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Home My WebLink AboutA053 - Bond No. 11 � + v UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 2015A No. I I $1,265,000 RATE MATURITY DATE DATE CUSIP 3.00% June I,2026 September 22,2015 030807 T68 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 TWO HUNDRED 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 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 liceome applicable.hereto. Interest on this Bond is payable to the registered owner appearing on the registration boolvs of the City at the close of business on the tilIccialt day of the month next preceding the interest payment date,and shall be paid to the registered owner at tile address shown on such registration books. Interesl shall he caleulated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be val id or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. I'his t3ond is one of is series of('icrwlal 001i;atiun f'olporic Ihupwse and Wondin;t Blinds,Series 2015A(the"Bonds") issued by the City in the Pl incipill.aillo,int of`�18,445,0tut,to cvira.,ncc ilN obi p"oioo under;r certain ltxut,rt.recment dtatvcl as of September 22,2015(the"Loan Agreement"),entered into by the City for the purposes,of p iyint;the cost, lo th31 cxtcllt d f c;uris'lnlcnrhg stleet water moui,,;wo oy and storm sewer,bridge,and related improvements; of constructing a new ruunicipol airport tiro nal btttdmg, ol`llnad initigtttion and remcdiiauon, and of refunding the outstanding balances of the City's General Oblig,aitioo Corporate Purpose fiondr,,series 20(,16A and(kd llcral ObligationCorPdrrate Purpose Bonds,Series 2007A. The Bonds ore isttucrd pursuant to and in strict compliance with the provisii ns of t'tt=rl)ters 76 rind 3k4 oi`the Code of Iowa,2015,and all other laws amendatory thereof and supplcttlental thereto,on]in conformity with a resolution ofthe C:'ity t ixirxii del opted and;ippiovrd on September 8,2015,authorizing and approving the Loall Armcincnt and providing for the issuance and securing the payment of llw f3c o& tthe 'Ic��,�lulion"l, and reference is hereby made to the Resolutio'n and the Loan Agraeownt for it mein complete statementas to the source of paymcot of sta 1'orids mid the rights of the owners of the Bonds. The City reserves the right to prepay part or all of the Bonds maturing in each of the tears'20�24 to 2t35,inclusive,prior I0 1+ni1 in any order ofinaturity on June 1,2023,or on any date thereafter upon terms of par and accrued interest. In addition,ptotcilh al iht ihc:'tiesrtds uitlturiog oil June I in each of the years 2029, 2031,2033 and 2035 is subject to mandatory redemption(by lot,as selected by the Registrar)on the dald•s,+ncf in aceonhnlce with tine mandatory redemption schedules set forth in the Resolution,at a redemption price of 100%of the principal amount Ihcrerif to he iedec.,Mud,plus occrucd interest thereon to the redemption date. If less than all of the Bonds of any like maturity are to be redeemed,the particular 171lrt of ul lse Bonds to tic rcdGcnlecl shall Ire selccted by fire itet,istrar by lot. The Bonds may be called in part in one or more units of$5,000. If less tilt",tite entire pl utc.if:,tl anutunt of.any Bond ul it denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thcicof, upon surrcndlct ilf sucll ii-i,;uuil Bond, a ncl, Bood or Bonds, in any authorized denomination, in a total aggregate principal amount equal to the umcdeented baluncc of thc on-gixi it BorlJ. Notice o ",nch heclemption try tf;ri„3tid identifying the Bond or Bonds(or portion thereon to be redeemed shall be sent by cicenotuc means of mailed t y cetti red mail to the tch istcred owners Alet Wf at the addresses shown on the City's registration books not less than 30 days prior to such redemption d:rtc, Ally llk ticc of redemption may contain a staleloclu dint the rCafenfplRsli i$collihnondd opo_n dle by the Paying Agent of funds on or before the dat@-fixed for redemption sufficient to pity th.e tedcnapt>anPlict`Gi the Bolick So called for rodenipticlra, and that if tends are not vivo lobl ,such rcdvinplion shall be cancelled by written notice to the owners of the Bonds called for iedcflipilion ill the:same roannsr as the oligioal tesluuvPtion unties:tvas sent. All ol'such Bonds as to which the City reserves and exercises the right of redemption Mid ice to winch notice as afore paid shall have been given told list 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 of the owner on the books of the City in the office of the Registrar,after which no transfer 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 uansfer 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 Hereby Certified and Recited that hill act.,,;omhiilmnS and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed pr:needcnt to and in the i, a ;if tlic iltitldi were and have been properly existent,had,done and performed in regular and due form within the City for the payment of the principal and time;that provision has been n u!. 167 tla�s levy of a a fl d i,�tit+-nixintiing annual tax on all the taxable property ty p y P V of and interest on this Bond as illc s'allic vaitl respectively twConie dtle; and that the total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. J 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 Bylax uy`ba ...................... Mayor ASP 1r ..�ity 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 Registrnr By I re;' 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 (IvlitUe,r) 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: �w.� 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.