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• <br />• <br />• <br />Name and Address: <br />(Include information for all joint owners if this <br />Bond is held by joint account.) <br />Please insert social security or other <br />identifying number of assignee <br />PROVISIONS AS TO REGISTRATION <br />The ownership of the principal of and interest on the within Bond has been registered on <br />the books of the Registrar in the name of the person last noted below. <br />Date of Registration <br />Signature of <br />Registered Owner Officer of Registrar <br />Cede & Co. <br />Federal ID #13- 2555119 <br />3.02. The Acting City Administrator is authorized and directed to obtain a copy of the <br />proposed approving legal opinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, <br />which is to be complete except as to dating thereof and cause the opinion to be printed on or <br />accompany each Bond. <br />Section 4. Payment; Security; Pledges and Covenants. <br />4.01. (a) The Bonds are payable from the General Obligation Improvement <br />and Utility Revenue Refunding Bonds, Series 2010A Debt Service Fund ( "Debt Service <br />Fund ") hereby created. The City shall maintain an "Improvements Account" and a "Utility <br />Revenue Account" in the Debt Service Fund. The net revenues ( "Net Revenues ") of the City <br />water utility system and special assessments ( "Assessments ") levied for the improvements <br />fmanced by a portion of the Refunded Bonds, together with ad valorem taxes levied <br />hereunder, are hereby pledged to the respective accounts of Debt Service Fund as further <br />described in this Section. Amounts in the Utility Revenue Account are irrevocably <br />pledged to the Utility Revenue Refunding Bonds portion of the Bonds, and amounts in the <br />Improvements Account are irrevocably pledged to the Improvement Refunding Bonds <br />portion of the Bonds. <br />367721v1 SJB LN140 -106 <br />