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IN WITNESS WHEREOF, the City of Lino Lakes, Anoka County, Minnesota, by its City <br />Council, has caused this Bond to be executed on its behalf by the facsimile or manual signatures <br />of the Mayor and City Clerk -Treasurer and has caused this Bond to be dated as of the date set <br />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 within. <br />By <br />L Authorized Representative <br />[Reverse of the Bond] <br />This Bond is one of an issue in the aggregate principal amount of $3,320,000 all of like <br />original issue date and tenor, except as to number, maturity date, redemption privilege, and <br />interest rate, all issued pursuant to a resolution adopted by the City Council on September 9, 1996 <br />(the Resolution), for the purpose of providing money to aid in financing various improvements <br />to the water system of the City, pursuant to and in full conformity with the home rule charter of <br />the City and the Constitution and laws of the State of Minnesota, including Minnesota Statutes, <br />Section 444.075 and the principal hereof and interest hereon are payable primarily from the net <br />revenues of the water system of the City in a special debt service fund of the City, as set forth <br />in the Resolution to which reference is made for a full statement of rights and powers thereby <br />conferred. The full faith and credit of the City are irrevocably pledged for payment of this Bond <br />and the City Council has obligated itself to levy ad valorem taxes on all taxable property in the <br />City in the event of any deficiency in net revenues pledged, which taxes may be levied without <br />limitation as to rate or amount. The Bonds of this series are issued only as fully registered Bonds <br />in denominations of $5,000 or any integral multiple thereof of single maturities. <br />IT IS HEREBY CERTIFIED AND RECITED That in and by the Resolution, the City has <br />covenanted and agreed that it will continue to own and operate the water plant system free from <br />DJK108785 <br />LN140-52 <br />