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for Bonds of other authorized denominations. Upon such transfer or exchange, the City will <br />cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the <br />same aggregate principal amount, bearing interest at the same rate and maturing on the same <br />date, subject to reimbursement for any tax, fee or governmental charge required to be paid with <br />respect to such transfer or exchange. <br />The City and the Bond Registrar may deem and treat the person in whose name this Bond <br />is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose <br />of receiving payment and for all other purposes, and neither the City nor the Bond Registrar shall <br />be affected 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 and laws of the State of Minnesota to be done, <br />to exist, to happen and to be performed precedent to and in the issuance of this Bond in order to <br />make this Bond a valid and binding general obligation of the City according to its terns, have <br />been done, do exist, have happened and have been performed in regular and due form as so <br />required; that prior to the issuance hereof the City has pledged and appropriated to a sinking fund <br />established for the payment of the Bonds tax increments to be derived by the City from the <br />District; that, if necessary for the payment of principal and interest on the Bonds, ad valorem <br />taxes are required to be levied upon all taxable property in the City, which levy is not limited as <br />to rate or amount; and that the issuance of this Bond does not cause the indebtedness of the City <br />to exceed any constitutional or statutory limitation. <br />This Bond shall not be valid or become obligatory for any purpose or be entitled to any <br />security or benefit under the Resolution until the Certificate of Authentication hereon shall have <br />been executed by the Bond Registrar by the manual signature of one of the authorized <br />representatives of the Bond Registrar. <br />IN WITNESS WHEREOF, the City of St. Anthony, Hennepin and Ramsey Counties, <br />Minnesota, by its City Council, has caused this Bond to be executed by the facsimile signatures <br />of the Mayor and the City Manager and has caused this Bond to be dated as of the date set forth <br />below. <br />City Manager <br />CITY OF ST. ANTHONY <br />13 <br />Mayor <br />