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<br />Bond, only to Cede & Co. or other nominee in accordance with the operational arrangements of <br />The Depository Trust Company or other securities depository as agreed to by the City. <br /> <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 preliminary to and in the issuance of this Bond in order <br />to make it a valid and binding general obligation of the City in accordance with its terms, have <br />been done, do exist, have happened and have been performed as so required; that the City has <br />established its General Obligation Tax Increment Revenue Refunding Bonds, Series 2015B Bond <br />Fund and has appropriated thereto ad valorem tax increments to be derived from the District, <br />which tax increments are estimated to be receivable in years and in amounts sufficient to produce <br />sums not less than five percent in excess of the principal of and interest on the Bonds when due, <br />and has appropriated tax increments to its Bond Fund for the payment of such principal and <br />interest; that if necessary for the payment of such principal and interest when due, ad valorem <br />taxes are required to be levied upon all taxable property in the City, without limitation as to rate <br />or amount; and that the issuance of this Bond does not cause the indebtedness of the City to <br />exceed any constitutional or statutory limitation of indebtedness. <br /> <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 Registrar by manual signature of one of its authorized representatives. <br /> <br />IN WITNESS WHEREOF, the City of St. Anthony, State of Minnesota, by its City <br />Council, has caused this Bond to be executed on its behalf by the facsimile signatures of the <br />Mayor and City Manager. <br /> <br /> CITY OF ST. ANTHONY, MINNESOTA <br /> <br /> <br /> <br /> (facsimile signature – City Manager) (facsimile signature - Mayor) <br /> <br /> <br />_________________________ <br />