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Rate <br />N <br />Section 3. Form of Bond. <br />3.01 * The Bonds will be prepared in substantially the following form: <br />[Face of the Bond] <br />UNITED STATES of AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAM E <br />CITY of ROE ILLE <br />GENERAL OBLIGATION IMPROVEMENT BOND 9 SERIES 19 <br />Maturft <br />The City of Roseville, <br />corporation in Ramsey County, <br />and for value received hereby <br />Date of <br />Original Issue <br />CU IF <br />February 119 1993 778485 <br />Minnesota, a duly organized and existing municipal <br />Minnesota ( City) . acknowledges itself to be indebted <br />promises to pay to <br />BRAY & CO . <br />or registered assigns, the principal sum of on the maturity data <br />specified above without option of prior payment, with interest thereon from the date <br />hereof at the manual rate specified above, payable March 1 and September 1 In each <br />ear, commencing September 1, 1993, to the person in whose name this Bond is <br />registered at the close of business on the fifteenth day (whether or not a business <br />day) of the immediately preceding month. The interest hereon and , upon <br />presentation and surrender hereof, the principal hereof are payable in lawful money <br />of the United Mates of America by check or draft by <br />Minnesota as Bond Registrar, paying <br />Agent, Transfer Agent and Authentieating Agent, or its designated successor under <br />the Resolution described herein . - For the prompt and full gaunt of such principal <br />and interest as the same respectively become due, the full faith and credit and <br />taxing powers of the City have -been and are hereby irrevocably pledged . <br />The City may elect on March It 1999 , and on any date thereafter, to prepay <br />Bonds of this issue maturing on or after March 1, 2000. Redemption may be in whole <br />or in P art of the -Bonds subject to prepayment . If redemption is in part, those Bonds <br />remaining unpaid which have the latest maturity date will be prepaid first. If only <br />p <br />part of the Bonds having a common maturity date are died for prepayment the <br />speciffo. Bonds to be prepaid will be chosen by lot by the Registrar. AR prepayments <br />S hall be at a price of par plus accrued interest / <br />The City Council has designated the Bonds of which this bond is a part as <br />ualified tax exempt obligations" within the meaning of Section 265 (b) (3) of the <br />� ]� i <br />Internal Revenue Code of 1986, as amended (the Code) relating to disallowance of <br />R047O <br />0o -1a 6 <br />