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<br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />RAMSEY COUNTY <br />CITY OF ROSEVILLE <br /> <br />R- <br /> <br />$ <br /> <br />GENERAL OBLIGATION IMPROVEMENT <br />BOND, SERIES 15 <br /> <br />INTEREST <br />RATE <br /> <br />MATURITY <br />DATE <br /> <br />DATE OF <br />ORIGINAL ISSUE <br /> <br />CUSIP <br /> <br />March 1, 1989 <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br />DOLLARS <br /> <br />KNOW ALL PERSONS BY THESE PRESENTS that the City of <br />Roseville, Ramsey County, Minnesota (the "Issuer"), certifies <br />that it is indebted and for value received promises to pay to <br />the registered owner specified above, or registered assigns, <br />in the manner hereinafter set forth, the principal amount <br />specified above, on the maturity date specified above, unless <br />called for earlier redemption, and to pay interest thereon <br />semiannually on March 1 and September 1 of each year (each, an <br />"Interest Payment Date"), commencing September 1, 1989, at the <br />rate per annum specified above (calculated on the basis of a <br />360-day year of twelve 30-day months) until the principal sum <br />is paid or has been provided for. This Bond will bear <br />interest from the most recent Interest Payment Date to which <br />interest has been paid or, if no interest has been paid, from <br />the date of original issue hereof. The principal of and <br />premium, if any, on this Bond are payable upon presentation <br />and surrender hereof at the principal office of <br />/ , in <br />(the "Bond Registrar"), acting as <br />paying agent, or any successor paying agent duly appointed by <br />the Issuer. Interest on this Bond will be paid on each <br />Interest Payment Date by check or draft mailed to the person <br />in whose name this Bond is registered (the "Holder" or <br />"Bondholder") on the registration books of the Issuer <br />maintained by the Bond Registrar and at the address appearing <br />thereon at the close of business on the fifteenth day of the <br />calendar month next preceding such Interest Payment Date (the <br />