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for such issuance under which the Lender and other institu- <br />tions participating in the loan have agreed to hold their <br />interest for investment and without a view to distribution; <br />and accordingly the Note may not be assigned or transferred in <br />whole or part, nor may a participation interest in the Note be <br />given pursuant to any participation agreement, except in ac- <br />cordance with applicable registration requirements or an <br />applicable exemption from such registration requirements. <br />IT IS HEREBY CERTIFIED AND RECITED that all condi- <br />tions, acts and things required to exist, happen and be <br />performed precedent to or in the issuance of this Revenue Note <br />do exist, have happened and have been performed in regular and <br />due form as required by law. <br />IN WITNESS WHEREOF, the City has caused this Note to <br />be duly executed in its name by the manual signatures,of the <br />Mayor and City Administrator and the corporate seal to be <br />affixed thereto, and has caused this Note to be dated February <br />_,, 1979. <br />CITY OF LAKE ELMO, MINNESOTA <br />By <br />Mayor <br />Countersigned <br />City Administrator <br />12 <br />