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• <br /> purpose of receiving payment and for all other purposes , and <br /> neither the City nor the Bond Registrar shall be affected by <br /> any notice to the contrary. <br /> IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED <br /> that all acts, conditions and things required by the <br /> Constitution and laws of the State of Minnesota to 'be done, to <br /> exist , to happen and to be performed precedent to and in the <br /> issuance of this Bond in order to make it a valid and binding <br /> general obligation of the City according to its terms have been <br /> done, do exist, have happened and have been performed in <br /> regular and due form as so required; that prior to the issuance <br /> hereof , the City has pledged and appropriated tax increments to <br /> be derived by the City from a tax increment financing district <br /> in which the redevelopment project to be financed by the <br /> proceeds of the Bonds are located to the Bond .Account ; that all <br /> taxable property within the City is subject to the levy of a <br /> direct, annual , ad valorem tax, which has been levied and is <br /> required to be extended, assessed and collected for the years <br /> and in such amounts as may be required to pay the principal , <br /> premium, if any, and interest on the Bonds when due, which levy <br /> is not limited as to rate or amount ; and that the issuance of <br /> this Bond does not cause the indebtedness of the City to exceed <br /> any constitutional or statutory limitation. <br /> The following abbreviations , when used in the <br /> inscription on the face of this Bond, shall be construed as <br /> though they were written out in full according to the <br /> applicable laws or regulations : <br /> TEN COM -- as tenants UNIF GIFT MIN ACT . . . . .Custodian. . . . . <br /> in common (Cust) (Minor) <br /> TEN ENT -- as tenants <br /> by the entireties <br /> under Uniform Gifts to <br /> JT TEN -- as joint tenants Minors <br /> with right of <br /> . survivorship and Act . . . . . . . . . . . . . . . . . . . . . . <br /> not as tenants in (State) <br /> common <br /> Additional abbreviations may also be used. <br /> -10- <br />