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R- $ <br /> GENERAL OBLIGATION STREET RECONSTRUCTION BOND, SERIES 2017A <br /> Interest Rate Maturity Date Date of Original CUSIP <br /> Issue <br /> December 15, August 17, 2017 751813 <br /> REGISTERED OWNER: CEDE & CO. <br /> PRINCIPAL AMOUNT: DOLLARS <br /> THE CITY OF RAMSEY, ANOKA COUNTY, MINNESOTA (the "Issuer"), certifies <br /> that it is indebted and for value received promises to pay to the registered owner specified above, <br /> or registered assigns, in the manner hereinafter set forth, the principal amount specified above, <br /> on the maturity date specified above, unless called for earlier redemption and to pay interest <br /> thereon semiannually on June 15 and December 15 of each year(each, an "Interest Payment <br /> Date"), commencing June 15, 2018, at the rate per annum specified above (calculated on the <br /> basis of a 360-day year of twelve 30-day months)until the principal sum is paid or has been <br /> provided for. This Bond will bear interest from the most recent Interest Payment Date to which <br /> interest has been paid or, if no interest has been paid, from the date of original issue hereof The <br /> principal of and premium, if any, on this Bond are payable upon presentation and surrender <br /> hereof at the principal office of Bond Trust Services Corporation, in Roseville, Minnesota(the <br /> "Bond Registrar"), acting as paying agent, or any successor paying agent duly appointed by the <br /> Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed <br /> to the person in whose name this Bond is registered (the "Holder" or "Bondholder") on the <br /> registration books of the Issuer maintained by the Bond Registrar and at the address appearing <br /> thereon at the close of business on the first day of the calendar month of such Interest Payment <br /> Date (the "Regular Record Date"). Any interest not so timely paid shall cease to be payable to <br /> the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the <br /> person who is the Holder hereof at the close of business on a date (the "Special Record Date") <br /> fixed by the Bond Registrar whenever money becomes available for payment of the defaulted <br /> interest. Notice of the Special Record Date shall be given to Bondholders not less than ten days <br /> prior to the Special Record Date. The principal of and premium, if any, and interest on this Bond <br /> are payable in lawful money of the United States of America. So long as this Bond is registered <br /> in the name of the Depository or its Nominee as provided in the Resolution hereinafter described, <br /> and as those terms are defined therein,payment of principal of, premium, if any, and interest on <br /> this Bond and notice with respect thereto shall be made as provided in the Letter of <br /> Representations, as defined in the Resolution, and surrender of this Bond shall not be required <br /> for payment of the redemption price upon a partial redemption of this Bond. Until termination of <br /> the book-entry only system pursuant to the Resolution, Bonds may only be registered in the <br /> name of the Depository or its Nominee. <br /> Optional Redemption. All Bonds of this issue (the "Bonds")maturing December 15, <br /> 2027 and thereafter are subject to redemption and prepayment at the option of the Issuer on <br /> December 15, 2026, and on any date thereafter at a price of par plus accrued interest. <br /> 6 <br /> 8394444v1 <br />