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Home My WebLink AboutA049 - Bond No. 7 A UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 20I5A S 1,085,000 No.7 RATE MATURITY DATE DATE CUSIP 5.00% June I,2022 September 22,2015 030807 T27 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 MILLION EIGHTY-FIVE THOUSAND DOLLARS in lawful money ofthe 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 1,2016,except as the provisions hereinafter set forth with respect to redemptieHt prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the registratiou books of the City lit 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 the address shown op 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. I11i s I§ond IS'tmc of a scties of General flbligluion Corporate I'urptrsu and Refunding Bonds,Series 2015A(the"Bonds")issued by the City in the principal n irerrrut c�C a ts,t<t .olru,to cNidcuec its obb a+lion"riser a certain loan agreement,dated as of September 22,2015(the"Loan Agreement"),entered into by the Co lot ilie 110mc:es of paryurg,the cost,to th;it c-e#e lit,4,:onsirrruling,street,water main,sanitary and storm sewer,bridge,and related improvements; of constructing it new tnunicipsd airport terminal buildrnh, of flood mitigation and remediation, and of refunding the outstanding balances of the City's General Obligation Corporate Purpose Bonds,Series 2006A and General Obligation Corporate Purpose Bonds,Series 2007A. 1'Itc flondls,arc issued pursuwit to and to strict curnilli;urce Willi the pros j,,jons of C'liapters 76 and 3114 of the(,odc of towar,2015,and all other laws amendatory thc.rcuf cud..rlit>lemcritad thereto,;rf i to ceinfi rrmity ct ith a fcsolution ofthe C ily Council adopted and approved on September 8, rt)l ,auttlt.rr ri.rnf and approving the Loan Agrcvnte..nt :irld providing for the Issuance and scCuring the pnyulent of the Bonds;(the:"I%c"olution"),and reference is hereby nxtdc to the Resolution and the Loan At;reeln rat fair it more complete statcmentns to tor.source ofpraynrertt ol'the Lionds and the rights ofthe owners of dle Bonds. The City reserves the right to prepay part or all oflbe Bonds ruauu°ing in each ofthe years 2024 to 2035,inclusive,prior to and in:amy order of maturity on June 1,2023,or on any date tharcaftet upon terms of par and accrued interest. In addition,principal ofthe Bonds maturing on June 1 in cacti ofthe years 2029, 2031,2033 and 2035 is subject to tnarid;itory rcdamptron(lay 101,as Selected by the Registrar)on the dates and in accordance Willi the,mandatory redemption schedules set forth in the Resolutim,at a reduurpnon pr ier of 100%of the principal anrokint thereof to be redeemed,plus accrued interest thereon to tlr redemption date. If less than all of the fronds of uaty tike maturity ore to be redeemed,tha purticular part anf those Bonds to Ile mdeenred shsrll Ire selected by the Registrar by lot. The Bonds may be called in part in one:or morc unit"of S5,000, If less than the enur e pr incipal nmount of nny 11,ond in it denomination of more than$5,000 is to be redeemed,the Registmr will issue and deliver to lire r t istcred owner thereof; upon surrender of such drrollyd Bond ,r uasq Bond or Bonds, in any authorized denomination,in a tdrt.rl ar gregate principal amount equal to die unredeemed balance of the urigrnnl 13�,rtiJ '�otiCe Of m.h redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified ni;ri)to the re_iste cd owners thetcof al the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of rctictupturrt may crantsirl it sttitrmcnt 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 ted,:rrrptiou 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 ttie 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 die 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 itrlly negotiable but shalt be fully registered as to both principal and interest in the name of the owner on the books ofthe City in the office of the Registrar,after whicit nta frnansfer"shall be valid unless made kilt said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of tr.anssfcr 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 fiereby C crtified tnid Recited that all acts,conditions and things required by the laws and Constitution ofthe State of Iowa,to exist,to be had, to be done or to in performed preccdt:nt 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;than provtsirsrt has beers rttade tiir tlit levy of a-suI'lieieut continuing annual tax on all the taxable property within the City for the payment ofthe principal of and intcrest u❑ this ltraicC sits the"tile Will respectively t)eeornc dri i 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 By Mayor AIM'A l l�l1 u"I !ym,,,�u"c . ... City 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 BY C y rre 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 (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,