Tab_145UNITED STATES OF AMERICA
R-1
$1,765,000
STATE OF ALASKA
CITY OF KETCHIKAN
GENERAL OBLIGATION BOND, 2016 (HARBOR IMPROVEMENTS)
FINAL MATURITY DATE: DECEMBER 1, 2035
INTEREST RATE: SEE BELOW
REGISTERED OWNER: ALASKA MUNICIPAL BOND BANK
PRINCIPAL AMOUNT: ONE MILLION SEVEN HUNDRED SIXTY-FIVE THOUSAND AND NO/i 00 DOLLARS
The City of Ketchikan, Alaska (the "City"), a municipal corporation organized and existing under and by virtue of its charter
and the laws and Constitution 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 specified above, in installments payable as set forth
below, together with interest on such installments from the date hereof or the most recent date to which interest has been paid or duly
provided for, at the interest rates set forth below, on December 1, 2016, and on each June 1 and December 1 thereafter until payment of
Principal Installment Payment
Year Principal Installment Interest
(December 1) Amount Rate
2017 $ 55,000 3,00%
2018 60,000 5.00
2019 65,000 5.00
2020 65,000 5.00
2021 70,000 5.00
2022 75,000 5.00
2023 75,000 5.00
2024 80,000 5.00
2025 85,000 5.00
2026 90,000 5.00
2027 95,000 5.00
2028 100,000 5,00
2029 105,000 5,00
2030 110,000 5.00
2031 115,000 5.00
2032 120,000 5.00
2033 125,000 5.00
2034 135,000 5.00
2035 140,000 5.00
Both principal of and interest on this bond are payable in lawful money of the United States of America. Installments of
principal of and interest on this bond are payable by check or draft of the Finance Director of the City (the "Registrar") mailed on the
date such interest is due to the Registered Owner at the address appearing on the Bond Register as of the fifteenth day of the month
preceding the interest payment date. The final installment of principal of and interest on this bond shall be paid to the Registered Owner
upon presentation and surrender of this bond at the office of the Registrar. Notwithstanding the foregoing, so long as the Bond Bank is
the Registered Owner of this bond, payments of principal of and interest on this bond shall be made to the Bond Bank in accordance with
the Loan Agreement.
This bond is a general obligation bond of the City, as authorized by Ordinance No. 12-1697 of the City, which was approved
by the voters of the City, and issued pursuant to Resolution No. 16-2635, adopted by the City Council on September 15, 2016 (the "Bond
Resolution"), to finance capital improvements to harbor facilities of the City. Capitalized terms used in this bond and not otherwise
defined herein have the meanings given those terms in the Bond Resolution.
Principal installments of this bond are subject to prepayment as provided in the Loan Agreement,
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The City hereby irrevocably covenants that, unless the principal of and interest on this bond are paid from charges for harbor
services, raw fish tax revenues, or other sources, it will make annual levies of property taxes without limitation as to rate or amount, and
in amounts sufficient, together with other legally available funds, to pay such principal and interest as the same becomes due. The full
faith, credit and resources of the City are hereby irrevocably pledged for the annual levy and collection of such property taxes and for the
prompt payment of such principal and interest.
The pledge of tax levies for payment of principal of and interest on this bond may be discharged prior to maturity of the bond
by making provision for the payment thereof on the terms and conditions set forth in the Bond Resolution.
This bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Bond
Resolution until the Certificate of Authentication hereon has been manually signed by the Registrar.
It is hereby certified and declared that this bond is issued pursuant to and in strict compliance with the Constitution and laws
of the State of Alaska and the charter, ordinances, and resolutions of the City, that all acts, conditions and things required to be done
precedent to and in the issuance of this bond have happened, been done and performed, and that this bond does not exceed any
Constitutional or statutory limitations.
IN WITNESS WHEREOF, the City of Ketchikan, Alaska, has caused this bond to be signed on behalf of the City with the
manual or facsimile signature of the Mayor, attested by the manual or facsimile signature of the Clerk, and the seal of the City to be
imprinted or impressed hereon, as of this 3' day of November, 2016.
CITY OF KETCHIKAN, ALASKA
By
ATTEST:
Clerk
CERTIFICATE OF AUTHENTICATION
Date of Authentication: November 3, 2016
This is the City of Ketchikan, Alaska, General Obligation Bond, 2016 (Harbor Improvements), dated November 3, 2016, as
described in the Bond Resolution,
Finance Director, City of Ketchikan, Alaska, as Registrar
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ASSIGNMENT
FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
PLEASE INSERT SOCIAL SECURITY OR TAXPAYER IDENTIFICATION NUMBER OF TRANSFEREE
(Please print or typewrite name and address, including zip code of Transferee)
the within bond and all rights thereunder and does hereby irrevocably constitute and appoint
______ of , or its successor, as agent to transfer said bond on
the books kept by the Registrar for registration thereof, with full power of substitution in the premises.
DATED:
SIGNATURE GUARANTEED:
NOTE: The signature of this Assignment must correspond
with the name of the Registered Owner as it appears upon the
face of the within bond in every particular, without alteration
or enlargement or any change whatever.
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