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.06, Tem orar Bonds. The City .may elect to -deliver in* lieu of printed definitive. onds one or more typewritten temporary Bonds in substantially. the. form set forth in. EXHHBTT _B attached hereto; with subb changes as may be. necessary to reflect more than one maturity in: h. single temporary bond. Upon the execution and. delivery of definitive Bonds the temporary Bonds. will be exchanged therefor�md cancelled. .Section 3. Form of Bond. 3.01. Execution of the Bonds. The Bonds will be printed 'or'typewritten in substantially the, form attached hereto as EXHIBIT.B. 102. Approving. Legal Opinion, The City Administrator -Clerk is authorized. and directed to. obtain a copy of the proposed approving legal opinion. of Kennedy & Graven, Chartered;..Minneapolis, Minnesota,.* Which is to be complete except as to dating thereof and. cause the opinion to be printed on or accompany each Bond. Section 4: Bonds: Security: Covenants; Escrow. 4,01, Debt. -Service Fund. For the convenience and proper administration of the moneys to be boirowed and repaid on the Bonds, and to provide adequate and specific security for the Purchaser and holders from time to -time. of the, Bonds, there is hereby created a special fund to.beApsignated the General Obligation Refunding Bonds, Series 2015A Debt Service Fund (the "Debt Service Fund.") . to be administered and maintained by the City Treasurer as a Bookkeeping account separate and -apart from all .other -funds maintained in the official .financial. records. -of the City. The Debt Service Fund will be maintained in the manner herein specified until all ofthe Refunded Bonds have .been paid and until all of the Bonds and the interest thereon have been fully paid. To the Debt Service Fund, there is hereby pledged and irrevocably appropriated and there. will be credited; (i):any. balance: remitted to ,the City upon the termination of the Escrow Agreement (#s Herein defined); (ii) taxes hereafter levied for the payment *of the Bonds -and interest thereon;. (iiiy after February 1, 20.16 (the "Redemption Date"),. ad valorgm taxes -collected for .the payment of the Refunded Bonds after the Redemption Date. pursuant to levies..made in the. resolution authorizing the sale and. issuance of the Refunded Bonds -(the "Prior Resolution"), which levies will not be cancelled except as permitted by Section 475.6:1., subdivision 3 of the Act; (iv) all investment earnings on funds in the Debt. Service Fund; and (v) any and:ali other moneys wbich.are properly available and appropriated by the City Council to the .Debt Service Fund. The amotinfiof any surplus remaining in the Debt Service Fund when the Bonds and interest thereon are paid will' be used as provided. in Section 475.6 i, subdivision 4 of the Act: The: debt service fund heretofore established for the Refunded Bonds pursuant to the Prior Resolution -shall be terminated after the Redemption Date, and all monies therein are hereby transferred to the Debt Service Fund herein created. 4.02. Escrow Fund. Proceeds of the Bonds -in fhe�amount of $ will be deposited in a separate fund (the "Refunded Bonds Escrow Fund") maintained by U.S. Bank; National Association; .St. Paul, Minnesota, acting as escrow agent. (the "Refunded Bonds Escrow Agent'). -Sueh fluids will be received by the Refunded Bonds Escrow Agent and applied. to fund the Refunded .Bonds. Escrow Fund, and are hereby irrevocably pledged and appropriated to *the Refunded Bonds Escrow Futld: The Refunded* Bonds Escrow Fund will be held. in a non-interest=bearing cash account, the* amount deposited therein. being. sufficient to (i) :pay when due the interest to accrue on:the Bonds to and including the. Redemption ,Date; and (ii) pay on the Redemption Date the principal amount of the. Refunded. Bonds then outstanding. The, Refunded Bonds Escrow Fund wi ll be: irrevocably appropriated to the- payment of the principal of the Refunded Bonds until the pwoeeds of the Bonds therein are :applied to prepayment of the .Refunded 4.61255v1 GAF GE190-12 -6