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The City and the Bond Registrar may deem and treat the person in whose name this Bond <br />is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose <br />of receiving payment and for all other purposes, and neither the City nor the Bond Registrar shall <br />be affected by any notice to the contrary. <br /> <br /> IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, <br />conditions and things required by the Constitution and laws of the State of Minnesota to be done, <br />to exist, to happen and to be performed precedent to and in the issuance of this Bond in order to <br />make this Bond 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 in regular and due form as so <br />required; that prior to the issuance hereof the City has pledged and appropriated to the sinking <br />fund established for the payment of the Bonds tax abatements to be derived by the City from <br />certain specified properties of the City; that if necessary to pay the principal and interest on this <br />Bond, ad valorem taxes are required be levied upon all taxable property in the City without <br />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 /> <br /> This Bond shall not be valid or become obligatory for any purpose or be entitled to any <br />security or benefit under the Resolution until the Certificate of Authentication hereon shall have <br />been executed by the Bond Registrar by the manual signature of a person authorized to sign on <br />its behalf. <br /> <br /> IN WITNESS WHEREOF, the City of St. Anthony, Hennepin and Ramsey Counties, <br />Minnesota, by its City Council, has caused this Bond to be executed by the signatures of the <br />Mayor and the City Manager and has caused this Bond to be dated as of the date set forth below. <br /> <br /> CITY OF ST. ANTHONY <br /> <br /> <br /> <br />_________________________________ __________________________________ <br /> City Manager Mayor <br /> <br />_________________________ <br /> <br /> <br />69