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R- <br />COUNCIL MEETING <br />October 15, 1985 <br />Page -10- <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />ANOKA COUNTY <br />CITY OF LINO LAKES <br />$1,850,000 <br />GENERAL OBLIGATION TEMPORARY IMPROVEMENT <br />BOND, SERIES 1985 <br />INTEREST MATURITY DATE OF <br />RATE DATE ORIGINAL ISSUE CUSIP <br />% PER ANNUM November 1, 1985 <br />REGISTERED OWNER: <br />PRINCIPAL, AMOUNT: <br />KNOW ALL PERSONS BY THESE PRESENTS that the City of <br />Lino Lakes, Anoka County, Minnesota (the "Issuer "), certifies <br />that it is indebted and for value received promises to pay to <br />the registered owner specified above, or registered assigns,' in <br />the manner hereinafter set forth, the principal amount <br />specified above, on the maturity date specified above, unless <br />called for earlier redemption, and to pay interest thereon <br />semiannually on May 1 and November 1 of each year (each, an <br />"Interest Payment Date ") commencing May 1, 1986 at the rate per <br />annum specified above (calculated on the basis of a 360 -day <br />year of twelve 30 -day months) until the principal sum is paid <br />or has been provided for. This Bond will bear interest from <br />the most recent Interest Payment Date to which interest has <br />been paid or, if no interest has been paid, from the date of <br />original issue hereof. The principal of and premium, if any, <br />on this Bond are payable upon presentation and surrender hereof <br />at the principal office of <br />a duly organized and <br />validly existing under the laws of <br />(the "Bond Registrar "), acting as paying agent, or any <br />successor paying agent duly appointed by the Issuer. Interest <br />on this Bond will be paid on each Interest Payment Date by <br />check or draft mailed to the person in whose name this Bond is <br />registered (the "Holder" or "Bondholder ") on the registration <br />books of the Issuer maintained by the Bond Registrar and at the <br />1 <br />145 <br />