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[Face of the Bonds] <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF FALCON HEIGHTS <br />GENERAL OBLIGATION IMPROVEMENT BONDS OF 1990 <br />Date of <br />Interest Rate Maturity Original Issue SIP <br />February 1, 1990 <br />SEE REVERSE <br />FOR CERTAIN <br />DEFINITIONS <br />REGISTERED OWNER: <br />PRINCIPAL AMOUNT: <br />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, or registered assigns, the principal amount specified <br />above, on the maturity date specified above, with interest <br />thereon from the date of original issue specified above, or <br />from the most recent interest payment date to which interest <br />has been paid or duly provided for, at the annual rate <br />specified above. Interest hereon is payable on February 1 and <br />August 1 in each year, commencing August 1, 1990, to the person <br />in whose name this Bond is registered at the close of business <br />on the 15th day (whether or not a business day) of the <br />immediately preceding month, all subject to the provisions <br />referred to herein with respect to the redemption of the <br />principal of this Bond before maturity. The interest hereon <br />and, upon presentation and surrender hereof at the principal <br />office of the Bond Registrar hereinafter designated, the <br />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.Bond Registrar, <br />Transfer Agent and Paying Agent (the Bond Registrar), or its <br />successor designated under the Resolution described herein. <br />• <br />-3- <br />