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which Bond has been issued pursuant to and in full conformity <br /> with the Constitution and laws of the State of Minnesota and <br /> pursuant to a resolution adopted by the City Council of the <br /> Issuer on February 2 3.. 1998 (the "Resolution" ) , for the purpose <br /> of providing money, together with other available funds, to <br /> refund in advance of maturity the currently outstanding General <br /> Obligation Tax Increment Refunding Bonds, Series 1992, dated <br /> February 1, 1992 . This Bond is payable out of the Debt Service <br /> Account of the Issuer' s General Obligation Tax Increment <br /> Refunding Bonds, Series 1998 Fund. This Bond constitutes a <br /> general obligation of the Issuer, and to provide moneys for the <br /> prompt and full payment of its principal, premium, if any, and <br /> interest when the same become due, the Ball faith and credit and <br /> taking powers of the Issuer have been and are hereby irrevocably <br /> pledged. <br /> Denominations; Exchange; Resolution. The Bends are <br /> issuable solely as fully registered bonds in Authorized <br /> Denominations (as defined 'in the Resolution) and are exchangeable <br /> for fully registered Bonds of other Authorized Denominations in <br /> equal aggregate principal amounts at the principal office of the <br /> BU11L3 leg-s L.J.�� &J�� �� ��a �.n= �■■a+ n=- and subs ect to the <br /> limitations provided in the Resolution. Deference is hereby made <br /> to the Resolution for a description of the rights and duties of <br /> the Bond Registrar. Copies of the resolution are on file in the <br /> principal office of the Bond Registrar. <br /> Transfer. This Bond is transferable bar the Holder in <br /> person or by his, her or its attorney dully authorized in writing <br /> at the principal office of the Band Registrar upon presentation <br /> and surrender hereof to the Bond Registrar, all subject to the <br /> terms and conditions provided in the resolution and to reasonable <br /> regulations of the Issuer contained in any agreement with the <br /> Bond Registrar. Thereupon the Issuer shall execute and the Bond <br /> Registrar shall authenticate and deliver, in exchange for this <br /> Bond, one or more new fully registered Bonds in the name of the <br /> transferee (but not registered in blank or to "bearer" or similar <br /> designation) , of an Authorized Denomination or Denominations, in <br /> aggregate principal amount equal to the principal amount of this <br /> Bond, of the same maturity and bearing interest at the same rate. <br /> Fees _ uu on Transfer o r Loss.. The Bond Registrar may <br /> re ire p �a ent of a sum sufficient to cover any tax or other <br /> governmental charge payable in connection with the transfer or <br /> exchange of this Bond and any legal or unusual costs regarding <br /> transfers and lost Bonds . <br /> Treatment of Recristered owners . The Issuer and Bond <br /> Registrar may treat the person in whose name this Bond is <br /> registered as the owner hereof for the purpose of receiving <br /> 906107.01 14 <br />