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IN WITNESS WHEREOF, the City of Hugo, Washington County, Minnesota, by its City <br />Council has caused this Bond to be executed on its behalf by the facsimile signatures of its <br />Mayor and its Clerk, the corporate seal of the Issuer having been intentionally omitted as <br />permitted by law. <br />Date of Registration: Registrable by: U.S. BANK NATIONAL <br />ASSOCIATION <br />Payable at: U.S. BANK NATIONAL <br />ASSOCIATION <br />BOND REGISTRAR'S <br />CERTIFICATE OF <br />AUTHENTICATION <br />This Bond is one of the Bonds <br />described in the Resolution <br />mentioned within. <br />U.S. Bank National Association <br />St. Paul, Minnesota, <br />Bond Registrar <br />By <br />Authorized Signature <br />CITY OF HUGO, <br />WASHINGTON COUNTY, MINNESOTA <br />/s/ Facsimile <br />Mayor <br />/s/ Facsimile <br />Clerk <br />2361332x1 10 <br />