Tab_2GENERAL CERTIFICATE
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$80,435,000 GENERAL OBLIGATION AND REFUNDING BONDS
2016 SERIES THREE
$29,400,000 GENERAL OBLIGATION AND REFUNDING BONDS
2016 SERIES FOUR
I, DEVEN S. MITCHELL, Executive Director of the Alaska Municipal Bond Bank (the
"Bank"), HEREBY CERTIFY as follows:
1. I am the duly appointed, qualified and acting Executive Director and Treasurer of
the Bank authorized to do and to perform all things and to execute all documents in the name of
the Bank necessary and convenient to the issuance of $80,435,000 aggregate principal amount of
the Bank's General Obligation and Refunding Bonds, 2016 Series Three and $29,400,000
aggregate principal amount of the Bank's General Obligation and Refunding Bonds, 2016 Series
Four.
2. Randall Hoffbeck was duly appointed Commissioner of the Department of
Revenue, State of Alaska, on December 16, 2014, and pursuant to Chapter 85, Title 44, Alaska
Statutes (the "Act"), is a duly named, qualified and acting member of the Board of Directors of
the Bank, Pamela Leary and Jerry Burnett are the duly appointed designees in Mr. Hoffbeck's
absence.
3. Chris Hladick was duly appointed Commissioner of the Department of
Commerce, Community and Economic Development, State of Alaska, effective March 16, 2015,
and pursuant to the Act, was a duly named, qualified and acting member of the Board of
Directors of the Bank. Michael Lamb is a duly appointed designee in Mr. Hladick's absence.
4. The following named persons were duly appointed by the Governor of the State
of Alaska as members of the Board of Directors of the Bank pursuant to the Act and are now,
and at all times since the commencement of their most recent terms of office set forth below
have been, duly qualified and acting members of said Board, and the date of commencement and
expiration of their most recent respective terms of office are as set forth below:
Date of
Name Appointment Reappointment Expiration of Term
Mark E. Pfeffer, 10/10/01 7/27/05, 9/4/09 and 07/15/17
Chair 10/04/13
Gregory J. Gursey, 06/22/09 12/1/10 and 07/15/14 07/15/18
Vice Chair
Luke Welles, 05/21/08 7/16/11 and 11/01/15 07/15/19
Member
5. All the members and officers of the Bank have executed and maintain in force
surety bonds in compliance with the provisions of AS 44.85.050 and, before entering their duties,
have subscribed to an oath in accordance with AS 44.85.030.
6. As of October 1, 2016, the outstanding indebtedness of the Bank under the Bank's
2005 General Obligation Bond Resolution was $1,009,975,000.
7. No authority or proceedings authorizing the execution, issuance and delivery of
the Bonds has or have been repealed, rescinded, revoked or superseded, and no further approval
or consents from any other State government body or agency are required to issue the Bonds.
8. Attached as Exhibit A is a true, complete and correct copy of the Administrative
Regulations of the Bank as now in effect.
9. Attached as Exhibit B is a true, complete and correct copy of the bylaws of the
Bank as now in effect.
10. Attached as Exhibit C hereto is a true, correct and complete copy of the notice of
the meeting of the Bank on September 6, 2016, as posted on the State of Alaska website "Online
Public Notices" on August 26, 2016.
IN WITNESS WHEREOF, I have hereunto set my hand this 3rd day of November 2016.
DEVN J. MITCHELL
Exedutive Director
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