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111 <br />Signature Guaranteed by: <br />Signature(s) must be guaranteed by a <br />commercial bank or trust company or <br />by a brokerage firm having <br />membership in one of the major stock <br />exchanges. <br />Please Insert Social Security Number <br />or Other Identifying Number of <br />Assignee <br />Notice: The signatures) on this <br />assignment must correspond with the <br />name(s) appearing on the face of this <br />Bond in every particular, without <br />alteration or any change whatever. <br />(Form of Certificate) <br />CERTIFICATE AS TO LEGAL OPINION <br />I, Donald F. Pauley, City Clerk -Administrator of Mounds View, Minnesota, <br />hereby certify that except for the date line, the above is a full, true and compared <br />copy of the legal opinion of Holmes ik Graven, Chartered, of Minneapolis, <br />Minnesota, which was delivered to me upon delivery of the bonds and is now on file <br />in my office. <br />(Facsimile) <br />City Clerk -Administrator <br />The City of Hounds View <br />3.02. As long as any of the Bonds issued hereunder shall remain <br />outstanding, the Issuer shall cause to be kept at the principal office of the <br />Registrar the Register in which, subject to such reasonable regulations as the <br />Registrar may prescribe, the Registrar shall provide for the registration of Bonds <br />and the registration of transfers of Bonds. American National Bank and Trust <br />Company is hereby appointed Registrar, Transfer Agent and Paying Agent with <br />respect to the Bonds. <br />Upon surrender for transfer of any Bond with a written instrument of <br />transfer satisfactory to the Registrar, duly executed by the registered owner or his <br />duly authorized attorney, and upon payment of any tax, fee or other governmental <br />charge required to be paid with respect to such transfer, the Issuer shall execute <br />and the Registrar shall authenticate and deliver, in the name of the designated <br />transferee or transferees, one or more fully registered Bonds of any authorized <br />denominations and of a like aggregate principal amount, interest rate and maturity. <br />Any Bonds, upon surrender thereof at the office of the Registrar may, at the option <br />of the registered owner thereof, be exchanged for an equal aggregate principal <br />amount of Bonds of the same maturity and interest rate of any authorized <br />denominations. In all cases in which the privilege of exchanging or transferring <br />fully registered Bonds is exercised, the Issuer shall execute and the Registrar shall <br />authenticate and deliver Bonds in accordance with the provisions of this <br />Resolution. For every such exchange or transfer of Bonds, whether temporary or <br />definitive, the Issuer or the bond Registrar may make a charge sufficient to <br />reimburse it for any tax, fee or other governmental charge required to be paid with <br />respect to such exchange or transfer, which sum or sums shall be paid by the person <br />