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N <br />principal of, premium, if any, and interest on this Certificate and notice with respect <br />thereto shall be made as provided in the Letter of Representations, as.defined in the <br />Resolution. Until termination of the book -entry only system pursuant to the Resohidon, <br />Certificates may only be registered in the name of the Depository or its Nominee.]'` <br />REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS <br />CERTIFICATE SET FORTH ON THE REVERSE HEREOF, WHICH PROVISIONS SHALL <br />FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH HERE. <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br />required by the Constitution, laws of the State of Minnesota to be done, to happen and to be <br />performed, precedent to and in the issuance of this Certificate, have been done, have happened <br />and have been performed, in regular and due form, time and manner as required by law, and that <br />this Certificate, together with all other debts of the Issuer outstanding on the date of original <br />issue hereof and the date of its issuance and delivery to the original purchaser, does not exceed <br />any constitutional or statutory limitation of indebtedness. <br />IN WITNESS WHEREOF, the City of Hugo, Washington County, Minnesota, by its City <br />Council has caused this Certificate to be executed on its behalf by the facsimile signatures of its <br />Mayor and its Administrator, the corporate seal of the Issuer having been intentionally omitted as <br />permitted by law. <br />Ltdude only uvA termination at the book -entry only qsl em mmder pwagmph 2 hereof. <br />14290900 <br />8 <br />