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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 18 <br /> <br />INTEREST <br />RATE <br /> <br />MATURITY <br />DATE <br /> <br />DATE OF <br />ORIGINAL ISSUE <br /> <br />CUSIP <br /> <br />FEBRUARY 1, 1992 <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" or "City"), <br />certifies that it is indebted and for value received promises to <br />pay to the registered owner specified above, or registered <br />assigns, in the manner hereinafter set forth, the principal <br />amount specified above, on the maturity date specified above, <br />unless 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, 1992, 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 is <br />paid or has been provided for. This Bond will bear interest from <br />the most recent Interest Payment Date to which interest has been <br />paid or, if no interest has been paid, from the date of original <br />issue hereof. The principal of and premium, if any, on this Bond <br />are payable upon presentation and surrender hereof at the <br />principal office of , in <br />(the "Bond Registrar"), <br />acting as paying agent, or any successor paying agent duly <br />appointed by the Issuer. Interest on this Bond will be paid on <br />each 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 maintained <br />by the Bond Registrar and at the address appearing thereon at the <br />close of business on the fifteenth calendar day preceding such <br />Interest PaYment Date (the "Regular Record Date"). Any interest <br /> <br />26250 <br /> <br />23 <br />