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of other authorized denominations. Upon such transfer or exchange, the .City will <br />cause a new Bond or Bonds to be issued in the name of the transferee or registered <br />owner, of the same aggregate principal amount, bearing interest at the same rate and <br />maturing on the same date, subject to reimbursement for any tax, fee or <br />governmental charge required to be paid with respect to such transfer or exchange. <br />• <br />The City and the Bond Registrar may deem and treat the person in <br />whose name this Bond is registered as the absolute owner hereof, whether this <br />Bond is overdue or not, for the purpose of receiving payment and for all other <br />purposes, and neither the City nor the Bond Registrar shall be affected by any notice <br />to the contrary. <br />IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED <br />that all acts, conditions and things required by the Constitution and laws of the State <br />of Minnesota to be done, to exist, to happen and to be performed precedent to and in <br />the issuance of this Bond in order to make it a valid and binding general obligation <br />of the City according to its terms have been done, do exist, have happened and have <br />been performed as so required; that prior to the issuance hereof the City has pledged <br />and appropriated to a sinking fund established for the payment of the Bonds tax <br />increments to be derived by the City from the Districts; that, if necessary for the <br />payment of principal and interest on the Bonds, ad valorem taxes are required to be <br />levied upon all taxable property in the City, which levy is not limited as to rate or <br />amount; and that the issuance of this Bond does not cause the indebtedness of the <br />City to exceed any constitutional or statutory limitation. <br />This Bond shall not be valid or become obligatory for any purpose or be <br />entitled to any security or benefit under the Resolution until the Certificate of <br />Authentication hereon shall have been executed by the Bond Registrar by manual <br />signature of the Bond Registrar, or in the event the City Clerk is no longer acting as <br />Bond Registrar, by one of the authorized representatives of the Bond Registrar.. <br />IN WITNESS WHEREOF, the City of Falcon Heights, Ramsey County, <br />State of Minnesota, by its City Council, has caused this Bond to be executed by the <br />signatures of the Mayor and the City Clerk and sealed with the official seal of the <br />City and has caused this Bond to be dated as of the date set forth below. <br />Date uthenticati n: <br />City Clerk <br />~~ <br />/GI't~ ic- <br />Mayor <br />(SEAL) <br />• <br />-5- <br />