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<br />redemption is in part, those Bonds remaining unpaid which have the latest maturity <br />date will be prepaid first. If only part of the Bonds having a common maturity date <br />are called for prepayment the specific Bonds to be prepaid will be chosen by lot by <br />the Registrar. All prepayments shall be at a price of par plus accrued interest. <br /> <br />The City Council has designated the Bonds as "qualified tax exempt obliga- <br />tions" within the meaning of Section 265(b)(3) of the Internal Revenue Code of <br />1986, as amended (the Code) relating to disallowance of interest expense for <br />financial institutions and within the $10 million limit allowed by the Code for the <br />calendar year of issue. <br /> <br />Additional provisions of this Bond are contained on the reverse hereof and <br />such provisions for all purposes have the same effect as though fully set forth in <br />this place. <br /> <br />This Bond is not be valid or obligatory for any purpose or entitled to any <br />security or benefit under the Resolution until the Certificate of Authentication <br />hereon has been executed by the Bond Registrar by manual signature of one of its <br />authorized representatives. <br /> <br />IN WITNESS WHEREOF, the City of Roseville, Ramsey County, Minnesota, <br />by its City Council, has caused this Bond to be executed on its behalf by the <br />facsimile signatures of the Mayor and City Manager and has caused this Bond to be <br />dated as of the date set forth below. <br /> <br />Dated: <br /> <br />CITY OF ROSEVILLE, MINNESOTA <br /> <br />City Manager <br /> <br />Mayor <br /> <br />CERTIFICATE OF REGISTRATION <br /> <br />(For use if Finance Director is the Registrar) <br /> <br />This Bond has been registered as to principal and interest in the name of the <br />Registered Owner specified above on the registration books of the City of <br />Roseville, Minnesota. <br /> <br />CITY OF ROSEVILLE, MINNESOTA <br /> <br />By <br /> <br />Bond Registrar <br />(City Finance Director) <br /> <br />[Reverse of the Bond] <br /> <br />This Bond is one of an issue in the aggregate principal' amount of $2,000,000 <br />all of like original issue date and tenor, except as to number, maturity date, <br />redemption privilege, and interest rate, all issued pursuant to a resolution adopted <br />by the City Council on February 11, 1991 (the Resolution), for the purpose of <br />providing money to defray the expenses incurred and to be incurred in making local <br />