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<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 of Centerville, 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 ,2005. <br /> <br />CITY OF CENTERVILLE, ANOKA COUNTY <br />MINNESOTA <br /> <br />Mayor <br /> <br />Clerk <br /> <br />1738630v2 <br /> <br />A-3 <br />