Tab_92CITY OF DILLINGHAM
(A Municipal Corporation of the State of Alaska)
NO. R4 25,OOO
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IJTYm Amount EIGHTMILLIONI[I1IllHUNDRED TWIYi It (I1IJYIi
DOLLARS
The City of Dillingham (the "City"), a municipal corporation of the State of Alaska,
hereby acknowledges itself to owe and for value received promises to pay to the Registered
Owner identified above, or registered assigns, the principal amount shown above in the
following installments on December 1 of each of the following years, and to pay interest on such
installments from the date hereof, payable on December 1, 2016 and semiannually thereafter on
the 1st days of June and December of each year, at the rates per annum as follows:
Year Principal Amount Interest Rate Year Principal Amount Interest Rate
2018 $685,000.00 4.00% 2023 $ 850,000.00 5.00%
2019 710,000.00 4.00 2024 890,000.00 5.00
2020 740,000.00 4.00 2025 940,000.00 5.00
2021 775,000.00 4.00 2026 990,000.00 5.00
2022 810,000.00 5.00 2027 1,035,000.00 5.00
When this Bond is owned by the Alaska Municipal Bond Bank (the "Bond Bank"),
payment of principal and interest shall be made as provided in the Loan Agreement between the
Bond Bank and the City dated as of April 1, 2008, as amended by the Amendatory Loan
Agreement between the Bond Bank and the City dated October 18, 2016 (together, the "Loan
Agreement"). When this Bond is not owned by the Bond Bank, installments of principal and
interest on this Bond shall be paid by check or draft mailed by first class mail to the Registered
Owner as of the close of business on the 15th day of the month preceding each installment
payment date; provided that the final installment of principal and interest on this Bond shall be
payable upon presentation and surrender of this Bond by the Registered Owner at the office of
the Registrar. Interest will be computed on the basis of a 3 60day year consisting of twelve 30-
day months. Both principal of and interest on this Bond are payable in lawful money of the
United States of America which, on the respective dates of payment thereof, shall be legal tender
for the payment of public and private debts.
This Bond is one of the General Obligation Refunding Bonds, 2016 Series A of the City
of Dillingham, Alaska, of like tenor and effect except as to interest rate, serial number and
maturity, aggregating $8,425,000 in principal amount, and constituting Bonds authorized for the
purpose of refunding certain general obligation bonds issued by the City, and is issued under
Resolution # 2016-51 of the City entitled:
(the "Resolution").
Installments of principal of this Bond are not subject to prepayment at the option of the
City prior to their maturity.
This Bond is transferable as provided in the Resolution, (i) only upon the bond register of
the City, and (ii) upon surrender of this Bond together with a written instrument of transfer duly
executed by the Registered Owner or the duly authorized attorney of the Registered Owner, and
thereupon a new fully registered Bond or Bonds in the same aggregate principal amount and
maturity shall be issued to the transferee in exchange therefor as provided in the Resolution and
upon the payment of charges, if any, as therein prescribed. The City may treat and consider the
person in whose name this Bond is registered as the absolute owner hereof for the purpose of
receiving payment of, or on account of, the principal or redemption price, if any, hereof and
interest due hereon and for all other purposes whatsoever.
This Bond is a general obligation of the City and the full faith and credit of the City are
pledged for the payment of the principal of and interest on this Bond as the same shall become
due,
IT IS HEREBY CERTIFIED AND RECITED that all conditions, acts or things required
by the constitution or statutes of the State of Alaska to exist, to have happened or to have been
performed precedent to or in the issuance of this Bond exist, have happened and have been
performed, and that the series of Bonds of which this is one, together with all other indebtedness
of the City, is within every debt and other limit prescribed by said constitution or statutes.
N WITNESS WHEREOF, THE CITY OF DILLINGHAM, ALASKA, has caused this
Bond to be signed in its name and on its behalf by the manual or facsimile signature of its Mayor
and its corporate seal (or a facsimile thereof) to be impressed or otherwise reproduced hereon
and attested by the manual or facsimile signature of its Clerk, all as of the 3rd day of November,
2016.
Mayor
2
ATTEST:
AV1
Crk
ASSIGNMENT
For value received, the undersigned sells, assigns and transfers to (print or typewrite
name, address, zip code and Social Security number or other tax identification number of
Transferee)
this Bond and irrevocably constitutes and appoints
attorney to transfer this Bond on the Bond Register, with full power of substitution in the
premises.
Dated:
Signature Guaranteed:
Notice: The assignor's signature to this assignment must correspond with the name as it appears
upon the face of this Bond.
3
M011111
WM
CITY OF DILLINGHAM
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R1I IDA'iI1 1III
PRINCIPAL W hY1[I1IhM I MILLION si au: HUNDRED ai•TH04SANJ
DOLLARS
The City of Dillingham (the "City"), a municipal corporation of the State of Alaska,
hereby acknowledges itself to owe and for value received promises to pay to the Registered
Owner identified above, or registered assigns, the principal amount shown above in the
following installments on April 1 of each of the following years, and to pay interest on such
installments from the date hereof, payable on October 1, 2008 and semiannually thereafter on the
1St days of April and October of each year, at the rates per annum as follows:
Year Principal Amount Interest Rate Year Principal Amount Interest Rate
2009 $470,000 5.00% 2014 $600,000 5.00%
2010 495,000 5.00 2015 630,000 5.00
2011 520,000 5.00 2016 665,000 5.00
2012 545,000 5.00 2017 695,000 4.00
2013 570,000 5.00 2018 725,000 4.00
When this Bond is owned by the Alaska Municipal Bond Bank (the "Bond Bank"),
payment of principal and interest shall be made as provided in the Loan Agreement between the
Bond Bank and the former City of Dillingham dated as of April 1, 2008, as amended by the
Amendatory Loan Agreement between the Bond Bank and the City dated October 18, 2016
(together, the "Loan Agreement"). When this Bond is not owned by the Bond Bank, installments
of principal and interest on this Bond shall be paid by check or draft mailed by first class mail to
the Registered Owner as of the close of business on the 15th day of the month preceding each
installment payment date; provided that the final installment of principal and interest on this
Bond shall be payable upon presentation and surrender of this Bond by the Registered Owner at
the office of the Registrar. Interest will be computed on the basis of a 360-day year consisting of
twelve 30-day months. Both principal of and interest on this Bond are payable in lawful money
of the United States of America which, on the respective dates of payment thereof, shall be legal
tender for the payment of public and private debts.
Pagel of3
This Bond is one of the General Obligation School Bonds, 2008 Series A of the City, of
like tenor and effect except as to interest rate, serial number and maturity, aggregating
$15,105,000 in principal amount, and constituting Bonds authorized for the purpose of paying
the cost of school and related capital improvements in the City of Dillingham, and is issued
under Ordinance No. 200803 of the City entitled:
AN ORDINANCE OF THE '
OF I'f1Y ALAS
AUTHORIZING THE CITY I OBLIGATION ISSUE GENERAL I
too
AUTHORIZING THEIR SALE, AND PROVIDING FOR RELATE
BONDS, 2008 SERIES A IN THE PRINCIPAL AMOUNT OF NOT T
EXCEED $15,105,000 TO FINANCE THE PLANNING, DESIGN, AN
CONSTRUCTION OF SCHOOL CAPITAL IMPROVEMENTS, CONSISTIN,00,
OF THE IMPROVEMENT AND RENOVATION OF THE MIDDLE/HIG
SCHOOL AND THE ELEMENTARY SCHOOL AND TO PAY COSTS
ISSUING THE BONDS, FIXING CERTAIN DETAILS OF SUCH BONDA
(the "Ordinance").
Installments of principal of this Bond are not subject to prepayment at the option of the
City prior to their maturity.
This Bond is transferable as provided in the Ordinance, (i) only upon the bond register of
the City, and (ii) upon surrender of this Bond together with a written instrument of transfer duly
executed by the Registered Owner or the duly authorized attorney of the Registered Owner, and
thereupon a new fully registered Bond or Bonds in the same aggregate principal amount and
maturity shall be issued to the transferee in exchange therefor as provided in the Ordinance and
upon the payment of charges, if any, as therein prescribed. The City may treat and consider the
person in whose name this Bond is registered as the absolute owner hereof for the purpose of
receiving payment of, or on account of, the principal or redemption price, if any, hereof and
interest due hereon and for all other purposes whatsoever.
This Bond is a general obligation of the City and the full faith and credit of the City are
pledged for the payment of the principal of and interest on this Bond as the same shall become
due.
IT IS HEREBY CERTIFIED AND RECITED that all conditions, acts or things required
by the constitution or statutes of the State of Alaska to exist, to have happened or to have been
performed precedent to or in the issuance of this Bond exist, have happened and have been
performed, and that the series of Bonds of which this is one, together with all other indebtedness
of the City is within every debt and other limit prescribed by said constitution or statutes.
IN WITNESS WHEREOF, THE CITY OF DILL1NGHAM, ALASKA, has caused this
Bond to be signed in its name and on its behalf by the manual or facsimile signature of its Mayor
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and its corporate seal (or a facsimile thereof) to be impressed or otherwise reproduced hereon
and attested by the manual or facsimile signature of its Clerk, all as of the 15th day of April
2008.
gayor
ATTEST:
Clerk
/
[SEAL]
For value received, the undersigned sells, assigns and transfers to (print or typewrite
name, address, zip code and Social Security number or other tax identification number of
Transferee)
this Bond and irrevocably constitutes and appoints
attorney to transfer this Bond on the Bond Register, with full power of substitution in the
premises.
Signature Guaranteed:
Notice: The assignor's signature to this assignment must correspond with the name as it appears
upon the face of this Bond.
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