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-196- <br /> <br />surrender the same to the City either in exchange for a new fully registered note or for transfer of <br />this Note on the registration records for the Note maintained by the City. Each permitted <br />assignee shall take this Note subject to the foregoing conditions and subject to all provisions <br />stated or referenced herein <br /> <br /> IT IS HBREBY CERTIFIED AND RECITED that all acts, conditions, and things <br />required by the Constitution and laws of the State of Minnesota to be done, to have happened, <br />and to be performed precedent to and in the issuance of this Note have been done, have <br />happened, and have been performed in regular and due form, time, and manner as required by <br />law; 'and that this Note, together with all other indebtedness of the City outstanding on the date <br />hereof and on the date of its actual issuance and delivery, does not cause the indebtedness of the <br />City to exceed any constitutional or statutory limitation thereon. <br /> <br /> ' IN WITNESS WHEREOF, City o'f Ramsey, Minnesota, by its Council, has caused this <br />Note to be executed by the manual signatures of its Mayor and City Administrator and has <br />caused this Note to be issued on and dated, <br /> <br />City Administrator <br /> <br />Mayor <br /> <br />C-3 <br /> <br />! <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I' <br />I <br />I <br />I' <br />I <br />I <br />I <br />I <br />I <br /> <br /> <br />