Tab_274TRUSTEE'S RECEIPT OF BONDS FOR REGISTRATION, AUTHENTICATION AND
FOR SAFEKEEPING FOR DTC; RECEIPT OF DOCUMENTS; AND RECEIPT AND
APPLICATION OF PROCEEDS
ALASKA MUNICIPAL BOND BANK
$80,435,000 GENERAL OBLIGATION AND REFUNDING BONDS
2016 SERIES THREE
AND
$29,400,000 GENERAL OBLIGATION AND REFUNDING BONDS
2016 SERIES FOUR
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the
"Trustee") under the General Bond Resolution of the Alaska Municipal Bond Bank (the "Bank")
adopted July 13, 2005 (as amended, the "General Bond Resolution"), HEREBY CERTIFIES as
follows:
1. Prior to or simultaneously with the delivery on this day of $80,435,000 aggregate
principal amount of the Bank's General Obligation and Refunding Bonds, 2016 Series Three (the
"2016 Series Three Bonds") and $29,400,000 aggregate principal amount of the Bank's General
Obligation and Refunding Bonds, 2016 Series Four (the "2016 Series Four Bonds" and together
with the 2016 Series Three Bonds, the "Bonds"), there were delivered to the undersigned:
(a) Pursuant to Section 203(C)(1) and Section 1003 of the General Bond
Resolution, Counsel Opinions in respect of the General Bond Resolution, Resolution No. 2016-
05 (the "Series Resolution") and the Bonds.
(b) Pursuant to Section 203(C)(2) of the General Bond Resolution, the written
order of the Bank, signed by an Authorized Officer, describing the Bonds to be authenticated and
delivered, designating the underwriters to whom the Bonds of each series are to be delivered and
stating the purchase price of the Bonds of each series.
(c) Pursuant to Section 203(C)(3) of the General Bond Resolution, a copy of
the Series Resolution, certified by an Authorized Officer of the Bank.
(d) Pursuant to Section 203(C)(4) of the General Bond Resolution, the
certificate of the Bank, signed by an Authorized Officer and stating that the Bank is not in
default in the performance of any of the covenants, conditions, agreements or provisions
contained in the General Bond Resolution.
(e) In connection with the portions of the Bonds that are Refunding Bonds,
the instructions required by Section 204 of the General Bond Resolution.
(f) Pursuant to Section 502(B) of the General Bond Resolution, the
Requisition and Certificate of the Bank, signed by an Authorized Officer and stating, among
other things, that to the Bank's knowledge, none of the Governmental Units named therein is in
default under any of the terms or provisions of its 2016 Series Three and Four Loan Agreements.
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2. The undersigned has received the two Financial Guaranty Insurance Policies (the
"Policies"), the endorsement to the Surety Policy and all of the documents, opinions, certificates
and other instruments required under applicable provisions of Sections 203, 204, 502(B) and
1003 of the General Bond Resolution as conditions precedent to the Trustee's authentication and
delivery of the Bonds thereunder and the transactions with the Governmental Units listed in
Paragraph 7.
3. The Trustee has authenticated the 2016 Series Three Bonds by manually
executing on each of the 2016 Series Three Bonds a certification in the following form:
TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the General Obligation and Refunding Bonds, 2016 Series
Three of the Alaska Municipal Bond Bank described in the within mentioned
Resolutions.
THE BANK OF NEW YORK MELLON TRUST
Date of Authentication: COMPANY, NA., as Trustee
November 3, 2016
Authorized Officer
4. The Trustee has authenticated the 2016 Series Four Bonds by manually executing
on each of the 2016 Series Four Bonds a certification in the following form:
TRUSTEE'S CERTIFICATE OF AUTHENTICATION
This Bond is one of the General Obligation and Refunding Bonds, 2016 Series
Four of the Alaska Municipal Bond Bank described in the within mentioned
Resolutions.
THE BANK OF NEW YORK MELLON TRUST
Date of Authentication: COMPANY, NA., as Trustee
November 3, 2016
Authorized Officer
5. Each of the authentication certificates was signed by an officer of the Trustee duly
authorized to execute said certificates and to perform such other acts as were necessary or
incidental thereto.
6. An authorized officer of the Trustee has examined the form of the Bonds as
authenticated and delivered by it and found the same to be substantially in the form prescribed by
the Series Resolution.
7. On the date hereof, the undersigned caused the 2016 Series Three Bonds, duly
authenticated, to be delivered by Fast Automated Securities Transfer to RBC Capital Markets,
LLC on its own behalf and on behalf of Merrill Lynch, Pierce, Fenner & Smith Incorporated or
to their designee, The Depository Trust Company.
8. On the date hereof, the undersigned caused the 2016 Series Four Bonds, duly
authenticated, to be delivered by Fast Automated Securities Transfer to RBC Capital Markets,
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LLC on its own behalf and on behalf of Goldman, Sachs & Co. or to their designee, The
Depository Trust Company.
9. At or prior to the time of said delivery of the Bonds, the Trustee received the
Municipal Bonds, issued by the Governmental Units described in Appendix A attached hereto.
10. The officer executing this certificate on behalf of the Trustee is the duly
authorized officer of the Trustee having primary responsibility for the administration of the trust
created by the General Bond Resolution.
11. The Trustee has received as payment for the 2016 Series Three Bonds the sum of
$89,379,966.58, representing the principal amount of the 2016 Series Three Bonds
($80,435,000.00), plus net original issue premium of $9,180,555.75 and less underwriters'
discount of $235,589.17 and confirms that such proceeds, together with the other amounts
provided to the Trustee, have been applied in accordance with the instructions delivered to the
Trustee.
12. The Trustee has received as payment for the 2016 Series Four Bonds the sum of
$33,419,535.65, representing the principal amount of the 2016 Series Four Bonds
($29,400,000.00), plus original issue premium of $4,118,869.55 and less underwriters' discount
of $99,333.90 and confirms that such proceeds, together with the other amounts provided to the
Trustee, have been applied in accordance with the instructions delivered to the Trustee.
13. As directed and instructed by the Bank, the Trustee shall use a portion of the
proceeds of the 2016 Series Four Bonds, together with other available funds, to defease all or a
portion of the Bank's outstanding 2006 Series Two Bonds and a portion of the 2016 Series Three
Bonds to defease all or a portion of the 2007 Series One Bonds, 2007 Series Two Bonds, 2007
Series Three Bonds, 2007 Series Five Bonds, 2008 Series One Bonds, 2008 Series Two Bonds
and 2009 Series One Bonds.
14. The Trustee (a) confirms receipt of the endorsement to the Surety Policy and
confirms that including the face amount of the Surety Policy, amounts credited to the Reserve
Fund satisfy the Required Debt Service Reserve as defined in the General Bond Resolution and
(b) confirms receipt of the Policies.
Capitalized terms not defined herein shall be as defined in the General Bond Resolution
and/or in the Series Resolution.
[SIGNATURE PAGE FOLLOWS]
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IN WITNESS WHEREOF, The Bank of New York Mellon Trust Company, N.A., as
Trustee, has caused this certificate to be executed and delivered by a duly authorized officer this
3rd day of November 2016.
THE BANK OF NEW YORK MELLON
TRUST COMPANY, NA., as Trustee
By:___ ____
Authorized Officer