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20 <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 />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 perfonned 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 tenns , have <br />been done, do exist , have happened and have been perfonned in regular and due fonn as so <br />required ; that prior to the issuance hereof the City has levied or agreed to levy special <br />assessments on property specially benefited by the Improvements and ad valorem taxes on all <br />taxable property in the City, collectible in the years and amounts required to produce sums not <br />less than 5% in excess of the principal of and interest on the Bonds as such principal and interest <br />respectively become due , and has appropriated the same to the Fund in the manner specified in <br />Minnesota Statutes, Section 429.091, Subdivision 4; that, to take care of any accumulated or <br />anticipated deficiency in the Fund, additional ad valorem taxes are required by law to be levied <br />upon all taxable property in the City without limitation as to rate or amount ; and that the issuance <br />of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory <br />limitation. <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 />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 />CITY OF ST. ANTHONY <br />City Manager Mayor <br />-4-