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As provided in the Resolution and subject to certain limitations set forth therein,this Bond <br /> is transferable upon the books of the City at the principal office of the Registrar, by the registered <br /> owner hereof in person or by the owner's attorney duly authorized in writing, upon surrender <br /> hereof together with a written instrument of transfer satisfactory to the Registrar,duly executed by <br /> the registered owner or the owner's attorney; and may also be surrendered in exchange for Bonds <br /> of other authorized denominations. Upon such transfer or exchange the City will cause a new <br /> Bond or Bonds to be issued in the name of the transferee or registered owner,of the same aggregate <br /> principal amount, bearing interest at the same rate and maturing on the same date, subject to <br /> reimbursement for any tax, fee or governmental charge required to be paid with respect to such <br /> transfer or exchange. <br /> The City and the Registrar may deem and treat the person in whose name this Bond is <br /> registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of <br /> receiving payment and for all other purposes,and neither the City nor the Registrar will be affected <br /> by any notice to the contrary. <br /> IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, <br /> conditions and things required by the Constitution, Charter of the City and laws of the State of <br /> Minnesota, to be done, to exist, to happen and to be performed preliminary to and in the issuance <br /> of this Bond in order to make it a valid and binding general obligation of the City in accordance <br /> with its terms, have been done, do exist, have happened and have been performed as so required, <br /> and that the issuance of this Bond does not cause the indebtedness of the City to exceed any <br /> constitutional, statutory or charter limitation of indebtedness. <br /> This Bond is not valid or obligatory for any purpose or entitled to any security or benefit <br /> under the Resolution until the Certificate of Authentication hereon has been executed by the <br /> Registrar by manual signature of one of its authorized representatives. <br /> IN WITNESS WHEREOF, the City of Mounds View, Ramsey County, Minnesota, by its <br /> City Council, has caused this Bond to be executed on its behalf by the facsimile or manual <br /> signatures of the Mayor and City Administrator and has caused this Bond to be dated as of the date <br /> set forth below. <br /> Dated: <br /> CITY OF MOUNDS VIEW, MINNESOTA <br /> (Facsimile) (Facsimile) <br /> City Administrator Mayor <br /> 496797v2 JSB MU210-244 B-3 <br />