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Of` <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTIES OF HENNEPIN AND RAMSEY <br />CITY OF ST. ANTHONY <br />GENERAL OBLIGATION BOND, SERIES 2009A <br />No. R - <br />Interest Rate Maturity <br />REGISTERED OWNER: CEDE & CO. <br />PRINCIPAL AMOUNT: <br />Date of CUSIP <br />Original Issue <br />May 7, 2009 <br />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, 2010, 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 />redemption of the principal of this Bond before maturity. The interest hereon and, upon <br />presentation and surrender hereof, the principal hereof, are payable in lawful money of the <br />United States of America by check or draft of Wells Fargo Bank, National Association, in <br />Minneapolis, Minnesota, as Bond Registrar, Transfer Agent and Paying Agent (the "Bond <br />Registrar"), or its successor designated under the Resolution described herein. <br />This Bond is one of an issue in the aggregate principal amount of $5,245,000 (the <br />"Bonds"), issued pursuant to a resolution adopted by the City Council on April 14, 2009 (the <br />"Resolution"), for the purpose of refunding bonds issued to finance improvements to the City's <br />storm sewer utility, refunding bonds issued to finance the costs of improvements to state -aid <br />roads in the City, financing a portion of the costs of various street improvements in the City and <br />financing costs of various park improvements within the City, and is issued pursuant to and in <br />full conformity with the provisions of the Constitution and laws of the State of Minnesota <br />thereunto enabling, including Minnesota Statutes, Section 162.18, Minnesota Statutes, <br />Section 469.1814 and Minnesota Statutes, Chapters 429 and 475. The Bonds are issuable only as <br />fully registered bonds in denominations of $5,000 or any multiple thereof, of single maturities. <br />The Bonds of this series are issuable only as fully registered Bonds, in denominations of $5,000 <br />or any multiple thereof, of single maturities. <br />-3- <br />