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• chosen by lot by the Registrar. All prepayments shall be at a price of par plus <br />accrued interest. <br />• <br />The City Council has designated the Bonds as "qualified tax exempt obliga- <br />tions" within the meaning of Section 265(b)(3) of the Internal Revenue Code of <br />1986, as amended (the Code) relating to disallowance of interest expense for <br />financial institutions and within the $10 million limit allowed by the Code for <br />the calendar year of issue. <br />Additional provisions of this Bond are contained on the reverse hereof and <br />such provisions shall for all purposes have the same effect as though fully set <br />forth in this place. <br />This Bond shall not be valid or become obligatory for any purpose or be <br />entitled to any security or benefit under the Resolution until the Certificate <br />of Authentication hereon shall have been executed by the Bond Registrar by <br />manual signature of one of its authorized representatives. <br />IN WITNESS WHEREOF, the City of Lino Lakes, Anoka County, Minnesota, by its <br />City Council, has caused this Bond to be executed on its behalf by the facsimile <br />signatures of the Mayor and City Clerk- Treasurer and has caused this Bond to be <br />dated as of the date set forth below. <br />Dated: <br />CITY OF LINO LAKES, MINNESOTA <br />(facsimile) (facsimile) <br />City Clerk - Treasurer Mayor <br />CERTIFICATE OF AUTHENTICATION <br />This is one of the Bonds delivered pursuant to the Resolution mentioned <br />within. <br />By <br />Authorized Representative <br />[Reverse of the Bond] <br />This Bond is one of an issue in the aggregate principal amount of <br />$1,160,000 all of like original issue date and tenor, except as to number, <br />maturity date, redemption privilege, and interest rate, all issued pursuant to a <br />resolution adopted by the City Council on October 3, 1988 (the Resolution), for <br />the purpose of providing money to defray the expenses incurred and to be in- <br />curred in making local improvements, pursuant to and in full conformity with the <br />Constitution and laws of the State of Minnesota, including Minnesota Statutes, <br />Chapter 475, and the City's home rule charter, and the principal hereof and <br />interest hereon are payable primarily from special assessments against property <br />specially benefited thereby, as set forth in the Resolution to which reference <br />is made for a full statement of rights and powers thereby conferred. The full <br />