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UNITED STATES OF AMERICA STATE OF MINNESOTA RAMSEY COUNTY CITY OF ARDEN HrLLS NO. $5,000 GENERAL OBLIGATION TEMPORARY IMPROVEMENT BOND OF 1982 . KNOW ALL PERSONS BY THESE PRESENTS that the City of Arden Hills, Ramsey County, Minnesota, certifies that it is indebted and for value received promises to pay to bearer the principal sum of FIVE THOUSAND DOLLARS on the first day of May, 1985 and to pay interest thereon from to~date hereQf_~t~~incipal is paid at the rate of ~ IIDd SllWnt:n-nw percent (8.75 %) per annum, payable on the first day of November, 1982 and semiannually thereafter on the first day of May and the first day of November in each year, interest to maturity being represented by and payable in accordance with and upon presentation and surrender of the interest coupons hereto attached, as the same severally become due. B~~rincipal and interest. a,re payable at 2be I'izlit: 1Ilrti,.....1 BlInk of Raul, in it. PIlUl, JIIIIntIIl:)ta ,or any successor paying agent duly appointed by the City, in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts. All bonds of this issue are subject to redemption and prepayment at the option of the City in inverse order of serial numbers, on May 1, 1983 and on any interest payment date thereafter at par and accrued interest. Published notice of redemption shall in each case be given in accordance with law, and mailed notice of redemption shall be given to the bank where the bonds are payable. . This bond is one of an issue in the total principal amount of $3,355,000 all of like date and tenor, except as to serial number, which bond has been issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota for the purpose of financing the construction of various improvements in the City and is payable out of the .