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<br />of applicable conditions, if any, as therein prescribed; provided that such transfer may occur only <br />with respect to the entire Bond and all of the remaining principal amount of the sole final <br />maturity hereof. The City may treat and consider the person in whose name this Bond is <br />registered as the absolute Owner hereof for the purpose of receiving payment of or on account of <br />the principal of and interest on this Bond (except for the payment of interest to the Owner as of a <br />Record Date) and for all other purposes whatsoever. <br /> <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br />required by the Constitution and laws of the State of Minnesota to be done, to happen and to be <br />performed, precedent to and in the issuance of this Bond, have been done, have happened and <br />have been performed, in regular and due form, time and manner as required by law; that the City <br />has covenanted and agreed with the holder of this Bond that it will levy a direct, annual, <br />irrepealable ad valorem tax upon all of the taxable property in the City, without limitation as to <br />rate or amount, for the years and in amounts sufficient to pay the installments of principal and <br />interest on this Bond as they respectively become due; and that this Bond, together with all other <br />debts of the City outstanding on the date hereof, being the date of its actual issuance and <br />delivery, does not exceed any constitutional or statutory limitation of indebtedness. <br /> <br />IN WITNESS WHEREOF, the City ofCenterville, Anoka County, Minnesota, by its City <br />Council has caused this Bond to be executed on its behalf by the signatures of its Mayor and of <br />its Clerk, and the corporate seal of the City having been intentionally omitted as permitted by <br />law, all as of 7;l;kuJ-, --e.L, 2005. <br />( <br /> <br />CITY OF CENTERVILLE, ANOKA COUNTY <br />MINNESOT A <br /> <br />'--1l1a~ (I(LfU'~ <br />Mayor <br /> <br />(-- <br /> <br />v::~~~~) ri/7z/?~ <br /> <br />... ---- <br />Clerk <br /> <br />1738630v2 <br /> <br />3 <br />