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fForrn Cer-tificate] [,rNITED STATES OF A!OERICA STATE OF MINNESOTA C0UNTTY OF RAMSE CITY OF R SEVILLE GENERAL OBLIGATION EQUIPMENT T E TIFI 'ATE OF INDEBTEDNESS E (BELIES 1998) The City of Roscvi lle, Minnesota, a duly organized and existing municipal corporation in P,amsey County, Minnesota (the "City"), acknowledges itself to be indebted and for value received promises to pay to City of Roseville Debt Service Fund 524, the principal sum of $147,457 on March 1, 1 999, with interest thereon from the date hereof at the annual rate of 7.00%, p y payable at maturity■ The interest hereon and. upon presentation and surrender hereof. the rinci al hereof are payable in lawful money of the United States of America by cheek or draft p by the City Finance Officer, Roseville, Minnesota. as Certificate Registrar. For the prompt and full p a y ment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. The City may elect to prepay the Certificate in whole or in Part on any day. This Certificate Is issued pursuant to a resolution adopted by the City Council on March "Resolution"), for the purpose of providing money to defray expenses incurred or �, 1�� (the �� p p to be incurred in F urchasing various items of capital equipment, pursuant to and in full conformit y with the Constitution and lays of the State of Minnesota; including Minnesota Statutes Section 412.301, and the principal hereof and Interest hereon are payable from ad valorem taxes as set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged g for pym exit of this Certificate and the City Council has obligated itself to levy additional ad valorem taxes on all taxable property in the City in the event of any deficiency, which taxes may be levied without limitation as to rate or amount. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist to happen and to be performed preliminary to and in the issuance of this Certificate in order to make it a valid and binding general obligation of the City in accordance with its terms. have been done do exist, have happened and have been performed as so required, and that the issuance of this Certificate does not cause the indebtedness of the City to exceed any constitutional or statutory limitation of indebtedness. BMB137435 RS200-20