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<br />the name of the Depository or its Nominee as provided in the <br />Resolution hereinafter described, and as those terms are defined <br />therein, payment of principal of, premium, if any, and interest <br />on this Bond and notice with respect thereto shall be made as <br />provided in the Letter of Representations, as defined in the <br />Resolution, and surrender of this Bond shall not be required for <br />payment of the redemption price upon a partial redemption of this <br />Bond. until termination of the book-entry only system pursuant <br />to the Resolution, Bonds may only be registered in the name of <br />the Depository or its Nominee.]* <br /> <br />REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF <br />THIS BOND SET FORTH ON THE REVERSE HEREOF, WHICH PROVISIONS SHALL <br />FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH 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 performed, <br />precedent to and in the issuance of this Bond, have been done, <br />have happened and have been performed, in regular and due form, <br />time and manner as required by law, and that this Bond, together <br />with all other debts of the Issuer outstanding on the date of <br />original issue hereof and the date of its issuance and delivery <br />to the original purchaser, does not exceed any constitutional or <br />statutory limitation of indebtedness. <br /> <br />IN WITNESS WHEREOF, the City of Roseville, Ramsey <br />County, Minnesota, by its City Council has caused this Bond to be <br />executed on its behalf by the facsimile signatures of its Mayor <br />and its Manager, the corporate seal of the Issuer having been <br />intentionally omitted as permitted by law. <br /> <br />. <br /> <br />Include only until termination of the book-entry only system under paragraph 2 hereof. <br /> <br />1006009.1 <br /> <br />11 <br />