Tab_252L. -
UNITED STATES OF AMERICA
No. R1 t,
Y '.L.:: $3,335,000
STATE OF ALASKA
MUNICIPALITY OF SKAGWAY
GENERAL OBLIGATION REFUNDING BOND, 2016
(Amending 2008 General Obligation Bond)
FINAL MATURITY DATE; DECEMBER 1, 2027
INTEREST RATE; SEE BELOW
REGISTERED OWNER; ALASKA MUNICIPAL BOND BANK
PRINCIPAL AMOUNT; THREE MILLION THREE HUNDRED THIRTY-FIVE THOUSAND AND NO/IOU DOLLARS
The Municipality of Skagway, Alaska, a municipal corporation organized and existing under and by virtue of the laws and
Constitution of the State of Alaska (the "Municipality"), hereby acknowledges itself to owe and for value received promises to pay to the
Registered Owner identified above, or registered assigns, the Principal Amount indicated above in accordance with the installment
payment schedule set forth below (unless prepaid prior thereto as provided herein), 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;
Principal Installment Payment Principal Installment Interest
Dates Amounts Rates
06/01/2017 $ 225,000 4.10%
06/01/2018 235,000 6.00
and in the following additional installments on December 1 of each of the following years, together with interest on such installments at
the following rates, payable on December 1, 2016, and semiannually thereafter on the first days of each June and December until such
installments have been paid, or such payment has been duly provided for as follows;
Principal Installment Payment Principal Installment Interest
Dates Amounts Rates
12/01/2016 $ 45,000 2.00%
12/01/2018 230,000 4.00
12/01/2019 240,000 4.00
12/01/2020 250,000 4.00
12/01/2021 260,000 4.00
12/01/2022 270,000 5.00
12/01/2023 285,000 5,00
12/01/2024 300,000 5.00
12/01/2025 315,000 5.00
12/01/2026 330,000 5.00
12/01/2027 350,000 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 Treasurer of the Municipality (the "Registrar") to the
Registered Owner hereof at the address appearing on the records maintained by the Registrar 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
hereof 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 Municipality, as authorized by the voters of the Municipality and issued pursuant
to Ordinance No. OS-li passed by the Assembly on April 3, 2008, as amended by Resolution No. 15-10R, adopted on March 19, 2015
(together with the Bond Ordinance, the "Bond Legislation"), to refund certain outstanding general obligation bonds of the Municipality.
Capitalized terms used in this bond and not otherwise defined herein shall have the meanings given such terms in the Bond Legislation.
This bond is not subject to prepayment prior to its scheduled maturity.
Page 1 of
- ----s-...
-
By the Bond Legislation, the Municipality has irrevocably covenanted that, unless the principal of and interest on this bond are
paid from other sources, it will include in its annual budget and levy property taxes annually, without limitation as to rate or amount, on
all property subject to taxation, amounts sufficient, together with other legally available revenues, to pay such principal and interest as
the same shall become due. The full faith, credit and resources of the Municipality are irrevocably pledged for the annual levy and
collection of such taxes and 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 Legislation.
This bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Bond
Legislation until the Certificate of Authentication hereon shall have 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 ordinances and resolutions of the Municipality, 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 Municipality of Skagway, Alaska, has caused this bond to be signed on behalf of the
Municipality with the manual or facsimile signature of the Mayor, to be attested by the manual or facsimile signature of the Borough
Clerk, and the seal of the Municipality to be imprinted or impressed hereon, as of this November 3, 2016.
MTJNICTPALITY OF SKAGWAY, ALASKA
461 By
Mark Schaefer, Mayor
ATTEST;
Borough Clerk
CERTIFICATE OF AUTHENTICATION
Date of Authentication; November 3, 2016
This is the Municipality of Skagway, Alaska, General Obligation Refunding Bond, 2016, dated November 3, 2016, as
described in the Bond Legislation.
ldevrc)
1
By
er ,
Municipality of Skagway. Alaska, as R trar
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 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.
SIGNATURE GUARANTEED;
Page 2 of 2