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<br />[F orm of Certificate] <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ROSEVILLE <br /> <br />GENERAL OBLIGATION EQUIPMENT CERTIFICATE OF <br />INDEBTEDNESS (SERIES 1998) <br /> <br />The City of Roseville, Minnesota, a duly organized and existing municipal corporation in <br />Ramsey County, Minnesota (the "City"), acknowledges itself to be indebted and for value <br />received promises to pay to City of Roseville Debt Service Fund 524, the principal sum of <br />$147,457 on March 1, 1999, with interest thereon from the date hereof at the annual rate of <br />7.00%, payable at maturity. The interest hereon and, upon presentation and surrender hereof, the <br />principal hereof are payable in lawful money of the United States of America by check or draft <br />by the City Finance Officer, Roseville, Minnesota, as Certificate Registrar. For the prompt and <br />full payment of such principal and interest as the same respectively become due, the full faith and <br />credit and taxing powers of the City have been and are hereby irrevocably pledged. <br /> <br />The City may elect to prepay the Certificate in whole or in part on any day. <br /> <br />This Certificate is issued pursuant to a resolution adopted by the City Council on March <br />9, 1998 (the "Resolution"), for the purpose of providing money to defray expenses incurred or <br />to be incurred in purchasing various items of capital equipment, pursuant to and in full <br />conformity with the Constitution and laws of the State of Minnesota, including Minnesota <br />Statutes, Section 412.301, and the principal hereof and interest hereon are payable from ad <br />valorem taxes, as set forth in the Resolution to which reference is made for a full statement of <br />rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged <br />for payment of this Certificate and the City Council has obligated itself to levy additional ad <br />valorem taxes on all taxable property in the City in the event of any deficiency, which taxes may <br />be levied without limitation as to rate 0! am01mt <br /> <br />IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, <br />conditions and things required by the Constitution and laws of the State of Minnesota to be done, <br />to exist, to happen and to be performed preliminary to and in the issuance of this Certificate in <br />order to make it a valid and binding general obligation of the City in accordance with its terms, <br />have been done, do exist, have happened and have been performed as so required, and that the <br />issuance of this Certificate does not cause the indebtedness of the City to exceed any <br />constitutional or statutory limitation of indebtedness. <br /> <br />BMB137435 <br />RS20Q-20 <br /> <br />3 <br />