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18 <br /> required by the Constitution and laws of the State of Minnesota to be done,to exist, to happen <br /> and to be performed precedent to and in the valid issuance of the Bonds having been done, <br /> existing,having happened and having been performed, it is now necessary for this Council to <br /> establish the form and terms of the Bonds, to provide security therefor and to issue the Bonds <br /> forthwith. <br /> Section 2. Form of Bonds. The Bonds shall be prepared in substantially the <br /> following form: <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTIES OF HENNEPIN AND RAMSEY <br /> CITY OF ST. ANTHONY <br /> GENERAL OBLIGATION WATER AND SEWER REVENUE BOND, <br /> SERIES 2003B <br /> R- $ <br /> Date of <br /> Interest Rate Maturity Original Issue CUSIP <br /> % February 1, April 16, 2003 <br /> REGISTERED OWNER: CEDE &CO. <br /> PRINCIPAL AMOUNT: DOLLARS <br /> THE CITY OF ST. ANTHONY,Hennepin and Ramsey Counties, Minnesota(the <br /> "City"), acknowledges itself to be indebted and, for value received,hereby promises to pay to <br /> the registered owner named above, or registered assigns, the principal amount specified above, <br /> on the maturity date specified above, with interest thereon from the date of original issue <br /> specified above, or from the most recent interest payment date to which interest has been paid or <br /> duly provided for, at the annual rate specified above. Interest hereon is payable on February 1 <br /> and August I in each year, commencing February 1, 2004,to the person in whose name this <br /> Bond is registered at the close of business on the 15th day(whether or not a business day) of the <br /> immediately preceding month, all subject to the provisions ref6rred to herein with respect to the <br /> redemption of the principal of this Bond before maturity. The interest hereon and, upon <br /> presentation and surrender hereof at the principal office of the agent of the Registrar described <br /> below,the principal hereof are payable in lawful money of the United States of America by <br /> check or draft drawn on Wells Fargo Bank Minnesota, National Association,Minneapolis, <br /> Minnesota, as Bond Registrar, Transfer Agent and Paying Agent, or its successor designated <br /> under the Resolution described herein(the"Bond Registrar"), or its successor designated under <br /> the Resolution'described herein. <br /> -2- <br />