Tab_231UNITED STATES OF AMERICA
STATE OF ALASKA
CITY OF SEWARD
(A Municipal Corporation of the State of Alaska)
NO. RR-1 $1,055,000
HARBOR IMPROVEMENT REVENUE REFUNDING BOND, 2016
REGISTERED OWNER: Alaska Municipal Bond Bank DATED: November 3, 2016
PRINCIPAL AMOUNT: One Million Fifty-Five Thousand and No! 100 Dollars
The City of Seward (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, its registered assigns, the Principal Amount indicated 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 day of
June and December of each year, at the rates per annum as follows:
Principal Installment
Payment Dates Principal Installment Interest
(December 1) Amounts Rates
2017 $200,000 2.00%
2018 200,000 4,00
2,019 210,000 4.00
2020 215,000 4.00
2021 230,000 4.00
This bond is a special limited obligation of the City of Seward, payable solely from Pledged
Revenues of the harbor as the same shall become due. The full faith and credit of the City are not
pledged for the payment of the principal of and interest on this bond.
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 City, dated as of December 1, 2000, as amended on January 1, 2007 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 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
fifteenth 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 the Harbor Improvement Revenue Refunding Bond, 2016 of the City of
Seward, Alaska, aggregating $1,055,000 in principal amount, and constituting the bond authorized
for the purpose of refunding a certain harbor revenue bond issued by the City, and is issued under
Resolution 2016-052 of the City entitled:
A RESOLUTION AUTHORIZING THE CITY OF SEWARD TO ISSUE
HARBOR IMPROVEMENT REVENUE REFUNDING BOND, 2016 IN THE
PRINCIPAL AMOUNT OF NOT TO EXCEED $1,300,000 TO REFUND
CERTAIN OUTSTANDING HARBOR IMPROVEMENT REVENUE
REFUNDING BONDS OF THE CITY, FIXING CERTAIN DETAILS OF SUCH
BOND AND AUTHORIZING THE SALE OF SUCH BOND, AND PROVIDING
FOR RELATED MATTERS
(the "Resolution"),
This bond is not subject to prepayment prior to 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 fior, all other purposes whatsoever.
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 City 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
City, is within every debt and other limit prescribed by said constitution, statutes, or charter,
IN WITNESS WHEREOF, THE CITY OF SEWARD, 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.
ATTEST:
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Jian Bardarsop. Mavçr
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(Form of Assignment)
ASSIGNMENT
FOR VALUE RECEIVED, the undersigned sells assigns and transfers unto
(Please inseii Social Security or taxpayer identification number of transferee)
(Please print or typewrite name and address, including zip code of Transferee)
the within bond and does hereby irrevocably constitute [111(1 appoint , of
01 its successor, as Registrar, to transfer said bond on the hooks kept for
registrr'tion thereof with fill power of substitution in the premises.
Dated:
NOTE: The signature on 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.
Signature Guaranteed:
-3-
UNITED STATES OF AMERICA
STATE OF ALASKA
CITY OF SEWARD
(A Municipal Corporation of the State of Alaska)
(Replacement Bond)
NO. R-1 $190,000
HARBOR IMPROVEMENT REVENUE REFUNDING BONDS, 2007
REGISTERED OWNER: Alaska Municipal Bond Bank DATED: November 3, 2016
PRINCIPAL AMOUNT: One Hundred Ninety Thousand and No/100 Dollars
The City of Seward (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, its registered assigns, the Principal Amount identified above in the following
installment on December, 1 of the year indicated below, and to pay interest on such installment
from the date hereof, or the most recent date to which interest has been paid or duly provided for,
on December 1, 2016:
Year of
Principal Installment Principal Installment Interest
Payment Date Amount Rate
2016 $190,000 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 City, dated as of December 1, 2000, as amended by the Amendatory Loan
Agreement Dated January 1, 2007 (the "Loan Agreement"). In the event that this Bond is no longer
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
fifteenth 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 Harbor Improvement Revenue Refunding Bonds, 2007 of the City
of Seward, Alaska, of like tenor and effect except as to interest rate, serial number and maturity,
aggregating $1,965,000 in principal amount, and constituting the Bonds authorized for the purpose
of refunding certain harbor improvement revenue bonds issued by the City, and is issued under
Resolution 2006428 of the City entitled:
A RESOLUTION AUTHORIZING THE CITY OF SEWARD TO ISSUE
HARBOR IMPROVEMENT REVENUE REFUNDING BONDS, 2007 IN THE
PRINCIPAL AMOUNT OF NOT TO EXCEED $2,650,000 TO REFUND
CERTAIN OUTSTANDING HARBOR IMPROVEMENT BONDS OF THE
CITY, FIXING CERTAIN DETAILS OF SUCH BOND AND AUTHORIZING
THEIR SALE OF SUCH BOND, AND PROVIDING FOR RELATED MATTERS
(the "Resolution"),
This Bond is subject to prepayment prior to maturity as provided in the Loan Agreement.
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 special limited obligation of the City of Seward, payable solely from
Pledged Revenues as the same shall become due. The full faith and credit of the City are not
pledged for the payment of the principal of and interest on the Bond.
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 City 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, statutes, or charter,
IN WITNESS WHEREOF, THE CITY OF SEWARD, 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.
/lean Bardarson, Mayor
4.,
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(Form of Assignment)
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ASSIGNMENT
FOR VALUE RECEIVED, the undersigned 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 does hereby irrevocably constitute and appoint , of
or its successor, as Registrar, to transfer said bond on the books kept for
registration thereof with full power of substitution in the premises.
Dated:
NOTE: The signature on 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,