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HomeMy WebLinkAboutA054 - Bond No. 12 UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE AND REFUNDING BOND,SERIES 2015A $1,305,000 No. 12 RATE MATURITY DATE DATE CUSIP 3.00% June 1,2027 September 22,2015 030807 T76 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 ONE MILLION THREE HUNDRED FIVE THOUSAND DOLLARS Ili 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 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. This Bond is one of a series of General Obligation Corporate Purpose and Refunding Bonds,Series 2015A(the"Bonds")issued by the City in the principal amount of$18,445,000,to evidence its obligation under a certain loan agreement,dated as of September 22,2015(the"Loan Agreement"),entered into by the City for the purposes of paying the cost,to that extent,of constructing street,water main,sanitary and storm sewer,bridge,and related improvements; of constructing a new municipal airport terminal building, of flood mitigation and remediation, and of refunding the outstanding balances of the City's General Obligation Corporate Purpose Bonds,Series 2006A and General Obl igation Corporate 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 statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the rit!,ht to prcl>ny pram or all of the Bonds mottrring in rac.h of the yctirs 202-4 to 2035,inclusive,prior to and in any order of maturity on June 1,2023,or on any date thw r•,,after upon t,:nns of her and In a;Jdition,prittcjp l of the Bonds nt<tturittg Olt Julie I in each oI the years 2029, 2031,2033 and 2035 is subject to slwndatory 1cdc1ltPlA0lt(by lot,Ur� by tht.Itcf itiir;tr)on the doves and in accordance with the tit wdwory redemption schedules set forth in the Resolutim,al a redegnption pr ics of I ttt}"i,of the Inriucilutl arnontnt tiicteot'to be redeemed,phis ac rtned interest tlu:rcon to tk redemption date. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of tliusc l3ouds to be redeemed shall Ile elected by the Rcf tslnnr by lot. The Bonds maybe called in part in one or more units of$5,000. If less than the entire prmcillof amount Of any Bond In a denounnaiion of more thin`5,000 is to be redeemed,the Registrar will issue and deliver to the registered owner thereof,upon surrcltcicr 01 M101 original flood, ;t new Bond nr Boink inluny authorized denomination,in a total aggregate principal amount equal to the unredeemed balances tat tine original Bond. Nohcc of such redemption r �lorciaid 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 t>wncls tltc.reol'at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statcawnt 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 redemption price:urthe Bonds so called for redemption,and that if funds arc not uvw1able..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 notick, cnt 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 rc,lemllkutn of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is folly nc<goliablc tier 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 hick do twnsi',:r shall be valid unless made on said books and then only upon presentation ofthis Bond to the Registrar,together with either a written instrument of lraa lit sati fstctory 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 t:.I ie bk'CertttK.tl<9ncl lle(�ited that all ael'%condmons and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done of to be hE rlormed prr.v.(k of 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;flintf=ro;ti ,van has been omdcs 10r Ill,-levy of it sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and intrt =;t on do, H,md as the saotc Ae,ill respectivcly become die:;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 fI4F + ................... Mayor ..'lleu ` City i:`11� 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, °_ 1- C`it,, rc° lrcr 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) u� IT 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 acknowledFd,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.