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[Face of the Notes] <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF FALCON HEIGHTS <br />GENERAL OBLIGATION CAPITAL NOTE OF 1990 <br />Date of <br />Rate Maturity Original Issue IP <br />February 1, 1990 <br />REGISTERED OWNER: SEE REVERSE FOR <br />CERTAIN DEFINITIONS <br />PRINCIPAL AMOUNT: DOLLARS <br />THE CITY OF FALCON HEIGHTS, Ramsey County, Minnesota <br />(the City), acknowledges itself to be indebted and, for value <br />received, hereby promises to pay to the registered owner named <br />above, the principal amount specified above, on the maturity <br />date specified above, with interest thereon from the date of <br />original issue specified above, or the most recent interest <br />payment date to which interest has been paid or duly provided <br />for, at the annual rate specified above. Interest hereon is <br />payable on February 1 and August 1 in each year, commencing <br />August 1, 1990, to the person in whose name this Note is <br />registered at the close of business on the 15th day (whether or <br />not a business day) of the immediately preceding month. The <br />interest hereon and, upon presentation and surrender hereof, <br />the principal hereof are payable in lawful money of the United <br />States of America by check or draft of American National Bank <br />and Trust Company, in St. Paul, Minnesota, as Note Registrar, <br />Transfer Agent and Paying Agent (the Note Registrar), or its <br />successor designated under the Resolution described herein. <br />Additional provisions of this Note are contained on <br />the reverse hereof and such provisions shall for all purposes <br />have the same effect as though fully set forth hereon. <br />• <br />