul thewto,ltna in Collformity with a iooiution ofthe City Council adopted and arpproved on Septetuber8,2015,authorizing and ,tppi ovin;lbo Loan 1precuaent and providing for the issmuice.and sez�uring the 1mynicat of the Bonds(the`Resolution"),and reference is hereby made to the Resolution and the Lose Agreemmit lirr it more complete sit rlrmcnlas to tha sourcc ol'payrheut nf"8tc Bonds and the rights ofthe owners of the Bonds. The City reserves the right to prepay part or rill of the Bonds m ittuing in each of the years 2024 to 2035,inclusive,prior to and in any order of maturity on June 1,2023,or on any date the rratier upon terms of pw and accrued interest In i,khlion,principal ofthe Bonds maturing oil little I in witch of the years 2029, 2031,2033 and 2035 is subject to itmo latory icdctnptr,nl(try lot.ai.. by thw Registrar)on the dates and in accordtulce with the rrlandatory redemption schedules set forth in the Resoluti(aa,al li redemption)ti ice of l l}ll%of[tic lmocipal-amotmt thereof to be redeemed,ptuS iu.crucd inteicst thereon to the redemption date. 1p less,threes:ell ofthe I3rmiils of any like maturity arc to be redeemed,the particular part orthow N3 nds to be rcdccfncd shall be sticeted by the Registrar by lot. The:,13tinds m;sy lw called rn port ill one or more units ofS5,000. If less than the entire In nacipal anwont of any,Bonet in a denomui.xicm oftnote thtul$5,000 is to be redeemed, file Re.isirir will ismic_and deliver to file registered owner thereof,upiru ,mrcn,l,,t of such migin;al 13ond, a lww blond or Bonds_ in tuty authorzed dci omination,in a total aggrcgatc principal arnotnrt equal to the unredeemed bahurcx of tite orifinal Bond. ,"otic-c of such rcdti n)piioll aforcsmd identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail tothc teg,istured mviims thetcof a1 the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of teduription ntay Contain it statcatent thin 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 redclilptitul price of ilte. 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 ofthe owner on the books ofthe City in the office of the Registrar,after whi0i nci lrrinstier 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 transter satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attomey 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 acls,coudititlos and things required by the laws and Constitution ofthe State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue crf 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 sufficiont 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 liceome duo", and that the total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. f � 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 September 22,2015. CITY OF AMES,IOWA y ' C� _................ Mayor hl9e:�T city 4'W't, Registration Date:September 22,2015 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar T_,r.. By C- v ref ucr 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 (Slate) 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 .._ ,Attomey,to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: _.......__................._.........m 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.