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I <br />I <br />I <br />I <br />i <br /> I <br /> <br /> I <br /> <br />I <br />I <br />I <br />I <br /> i <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />Date of Registration: <br /> <br />Registrable by: U.S. BANK TRUST NATIONAL <br /> ASSOCIATION <br /> <br />Payable at: <br /> <br />U.S. BANK TRUST .NATIONAL <br />ASSOCIATION <br /> <br />BOND REGISTRAR'S <br />CERTIFICATE OF <br />AUTHENTICATION <br />This Bond is one of the <br />Bonds described in the <br />Resolution mentioned <br />within. <br /> <br />CITY OF RAMSEY, <br />ANOKA COUNTY, MINNESOTA <br /> <br />/si Facsimile <br /> <br />Mayor <br /> <br />/s/ Facsimile <br /> <br />Administrator <br /> <br />U.S. BANK TRUST NATIONAL <br />ASSOCIATION <br />St. Patti, Minnesota <br />Bond Registrar <br /> <br />By. <br /> <br />Authorized Signature <br /> <br />ON REVERSE OF BOND <br /> <br /> Redemption. All Bonds of this issue (the "Bonds") maturing in the years 2007 to 201 l, <br />both inclusive, are subje_c.~o redemption and prepayment at the option of the Issuer on December <br />15, 2006, and on any dat~e~ilereafter at a price of par plus accrued interest. Redemption may be <br />in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities <br />and the principal amounts within each maturity to be redeemed shall be determined by the Issuer; <br />and if only part of the Bonds having a common maturity date are called for prepayment, the <br />specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions <br />thereof called for redemption shall be due .and payable on the redemption date, and interest <br />thereon shall cease to accrue from and after the redemption date. Notice of redemption shall be <br />given by registered or certified mail at least thirty (30) days prior to the date fixed for redemption <br />to the paying agent and to each affected Holder of the Bonds at the address shown on the <br />registration books. <br /> <br /> Selection of Bonds for Redemption: Partial Redemption. To effect a partial redemption of <br />Bonds having a common maturity date, the Bond Registrar shall assign to each Bond having a <br /> <br /> l0 <br />1237935.1 <br /> <br /> <br />