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Signature (ma-~anteed: <br /> <br />Signature(s) must be guaranteed by a national bank or trust company or by a <br />brokerage ft~m having a membership in one of the major stock exchanges. <br /> <br /> The Bond Registrar will not effect transfer of this Bond unless the <br />informatlor~ concerning the assignee requested below is provided. <br /> <br />Name and Addcess: <br /> <br />(Include information for all joint owners if <br />the Bond is held by joint account.) <br /> <br />Please i'~sert social security or <br />other ldenti~!ying number of assignee <br /> <br /> 3~()2. The City Administrator shall obtain a copy of the proposed <br />approving iLegal opinion of LeFevere, Lefler, Kennedy, O'Brien & Drawz, a <br />Professionai Association, Minneapolis, Minnesota, which shall be complete <br />except as to dating thereof and shall cause the opinion to be printed on <br />each Bo~d~ together with a certificate to be signed by the facsimile <br />signature of the City Administrator in substantially the form set forth in <br />the form oi ~ond. The City Administrator is hereby authorized and directed <br />to execute ~mch certificate in the name of the City upon receipt of such <br />opinion and ~o file the opinion in the City offices. <br /> <br />Section 4. Security: Payment. <br /> <br /> 4~01. The Bonds shall be payable from the General Obligation Taxable <br />Tax Inczeme~t Bonds, Series 1987C Debt Service Fund (Debt Service Fund) <br />hereby (~raated, and all tax increments (Tax Increments) from the Tax <br />Increment Finance District (the District) in which the project financed by <br />the Bonds is located received by the City are hereby pledged to the Debt <br />Service F, md to the extent necessary to pay principal of and interest on <br />the Bonds~ Funds representing capitalized interest in the amount of <br />$ 20~.~ ...... will be deposited in the Debt Service Fund. If any payment of <br />principal or interest on the Bonds shall become due when there is not <br />sufficieat ,~oney in the Debt Service Fund to pay the same, The Treasurer <br />shall paw such principal or interest from the general fund of the City and <br />the genera} fund shall be reimbursed for such advances out of proceeds of <br />Tax IItc cqments when received. <br /> <br /> 4.02. 'It is hereby determined that the estimated collection of Tax <br />Increments for payment of principal and interest on the Bonds will produce <br />at le~,st ]Jve percent in excess of the amount needed to meet, when due, the <br /> <br />10 <br /> <br /> <br />