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• <br />• <br />• <br />REGISTERED OWNER: <br />1 160734.1 <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />ANOKA COUNTY <br />CITY OF RAMSEY <br />R- <br />GENERAL OBLIGATION TAX INCREMENT BOND, SERIES 2000B <br />INTEREST MATURITY DATE OF <br />RATE DATE ORIGINAL ISSUE CUSIP <br />PRINCIPAL AMOUNT: DOLLARS <br />The City of Ramsey, Anoka County, Minnesota (the "Issuer "), certifies that it is <br />indebted and for value received promises to pay to the registered owner specified above, or <br />registered assigns, in the manner hereinafter set forth, the principal amount specified above, on <br />the maturity date specified above, unless called for earlier redemption, and to pay interest thereon <br />semiannually on February 1 and August 1 of each year (each, an "Interest Payment Date "), <br />commencing February 1, 2001, at the rate per annum specified above (calculated on the basis of <br />a 360 -day year of twelve 30 -day months) until the principal sum is paid or has been provided for. <br />This Bond will bear interest from the most recent Interest Payment Date to which interest has <br />been paid or, if no interest has been paid, from the date of original issue hereof. The principal of <br />and premium, if any, on this Bond are payable upon presentation and surrender hereof at the <br />Milwaukee, Wisconsin office of Firstar Bank, N.A., 1555 North Rivercenter Drive, Milwaukee, <br />Wisconsin 53212, Attention: Corporate Trust Services, Suite 301 (the "Bond Registrar "), acting <br />as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this <br />Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose <br />name this Bond is registered (the "Holder" or "Bondholder ") on the registration books of the <br />Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of <br />business on the fifteenth day of the calendar month next preceding such Interest Payment Date <br />(the "Regular Record Date "). Any interest not so timely paid shall cease to be payable to the <br />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 />9 <br />JUNE 1, 2000 <br />