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i <br /> 1.03 Award of Bonds. The sale of the Bonds is hereby awarded to the <br /> • Purchaser and the Mayor and City Manager are hereby authorized and directed on behalf of the <br /> City to execute a contract for the sale of the Bonds in accordance with the terms of the proposal. <br /> 1.04. Issuance of Bonds. All acts, conditions and things which are required <br /> by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be <br /> performed precedent to and in the valid issuance of the Bonds having been done, existing, having <br /> happened and having been performed, it is now necessary for the Council to establish the form <br /> and terms of the Bonds, to provide security therefor and to issue the Bonds 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 /> TAXABLE GENERAL OBLIGATION TAX <br /> INCREMENT REFUNDING BOND, SERIES 2003E <br /> Date of <br /> • Rate Maturity Original Issue CUSIP <br /> February 1, November 5, 2003 <br /> REGISTERED <br /> OWNER: CEDE & CO. <br /> PRINCIPAL <br /> 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 above named, the principal amount indicated above, on the maturity date <br /> specified above, with interest thereon from the date of original issue set forth above at the annual <br /> rate specified above computed on the basis of the number of days elapsed in a 360-day year <br /> consisting of twelve 30-day months, payable on February 1 and August 1 in each year, <br /> commencing February 1, 2004, to the person in whose name this Bond is registered at the close <br /> of business on the 15th day(whether or not a business day) of the immediately preceding month, <br /> all subject to the provisions referred to herein with respect to the redemption of the principal of <br /> this Bond before maturity. The interest hereon and, upon presentation and surrender hereof, the <br /> principal hereof, are payable in lawful money of the United States of America by check or draft <br /> of Wells Fargo Bank Minnesota,National Association, in Minneapolis, Minnesota, as Bond <br /> 2 <br />