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2® <br /> purpose of receiving payment and for all other purposes, and neither the City nor the Bond <br /> Registrar shall be affected by any notice to the contrary. <br /> IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED'that <br /> all acts, conditions and things required by the Constitution and laws of the State of Minnesota to­ <br /> be done; to exist, to happen and to be performed precedent to and in the issuance of this Bond in <br /> order to make this Bond a valid and binding general obligation of the City according to its terms, <br /> have been done, do exist, have happened and have been performed in regular and due form as so <br /> required; that in and by the Resolution, the City has pledged to the payment of the principal of <br /> and interest on the Bonds net revenues of the water and sewer utility of the City; that in and by <br /> the Resolution,the City has covenanted and agreed with the owner,of the Bonds that it will <br /> impose and collect charges for the service, use and availability of its water and sewer utility at <br /> the time and in the amounts required to produce net revenues adequate to pay all principal of and <br /> interest on the Bonds and on all other bonds payable from net revenues of the water and sewer <br /> utility as such principal and interest respectively become due; that if.needed to pay the principal <br /> and interest on this Bond, ad valorem taxes will be levied upon all taxable property in the City <br /> without limitation as to rate or amount; and that the issuance of this Bond does not cause the <br /> indebtedness of the City to exceed any constitutional or statutory limitation. <br /> This Bond shall not be valid or become obligatory for any purpose or be entitled <br /> to any security or benefit under the Resolution until-the Certificate of Authentication hereon <br /> shall have been executed by the Bond Registrar by the manual signature of a person authorized <br /> to sign on its behalf. <br /> IN WITNESS WHEREOF, the City of St. Anthony,Hennepin and Ramsey <br /> Counties, Minnesota,by its City Council, has caused this Bond'to be executed by the facsimile <br /> signatures of the Mayor and the City Manager and has caused this Bond to be dated as of the <br /> date set forth below. <br /> CITY OF ST. ANTHONY <br /> City Manager Mayor <br /> -4- <br />