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The City and the Bond Registrar may deem and treat the person in whose name this Bond <br />is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose <br />of receiving payment and for all other purposes, and neither the City nor the Bond Registrar will <br />be affected by any notice to the contrary. <br />IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, <br />conditions and things required by the home rule charter of the City and the Constitution and laws <br />of the State of Minnesota, to be done, to exist, to happen and to be performed preliminary to and <br />in the issuance of this Bond in order to make it a valid and binding general obligation of the City <br />in accordance with its terms, have been done, do exist, have happened and have been performed <br />as so required, and that the issuance of this Bond does not cause the indebtedness of the City to <br />exceed any constitutional, statutory or charter limitation of indebtedness. <br />The following abbreviations, when used in the inscription on the face of this Bond, will <br />be construed as though they were written out in full according to applicable laws or regulations: <br />TEN COM -- as tenants <br />in common <br />UNIF GIFT MIN ACT Custodian <br />(Cult) (Minor) <br />TEN ENT -- as tenants under Uniform Gifts or <br />by entireties Transfers to Minors <br />JT TEN -- <br />as joint tenants with <br />right of survivorship and <br />not as tenants in common <br />Act <br />(State) <br />Additional abbreviations may also be used though not in the above list. <br />ASSIGNMENT <br />For value received, the undersigned hereby sells, assigns and transfers unto <br />the within Bond and all rights thereunder, and <br />does hereby irrevocably constitute and appoint attorney to transfer <br />the said Bond on the books kept for registration of the within Bond, with full power of <br />substitution in the premises. <br />Dated: <br />DJK108714 <br />LN140-52 <br />