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the Mayor and the City Manager are hereby authorized and directed to execute a contract on the <br /> • part of the City for the sale of the Bonds with the Purchaser. The good faith checks of the <br /> unsuccessful bidders shall be returned forthwith. <br /> 1.03. Performance of Requirements. All acts, conditions and things which are <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 /> 1.04. Maturities of Bonds. The Council hereby finds that the maturities of the <br /> Bonds as set forth in Section 3.01 hereof are warranted by the anticipated collections of special <br /> assessments and ad valorem taxes levied and to be levied for the payment of the Bonds as <br /> provided in Section 4 hereof. <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 IMPROVEMENT BOND, SERIES 2003A <br /> No. R- $ <br /> Date of <br /> Interest Rate Maturity Original Issue CUSIP <br /> 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 the <br /> registered owner named above, or registered assigns, the principal amount specified above, on <br /> the maturity date specified above, with interest thereon from the date of original issue specified <br /> above, or from the most recent interest payment date to which interest has been paid or duly <br /> provided for, at the annual rate specified above. Interest hereon is payable on February 1 and <br /> August 1 in each year, commencing February 1, 2004, to the person in whose name this Bond is <br /> 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 referred to herein with respect to the <br /> • -2- <br />