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<br />The City Council has designated the Bonds as "qualified tax exempt obliga- <br />tions" within the meaning of Section 265(b) (3) of the Internal Revenue Code of <br />1986, as amended (the Code) relating to disallowance of interest expense for <br />financial institutions and within the $10 million limit allowed by the Code for <br />the calendar year of issue. <br /> <br />Additional provisions of this Bond are contained on the reverse hereof and <br />such provisions for all purposes'have the same effect as though fully set forth <br />in this place. <br /> <br />This Bond is not be valid or obligatory for any purpose or entitled to any <br />security or benefit under the Resolution until the Certificate of Authentication <br />hereon has been executed by the Bond Registrar by manual signature of one of its <br />authorized representatives. <br /> <br />IN WITNESS WHEREOF, the City'of Centervi1le, Anoka County, Minnesota, by <br />its City Council, has caused this Bond to be executed on its behalf by the <br />facsimile signatures of the Mayor and City Clerk and has caused this Bond to be <br />dated as of the date set forth below. <br /> <br />Dated: <br /> <br />CITY OF CENTERVILLE, MINNESOTA <br /> <br />(facsimile) <br /> <br />(facsimile) <br /> <br />City Clerk <br /> <br />Mayor <br /> <br />CERTIFICATE OF AUTHENTICATION <br /> <br />This is one of the Bonds delivered pursuant to the Resolution mentioned <br />within. <br /> <br />By <br />Authorized Representative <br /> <br />[Reverse of the Bond] <br /> <br />This Bond is one of an issue in the aggregate principal amount of $360,000 <br />all of like original issue date and tenor, except as to number, maturity date, <br />redemption privilege, and interest rate, all issued pursuant to a resolution <br />adopted by the City Council on July 12, 1991 (the Resolution), for the purpose <br />of providing money to defray the expenses incurred and to be incurred in making <br />local improvements, pursuant to and in full conformity with the Constitution and <br />laws of the State of Minnesota, including Minnesota Statutes, Chapter 429, and <br />the principal hereof and interest hereon are payable primarily from special <br />assessments against property specially benefited by local improvements and ad <br />valorem taxes, as set forth in the Resolution to which reference is made for a <br />full statement of rights and powers thereby conferred. The full faith and <br />