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Resolution, adequate to pay all principal and interest when due on the System Revenue Portion <br />of the Bonds; and that the Issuer will levy a direct, annual, irrepealable ad valorem tax upon all <br />of the taxable property of the Issuer, without limitation as to rate or amount, for the years and in <br />amounts sufficient to pay the principal and interest on System Revenue Portion of the Bonds as <br />they respectively become due, if the net revenues from the System, and any other sums <br />irrevocably appropriated to the Debt Service Account are insufficient therefor; and that this <br />Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof <br />and the date of its issuance and delivery to the original purchaser, does not exceed any <br />constitutional or statutory limitation of indebtedness. <br />IN WITNESS WHEREOF, the City of Little Canada, Ramsey County, Minnesota, by its <br />City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its <br />Mayor and its Administrator, the corporate seal of the Issuer having been intentionally omitted as <br />permitted by law. <br />Date of Registration: Registrable by: BOND TRUST SERVICES <br />CORPORATION <br />BOND REGISTRAR'S <br />CERTIFICATE OF <br />AUTHENTICATION <br />This Bond is one of the Bonds <br />described in the Resolution <br />mentioned within. <br />Bond Trust Services Corporation <br />Roseville, Minnesota, <br />Bond Registrar <br />By <br />Authorized Signature <br />5962970v1 <br />Payable at: BOND TRUST SERVICES <br />CORPORATION <br />CITY OF LITTLE CANADA, <br />RAMSEY COUNTY, MINNESOTA <br />/s/ Facsimile <br />Mayor <br />/s/ Facsimile <br />Administrator <br />11 <br />