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This Certificate is issued for the purpose of purchasing <br />capital equipment for the City and is authorized by a duly adopted <br />resolution of the City Council of Lino Lakes, dated February 14, <br />1994 and is issued pursuant to and in full conformity with <br />Minnesota Statutes, Section 412.301, and is to be effective as of <br />March 1, 1994. <br />It is Hereby Certified and Recited, that all acts, conditions and <br />things required by law to be done, to exist, to happen and to be <br />performed, precedent to and in the issuance of this Certificate <br />have been done, do exist, have happened and have been performed in <br />regular and due form, time and manner; that a direct, annual, <br />irrepealable ad valorem tax will be duly levied by said City in an <br />amount sufficient to pay the principal and interest on this <br />Certificate, together with all other existing indebtedness of the <br />said City, does not exceed any constitutional or statutory <br />limitation on indebtedness. <br />Adopted by the City Council of Lino Lakes, Minnesota, this <br />14th day of February, 1994. <br />Vernon F. Reinert -Mayor <br />Marilyn G. Anderson, Clerk Treasurer <br />The motion for the adoption <br />seconded by Neal <br />thereon, the following voted <br />Kuether, Neal, Reinert. <br />of the foregoing resolution was duly <br />and upon vote being taken <br />in favor thereof: Bergeson, Elliott, <br />The following voted against same: <br />none. <br />Where upon said resolution was declared duly passed and adopted: <br />