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UNITED STATES OF AMERICA STATE OF MINUESOTA COUNTY OF RAMSEY VILLAGE OF ROSEVILLE TEMPORARY IMPROVEMENT BOND OF 1970 No. $5,000 KNOW ALL MEN BY THESE PRESENTS that the Village of Roseville, a duly or- ganized and existing municipal corporation of the County of Ramsey, State of Minnesota, acknowledges itself to be indebted and for value received promises to pay to bearer the sum of FIVE THOUSAND DOLLARS on the 1st day of May, 1973, or on a date prior thereto on which this bond shall have been duly called for redemption, and to pay interest thereon at the rate of Five and Fifty Hundredths per cent ( 5.50 ) per annum from the date hereof until said principal sum be paid or until this bond be duly called for redemption, payable on each May 1 and November 1, commencing on November 1, 1970, interest to maturity being represented by and payable in accordance with and upon presentation and surrender of the inter- est coupons appurtenant hereto. Both principal and interest are payable at The Firat 'ational Bank of Saint Paul, St.Paul, 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 respectively become due the full faith, credit and taxing powers of the Village are hereby irrevocably pledged. This bond is one of an issue in the aggregate principal amount of $1,595,000, all of like date and tenor except as to serial number, all issued for the purpose of defraying expenses incurred and to be incurred in cons tructing local improvements in said Village heretofore duly ordered and contracted to be made in accordance with the provisions of Minnesota Statutes, Chapter 429, and is issued pur- suant to and in full conformity with the Constitution and laws of the State of Minnesota thereunto enabling, and pursuant to resolutions duly adopted by the Village Council. This bond is payable primarily from the Temporary Improvement Bond Fund of said Village, to which fund there have been irrevocably appropriated the special assessments to be levied in respect of the improvements finaI1ced.by said issue, and into which fund there are to be paid the proceeds of definitive improve- ment bonds which the Village is required by law to issue at or prior to the maturity of this bond for the pUTpose of refunding the same so far as the collections of taxes and special assessments on hand in said fund are not sufficient for the pay- ment thereof. All bonds of this issue are each subject to redemption and prepayment at the option of the Village on May 1 or November 1, 1972, at par and accrued interest, on notice of call for redemption published not less than 30 days before the date specified for redemption in a financial newspaper published in a Minnesota city ot the first class, or its metropolitan area. -5-