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No. R - <br />Section 3. Form of Bond. <br />3.01. The Bonds will be printed or typewritten in substantially the following form: <br />[Face of Bond] <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF LINO LAKES <br />GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 1998B <br />Date of <br />Rate Maturity Original Issue <br />August 1, 1998 <br />Registered Owner: Cede & Co. <br />$ <br />CUSIP <br />The City of Lino Lakes, Minnesota, a duly organized and existing municipal corporation <br />in Anoka County, Minnesota (the "City"), acknowledges itself to be indebted and for value <br />received hereby promises to pay to the Registered Owner specified above or registered assigns, <br />the principal sum of $ on the maturity date specified above, with interest thereon <br />from the date hereof at the annual rate specified above, payable February 1 and August 1 in each <br />year, commencing August 1, 1999, to the person in whose name this Bond is registered at the <br />close of business on the fifteenth day (whether or not a business day) of the immediately <br />preceding month. The interest hereon and, upon presentation and surrender hereof, the principal <br />hereof are payable in lawful money of the United States of America by check or draft by U.S. <br />Bank Trust National Association, Saint Paul, Minnesota, as Bond Registrar, Paying Agent, <br />Transfer Agent and Authenticating Agent, or its designated successor under the Resolution <br />described herein. For the prompt and full payment of such principal and interest as the same <br />respectively become due, the full faith and credit and taxing powers of the City have been and <br />are hereby irrevocably pledged. <br />The City may elect on February 1, 2006, and on any day thereafter to prepay Bonds due <br />on or after February 1, 2007. Redemption may be in whole or in part and if in part, at the option <br />of the City and in such manner as the City will determine. If less than all Bonds of a maturity <br />are called for redemption, the City will notify The Depository Trust Company (DTC) of the <br />particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each <br />BMB145025 <br />LN140-63 <br />