Laserfiche WebLink
lawful money of the United States of America. [So long as this Bond is registered in the <br />name of the Depository or its Nominee as provided in the Resolution hereinafter described, <br />and as those terms are defined therein, payment of principal of, premium, if any, and <br />interest on this Bond and notice with respect thereto shall be made as provided in the <br />Letter of Representations, as defined in the Resolution, and surrender of this Bond shall <br />not be required for payment of the redemption price upon a partial redemption of this <br />Bond. Until termination of the book -entry only system pursuant to the Resolution, Bonds <br />may only be registered in the name of the Depository or its Nominee.]* <br />THE ISSUER HAS ELECTED TO ISSUE THIS BOND AS A TAXABLE <br />OBLIGATION, AND ACCORDINGLY THE INTEREST ON THE BOND IS INTENDED TO <br />BE INCLUDED IN GROSS INCOME FOR FEDERAL INCOME TAXATION PURPOSES <br />AND, TO THE SAME EXTENT, IN BOTH GROSS INCOME AND TAXABLE NET <br />INCOME FOR STATE INCOME TAXATION PURPOSES. <br />REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF <br />THIS BOND 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 and laws of the State of Minnesota to be done, to happen and to be <br />performed, precedent to and in the issuance of this Bond, have been done, have happened and <br />have been performed, in regular and due form, time and manner as required by law, and that this <br />Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof <br />and on the date of its issuance and delivery to the original purchaser, does not exceed any <br />constitutional or statutory limitation of indebtedness. <br />IN WITNESS WHEREOF, the City of Hugo, Washington County, Minnesota, by <br />its City Council has caused this Bond to be executed on its behalf by the facsimile signatures of <br />its Mayor and its Clerk -Treasurer the corporate seal of the Issuer having been intentionally <br />omitted as permitted by law. <br />Include only until termination of the book -entry only system under paragraph <br />2 hereof. <br />1221968.1 9 <br />