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at which principal and interest are then payable. Holders of grepsyable boads de- siring to receive such notice may register their names and addresses and the serial nwabers of their bonds with the Village Treaeurer. IT IS SEREBSC CERTIFZED� RECITED, COVENANTED AND AGREED thst all acts, con- dltions and things required by the Con&titution and laws of the State oY Mizsnesota to be done, to exist, to happen and to be performed preliminary to and in the i�su- anc� of this bond in order to make it a valid and bindin� general obligation of said V13.lage accordiag to ita terms have been done, do exist, have ha.ppened and have been performed as so required; that the Village hes dcly determined the necessity and contracted for the coastruction of said improvements; that the 3anitary Sewer Im- pravement Bond Sinking ESand has been dvly create2 and provision made for tha support thereoY by special assessments to be ievied with respect to the improvements financed • by said bonds, and by the pledge to said fluid oP net revenues to be derived from the operation of tl� municipal sewer aystem, to be collected and credited to eaid fYand at the times required and in aggregate amounts not less than five per ceat (5�i) in excese of ewue suYYicient to pay the intereet hereon and the principal hereoP as they respectively became due, and ad valorem taxes, if needed Por said purpose, may be and are required by law to be levied upon all texable property in the Village, without limitation as to rate or amount; that said gled�e of net revenues of the sewer eystem constitutes a first liea snd charge thereon, in Pavor oY the holders oY the bonds of this issue and of sll outstanding and future issues of gener�.7. oblYga- tion improvement bonds payable and to be made payable Yrom said Sinking l�nd upon the conditions and subject to the limitationa eet %rth in the resalution creatin� said Sinking F1xnd, dated November 3, 1959; �d that the issuance of this bond did not cause the indebtednesa of said VillaQe to exceed any constitutional or statutory limitation. IN WITDk�B Wf�REOF the Village oY Arden Hills, Ramsey Covnty, Minaesota, by 1te Village Council, has caused this bond to be executed in ita behalf by the signeture of its Mayor, countersigned by its Village Clerk, and sealed with 1ta ofPicial seal, and hes caused the interest coupone appurtenant hereto and the certi- ficate sppeaxing on the reverse side hereof to be executed and authe�ticated by the facsimile signatures oY said off"icers, and has caused this bond to be dated as of october 1, 1963. Couateraigned: Village C erk (3EAL) M�yor (Form of Coupon) • No. ffi On the lat da,y of (October) April, 19 , the VilZage of Arden Hills, Ramsey County, Minnesota, will pay to bearer at , in , the amount eha�n hereon iu lawful money of the Uaited States of America Por interest then due on its 3anitary Sewer Improvement Bond, Series E, dated October 1, 1963, No. . (Faceimile sigasture) (Facsimile signsture) Village Clerk Mayor {Coupons avmbered 1p and upwards, attached to bonds numbered and upwards, shall also ipclude the phrase: "Unless the bond deacribed below is called for earlier redemptfon".) -6-