Resolutions-2017-122

(Form of Bond) UNITED STATES OF AMERICA STATE OF IOWA JOHNSON COUNTY CITY OF TIFFIN GENERAL OBLIGATION CORPORATE PURPOSE BOND, SERIES 2017A No. ______ RATE MATURITY DATE BOND DATE CUSIP ____% June 1, 20___ December 20, 2017 886561 _____ The City of Tiffin (the “City”), in Johnson County, State of Iowa, for value received, promises to pay on the maturity date of this Bond to Cede & Co. New York, New York or registered assigns, the principal sum of THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of Bankers Trust Company, Des Moines, Iowa (hereinafter referred to as the “Registrar” or the “Paying Agent”), with interest on said sum, until paid, at the rate per annum specified above from the date of this Bond, or from the most recent interest payment date on which interest has been paid, on June 1 and December 1 of each year, commencing June 1, 2018, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date, and shall be paid to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds, Series 2017A (the “Bonds”) issued by the City to evidence its obligation under a certain loan agreement, dated as of December 20, 2017 (the “Loan Agreement”), entered into by the City for the purposes paying the costs, to that extent, of constructing street, water system, storm water drainage, sanitary sewer system and sidewalk improvements; installing street lighting and street signalization; acquiring real estate for public uses, including fire protection services; constructing parking improvements for the municipal baseball and soccer recreational facilities; and constructing recreation trails.