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<br />"Regular Record Date"). Any interest not so timely paid shall <br />cease to be payable to the person who is the Holder hereof as <br />of the Regular Record Date, and shall be payable to the person <br />who is the Holder hereof at the close of business on a date <br />(the "Special Record Date") fixed by the Bond Registrar <br />whenever money becomes available for payment of the defaulted <br />interest. Notice of the Special Record Date shall be given to <br />Bondholders not less than ten days prior to the Special Record <br />Date. The principal of and premium, if any, and interest on <br />this Bond are payable in lawful money of the United States of <br />America. <br /> <br />REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS <br />OF THIS BOND SET FORTH ON THE REVERSE HEREOF, WHICH PROVISIONS <br />SHALL FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH <br />HERE. <br /> <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, <br />conditions and things required by the Constitution and laws of <br />the State of Minnesota to be done, to happen and to be <br />performed, precedent to and in the issuance of this Bond, have <br />been done, have happened and have been performed, in regular <br />and due form, time and manner as required by law, and that <br />this Bond, together with all other debts of the Issuer <br />outstanding on the date of original issue hereof and the date <br />of its issuance and delivery to the original purchaser, does <br />not exceed any constitutional or statutory limitation of <br />indebtedness. <br /> <br />IN WITNESS WHEREOF, the City of Roseville, Ramsey <br />County, Minnesota, by its City Council has caused this Bond to <br />be executed on its behalf by the original or facsimile <br />signatures of its Mayor and its Manager, the corporate seal of <br />the Issuer having been intentionally omitted as permitted by <br />law. <br />