Tab_123• UNITED STATES OF AMERICA
STATE OF ALASKA,
KENAI PENINSULA BOROUGH
(A Municipal Corporation of the State of Alaska)
NO-1 $21 660,000
• . . SOUTH KENAI PENINSULA HOSPITAL SERVICE AREA
•
.
. . . GENERAL OBLIGATION REFUNDING BOND, 2016
REGISTERED OWNER: Alaska Municipal Bond Bank DATED: November 31 2016
PRINCIPAL AMOUNT: Two Million Six Hundred Sixty Thousand and No/100 Dollars
The Kenai Peninsula Borough, Alaska (the "Borough"), a municipal corporation of
the State of Alaska, hereby acknowledges itself to owe and for value received promises
to pay, I to the Registered Owner set forth . above, or its registered assigns,. the Principal
Amount set forth above in accordance with the installment payment schedule set forth
below, together with interest in such installments from the date hereof, or the most recent
date to which interest has been paid or duly provided for, payable on December 1, 2016,
and semiannually thereafter on June 1 and December 1 of each year, at the rates per
annum as follows:
Principal Installment .
• Payment Dates • • • Principal Installment Interest
(Decemberl) • Amounts • • Rates
2016 • $20,000 • • 2.00% •
2020 6201 000 4.00
2021 645,000 4.00.
2022 670,000 5.00
2023 705,000 5.00
For so long as 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 Borough dated as of September 1, 2003, as
amended on April 1; 2007, September 1, 2011 and October 18, 2016 (collectively, the
"Loan Agreement"). In the event that this bond is no longer owned by the Bond Bank,
installments of principal of 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 of and interest on this bond will be payable upon presentation and surrender
of this bond by the Registered Owner at the office of the Registrar. Interest shall be
computed on the basis of a 360-day year composed 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.
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This bond is the South Kenai Peninsula Hospital Service Area General Obligation
Refunding Bond, 2016 of the Kenai Peninsula Borough, Alaska, authorized for the
purpose of refunding certain South Kenai Peninsula Hospital Service Area General
Obligation Refunding Bond, 2007, and is issued under Resolution 2016-046 of the
Borough entitled:
A RESOLUTION AUTHORIZING THE KENAI PENINSULA BOROUGH TO
ISSUE ITS. SOUTH KENAI PENINSULA HOSPITAL 'SERVICE AREA
• GENERAL OBLIGATION REFUNDING BOND. IN THE PRINCIPAL . .
AMOUNT: NOT TO,. EXCEED $3,000,000 TO:-, REFUND CERTAIN'
OUTSTANDING SOUTH KENAI PENINSULA HOSPITAL SERVICE AREA :
GENERAL OBLIGATION BONDS OF.THE BOROUGH, FIXING CERTAIN .
DETAILS OF SUCH BOND AND AUTHORIZING THE SALE OF SUCH.
BOND, AND PROVIDING FOR RELATED MATTERS;.
(the "Resolution"). • ,. . , . . ' .
Reference is hereby made to the Resolution and any , resolution supplemental
thereto for, a description of the rights of the Registered .Owner and of the . rights and
obligations of the Borough thereunder, to all of the provisions of which the Registered
Owner,. by acceptance'of this bond, assents and agrees..
This bond is not subject to prepayment or to maturity
This bond is transferable as provided.. in the Resolution (i)only upon the Bond
Register .and (ii) upon surrender of this bond togetherwith a written' instrument of transfer.
duly executed by the Registered Owner or the duly. authorized attorney of the Registered
Owner, and thereupon a nOw fully registered Bond shall.be issued to the transferee in
exchange therefor as provided intheResolutionand'tjp.on the payment of charges,. if any,
as therein prescribed. The Borough ,and. the Registrar may treat and' consider the person
in,Whose-name this bond is registered as 'the absolute owner.hereof for the purpose.of
receiving pàyment'of, or on account of, the principal hereof and interest hereon and for
all other purposes whatsoever
This bond is a.direct and general obligation of the South Kenai Peninsula Hospital
Service Area, and the fUll faith and credit of the South Kenal Peninsula Hospital Service
Area are pledged to the payment of the principal of and interest on this bond. The Borough
has irrevocably pledged and covenanted that it will levy and collect taxes upon all taxable
property within the South Kenai Peninsula Hospital Service Area without limitation as to
rate or amount, in amounts sufficient, together with other funds legally available therefor,
to pay the principal of and interest on this bond as the same become due and payable.
IT IS HEREBY CERTIFIED AND RECITED that all conditions, acts or things
required by the constitution or statutes of the State of Alaska or the ordinances or
resolutions of the Borough .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 this bond, together with all other indebtedness of the Borough, is
within every debt and other limit prescribed by said constitution, statutes, ordinances or
resolutions.
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IN WITNESS WHEREOF, THE KENAI PENINSULA BOROUGH, ALASKA, has
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(Form of Assignment)
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned sells assigns and transfers unto
in
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This Bond is one of the South Kenai Peninsula Hospital Service Area General
Obligation Refunding Bonds, 2007 of the Kenai Peninsula Borough, Alaska of like tenor
and effect except as to interest rate, serial number and maturity, aggregating $3,080,000
in principal amount, and constituting bonds authorized for the purpose of refunding prior
bonds issued .to pay the cost of hospital capital improvements in the Borough, and is
issued under Resolution 2006-096 of the Borough entitled:
A..RESOLUTION AUTHORIZING THE KENAI PENINSULA BOROUGH TO
ISSUE SOUTH KENAI PENINSULA_ HOSPITAL SERVICE AREA
GENERAL OBLIGATION REFUNDING BONDS, 2007, IN THE PRINCIPAL
AMOUNT OF NOT-TO-EXCEED $3,425,000 TO REFUND CERTAIN
OUTSTANDING GENERAL OBLIGATION BONDS OF THE BOROUGH,
• FIXING CERTAIN DETAILS . OF. SUCH BONDS, AUTHORIZING THEIR.
SALE., AND PROVIDING FOR RELATED MATTERS.
(herein called the "Resolution"). . .• .
The Bond is subject to redemption .prior to maturity as described in the Loan
Agreement. .. . . . . . . . .
This Bond is transferable as provided in the Resolution, (i) only upon the bond
registerof the. Borough, 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 Borough 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 South Kenai Peninsula Hospital Service
Area, and the full faith and credit of the South Kenai Peninsula Hospital Service Area are
pledged for the payment of the principal of and interest on the 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 Borough, is within every debt and other limit
prescribed by said constitution or statutes.
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-3-
(Form of Assignment)
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned sells assigns and transfers unto
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