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for Bonds of other authorized denominations. Upon such transfer or exchange, the Ci will g � City cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturingon the same date, a , subject to reimbursement for any tax, fee or governmental charge req be p required to aid with g respect to such .transfer or exchange. The Bonds have been designated by the Issuer -as "qualified tax-exempt obligations"p pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not for the purpose of receiving payment and for all other purposes, and neither the Ci nor the Bond City Registrar shall be affected by any notice to the contrary. IT IS- HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required b the Constitution and laws of the State � y of Minnesota to be done, to exist, to happen and to be performed precedent to and in the issuance of this Bond in order to make it avalid and binding general obligation of the Ci according to its terms have City g been done, do exist, have happened and have been performed as so required; that prior to the q � issuance hereof the City has levied or agreed to levy special assessments onro ert specially p p Y ec p y benefited by the local improvements finance or refinanced by the Bonds and ad valorem taxes on all taxable property -within the City, collectible in the years and amounts required to produce o q p . sums not less than 5% in excess of the principal of and interest on the Bonds as such principal p p and interest respectively become due, and has appropriated the same to the Fund in the manner specified in Minnesota Statutes, Section 429.091, Subdivision 4; that, to take care of any accumulated or anticipated deficiency in the Fund, additional ad valorem taxes are required b law to be levied upon all taxable property in the City without limitation as to rate or amount; and -that the issuance of this Bond does not cause the indebtedness of the Ci to exceed an charter • City Y , constitutional or statutory limitation. - This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit under the Resolution, until the Certificate of Authentication hereon shall have been executed by the Bond Registrar by manual signature of a person authorized to sign o . � p g n its behalf. IN WITNESS WHEREOF, the City of St. Anthony, Hennepin and Ramsey Counties - State of Minnesota, by its City Council, has caused this Bond to be executed b the signatures y gn of the Mayor and the City Manager and has caused this Bond to be dated as of the date set forth below. City Manager 0 93 Mayor Pro Tem