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<br />,.,-- - <br /> <br />The City Council has designated the Bonds as "qualified tax exempt obliga- <br />tions" within the meaninl of Section 26S(b) (3) of the Internal Revenue Code of <br />1986, as amended (the Code) relating to disallowance of inter.'st expense for <br />financial institutions aDd within the $10 million limit allowed by the Code for <br />the calendar' year of issue. <br /> <br />Add1tioaal provisions of this Bond are contained OD the reverse hereof and <br />such provisions for all purposes have the same effect as tbough fully set forth <br />in this place. <br /> <br />This Bond is Dot be valid or obligatory for any purpose or entitled to any <br />security or benefit under the Resolution until the Certificate of Authentication <br />hereoD has been executed by the Bond Registrar by manual s1gaature of one of its <br />authorized repr..entatives. <br /> <br />IN WITNESS WHEREOF, the City of Ceutervill., ADoka County. MlDD..ota, by <br />its City Council, has caused this Bond to be executed OD its behalf by the <br />facs~11e signatures of the Mayor aDd City Clerk aDd has caused this Boad to be <br />dated a8 of the date set forth below. <br /> <br />Dated: <br /> <br />(facs1m11e) <br /> <br />CITY OF CENTERVILLE, MINNESOTA <br />(facs1m11e) <br /> <br />~1ty Clerk <br /> <br />Mayor <br /> <br />CERTIFICATE OF AIJ'l'BENTICATION <br /> <br />This 18 ODe of the Bonels delivered purSUAnt to tbe Resolue1oD 1IleDtiolled <br />w1th1D. <br /> <br />By <br />Authorized Representative <br /> <br />[Reverse of the BODd] <br /> <br />This Bond 18 ODe of an 188ue ill the aSlregate prmcipal amoUnt of $310,000 <br />all of like original issue date and tenor, except as to number, maturity date, <br />and aterest rate, all issued pursuant to a resolutioD adopted by the City <br />Council OD July 11, 1991 (the Resolution), for the purpose of prov1d1Dg money to <br />defray the expenses incurred and to be 1Dcurrecl 1D ..kiDS local improvements, <br />pursuant to and in full cODfo~ty with the Constitution and' laws of the State <br />of Kinnesota, including MiDDesota Statutes, Chapter 429, and tbe priDcipal <br />hereof and iaterest hereoD are payable primarily from special assessments levied <br />or to be levied agaiDst property specially benefited by local improvements as <br />set forth in the Resolution to which reference is made for a full statement of <br />.ghts and powers thereby conferred. The full faith and credit of the City are <br />~revocably pledged for payment of this Bond and the City Council has obligated <br />itself to levy ad valorem taxes on all taxable property 1D the City in the event <br />