Resolution 2001-083 - Laserfiche WebLink

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As provided in the Resolution, and subject to certain limitations set forth therein, this Bond is transferable upon the books of the Issuer kept for that purpose at the principal office of the Registrar, by the registered owner hereof in person or by such owner's attorney duly authorized in writing, upon presentation of a written instrument of transfer satisfactory M t"he Registrar; duly-- executed by the registered owner or such owner's duly authorized attorney. Upon such transfer and the payment of any tax, fee or governmental charge required to be paid by the Issuer or the Registrar with respect to such transfer, there will be issued in the name of the transferee a new Bond or Bonds of the same aggregate principal amount as the surrendered Bond. The Issuer has designated the Bonds as "qualified tax - exempt obligations" within the meaning of Section 265(b) (3) of the Internal Revenue Code of 1986, as amended. It is hereby Certified and Recited that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed in order to make this Bond a valid and binding general obligation of the Issuer according to its terms, have been done, do exist, have happened and have been performed in due form, time and manner as so required; that the Bonds are payable from a separate debt sinking fund of the Issuer, and other funds which have been appropriated to such fund; that, in the event special assessment levies are insufficient, ad valorem taxes will be levied upon all taxable property in the Issuer for payment of principal of and interest on the Bonds of this series without limitation as to rate or amount; and that the issuance of this Bond does not cause the indebtedness of the Issuer to exceed any constitutional or statutory limitation. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been manually signed by a person authorized to sign on behalf of the Registrar. IN WITNESS WHEREOF, the City of Lake Elmo, Minnesota has caused this Bond to be executed with the manual or facsimile signatures of its Mayor and City Administrator, both as of the Date of Original Issue specified above. Dated: October 1, 2001. CITY OF LAKE ELMO, MINNESOTA By: Mayor By: City Administrator A -3