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426203v1 SJB LN140 -110 5 Administra tor, provided that all signatures may be printed, engraved or lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of any Bond, that si gnature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligatory for any purpose or entitled to any se curity or benefit under this Resolution unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need no t be signed by the same representative. The executed certificate of authentication on a Bond is conclusive evidence that it has been authenticated and delivered under this Resolution. When the Bonds have been so prepared, executed and authenticated, the City Administrator will deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the application of the purchase price. 2.06. T emporary Bonds . The City may elect to deliver in lieu of printed definitive Bonds one or more typewritten temporary Bonds in substantially the form set forth in EXHIBIT B attached hereto with such changes as may be necessary to reflect more than one matur ity in a single temporary bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be exchanged therefor and cancelled. Section 3. Form of Bond . 3.01. Execution of Bonds . The Bonds will be printed or typewritten in substanti ally the form attached hereto as EXHIBIT B. 3.02. Approving Legal Opinion . The City Administrator is authorized and directed to obtain a copy of the proposed approving legal opinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, which will be c omplete except as to dating thereof and cause the opinion to be printed on or accompany each Bond. Section 4. Payment; Security; Pledges and Covenants . 4.01. Debt Service Fund . The Bonds are payable from the Taxable General Obligation Improvement Bond s, Series 2013A Debt Service Fund (the “Debt Service Fund”) hereby created , and the proceeds of special assessments levied or to be levied (the “Assessments”) for the Improvements described in Section 1.01 together with taxes levied under Section 4.04 here of (the “Taxes”) are hereby pledged to the Debt Service Fund . If a payment of principal or interest on the Bonds becomes due when there is not sufficient money in the Debt Service Fund to pay the same, the Finance Director will pay the principal or intere st from the general fund of the City, and the general fund will be reimbursed for those advances out of the proceeds of Assessments and Taxes when collected . There is hereby appropriated to the Debt Service Fund (i) capitalized interest financed from Bond proceeds, if any; (i i ) any amount over the minimum purchase price of the Bonds paid by the Purchaser , to the extent deposited therein, in accordance with Section 1.03; and (ii i ) the accrued interest paid by the Purchaser upon cl osing and delivery of the B onds . 4.02. Construction Fund . The proceeds of the Bonds, less the appropriations made in Section 4.01 , together with any other funds appropriated for the Improvements and Assessments and Taxes collected during the construction of the Improvements , will be deposited in a separate construction fund (the “Construction Fund ”) to be used solely to defray expenses of the Improvements and the payment of principal and interest on the Bonds prior to the completion and payment of all costs of the Improvement s . A ny balance remaining in the C onstruction F und after completion of the Improvements