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Authentication. This Bond shall not be valid or become obligatory for any purpose or be <br />entitled to any security unless the Certificate of Authentication hereon shall have been executed <br />by the Bond Registrar, <br />Qualified Tax -Exempt Obligation. This Bond has been designated by the Issuer as a <br />"qualified tax-exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue <br />Code of 1986, as amended. <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br />required by the Constitution and laws of the State of Minnesota to be done, to happen and to be <br />performed, precedent to and in the issuance of this Bond, have been done, have happened and <br />have been performed, in regular and due form, time and manner as required by law, 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 REGISTRARS <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 />7098455v1 <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 />10 <br />