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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 />TT 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 this Bond a valid and binding general <br />obligation of the City according to its terms, have been done, do exist, have <br />happened and have been performed in regular and due form as so required; that <br />prior to the issuance hereof the City has levied or agreed to levy special assessments <br />on property specially benefited by the Improvement and ad valorem taxes on all <br />taxable property in the City, collectible in the years and amounts required to produce <br />sums not less than 5% in excess of the principal of and interest on the Bonds as such <br />principal and interest respectively become due, and has appropriated the same to the <br />Fund in the manner specified in Minnesota Statutes, Section 429.091, Subdivision 4; <br />that, to take care of any accumulated or anticipated deficiency in the Fund, <br />additional ad valorem taxes are required by law to be levied upon all taxable <br />property in the City without limitation as to rate or amount; and that the issuance of <br />this Bond does not cause the indebtedness of the City to exceed any constitutional or <br />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 the <br />manual signature of a person authorized to sign on its behalf. <br />1N WITNESS WHEREOF, the City of Falcon Heights, Ramsey County, <br />Minnesota, by its City Council, has caused this Bond to be executed by the signatures <br />of the Mayor and the City Clerk and has caused this Bond to be dated as of the date <br />set forth below. <br />Date of Au heirtication: <br />/<~ - <br />ity Clerk Mayor <br />• <br />