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HomeMy WebLinkAboutA021 - Series 2019A Bond dated September 12, 2019 UNITED STATES OF AMERICA STATF.OFIOWA STORYCOUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2019A No. 1 $960.000 RATE MATURITY DATE DATE CUSIP 5.00% June 1,2020 September 12,2019 030807 Z46 The City of Amu(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity dale of this Bond to Code&Co. New York,NY of ieglslered assigns.the principal sum of EIGHT HUNDRED SIXTY 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(he"Paying Agent"),with interest on said sum,until paid,at the rate per annuin specified above,from the dale 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 I,2020.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(lie registration books o1'the City at the close of business on the fifteenth day of the month next preceding the interest payment dale,and shall be paid In file rc_visloed ownet at the address shown on such registration books. Interest shall he calculated on the basis of a 360•day year comprised of twelve 30•day months 'I'htz Bond shall not be valid of become obligatory for any purpose until the Certificate of Aoihenlication hereon shall have been signed by the Regislrac I his Bond is(,ric of it series or Gcaural Obligation Corporate Purpose Bonds,Series 2019A Btu:"Bonds")issued by the City in the principal amount of $10.775.001,In evidence its obligation under a certain loan agreement,dated as of September 12,2019(the"Loan Agreement"),entered into by the City for the putpnsc of pal ing the cost.in that extent,of constructing improvements to streets,sanitary sewers and bridges and acquiring emergency services communication equipment [he Bonds are issued pursuant to and in strict compliance with de provisions of Chapters 76 and 384 of the Code of Iowa,2019,and all other laws anwridamn thereof and supplemental thereto.and in conformity with a resolution of the City Council adopted and approved on August 27,2019.authorizing and appnn cog the Loan Agreement and providing tin the issuance and scenting the payment of the Bonds(the"Resolution"), and reference is hcn:M made to the Itesohwon and the I.oan Agreement in,a mote complete ximcinent as to the wurce of payment of One Bonds and 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 years 2028 to 2031,inclusive,prior to and in any order of maturity oil June 1, 2027, or on any date thereafter upon terms of par and seemed interest. Principal of the Bond maturing on June I, 2031 is subject to mandatory mciennp(ion (by lot, as selected by the Registrar) on June I, 2030, in accordance with the mandatory redemption schedule tit forth in the Resolution,at a redemption price of 100%ofthe principal amount thereof to be redeemed,plus accrued interest thereon to the redemption date. If less then all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by tut. The Bonds may he called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denominatiort of mac than WWII() is to be n deemed, the Registrar will issue and deliver to the registered owner thereat, upon surrender of such original Bond, a new Bond or Bonds, in tiny authorized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original florid. Notice of such realcmp(ion 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 thereof at the addresses shown on to City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by(he Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds arc not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the some manner as the original redemption notice was sent. 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 redemption of which funds are duly provided,shall cease to bear interest on the redemption date This Bonds fully negotiable bill shall be hilly registered as to both principal and interest in the name of the owner on the books orthe City in the office of the Rcgistmr,alley which no i mWer shall be valid unless node on said books and then only upon presentation rd this Bond to the I(cgotrar.together with either a wrilen amlrumcm of transfer satisfactory to the Registrar of the assignment form hereon completed and duly executed by the registered owner or(he duly ;aahntized attorney for such registered owner The City, the Registrar and the Paying Agent may deco 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 alTecled by any notice to the contrary. And It Is Herohv Cer(ilied and Rcaitcul that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to xwun,to be had, to be done or to be perlbnricd precedent to and In Ilse issue of this Bond were and have been properly existent,had,June and performed in regular and due form and time;that provision tuts been made Ihr the Ivy of a sultioont containing annual tax on all the taxable property within the City for the pmnmm of the principal of and interest on this Bond as the same will ropcoi%ely become due. and that the total indebtedness of the City, including this Bond,does net exceed any constitutional or Minatory 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 arrested with the duly authorized facsimile signature of its City Clerk,all as of September 12,2019 CITY OF AMES.IOWA By, IJ;cdd- .cicrt Registration Dale: September 12.2019 REGLSTRAR'S CERTIFICATE OF AUTHENTICATION 1 his Bond is one of the Bonds described in the within-mentioned Rcsolutiun. CITY'rREASURER Ames,Iowa Registrar By Cny urcr --�--- ABBREVIATIONS The following abbreviations, when used in this Bond, shall be con trued as though they were written out in full according to applicable laws or regulations: III TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) 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 ofwhich 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 lire 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- IN I'I'I;D STATM OF AM ERICA 91 ATIi OF 10WA STORY COUNTY CI IN OF AMES GENERAJ.OBLIGATION CORPORATE PURPOSE BOND,SERIES 2019A No 2 $775.000 RAIE MATURITY DATE DATE CUSIP 5 00% June I,2021 September 12,2019 030807 Z53 l I Cl1y of Nncs(tile"City"),in Story County,Slate 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 SEVEN HUNDRED SEVENTY-FIVE THOUSAND DOLLARS in lawful money of the flailed Slates of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred it,as the"Registrar"or the"Paying Agent"),with interest on said suer,until paid,at the rate per annuni specified above,from the date of this Bond,or From the most recent interest payment date on which interest has limn paid,on June I mid December I of each year,commencing June I,2020,except as the provisions hcreinuner set Itmh with respect to redemption prior to maturity may be or become applicable hereto Interest an this Bond is payable to the tegis[ered owner appearing on the regisuauon books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date,and shall he paid to[lie registered owner at file otldress shown on such registration hooks. Interest shall be calculated on the basis of a 360-day year comprised of Twelve 30-dny numllls this Bond shall not he valid or beeanie obligatory for any purpose until the Cenilicatc of Authentication hereon shall have been signed by the Registrar I'his Bond is one of a set cs of General Obligation Corporate Purpose Bonds,Series 2019A(the"Bonds")issued by[he City in the principal amount of S 10.775.000,to evident"its obligation under n certain Ivan agreement,dated as of September 12. 2019(tile"Loan Agreement'),entered into by the City for the purpose or paying the cost.to that extent,of constructing improvements to streets,sanitary sewers and bridges and acquiring emergency services communication equipment. 'fhe Bonds are issued pursumn 10 and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2019,and all other laws ansndatnry Ihercor and xupplcnicdal thereto.and in conformity with a resolution of the City Council adopted and approved on August 27.2ul9.nutharizing and approving[he Loan Agreement and providing for the issuance end securing the payment of the Bonds(the"Resolution"). and reference is Iereby 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 right to prepoy pan or all of the Bonds maturing in each of the years 2028 to 2031.inclusive,prior to and in any order of maturity ,in June I. 2027- or on tiny dale thereafter upon temrs or par mid accrued interest Principal of the Bond maturing on June I, 2031 is subject to mandatory redemption (by lot- as selected by the Registrar) on June I. 2030, in accordance with the mandatory redemption schedule set forth in the Rcsolmion, at a redeniplion price nl I Cam.;,of[he principal amount thercoftn be redeemed,plus accrued interest thereon to the redemption date, If es,limit all or the Bonds of any like maturity are m be redeemed,the particular part of those Bonds to be redeemed shape be selected by the Registrar by lot. I lie Bonds may be called in part in one or more units of$5.000. If less than the entire principal amount of any Bond In a denomination of mare than S5010 is to be redeemed. the Regislmi will issue mid deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authtuizcd denomination, in a Lola[ aggregate principal amount equal to the unredcemcd balance of the original Bond. Notice of such redemption as afoesaid identifying file Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof it the addresses shown on the C'ity's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redmnption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed fur redemption sufficient to pay the redemption price of flit Bonds sit called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds wiled for redemption in the same leaner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as In which notice as aforesaid shall have ken given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption dale This Bond is fully negotiable bill shall be fully registered as to both principal mid interest in the name of the owner on the books of the City in the office or the Registrar,oiler which no transfer shall he valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly atnhonzed attorney for such registered owner I'lie 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 01'0r on account oFprincipal hereof,premium,if any,and interest due hereon and for all other purposes,mid the City,the Registrar and the Paying Agent shall not be affected by may notice to the contrary And 11 Is I Ierehy Ceniticd and Recited dint all acts,conditions mid things required by the paws and Constitution of fhe Stall;of Iowa,to exist,to be had, to be done or m he performed precedent to and in the issue 001113 Bond were and have been properly existent,had,done and performed in regular and due Ibrm cent linmc;that provision has been made for the levy of a sufiicment continuing annual lax on all the taxable properly within the City for the payment of the principal of and interest on this Bond as the came will respectively become due. and that the total indebtedness of the City. including [his Bond,does not exceed tiny ConSliniliamll or sintu[nry limitations. IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council, has caused this Bond to be executed with the duly aathurized Ihcslmile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of Scptnnbcr 12,2019. CITY OF AMM(EESS,IOrWry{Aj' By Registration Date: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar J} By y/ City Treasurer 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 enbretics (Custodian) 1T TEN as joint tenants with right ofsurvivorship As Custodian for and not as tenants in common (Miuur) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt ofwhich is hereby acknowledged,the undersigned assigns this Bond to (Please prim or type name and address of Assignee) PLEASE INSIERikblCIAILSJECURITV C&FIER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint ________ - __. Attamcy, to transfer this Mond un the bouks kept lin registmtiun thearof with full power of substitution. Dated: Signature guaranteed. (Signature guarantee must be provided in accordance with the prevailing standards an0 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 to pond with the name of iltc registered owner as it appears on this Bond in every particular,without attention or enlargement or any change whatever. 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CITY OF CAM EES,,IOW AA� By Mzv ....... U.,a<n Regisuation Date: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution CITY TREASURER Ames,Iowa Registrar By 'i�y freruurer �--- 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 endreties (Custodian) 1T TEN asjoint 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 SECURrfY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint . Attorney,to transfer this Bond on the books kept fur registration Ihncul 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 es it appears on this Bond in every particular,without altenuion or enlargement or my change whatever. UNITED STATES OF AMERICA STATE.OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND.SERIES 2019A No S845.000 RATE MATURITY DATE DATE CUSIP 1.50% June I,2023 September 12.2019 030807 Z79 'file City of Ames(the"City"),in Story County,Slate 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 EIGHT HUNDRED FORTY-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,lows (hereinafter referred to as the"Registrar'or the"Paying Agent"),with interest on said sum,until paid at the rate per anmurn specified above,front the date of dos 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 I,2020.except as the provisions hereinatler 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 hooks 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(re 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 Bonds,Series 2019A(the"Bonds")issued by the City in the principal amount of $10.775,000,to evidence its obligation under a certain loan agreement,dated as of September 12,2019(the"Loan Agreement"),entered into by the City for the purpose of paving the cost,to that extent,of constructing improvements to streets,sanitary sewers and bridges and acquiring emergency services communication equipment. I"he Bonds are issued pursuant to and in strict cornpliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2019,and all other laws mmndirory(hereof and supplemental thercm. .old in cUnronnrty,with a reselulhon of the City Council adopted:tad approved on August 27,2019,authorizing and app..a og the Loan Agrcemenl and providing for the issuance and scow mg tire nl e pnvvlc of the Bonds(tile"Resoluhoni),and reference is hereby madc to the Re,ohnion and the Loa Aeruenlent lire a nhorc uunlpicic statement as to the source 01 payment of(he Bonds ad the rights of the owners of the Bonds. fhc City lesenes the right to prepay pan or all of the Bonds maturing in each of the years 2028 to 2031,inclusive,prior to and in any order of maturity on June I. 2027. on on any dale lhueoller upon terns or par and accrued interest. Principal of(he Bond maturing on June I, 2031 is subject to mandatory redemption try Inn, as selected by the Registrar) on June 1, 2030. in accordance with the mandatory redemption schedule set forth in the Resolution, at a redemption price of I(10%of the principal amount thereof to be redeemed,plus accrued interest(hereon to the redemption date. II'less than all of the Bonds of any like maturity arc to be redeemed,the particular pan of those Bonds to be redeemed shall be selected by the Registrar by let, t he Bonds may be called in part in one or more units of S5,000. If Iess than the entire principal amount of any Bond in a denomination of more than$5,000 is to he redeemed the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denominolmn. in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion ihereol)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners Ihereof al the addresses shown on the City's registration hooks not less than 30 days prior to such redemption due. Any notice of redemption may contain a statement that the redcmphon Is conditioned upon(Ire receipt by ire 141ying Agent of finds on or heii re tile dam fixed Iiv redemption sul)ioiem to pay,the redemption price orthe Bonds so emlled 1hr redemption. and that If runds arc nut mailable.SLICII redemption shall he eatleeRed by written notice to the Owners of the Bonds called for redemption in the same trimmer as the Original redemption notice was sent, All or such Bands es to which the Cny reserves and exercises die right of redemption ;rod as to which notice us alioresald shall have been given and for the redemption of which funds arc duly provided,shall cease to bear interest on the redemption dale 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 transfer satislaclory to the Registrar or tire assignment form hereon completed and duly executed by the registered owner or the duly authorized atlomcy 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 oror on account of principal hereof,premium,if any,and interest due hircon and for all other purposes,and the City,the Registrar and the Paying Agent shall not he affected by any notice to the contrary. And It Is I lerehy Cenilied and Recited that till acts.conditions ad things required by the laws and Constitution of the State of lu.rn,w exist,to be had, to be done or to he perior aid precedent to and in the Issue of this flood were mid have been properly existent,had,dorm and performed in regular and due foot and tine;that proeision has been madc For the Icvy of it sufficient continuing annual tax tar all the taxable properly within the City for the payment of the principal Of and interest on this Rood as the mlllc will respcctivelg become due, and that the total indebtedness of the City, including this Bond,does not exceed any constitutional tar SlAutory limitations. IN TESTIMONY WHEREOF,the City of Ames, town,by its City Council,has caused this Bond to be executed with the dal) aatllat Red ficsinule signature of ils Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of SeptcMxr 12.2019. CITY OF AMES,IOWA By m.a Merv, l __in 1�4ai 1JR�. Registration Dale: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar ByCltlIr Treasurer 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 foi registration Ihoeol with Call power of substitution. Dated S igneture 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 guaramor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with Ilse nsnm of the registered owner as it appears on this Bond in every particular.without allcration or enlargement or any change whatever. UNITED STATES OF AMERICA STATEOFIOWA STORYCOUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2019A No 5 $860,000 RA IT MATURITY DATE DATE CUSIP 5 00911, June I.2024 September 12.2019 030807 Z87 "fhc City,,(Ames(the"City"),in Story County,State of Iowa.for value received.promises to pay on the maturity dale or this Bond to Ccdc k Co. New York,NY or registered assigns.the principal sum of EIG111 I111N0RFD SIXTY TI IOUSAND DOLLARS in lawhid nnmcr at[lie thlitetl States of Amcrica upon presentation and s'urrendcr of this Rood at the office of the City Treasurer,Ames,Iowa, (hereinafter referred [u as the"Regishu(fit the"Paring Agent').with interest on said sum,until paid,at the rate per arum specified above, from the date or[his Bond,or from the most recent interest paymcut date on which interest has been paid ail June I and December I of each year,commencing June I,2020,except as the previsions heeinafer set Oath with respect In redemption prior to maturity may he or become applicable hereto Interest on this Bond is payable to the registered owner appearing on the registration hooks ill'tile City at the close of business tut the fifteenth day of the month next preceding the interest payment date,and shall he paid at the registered owner at the address shown on such registration hooks Interest shall he calculated an 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 Bonds,Series 2019A(the"Bonds"1 issued by the City in the principal amount of $10.775,000,to evidence its obligation under a certain loan agreement,dated as of September 12,2019(Ore"Loan Agreement"),entered into by the City for the purpose of paying the cast,to[hat extent,of constructing improvements to streets,sanitary sewers and bridges and acquiring emergency services communication equipment. The Bonds ere issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2019,and all other laws amendatory thereof and supplemental thereto.mud in confwnmy with a resolution of the City Council adopted and approved on August 27,2019,authorizing and approving the Loan Agreement and providing for the issuance wad securing the paymcnl of the Bonds(the"Resolution"), and reference is herebv made In the Resolution and the Loan Agreement for a more complete statement as to the source of paymcnl of[he Bonds and the riglus of the owners critic Bonds 11nc City reserves the right to prepay pal or all of the Bands maturing in each of the years 2028 to 2031,inclusive,prior to and in any order of maturity on line I, 2027, tit on any date therca0er upon lams of par and accrued interest, Principal of the Band maturing on June 1, 2031 is subject to mandatory redemption (by lot. as selected by One Registrar) on June L 2030, in accordance with the mandatory redemption schedule set forth in the Resolution, at a redemption pocc of IfWo o1'the principal amount thicreaf to he redeemed,plus accrued interest thereon to the redemption date. 11 less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Regiatnr by let. The blonds may be called in part in line or more units of S5,000, If less than the entire principal amount of any Bond in a denomination of more than S5 100 is to he redeemed. late Registrar will issue and deliver to the registered owner thereof, upon surrender of such Original Bond, a new Bond or Donds. in any aulhutized denonumitir, in a total aggregate principal amount equal to the unredeemed balance of the original [land. Notice or such ralcmptim as aforesaid identifying the Bond or Bonds(or portion lhercaQ to be redeemed shall he sent by electronic means or mailed by certified mail to the registered owners thereof m lite addresses shown on the City's registration banks not less than 30 days prior to such redemption date Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by One Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called far redemption. and Out if funds are not avidtible, such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the sane:matmer as Ile original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as(itwhich notice as aforesaid shall have been given and for the redemption or which funds are duly provided,shall cease to bear interest on the redemption date 'I his Bond is Tulles ucguhahle bill shall be fully registered as to both principal and interest in the name of the owner on the howls of the City in the office of the Registrar.alter which no Imnsfor shall he valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either it written instrument of Irrsfcr satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly uuthofiecd altnrney fnr such registered owner 'I he City. the Registrar :aid the Paying Agent may deem and treat the registered owner hereof as the absolute owner far the purpose of recuiving patlincal of or on account of principal hereof.premium.If any,and interest due hereon and for till other purposes,and the City,the Registrar and the Paying Agent shall not he nfiecled by any notice to the contray And It Is I lerchy Canoed and Recited[hut all acts.auditions and things required by the laws and Constitution of the Slate of Iowa,to exist,to be had, to he done or to he performed precedent hr and in the issue of this Bond were and have been properly existent,had,time and performed to regular and due form and time:that provision has been omde for the levy arm sufficient continuing annual lax on all the taxable property within the City for the payment of the principal of and interest tin this Bond as the same will respectively become due: and that the total indebtedness of the City, including this Bond,does not exceed any constitutional or statulm),limitations IN TESTIMONY WHEREOF,the City of Ames, Iowa, by its City Council,has caused this Bond to be executed with the duly authorized I'xcsintile signature of its Mayor and anested with the duly authorized facsimile signature of its City Clerk,all as of September 12,2019. CITY OF AMES,I/O/WAA` By A�ru BYO` nr Cled-- - Registration Date: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By ABBREVIATIONS 'rhe following abbreviations, when used in this Bond, shall be construed as though they were written out in full according n>applicable lures or regulations TEN COM as tenants in common LIMA TEN ENT - as tenants by the enlireties (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 tronsfer this Bond on the books kept for iegistration Ihercof with full power of substitution. Dated _..._.._._. Signature guaranteed: (Signature guarantee must be provided in acoordanoe 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 guaranla program I NOTICES 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. UNITED STATES OF AM ERICA STATE,OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE HOND,SERIES 2019A NO 6 $905,000 RA rE MATURITY DATE DATE CUSIP 5 0(P/. June I,2025 September 12,2019 030807 Z95 The City of Ames(the"City"),in Story County,Slate of Iowa,for value received,promises to pay on the maturity date orthis Bond to Cede&Cc New York,NY or tegislcred assigns,the principal sum of NINE IIUNDRED FIVE THOUSAND DOLLARS in lawful money orthe united Slates of Annmica upon presentation and surrender of this Bond at the office critic City Treasurer,Ames,Iowa, (hereinafter referred to as the"Rcgiebar"in the"Paying Agent"),with interest on said sum,until paid.at the rate per annual specified above, from the dale orthns Bond,or from the most recent inteic2l payment date on which interest has been paid,on.tune I and December I of each year,commencing June 1.2020,except as the provisions hcrcinallei set Ruth with respect to acdemplion prior to maturity may he or become applicable hereto. Interest on this Bond is payable to the registered owner optical ing on the registration hunks critic City at the close orhuciness 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 banks. Interest shall he calculated on the basis of a 360-day year comprised or twelve 30-day months Phis Bond shall not to valid Or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Rcgisuar 'Ibis Bond is one of a series Of General Obligation Corporate Purpose Bonds,Series 2019A([he"Bonds")issued by(tic City in the principal amount of SIn 775.000.la evidence its obligation under a certain loan agreement.dated as of September 12,2019(the"Loan Agreement"),entered into by the City for the ptupose or paying the cost,to that extent,of constricting improvements to streets,sanitary sewers slid bridges and acquiring emergency services communication cqugnnenl The hoods arc issued pursuant to and in strict compliance with the provisions of Chapters 76 and 389 of the Code of Iowa, 2019,and all other lows amendatory lhercol"and supplemental therein,and in conformity with a resolution of the City Council adopted and approved on August 27,2010.authorizing and approving the Loan Agreement and providing I'or 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 I tic City reserves the right to prepay par or all of the Bonds maturing in each of the yea"2028 to 2031,inclusive,prior to and in any order of maturity on June I, 2027, Or on any dale thereafter upon terms of par and accrued interest. Principal at'the Band maturing on June I, 2031 is subject to mandatory redemption (by lot. as selected by the Registrar) on June I, 2030, in accordance with the mandatory redemption schedule set forth in the Resolution, at a redemption price or Rxm orlhe principal amount thereof to be redeemed,plus accrued interest thereon to the redemption date. If less Ihmh all of the Bonds of any like maturity are to be redeemed,the partictdar pan of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a dcnominamm of mate that)SS no0 is In be redwmed, the Registrar will issue and deliver to the registered owner therco6 upon surrender of such original Bond, a new Bond or Bonds, in any mnhmimd denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice ol'such redemption as afnnsuid idcmifying 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 thereof 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 statement 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 or the Bonds so called for redemption,and that if Rinds arc not available,such redemption shall be cancelled by written notice to the owners or the 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 the right of redemption mid as to which notice as aforesaid shall have been given and for the redemption of which funds arc duly provided,shall cease to bear interest on the redemption date This Bond is fully negotiable but shall be idly registered as to both principal and interest in(he name of the owner on the books critic City in the turce ,)Title Rcgisou.one,which no transfer shall he valid unless made oil said books and then only upon presentation of this Bond to the Registrar,together with either a scntten insmanent of transfer satisfactory to the Registrar or the assignment form heaven completed and duly executed by the registered owner or the duly aulhm imd athuncy lit such registered Owner 'I be C'iy, the Rcgimrn and the Paying Accra may deem and.treat the registered owner hereof as the absolute owner I'or the purpose of receiving pavement of or on account of principal hereof premium.if any,and interest due hereon and for all other purgxes,and the City.the Registrar and the Paying Agent shall nub he al t'ected he any notice lu the conuory And it Is 1 hereby C'eniried coil Recited that all acts.conditions and things required by the laws and Constitution of the State of Iowa,to exist.to he had. In he done ur to he perlurmod precedent to and in the issue of[his Bond were and have been properly existent,had,done and performed in regular and due farm and unte:that""vision has been made Ibr the levy of a sullicieni continuing annual lax oil all the taxable properly within the City fur the paJvnent of the principal of mul micr st on this Build as (he sanhc will respectively hcaime due; and that the total indebtedness critic City, including this Bond,does not exceed any canstnutiunal or taltaor, Itmitatinns 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 12,2019. CITY OF AMES.IO'�WA'' By wrvr �J4 dk,ft U,can, ('ip'Clerk Registration Date: September 12,2019 REGISTRAR'S CFR'fIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Register By _ Cny treasurer 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 SOCIALSECURITY R OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint _._ Attorney, to transfer this Bond on the books kept fur rcgisuution thereof kith full power of substitution. Dated: Signature guaranteed: (Signature guarantee most be provided in accordance with the prevailing standards and procedures of tlm Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a«eognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears an this Bond in every particular,without alteration or enlargement or any change whatever. UNl'f ED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF.AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2019A No 7 $945 000 RA 11. MAIURIFY DATE DA'ff_ CUSIP 5 00% June 1,2026 September 12,2019 030807 2A8 The City of ernes(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 Stan of NINE HUNDRED FORTY-FIVE THOUSAND DOLLARS in lawful money ol'the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter refereed to as the"Registrar"or the"Paying Agen(1.with interest on said sum,until paid,at the rate per mul specified above, from the date of this Bond,or from the mast recent interest payment time on which interest has been paid,on lone I and December I of each year,commencing June I,2020,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 he paid in the registered cornet at the address Shown col such registration books, Interest shall be calculated on the basis of a 360-day year comprised of Twelve 30-day months Phis Bond shall not he valid or become obligatory fur any purpose until the Certificate of Authmnicalion hereon shall have been signed by the Registrar I his Rood is tine of a aeries of(icncral Obligation Corporate Purpose Bonds,Series 2019A(the"Bonds")issued by the City in the principal nmount of $10,775,000.to evidrnce its obligation under n eerlain loan agreement,doted as of September 12,2019(the"Loan Agreement"),entered into by the City fin the purpose of paying the cost,hI[flat extent.of constructing improvements to streets,sanitary sewers and bridges nod acquiring emergency services communication cquipmcm The Dundls aC Issued palsaant m and m stria compliance with the provisions of Chapters 76 and 384 of due Cade of Iowa, 2019.and all other ins annendaory(hemol':nd arpplenenul therein,and in conformity with a resolution of the City Council adopted and approved an August 27.2019,authorizing and app, n mg the Loan Agrecnnent and providing fir the issuance and securing the payment of the Bonds(the"Rcsoloimi'). and ret'oeiec is hereby inner:to the Resoluuun and the I ,all Agrcenenl in 11 more complete statement as an the source of payment ollhc Bonds and the rights of the owners of the Bonds. I he City raceway the right to prupa) pal or all of the Bands maturing in each of the years 2028 to 2031.inclusive,print to and in tiny order of maturity on June 1. 2027, in un anv date Iherealler upon terms of par and ocerued interest Principal of the Bond mounting on June I, 2031 is subject to mandatory uthmynimn thy Tat. as u:lecled by the Registrar) on June 1,2U30, in accordance with the mandatory redemption schedule set forth in the Resoloion. at a tehmlpuon prec of I(8l i al the principal amount thereof to be redeemed,plus accrued interest(hereon to the redemption date If less than all of the Bonds of any like natality are to be redeemed,the particular part ordain Bonds to he redeemed shall he selected by the Registrar br lot The Bonds may he called in part in One or more units of s5,00o. If less than the entire principal amount of any Bond in a denomination of more than$5.000 is to he redeemed, the Registrar will issue :and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid Witold')ing Ure Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic aeons or mailed by certified mail to the registered owners thereof at Ill,addresses shown kill the Cily's registration books not less Ilion 30 days prior to utch redemption date. Any notice of redemption may contain a stagen wnl that (lie 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 of the Bands so called 1'nt redemption, and (hat if funds arc not available, 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 notice was sent All of such Bonds as to which die City reserves and exercises the 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 "Ibis Band is(idly negotiable but shall be fully registered as to both principal and interest in the name ofthe owner on the books of the City in the office of the Registrar,alto 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 transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly mount izcd nuntley fin such registered owner. -1'he City, the Registrm and the Paying Agent may deep and Item the registered owner hereof as the absolute owner for the purpose of receiving paymem of tar On account of principal hereof,premium,ifany,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not he affected by any notice to the contrary And 11 Is I Iemby Certified and Recited that all acts,conditions and things required by the laws mid Constitution of the State of Iowa,to exist,to be had, nr be done or Ill be performed precedent to and in the issue of this Bond were and have been polwrly existent,had,done and performed in regular and due fmm slid time Ihat provision has been made on the levy nl'a sullieient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest kin this Bond as the sauna will respectively become due; and that the total indebtedness of tine City, including this Bond,does no exceed any constlllnlollill of statuary limitations. IN TESTIMONY WHEREOF, the City of Ama, Iowa,by its City Council,has caused this Bond to be"ccutcd with the duly authorized Ibcsimile signature of its Mayor and arrested with the duly authorized facsimile signature of its City Clerk,all as ol'Septemlmr 12,2019. CITY OF AMES.IOWA By J Fleym _tlndE,l� linna Registration Date. September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By U (.IIV rea8lftf ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws ur regulations: TEN COM - as tenants in common UTMA TEN ENT - as tenants by the entirelies (Custodian) JT TEN as joint tenants with right of survivorship As Custodian 1'or 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 Bold un the books kept Ibf registration themot with fill power of substitution. Dated- Signature guaranteed: (Signature guarantee must be presided in accordance with the prevailing standards mid 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 ol'the registered owner as it appears on this Bond in every particular,without alteration or enlargement or aay change whatever. UNITED STATES OF AMERICA SKATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIFS 2019A No 8 E895,000 RATE. MATURITY DATE DATE CUSIP 5 00% June I,2027 September 12,2019 030807 2B6 The City of Antes(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bold to Cede&Co. New York,NY or registered assigns,the principal sum of EIGHT HUNDRED NINETY-FIVE THOUSAND DOLLARS in Its,,far money of(hc United States of America upon presentation and surtender orthis Bond at the office of the City Treasurer,Ames.Iowa, (hereinafter referred to a, the"I(C.iSlm( Or the Pirvul^Agctt I.with inleresl flit said SUM.until paid.at the rate per mutant Specified above. tr0in the date orthls Bond,or roan the aloM :Ccnl Interest pinnlent date un which interest has been paid,on)title I and December I M each year.commencing Jude I.2020.except as the provisions hercticdiet set Math atlh respect to redemption poor In maturity may he or become applicaNc hereto Interest on this Bond is payable to the registered owner appearing tin the regislrala,n honks nrihe Ca) at the close of husincss on the fifteenth day itf the month nest preceding the interest payment dale,and shall be paid Ill Ute Icgisteled ownet at the address shown on such registration books. Inleresl shall be calculated on the basis of a 360-day year comprised of twelve 30-day months I his Bond shall not be valid or hecome obligatory for any purpose until the C'crtil cate of Amhenticaliol hereon shall have been signed by the Registrar. this lined is one of o set ics of General Obligation Corporate Purpose Bonds.Series 2019A(the"Bonds")issued by the City in the principal amount or 510 775Jh10.it,evidence its obligation under a cetnin Item agreement,dated as of Sepemher 12.2019(the"Loan Agreement"),entered into by the City rot the pnlposc of paying the cost.(it that extent.of construing improvements to streets.sanitary sewers and bridges and acquiring emergency services communication oququuet Ile Hands:lie smaxi pmlArall it,and in strict compliance Willi file provisions of Chafers 76 and 384 of the Codc of Iowa, 2019,and all other laws ;mwcadaton Ihelcol and supplemental theiclu,and in conformity with a resolution of the City Council adopted and approved on August 27,20I9,authorizing and appnning the Loom Agreement and providing I'or the issuance and securing the payment of the Bonds (the"Resolution"). and reference is hereby made to the Resoluarm and the Lwm Agrcemem lie a more complete statement as to the source of payment of the Bonds and Ihc rights olihc owners of the Bonds the City reserves the i ighf to prepay Part or all of the Bonds maturing in each of the years 2029 to 2031,inclusive,prior to and in any order of maturity on .little I. 2027,or on any date thereafter upon terms of par wild accrued interest. Principal of the Bond maturing on June I, 2031 is subject to mandatory redemption (by lot, as selected by the Registrar) on June 1, 2030, in accordance With the mandatory redemption schedule set forth in the Resolution, at a rcdemplion price of 100%of the principal amount thereof to be redeemed,plus accmed interest thereon to the redemption date. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. I he floods may he called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000 Is to he iedconied, the Rcgisuar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authnrized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid idemilbmg the Hood in Bonds(or potion IheeoU to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at Ihc addresses shorn on the City's registration books not less than 30 days prior to such redemption date Any notice of redemption may contain a statement thin the rcdemplion 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 tribe Bonds sit celled li,r redemption. and that if funds an:not available,such mdemption shall be cancelled by written notice to the owners of the Bonds called for ledetoplion in the same manna as the original redemption notice was sent. All of such Bonds ns to which the City reserves and exercises the right of rodcmplinn 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 ]'Iris Bond is full) 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 olLce urlle Registrar.title,which no transfer shall to valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of trmslle, satisfactory to tire Registrar or the assignment form hereon completed and duty executed by the registered owner or the duly authorized attorney for such registered owner The City. the Registrar and Ihc Paying Agent may deer and [real Ile registered owner hereof as the absolute owner for the purpose of receiving pavnrenl of or on account of principal hereof-premium,if wry,and interest due herein and for all other purposes,and the City,the Registrar and the Paying Agent shall not he affected bN aarry notice to the connary. And It Is I lerebv Certified land Recited that all acts,conditions and things required by the laws land Constitution of the State of Iowa.to exist,to he had. to he done or it,he petiinmed paoucdent it,and in the issue of this Bond wore and have been properly existent,had,done and performed in regular and due Flinn :Ind lime;(hill provision has been made tin the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest un this Bend as the same will respectively become due; and that the toad indebtedness of the City. including this Bond, des not exceed any constitutional tit stalnlnry limitations IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council•has caused this Bond to he executed with the duly authorized Ltcsimile signature of its Mayor and auested with the duly authorized facsimile signature of its City Clerk,all as of September 12,2019. CITY OF AMMpESS..I/O�W AA By �v '"-Q9b�✓"" Mayo. .'tQ fihad- fne tleek Registration Date: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION 'Fhis Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar A / By 1 City reasurer If 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 (Custodinn) JT TEN as joint tenants with right of survivorship As Custodian for --- and not as tenants in common (Minor) under Uniform Transfers to Minurs 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 liu reguhation Ihercol'with full power of substitution. Dated: Signature guaranteed (Signamrc 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 ol'the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2019A No q S940.000 RA 11. MATURITY DATE DATE CUSIP 3 opt June 1.2028 September 12,2019 030807 2C4 The City of Ames(the"City"),in Story County,Stale of Iowa,for value received,promises to pay on the maturity dale or(his Bond to Cede&Co. New York,NY or registered assigns,the ptincip:d suns of NINE HUNDRED FORTY THOUSAND DOLLARS in lawlld mane)"of the(failed States 01 America upon preuntation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred to as the 'Rq sum'"(,I tile'I'aying Agent').with interest on said Sum,until paid,at the rate per annual specified above, prom the date of this Bond,or from the muss accent interest payment date on which intend has been paid,on lime I and December I of each year,commencing June I,2020,except as the provisions hcreinallel iet limb with respect to Ictlemp i011 prior to maturity may be or become applicable hereto Interest on [his Bond is payable to the registered owner appealing min tiro registration Minks of the City al tiro close of business on the fifteenth day of the month next preceding the interest payment date,and shall be paid lU the egislemd owner at the address shown an such registration hooks Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. [his Bt nd shall not he valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar "I"his lead is one of a series of General Obligation Corporate Purpose Bonds,Series 2019A(the"Bonds")issued by the City in the principal amount of $10,775.000,to evidence its obligation under a certain loan agreement,dated as of September 12,2019(the"Loan Agreement"),entered into by[he City for the purpose of paying the cost.to that extent,of con launching improvements to streets,sanitary sewers and bridges and acquiring emergency services communication equipment. I he Itonds are issued pursuant to laid in strict compliance with the provisions of Chapters 76 mud 384 of die Code of Iowa,2019,and all other laws amendmory thercol'and supplemenml thereto,and in conformity with a resolution of the City Council adopted and approved on August 27,2019,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 Ibr a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City Icservcs the right to prepay part or all of the Bonds maturing in each of the years 2028 to 2031,inclusive,prior to and in any order of maturity on June I.2027, or on any date thereafter upon terns of par and accrued interest Principal of the Bond maturing on June I,2031 is subject to mandatory redemption (by lot, as selected by the Registrar) on June 1. 2030, in accordance with the mandatory redemption schedule set forth in the Resolution, at a redemption price of Ion%ref the principal amount thereof to be redeemed,plus accrued interest thereon to the redemption date. If less than all of the Bonds artery like maturity are to be redeemed,the particular part of those Bonds lobe redeemed shall be selected by the Registrar by lot 'file Bonds may he celled in pan in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000 is to be redeemed. the Registrar will issue and deliver to the registered owner thereof, upon surrender of such Original Bond, a new Bond or Bonds, in any authorized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bands(or potion lhercol)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners Ihercuf at the addresses Shown on the City s registration books not less than 30 days prior to such redemption dale. Any notice of redemption may contain a statement that the uedcmplion is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed out redemption sufficient to pay the redemption price of the Bonds so called lot redemption,and that if fialds are not available.Such redemption shall be cancelled by written notice to the timers of the Bonds called for redemplion in[he smile manner as the m iginal redemption notice was sent All of such Bonds as to which the City reserves and exercises the right of redemption mid as In which notice as aforesaid shall have been given and Ibr the redemption of which funds are duly provided,shall cease to bear interest on[he redemption ¢Inc I his Blind Is fully negotiable bill shall he fully registered as to both principal and interest in the name of the owner on the books of Ilse City in the office of the Registmu.alter which no Irosfer shall be valid unless made on said hooks and then only upon presentation ol'this Bond to the Registrar,together with either it mrittnm instumem of translet sinislachxy in the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly autlml awed also ney tia such wgisicnd owner I'lie C'uy the Ragislrn and the Paying Agent nma-v deem and treat the registered owner hereof as the absolute owner Ibr the purpose of receiving p:nnlenl ill'ni till account ill principal hereof.premium,if any,and interest due hereon mid for no other purposes,and the City.the Registrar and the Paying Agent shall not be aneced hs any mnice it,the contrary And It Is I Iclehc Certilicd amd Recited thin all acts,conditions and things requited by the haws and Co stitutism of the State of Iowa,to exist,et he had. as he done ar to he pro Ironed ptecedent to and in the issue of this Bond were and have been propca ly existent.had,done and performed in regular and due firm mid time,thin provision has lice,,made pia the levy of a Sufficient containing annual tax tin all the taxable property within the City for the paynmin of the principal ill'and interest on this Bond ;is the same will respectively bceunc due; and that Elie total indebtedness of the City, including this Bond,does not exceed any eml5ll LialOonl or smlutoty lanilalions IN TESTIMONY WHEREOF,the City of Ames, Iowa, by Its City Council,has caused this Bond to be executed with the duly authorized facsimilc signature of its Mayor and attested with the duly authorized facsimile signature of its City Cluk,all as ol'Septentber 12,2019. CITY OF AMES,10 W A By wrvr „IA 0 U,U!4d, ".,Ckh -- -- - Registration Dale: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION 'This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Regiztmr By IL ('nc l"rcasuW- -- ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable htws OF regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the enitrelies (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 Boud uu the bulks kept tin icguu;mou themul wlh hill 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. UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2019A No 10 $960,000 RAZE MATURITY DATE DATE CUSIP 2 00% June I,2029 September 12,2019 030807 202 The Cily of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of Ihis Bond to Cede&Co. New York,NY ar legislated assii the principal stun of NINI7 I IUNDRED SIXTY'I'HOUSAND DOLLARS in lax lid money of the 1lnitat States of Annctica upon p escmntion and surrender of this Build at the office of the City Treasurer,Ames,Iowa, (hereinafter referred I,,as the"Regkiloon-ill Ilse"Paring Agent*').xidt interest on said sum,until paid,at the rate per annum specified above,from the dale of this Bond,or from the MOM recent interest payment dale on which interest has teen paid,on.tune I and December I of each year,commencing.tune I,2020,except as the provisions here)oilla set Iboh wilt respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner oplaormg on the wgixtr:uion hooks of the City at the close of hushWSS On the fifteenth day or the month next preceding the interest payment date,and shall be paid to the egimered 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 I his Bund shall not Ix valid or become obligatory fol any purpose until the Certificate of Authentication hereon shall have teen signed by the Registrar I his Bond is one of n series of Cenral Obligation Corporate Purpose Bonds,Series 2019A(the"Bonds")issued by the City in the principal amount of $10,775.000.In evidence its obligation under a certain loan agreement,dated as of September 12,2019(the"Loan Agreement"),entered into by the City for the purpose or paying the cost.to that extent,of constructing improvements to streets,sanitary sewers and bridges and acquiring emergency services communication equipment The Ronds are issued pursuant to Ind in strict compliance with One provisions of Chapters 76 and 384 of the Code of Iowa, 2019.and all other laws anlrndatnly thereof and supplemental Iherelo,and in conformity with a resolution of the City Council adopted and approved on August 27.2019,authorizing and approving file 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. file City reserves the right to prepay pan or all of the Bonds maturing ill each of the years 2028 to 2031.inclusive,prior to and in any order of maturity on June I, 2027,ill on any date thereafter upon terms of par and accrued interest. Principal of the Bond maturing on June 1, 2031 is subject to mandatory redemption (by lot, as selected by tine Registrar) on June 1, 2030, in accordance with the mandatory redemption schedule set forth in the Resolution, at a redemption price of I O0°A of the principal amount thereof to be redeemed,plus accrued interest thereon to the redemption date. If Icss than all of the Bonds of any like maturity arc to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Regismar by lot 1 hi Bonds may be called in pan in one or mare units of$5,000, Ir less than the entire principal amount of any Bond in a denomination of more than$5,000 is In be redeemed. the Registrar will issue rand deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any nuthnuzed denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid Identifying the Bond or Bonds for portion therenp to he redeemed shall be sent by electronic means or mailed by certified mail to the registered owners Ihcrcof al the addcsseS shown on the City%s registration books not less than 30 days prior to such redemption date. Any notice of redemption may wnom a simummt that the redennption Is conditional upon the rcecipt by the Paying Agent of funds on ar before the dale fixed for redemption sufficient to pay the redemption price of the Bonds so called fur redemption. and that if funds arc not available, such redemption shall be cancelled by written notice to the owners of the Bonds called for redemplrun in the same manner is the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redennplion and is la which ounce as aforesaid Shall have been given and for the redemption of which funds are duty provided,shall arse to bear interest on the redemption dale I his Hand is fully negolinblc hill shall he ftdly registered us to both principal land Interest in the name of the owner on the hooks of the City in the on-ice Oldie RQlikmn.Orel xhich no Imoslbr shall be valid unless made on said hooks and then only upon presentation of this Bond to the Registrar,together with either a written msnnunenl of to nsfet satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly aulhut 'ed alturncr fin Such mgfsicred ovocr I he t ill.. the liegistnu and the I'nvmg Agent may deem ;rod treal the registered owner heretr Its tine absolute owner for the purpose of receiving pm nmm of of un necuunl of principal hercul:protium.iI any and interest due hereon will lot all other purposes.and the City,the Registrar and the Paying Agent shall not be Idlicled hs Inns notice it,the condo• And It IS l Ioclnv l enitied and Recited that all acts,conditions and things required by(lie laws and Constitution of the State of Iowa,to exist tube had. In 6e dome or It,he pcoiumcd pracdcnt to and in ilsc issue of Ihis Bond were and have been property existent,had.done and performed in regular and due Into and limn,thin provision has been made for the levy ora sufficient continuing annual taw on all the taxable pmpeny within the City for the payment of the principal of and Interest oar this Isund ;is the same will respectively hewing due; and that the total iodehtalnees of the City, including this Bond,does not exceed any ConSllltllimull Or Monitory 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 anested with the duly authorized facsimile signature of its City Clerk,all as of September 12,2019. CITY OF AMES,IOWA By inn MaYw gt- __.. (10'Clerk Registration Date: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames.Iowa Registrar By Gts lcasurcr ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws of 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 (Miwq under Uniform Transient to Minors Act (tiune) Additional abbreviations may also be used though no(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 ]or regislraliou thereof will full power ol'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 1 NOTICE: The signature to this Assignment must correspond with the nume ol'the registered owner as it appears on this Bond in every parliculut,without alteralimt Of enlargement or any change whatever UNITED STATES OF AM ERICA S'fA'IT OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2019A No It S1,990.000 RA 11. MATURITY DATE DATE CUSIP 2(ni June I.2031 September 12,2019 030807 21`7 'I he C'it of Amu(the"City'),in Story County,State of Iowa,for value received,promises to pay on the maturity dale of this Bond to Cede&Co. New York,NY ut registered assigns,the principal stun of ONE MILLION NINE HUNDRED EIGHTY THOUSAND DOLLARS in lawful money cal the united States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa, (hereinafter referred tons the"Registrar"of 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 inter N1 payment dale on which interest has been paid,on June I and December 1 of each year,commencing June I,2020,except as the provisions IneKllntftel set forth with respect to redemption prior to maturity may be or became applicable hereto Interest on this Bond is payable to the registered owner appcnring on the registration books tit the City it the close of business on the Rfteenth day of the month next preceding the interest payment date,and shall be paid to the rcgislcied owner al 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 nor he valid or become obligatory for any purpose until the Cenilicalc of Authentication hereon shall have been signed by the Registrar Phis Bond is one of n series of General Obligation Corporate Purpose Bonds,Series 2019A(the"Bonds")issued by the City in the principal amount of $10.775.000,un evidence its obligation under a certain Imo ugruentont,dated as of September 12,2019(the"Loan Agreement"),entered into by the City for the pugnsc of paying the cost.In that extent.nl'conslmclimg improvements to streets,sanitary sewers and bridges and acquiring emergency services communication equipment I he Hums are issued pursuant In and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2019.and all other laws amendaory there'll ain't.upplemcun l ihcteo aund in conformity with a msnluliml ul'Ihc City Council adopted and approved on August 27.2019.authorizing and appmt imp the I man 4glcenenI and providing tin the issuance and securing the paytnen1 of the IWait,(the"Itesaluoon").and reference is hereby made to the Resnlulion and the I min Aetcenicnt tin a inure cmnplcte Stateroom as to the sauce it payment of(he Hands and the rights of the owners 01l1m 130n15 I he E.m tcsaves the I fight to prepay pan or all of the Bonds maturing in each of the years 2028 to 2031,inclusive,prior to and in any order of maturity o I time 1. 2027- ,I cal nrry date theren0er upon terms of par and accrued interest Principal of the Bond maturing on hoc I, 2031 is subject In mandatory rcdenlpban (h) lot. as selected by the Itegistar) on June I, 2030, in accordance with to mandatory redemptinn schedule set forth in the Resolution, al a redemption price of 110iu ofthe principal amount lhercorm be mdecnred,plus accrued interest thereon to the redemption date II'Ius than all of the Bonds of any like maturity arc to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. I"lie Bonds may he called in part in one or more units of$5,000 If Ins shah the entire principal amount of any Bond in a denomination of more[hair$5,000 is to In, mdccmed, the Registaw will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption 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 thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption dale. Any notice of redemption may contain a statement that the redomplinn is conditioned upon the receipt by the Paying Agent of funds on or before the dale fixed for redemption sufficient to pay the redemption price rifle: Hands so called lair redemption,and that 11'finds are not available,such redemption shall be cancelled by written notice to Elie owners of the Bonds called for redemption in the same manner as to original redemption notice was sent All of such Bonds as to which the City reserves and exercises the right of redemption and am an which notice as aforesaid shall have hcen given and for the redemption of which funds we duly provided,shall cease to bear interest on the redemption date This Hood is Italy ncgotiablc ban shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the olticc oI Elie Registrar.a0er which no transfer shall he valid unless made oil said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of owner satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly aahmrized attorney firr such rcgislered owner ]'he City, the Registior and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving puytalent of or or 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 I lerchy Cerli0ed and Recited that all aces,conditions and things required by the laws and Constitution of the Slate of Iowa,to exist,to be had. to he dune or to the peiromed precedent to and in the issue of this Band were and have been property existent,had,done and performed in regular and due form and IMIC:That provision has been made lair the levy of a sWTtcont continuing annual lax on all the taxable property within the City for the payment of the principal of and unorcsE on this Butts as the same will respectively aecomc due: and that the total indchlednns of the City, including this Bond, does not exceed any can5lltuliunal mr Stalla oIN limitations IN TESTIMONY WHEREOF,the City of Ames, Iowa,by its City Council, has caused this Bond to be executed wish [lie duly authorized lacsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,all as of September 12,2019 CITY OF AMES,1/O�{WA By11T- _ A✓Y—"" u„ 'I�nK;ii_U . Car t'lok..._._. _ .. Registration Date: September 12,2019 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By By 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 (Stale) 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 un the bunko kcpl I'ur Icgisiralion thelcof with loll power of Substitution. Dated: Signature guaranteed (Signature guarantee most 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 naiue of tile registered owner as it appears on this Bond in every particular,wilhoul alteration or enlargement or any change whatever