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must transmit to the Registrar monies sufficient for the payment of all principal and interest then <br />due. <br />2.05. Execution, Authentication and Delivery. The Bonds will be prepared under the <br />direction of the City Administrator and executed on behalf of the City by the signatures of the <br />Mayor and the City Administrator, provided that all signatures may be printed, engraved or <br />lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose <br />signature appears on the Bonds ceases to be such officer before the delivery of any Bond, that <br />signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the <br />officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be <br />valid or obligatory for any purpose or entitled to any security or benefit under this Resolution <br />unless and until a certificate of authentication on the Bond has been duly executed by the manual <br />signature of an authorized representative of the Registrar. Certificates of authentication on <br />different Bonds need not be signed by the same representative. The executed certificate of <br />authentication on a Bond is conclusive evidence that it has been authenticated and delivered <br />under this Resolution. When the Bonds have been so prepared, executed and authenticated, the <br />City Administrator will deliver the same to the Purchaser upon payment of the purchase price in <br />accordance with the contract of sale heretofore made and executed, and the Purchaser is not <br />obligated to see to the application of the purchase price. <br />2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive <br />Bonds one or more typewritten temporary Bonds in substantially the form set forth in Section 3 <br />with such changes as may be necessary to reflect more than one maturity in a single temporary <br />bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be <br />exchanged therefor and cancelled. <br />Section 3. Form of Bond. <br />3.01. The Bonds will be printed or typewritten in substantially the following form: <br />[Face of the Bond] <br />No. R -_ UNITED STATES OF AMERICA $ <br />STATE OF MINNESOTA <br />COUNTY OF WASHINGTON <br />CITY OF LAKE ELMO <br />GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 2002A <br />Date of <br />Rate Maturity Original Issue CU SIP <br />May 1, 2002 <br />DJG- 212553v1 <br />L.A515 -2 <br />