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<br />. <br /> <br />. <br /> <br />. <br /> <br />o <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF MOUNDS VIEW <br /> <br />R- <br /> <br />$ <br /> <br />GENERAL OBLIGATION TAX INCREMENT REFUNDING <br />BOND, SERIES 1996B <br /> <br />INTEREST <br />RATE <br /> <br />MATURITY <br />DATE <br /> <br />DATE OF <br />ORIGINAL ISSUE <br /> <br />CUSIP <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br />DOLLARS <br /> <br />The City of Mounds View, Ramsey County, Minnesota (the <br />"City"), hereby acknowledges itself to be indebted and, for value <br />received, promises to pay to the registered owner specified <br />above, or registered assigns, in the manner hereinafter set <br />forth, the principal amount specified above, without option of <br />prior redemption, on the maturity date specified above, and to <br />pay interest thereon semiannually on February 1 and August 1 of <br />each year (each, an "Interest Payment Date"), commencing <br />August 1, 1996, at the rate per annum specified above (calculated <br />on the basis of a 360-day year consisting of twelve 30-day <br />months) until the principal sum is paid or has been provided for. <br />This Bond will bear interest from the most recent Interest <br />PaYment Date to which interest has been paid or, if no interest <br />has been paid, from the date of original issue hereof. The <br />principal of and premium, if any, on this Bond are payable upon <br />presentation and surrender hereof at the principal office of <br />, in <br />(the "Bond Registrar"), acting as <br />paying agent, or at the principal office of any successor paying <br />agent duly appointed by the City. Interest on this Bond will be <br />paid on each Interest Payment Date by check or draft mailed to <br />the person in whose name this Bond is registered (the "Registered <br />Owner") on the registration books of the City maintained by the <br />Bond Registrar and at the address appearing thereon at the close <br />of business on the fifteenth day of the calendar month preceding <br />such Interest Payment Date (the "Regular Record Daten). Any <br />interest not so timely paid shall cease to be payable to the <br />person who is the Registered Owner hereof as of the Regular_ <br />Record Date, and shall be payable to the person that is the <br />Registered Owner hereof at the close of business on a date (the <br />"Special Record Date") fixed by the Bond Registrar whenever money <br />becomes available for payment of the defaulted interest. Notice <br />of the Special Record Date shall be given to Registered Owners <br /> <br />311080.1 <br /> <br />9 <br />