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HomeMy WebLinkAboutA048 - Bond No. 6 4 � UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 2015A $1,065,000 No.6 RATE MATURITY DATE DATE CUSIP 2.00% June 1,2021 September 22,2015 030807 S93 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of thus Bond to Cede&Co. New York,NY or registered assigns,the principal sum of ONE MILLION SIXTY-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 1,2016,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 Ott 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 purposeuntil the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond r.one of a series cal,Gencral Obligation Corporrue I'urpose and Refunding Bonds,Series 2015A(the"Bonds") issued by the City in the principal ainotrnt in1118,445,000,to evidence its ob igatioi°l under o certain loan agreement,dated as of September 22,2015(the"Loan Agreement"),entered into by the(,ity for the purposes of paying line cost,to th a extent,af`Constructing street,water main,sanitary and storm sewer,bridge,and related improvements; of collstrildlill, it new rnurnrcfprtl capon terminal building,of flood initrpotion and remediation,and of refunding the outstanding balances of the City's General Obligation Corprarata Nalnose Boncls,series 2000A and Gcocral ObligatioliCOtporate Purpose Bonds,Series 2007A. The Bonds are issncd ptaskiatit to and in strict compliance with the provisions of Chtaptcrs 76 and 384 of the Code of Iowa,2015,and all nilicr laws umcndatory thereof°and suPlnlema,rrtal thereto,aril in conformity with a resolution of the pity Council ndop(ed and apilrovcd on Scptcmbr r 8,21)15,authorizing and appro irt:s the Lortit Agrecmc�.rit nod providing for the issuance and securing the pay'rnetit of the Bands (tile Resolution") runt reference is itcre bj made Gen the Resolution and tine oral Agreemen m t f,)r a mote complete statementas to the sourer of paymcnt of dnc Bonds and the rights of the owners of the Bonds. L The City reserves the right to prepay part or all of the Bonds ntaluriut4 ire each of the years 2024 to 2035,inclusive,prior to and in any order of maturity on June 1,2023,or on any date thereafter upon terms of pity and accrued intc,rem, in addition,principal of the Bonds inaturing on June.I ill each offhe years 2029, 2031,2033 and 2035 is subject to loan d;uoiy redcutption(hy lit,.as Wlected by flir,Registrar)on the dates and ire accordance with the mandatory redemption schedules set forth in the Resolution,at it rederription price ot'1001,6 of lire principal amount thereof to be redeemed,plus accrued intcrcct thereon to tlic redemption date. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of thus bc-rcdecrncd sh r11 be selected by the Re°istrar by lot. The Bonds may be called in part in one or more units of$5,000. if less than the entire princilal amount or any Bond in n dvnouunation of moie than`,.voo is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upiarr snrrendcf of snub ciriginnl Bond ,t ncev 130nd or Bond=, in any authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Band Notice of sash rcdcniptirrtt 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 thweof'at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice rat iedeniplion may contain a statement Utat the redemption is ccmdittoned Upon the rc"ipt by the.Paying Agent of funds on or before the date fixed for redemption soil icient to pay the redemption price ofilic Bonds sea called t<ir rrdennptinic,aurd that of fintds ure not tic iiiabic,such rc.(lemption shall be cancelled by written notice to the owners of the Bonds called for rederription in the svante ntmuu.r it,,;tine o6girial rcdenipnon notice sv[ati sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice w;aforesaid shall have been given and too the t'cdcniption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is f aliv negotiable bier 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 trarsfcr shall be Valid inks,made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument(if lraiatitr.r sattsiactory to the Itel"kirau or tlae 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 send Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa Io exist,to tic hid. to be done or to be performed precedent it)and in the issue of this Do d were and have beet,praperly existent,bad,done and performed to regular and due form and time;that provision has liven rmo(ha for the levy of it sufficient continuing annual tax call all the taxable property within the City for tile pnymcrit of the principal of and interest on this Bond" art same, will respecovcly lie,+unic duet and that the total mdellwdricss of the City, including this Qond,dries not cx"cd ally 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 Clcrk,all as of September 22,2015. CITY OF AMES,IOWA Ntaterr ni.r,, Pity 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 1 By Z #A aSl 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 usedthough 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) 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.