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The City and the Bond Registrar may deem and treat the person in whose name <br /> • this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the <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 it a valid and binding general obligation of the City according to its terms have <br /> been done, do exist, have happened and have been performed as so required; that prior to the <br /> issuance hereof the City has pledged and appropriated to a Bond Fund established for the <br /> payment of the Bonds tax increments to be derived by the HRA from the Districts which have <br /> been pledge by the HRA to the City; that, if necessary for the payment of principal and interest <br /> on the Bonds, ad valorem taxes are required to be levied upon all taxable property in the City, <br /> which levy is not limited as to rate or amount; and that the issuance of this Bond does not cause <br /> the 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 shall <br /> have been executed by the Bond Registrar by manual signature of one of the authorized <br /> representatives of the Bond Registrar. <br /> IN WITNESS WHEREOF, the City of St. Anthony, Hennepin and Ramsey <br /> • Counties, State of Minnesota, by its City Council, has caused this Bond to be executed by the <br /> facsimile signatures of the Mayor and the City Manager and has caused this Bond to be dated as <br /> of the date set forth below. <br /> CITY OF ST. ANTHONY <br /> City Manager Mayor <br /> • <br /> 4 <br />