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Home My WebLink AboutA043 - Bond No. 1 UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 2015A No. 1 $2,110,000 RATE MATURITY DATE. DATE CUSIP 5,00% June 1,2016 September 22,2015 030807 S44 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 TWO MILLION ONE 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 I and December 1 of each year,commencing June I,2016,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. Hwt Bonti 1,olic ul a scries of£leneral Ohli,;;:itlon Cwpoi,ttc l'un>osc send Refunding Bonds,Series 2015A(the"Bonds") issued by the City in the ju nic:ipal uIll"unt rat yI*,,14 �_�tlri. t,t cviticax`e its oblq,,alion tm,ler:t eeltaua I,,,rat ilpreement,dated as of September 22,2015(the"Loan Agreement"),entered into by tlse a:;ia� 1"r she fsurla��,c tit l,ar7 ull the en;t to tlltll extcru.lal"e�,nztsu�t tt .�llcut,water main,sanitary and storm sewer,bridge,and related improvements; of t+tnctltic In'L, .t net+ wluucip'll aulaort is munal buildnie,tit'Ihx,d nriuttsUon and remediation, and of refunding the outstanding balances of the City's General ObllDitioll t',nlserrat I'urla,a;is Bonds,SL;des'2006A unit Onus a ll li1,ligation( t,ipcorale Purpose Bonds,Series 2007A. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2015,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council adopted and approved on September 8,2015,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 reset ves tale right to piella),part or all of lire i3olids nni nt'ina in each of the years 2024 to 2035,Irn:dtr,is c%pr'lor to and in any order of maturity on June I,2o23,or in tint date ther�:allet upoll terms of pal rust accrued$rtcic5t In itdtliti rn,principal of the Bonds manta n on Junr I ill each of the years 2029, 2031,2033 lnd 2035 1�s subjgua to 11landillory radcntpUun(try lol,as scleeicci by the Rc>;istrar)on the dates and ill ;tcc lrvlati>x ivioi the mandatory redemption schedules ct forth in the ItCC-011al(Jl,.If:t redemption twice of 1 cf the prirwipai€immint thereof to be redeemed,frith,u k:ived iwcrrst thereon to the redemption date, 11 I :>>ihun oll of lhr€3:;r,t4 c,i im% tiler inaaurity are to be rcdccincd,the particular pal I of those Bowls I"1w rt dc4lt ed shall he srl"wel by the Registatlr by Ill( 'I'liv litmds lwiy be cashed in ilai t ill oiat or swore units of$5,000 It`lvSx thall the entire ill inch al:smotlnt ail my Bull,]3n a dcnusaiin:ttion c51'1nore ill, $ ,U00 is I,, t.^:." '.�t4"4'V'llti il, 111C Re4 lstlw Witt t\tillC; wid dclivor to the r4g6,telcd vJ,lli;r thcleof, upmj Stirfl'41tI C't 111 `U<, OflIh',ili,lt Itt111ti1, :t jicS kond or Bonds ill any aulhorrzvd tlrnominututll, ill is Loral tg,r ;.,sit peitscipal amount erlual ur 111e:unrcdeelricd balance tat the original Bond, ;<otk:c of suQh r cteulptson l tutcsllid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the rcr;istcrcd owner~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 m y thitt. the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay thcrctlemlatitm price taf lht 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 v,rujiv nogoliabie bit[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 f the Registrar,after N,huh nee transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either 0written instrument of llall,lcl tiaWXlic°tt,)ry 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(ertifit d and Recited that all acts,cornhtioms and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performkT,d pf ecdc:til n)Mid in the i3a,tte of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has b cra Bride tiar the levy of a rftiers tl continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as Ilir guilts wlll respectively bc: ooie tart-;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 September 22,2015. CITY OF AMES,IOWA Mayor f ( f Ciiy Clerk 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 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 y _..._...._.......____._..__�--. (Custodian)_..�._-_...___._._..._.�...� TEN ENT as tenants b the entireties 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 acknowledWd,the undersigned assigns this Bond to (Please print or type name and address of Assignee) �.__........I _-.—.R_ ...,—.•m_e__•._-ER-- PLEASE. MSERT 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.