Tab_166aInstallments of principal of this 2016A Bond due on and after December 1, 2028 shaH be
subject-to ' prepayment on and after December 1, 2026, at the option of the City, (subject to any.'
applicable provisions of the Loan' Agreement), in such principal amounts. and from such
maturities as the City 'may determine, and by lOt within a maturity, at a redemption price equal to
the principal amount to be prepaid, plus accrued interest to the date of prepayment.
This 2016A Bond is transferable as provided in the Series Resolution (hereinafter
defined), (i) ottly upon the bond' register of the City, ahd (ii) upon' surrender of this 201 6A Bond
together with a written instrunterit of transfer duly execrited by' the Registered Owner. or the duly
authorized 'attorney of the Registered Owner, andthereupbn.a new fully 'registered' 2016A Bond
'or Bonds, in the same aggregate principal amount and maturity shall be issued to: the transferee in.
exchange therefor as provided in the Series Resolution and upon the payment of charges, if any,
'as therein prescribed.. The City may treat and consider the person. in whose name this 201 6A
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 201'6A Bond is a special obligation of the City and is one of a duly authorized issue
of Bonds of the City designated "City of Kodiak, Alaska, Boat Lift Special Facility Revenue
Bonds" :(the "Bonds"); issued and to be Jssued in various series under Resolution ,Nutuber 0732.
(the "Master Resolution" ), adopted October 25, 2007, and a Series Resolution authorizing each
such series As provided in the Master Resolution, the Bonds may be issued from time to time
pursuant to Senes Resolutions in one or more series, in, various pnncipal amounts, may, mature at
different times, may bear interest at different rates and, subject to the provisions thereof, may
'otherwiseVary. The aggregate principal amount'ofBônds which may be issued i.nder, the Master
Resolution is not limited, and all Bonds issued and to be issued under said Master Resolution are
and will be equally , 'and rátablysecured by the pledges and covenants made therein, except as
otherwise expressly provided or permitted in the Master Resolution..
This 201 6A Bond is one of a series of Bonds issued in the aggregate principal amount of
$3,485,000 under the Master 'Resolution aitd Resolution Number '20163l(SUB)' (the "Series
ResolutiOn"), adopted September 22, 20 16 fbr the. purpose of refunding certain boat lift special
facility 'revenue.,bonds issued by the City
This 2016A Bond shall be an' obligation' only of the, 201 6A Bond Fund. and shall be
payable and secured as provided in the Master Resolution and the Series Resolution Neither the
faith and credit nor the: taxing power of the City is pledged for the payment of the 2016A Bonds.
The City has pledged to pay into the 2016A, Bond 'Fund from Net Revenue Or money in ,the Boat
Lift Special Facility Revenue Fund, on or prior to., the respective dates on which the same
become due, such amounts as are required to pay the interest, and principal to become due on this
2016A Bond. Said amounts so pledged are 'hereby declared, to be alien and charge upon Gross
.Revenue superior to. all other charges of, any, kind or nature whatsoever, except for Operating
Expenses and except that the amounts so pledged are of equal lien to any lien and charge thereon
which' may .hereafter be made to pay and secure the payment of the principal of and interest on
any Parity Bonds. '
IT IS HEREBY CERTIFIEDand declared that this 2016A Bod is issued pursuant to and