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Signature(s) must be guaranteed by a national bank or trust company or <br />by a brokerage firm having a membership in one of the major stock <br />exchanges. <br /> <br /> The Bond Registrar will not effect transfer of this Bond <br />unless the information concerning the assignee requested below is <br />provided. <br /> <br />Name and Address: <br /> <br />(Include information for all joint owners if <br />the Bonds are held by joint account) <br /> <br />Please insert social security or <br />other identifying number of assignee <br /> <br /> 2.02. The Clerk-Treasurer shall obtain a copy of the <br />proposed approving legal opinion of LeFevere, Lefler, Kennedy, O'Brien <br />& Drawz, a Professional Association, Minneapolis, Minnesota, which <br />shall be complete except as to dating thereof and shall cause the <br />opinion to be printed on each Bond, together with a certificate to be <br />signed by the facsimile signature of the Clerk-Treasurer in substan- <br />tially the form set forth in the form of Bond. The Clerk-Treasurer is <br />hereby authorized and directed to execute such certificate in the name <br />of the City upon receipt of such opinion and to file the opinion in <br />the City offices. <br /> <br />Section 3. Refundin~ Bonds: Security. <br /> <br /> 3.01. The Refunding Bonds shall be payable from the General <br />Obligation Refunding ~provement Bonds, Series 1985 Debt Service Fund <br />(Debt Service Fund) hereby created, and the proceeds of special <br />assessments heretofore levied pursuant to Minnesota Statutes, Chapter <br />429 for the improvements (Improvements) financed by the Refunded Bonds <br />and general taxes, if any, hereinafter levied are hereby pledged to <br />the Debt Service Fund. The debt service fund (but not the construe- <br />tion fund) heretofore established for the Refunded Bonds is terminat- <br />ed, and all monies therein are hereby transferred to the Debt Service <br />Fund herein created; provided, however, that the Clerk-Treasurer is <br />hereby authorized and directed to transfer from said debt service fund <br />those amounts determined by actuarial calculation at the time of <br />delivery of the Refunding Bonds to be necessary to properly fund the <br />Escrow Account established by Section 4 of this resolution. If any <br />payment of principal or interest on the Refunding Bonds shall become <br />due when there is not sufficient money in the Debt Service Fund to pay <br />the same, the Clerk-Treasurer shall pay such principal or interest <br /> <br /> <br />