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Home My WebLink AboutA045 - Bond No. 3 UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 2015A $2,385,000 No.3 RATE MATURITY DATE DATE CUSIP 5.00% June 1,2018 September 22,2015 030807 S69 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 TWO MILLION THREE HUNDRED EIGHTY-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 I of each year,commencing June 1,2016,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. 'I tits flood rti ort4 of ct Nei ic%of General Obligation C;oryaoraic !'urpose and Refunding Bonds,Sedo 2015A(the"Bonds') issued by the City in the principal rullount of?18,44?,t)a)Et,1t?evitlartcc its obltguti�n attttler tt e,tFtrrt f��,trr ti;reerneol dated as of September 22,2015(the"Loan Agreement"),entered into by the CIty tt,r€he purpo"cS al paying the Cost,to thil i xtent,of radish twlIn ,Slrcct tvatca t tarn,4anuauy and atorm sewer,bridge,and related improvements; of cotratnrcting a oc i°nnrttr.ipal ,nrtr,rrt lernnunal building, tit'flood m ugaiacran,and run;diatrorr, Lund ttf refunding; the outstanding balances of the City's General Obtigtafion Corpounle Purlm"'u lid nds "cite%2006A and Purpose Bonds,Series 2007A. The ponds area rsxuc.d pnsomo to;and un sins cntnph.ntcc with the provisions of C:haptcrs 7G and 381 of the C'odc of Iowa,2015,and all other laws amendatory thcrcof and anlnplcniciuyl thucto,Lard In confornuty kn illn a icsulution tint Line City c:umnsdl adopted and approved on Scptember g,2015,authorizing and approvitit;the tactful A9Nc1nc:0 anti llloviklioty itsr the t suann i and sct.nnn{;the p.tynrcnt of the Bonds (the"Itcsultriion")„and reference is hereby made to the Resolutiouwid the Loan Agieconcul lzn a mote complete slat nncni as nt tlic'source c+f paynieirl offic Bortaas turd 111c ticJnrs of the owners of the Bonds. The City reserves the right to prclzay pant c'af all or dnc Bon&ntaturinu,to cacti of the years 2024 to 2035,inclnsn<.prior to and in any order of maturity on June 1,2023,or on any date thvrctnitcr trpant terms ot'par and raccrLred nvcrest-. In addition,principal ofthe Bondi:nnanann}a on Jtnnc I it,crnch ofthc years 2029, 2031, 2033 and 2035 is subject to mrnnd nnrry redemption illy lot,a,%sc echo by the Registrar)on the dates and to ae<ortt rice tvnll,tile mandatory redemption schedules set forth in the Resolutnun,at at redeinplion price os 3 001to of the lnrinrilral antoatnt thereof to be redeemed,phis a.crucd interest dtcreort to if-&redemption date. If less than all of the Bonds of any like maturity are to be redeemed,tile_particular hart of those Bonds to he redcemed shall be selected by the Registrar by lot. The Bonds maybe called in part in one or more units of$5,000. If less dwn titc enure ptnrcip,tl.t ilotnll of any Bond in t dcnonunutuan of mole tlKin S5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of strctn anginal noricl, a ncsv Bond air Bonds, nr;any authorized denomination, in a total aggregate principal amount equal to the umcductncd bat,mce of the original Bond. Notice o etch redemption its doter udl identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by c Iec:hcnnic nneatts to Limited by certified tonsil to the r(TOstc3 d nwocrs th,r 1"ant the addresses shown on the City's registration books not less than 30 days prior ic)sti.h icdeniption date. Air notice of,I"demptioll inny Contain a statcnncnn that tins:t'Gdennlition is conditiotncd u;tcnn Line receipt by tine Paying Agent 017for4sOn fir heturc the (Lite fixed kn n:dcntphon suliicneat to Pay the rt dcmplion puce,ol,the Bands sit c,tlir,i frrr tckkwq lour,;and that of hinds sine not available,such tcdennpn+tn shall be cartccflcd by-itto,notice to the owners of thr Bunts uallcd ibr redcrnpticni ni tine SLur,c IwAunc r Is the oligival redemption noticc vyas,eat. All of such Bonds as to v:hich the('iny rc.wfv�as anti exercises the tip,hr ot'redcnnption and ns to which notice.ts:+ftni laud shall have been given tmd for the redennptiOn of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotnatalc hilt shall be fully registered its 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 transfersharll be valid unless nutdc oilsaid book,and then only upon presentation ofthis Bond to the Registrar,together with either a written instrument of tninsrat satisfa,airy to the Registrar or file 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 at]acts,connditions and things rcquired by the 1;4w, and Conatitutittn ofthc f talc Of hniv a 10 exist.to b 1iadt to be done or to be performed precedent to and in the issue of this'boil(-were and have beol properly existent,had,dare aunt per tknrmed in rcgulan and due form and time;that provision has been made for the levy of a sufficient continuing annual tax an till file taxable property within the City for flte p€aytnent of illc prod pilit of and interest on this Bond as the same will respectively becortic due-,and that the total ittdebtedoess of the City, n101idirng;tilts Botnd,dt"s not excecd'any constitutional or statutory limitations. w � 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 AMEES,IOWA �try,�r httar ...,c ry s ior' Registration Date:September 22,2015 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one ofthe Bonds described in the within-mentioncd Resolution. CITY TREASURER Ames,Iowa Registrar By Crt 1 isurc .._ 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 acknowledfpd,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 „_______,,,,.,q„..W__ —,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.