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• The City and the Bond Registrar may deem and treat the person in whose name this <br /> Bond 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 be <br /> affected by,any notice to the contrary. <br /> 'IT IS HEREBY CERTIFIED,RECITED;COVENANTED AND AGREED that all <br /> acts, 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 make <br /> this Bond a valid and binding general obligation of the City according to its terms, have been done, do <br /> exist, have happened and have been performed in regular and-due form as so required; that in and by <br /> the Resolution, the City has pledged to the payment of the principal of and interest on the Bonds money <br /> to be allocated from its account in the Municipal State-Aid Street Fund of the State of Minnesota in <br /> such amount as shall be sufficient to pay all principal of and interest on the Bonds as such principal and <br /> interest respectively become due; that if needed to pay the principal and interest on this Bond, ad <br /> valorem taxes will be levied upon.all taxable property in the City without limitation as to-rate or amount; <br /> and that the issuance of this Bond does not cause the indebtedness of the City to exceed any <br /> 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 been <br /> executed by the Bond Registrar by the manual signature of the Bond Registrar, or in the event the City <br /> Finance Director is no longer acting as Bond Registrar, one of the authorized representatives of the <br /> 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 of the <br /> Mayor and the City Manager and has caused this Bond to be dated as of the date set forth below. <br /> Date of Authentication: <br /> CITY OF ST. ANTHONY <br /> City Manager Mayor <br /> • -5- <br />