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day) of th~ immediately preceding month. The interest hereon and, upon <br />prese~t~tio~ and surrender hereof, the principal hereof are payable in <br />lawfu~ ~-f~o~e7 of the United States of America by check or draft by <br /> , , Minnesota, as Bond <br />Regist~r~ ~'aying Agent, Transfer Agent and Authenticating Agent, or its <br />desig~ted ~uccessor under the Resolution described herein. For the prompt <br />and full~ p~5~raent of such principal and interest as the same respectively <br />becom~ ~t~ ~.he full faith and credit and taxing powers of the City have <br />been and :.~ hereby irrevocably pledged. <br /> <br /> The CJ'.~y may elect on February 1, 1996, and on any interest payment <br />date thereafter.~ to prepay Bonds of this issue maturing on or after <br />February ~ 1997. Redemption may be in whole or in part of the Bonds <br />subject to 'prepayment. If redemption is in part, those Bonds remaining <br />unpaid whicl, have the latest maturity date will be prepaid first. If only <br />part oi ~_he Bonds having a common maturity date are called for prepayment <br />the spe~ifi~ Bonds to be prepaid will be chosen by lot by the Registrar. <br />All. pret, ay~nts shall be chosen by lot by the Registrar. Ail prepayments <br />shall be a~~ a price of par plus accrued interest. <br /> <br /> .Addit~ional provisions of this Bond are contained on the reverse hereof <br />and such provisions shall for all purposes have the same effect as though <br />fully set forth in this place. <br /> <br /> ThJ~; ~ond shall not be valid or become obligatory for any purpose or <br />be et~tit:;led to any security or benefit under the Resolution until the <br />Certificate of Authentication hereon shall have been executed by the Bond <br />Registrar b~ manual signature of one of its authorized representatives. <br /> <br /> lin WITt~ESS WHEREOF, the City of Ramsey, Anoka County, Minnesota, by <br />its City ~ovncil, has caused this Bond to be executed on its behalf by the <br />facsimile signatures of the Mayor and City Administrator and has caused <br />this Bo~d tc~ be dated as of the date set forth below. <br /> <br />Dated: <br /> <br />CITY OF RAMSEY, MINNESOTA <br /> <br /> (iscsimile) (facsimile) <br />City AdmJ.~istrator Mayor <br /> <br /> CERTIFICATE OF AUTHENTICATION <br /> <br /> '£l~is is one of the Bonds delivered pursuant to the Resolution <br />mentio~ed wJthin, o <br /> <br />By <br /> <br />Authorized Representative <br /> <br /> <br />