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<br />-. <br /> <br />. - <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />RAMSEY COUNTY <br />CITY OF ARDEN HILLS <br /> <br />R- <br /> <br />$ <br /> <br />. <br /> <br />GENERAL OBLIGATION IMPROVEMENT <br />BOND OF 1985 <br /> <br />INTEREST <br />RATE <br /> <br />MATURITY <br />DATE <br /> <br />DATE OF <br />ORIGINAL ISSUE <br /> <br />CUSIP <br /> <br />April 1, 1985 <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br />KNOW ALL PERSONS BY THESE PRESENTS that the City of <br />Arden Hills, Ramsey County, Minnesota {the "Issuer"}, certifies <br />that it is indebted and for value received promises to pay to <br />the registered owner specified above, or registered assigns, in <br />the manner hereinafter set forth, the principal amount <br />specified above, on the maturity date specified above, unless <br />called for earlier redemption, and to pay interest thereon <br />semiannually on June 1 and December 1 of each year {each, an <br />"Interest Payment Date"} canmencing December 1, 1985 at the <br />rate per annum specified above, {calculated on the basis of a <br />360-day year of twelve 30-day months} until the principal sum <br />is paid or has been provided for. This Bond will bear interest <br />from the most recent Interest Payment Date to Which interest <br />has been paid or, if no interest has been paid, fran the date <br />of original issue hereof. The principal of and premium, if <br />any, on this Bond are payable upon presentation and surrender <br />hereof at the principal office of <br />, a <br />duly organ1zed and va11dly eX1sting under the laws of <br />{the "Bond Registrar"}, acting as paying <br />agent, or any successor paying agent duly appointed by the <br />Issuer. Interest on this Bond will be paid on each Interest <br />Payment Date by check or draft mailed to the person in Whose <br />name this Bond is registered (the "Holder" or "Bondholder") on <br /> <br />. <br /> <br />5 <br />