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UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY VILLAGE OF ROSEVILLE No. $90,000 GENERAL OBLIGATION SANITARY SEWER IMPROVEMENT BOND KNOW ALL MEN BY THESE PRESENTS That the Village of Roseville, Ramsey County, Minnesota, acknowledges itself to be indebted and for value received hereby promises to pay to bearer on the 15th day of November, 1964, the sum of NINETY THOUSAND DOLLARS and to pay interest thereon from the date hereof until the principal amount is paid at the rate of two and forty hundredths per cent (2.40%) per annum, interest to maturity pay- able May 15, 1963, November 15, 1963, May 15, 1964 and Novem- ber 15, 1964 in accordance with and upon surrender of the interest coupons hereto attached as they severally become due. Both principal of and interest on this bond are payable at The American National Bank of Saint Paul, in St. Paul, Minnesota, in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts. This bond is issued pursuant to and in full conformity with the Constitution and Laws of the State of Minnesota, including Chapter 429, Minnesota Statutes, for the purpose of providing temporary funds to defray the expenses incurred and to be incurred in connection with Sanitary Sewer Improvement No.4, and is payable from the Temporary Sanitary Sewer Improvement Bonds of 1962 Fund out of the proceeds of definitive improvement bonds which shall be issued and sold at or prior to the maturity of this bond, to the extent that the same cannot be paid out of the assessments and taxes theretofore collected or out of any other municipal funds which are properly available and are appropriated for such purpose, but the full faith and credit of the village have been irrevocably pledged for the payment of the principal and interest on this bond and the village will levy a direct ad valorem tax upon all of the taxable property in the village if necessary to provide for any deficiency. At the option of the village, this bond is subject to redemption and prior payment on May 15, 1964 at par and accrued interest upon thirty days' prior mailed notice to The American National Bank of Saint Paul, in St. Paul, Minnesota. IT IS HEREBY CERTIFIED AND RECITED That all acts, conditions and things required by the Constitution and Laws of the State of Minnesota to be done, to happen, and to be performed precedent to and in the issuance of this bond have been done, have happened and have been performed in regular and due time, form and manner as required by law; and that this bond together with all other indebtedness of the village outstanding on the date hereof and the date of its actual issuance and delivery, does not exceed any constitutional or statutory limitation thereon. IN WITNESS WHEREOF, the Village of Roseville, Ramsey County, Minnesota, by its Village Council, has caused this bond to be executed by the Mayor and the Village Clerk and sealed with