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ill~ITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY VILLAGE OF ROSEVILLE GENERAL IMPROVEMENT BOND SERIES 3 No. $ 5000 KNOW ALL MEN BY THESE PRESENTS that the Village of Roseville, Ramsey County, Minnesota, acknowledges itself to be indebted and for value received prom- ises to pay to bearer the sum of FlVETHOUSAND DOLLARS on the 1st day of July, 19 or, if this bond is redeemable as stated below, on a date prior thereto on which this bond shall have been duly called for earlier redemption, and to pay interest thereon from the date hereof until said principal sum be paid, or until this bond, if redeemable, has been duly called for redemption, at the basic rate of per cent ( %) per annum, and the Village promises to pay additional interest on said principal sum from August 25 , 1967 to July 1, 1968, at the additional rate of one and fifty hundredths per cent (1. 5~) per annum. Interest is payable on July 1, 1968. and semiannually thereafter on each January 1 and July 1, interest to maturity being represented by and payable in accordance with and upon presentation and surrender of the interest coupons appurtenant hereto, comprising one set of coupons representing interest at said basic rate from date of issue to maturity, and a separate coupon designated No. B-1, representing additional interest at the additional rate and for the limited period stated above. Both principal and interest are payable at The First Na tiona 1 Bank of Saint Pa ul , in st. Pau 1 , Minnesota, in any coin or currency of the United States of America which on the respective dates of payment is legal tender for public and private debts. For the prompt and full payment of such principal and interest as the same become due, the full faith, credit, and taxing powers of the Village are hereby irrevocably pledged. This bond is one of a series in the aggregate principal amount of $900,000, all of like date and tenor except as to serial number, maturity date, in- terest rate and redemption privilege, all issued for the purpose of defraying ex- penses incurred in constructing various improvements heretofore duly ordered to be made in accordance with the provisions of Minnesota Statutes, Chapters 429 and 475, including payment of the Temporary Improvement Bonds, Series 2 issued to finance said improvements, and is issued pursuant to and in full conform! ty with the Consti- tution and laws of the State of Minnesota thereunto enabling, and pursuant to reso- lutions duly adopted by the Village Council. This bond is payable primarily from the General Improvement Bond Sinking Fund of the Village, but the Council is re- quired by law to pay maturing principal and interest out of any funds in the treas- ury if moneys on hand in said Sinking Fund are insufficient therefor. -6-