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IflT1T1 Li nzumr i LIJIJJ IJI 1 (I1IIfiI 1111)1 W'U
The Petersburg Borough (the "Borough"), 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
2016 $ 5,000.00 2.00% 2022 $65,000.00 5.00%
2017 55,000.00 2.00 2023 70,000.00 5.00
2018 60,000.00 4.00 2024 70,000.00 5.00
2019 60,000.00 4.00 2025 75,000.00 5.00
2020 65,000.00 4.00 2026 80,000.00 5.00
2021 65,000.00 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 Petersburg dated as of January 1, 2007, as amended by the
Amendatory Loan Agreement between the Bond Bank and the Borough 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.
This Bond is one of the Service Area 1 General Obligation Refunding Bonds, 2016 Series A of
the Petersburg Borough, Alaska, of like tenor and effect except as to interest rate, serial number and
maturity, aggregating $670,000 in principal amount, and constituting Bonds authorized for the
purpose of refunding certain general obligation bonds issued by the former City of Petersburg,
and is issued under Resolution # 2016-22 of the Borough entitled:
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(the "Resolution').
Installments of principal of this Bond shall not be subject to prepayment at the option of
the Borough prior to maturity.
This Bond is transferable as provided in the Resolution, (i) only upon the bond register of
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 Petersburg Borough Service Area 1 and the full faith
and credit of Service Area 1 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 and the home rule charter 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 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, statutes or charter.
IN WITNESS WHEREOF, THE PETERSBURG BOROUGH, 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 3 day of
November, 2016.
Mayor
ATTEST:
LNJ ram
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.
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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