Resolution - #89-11-320 - 11/28/1989

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2.05_ .__E_~x~gution.Authcnticati0n and Delivery_. The Bonds will be prepared under the direction of thc Administrator and executed on behalf of the City by the signatures of the Mayor and the Administrator provided that all signatures may be printed, engraved or lithographed facsimiles o~' the originals. In case any officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of any Bond, such signature or fitcsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligato~ y fi~r a~y purpose or entitled to any security or benefit under this Resolution unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by ~he same representative. The executed certificate of authentication on each Bond is conclusive evidence that it has been authenticated and delivered under this Resolution. When the Bonds haw: bce~ so prepared, executed and authenticated, the Finance Officer shall deliver the same to the Pt~rchaser upon payment of the purchase price in accordance with the contract of sale heretofore nu~dc 'and executed, and the Purchaser is not obligated to see to the application of the purchase pri,:e~ 2.0~,. ~['.u!~ary Bonds. The City may elect to deliver in lieu of printed definitive Bonds one or mot'~: typewritten temporary Bonds in substantially the form set forth in Section 3 with such changes as may be necessary to reflect more than one maturity in a single temporary bond. Upon the execution ;my delivery of definitive Bonds the temporary Bonds will be exchanged therefore and canccllc{ 3.01. ~1 ~hc Bonds will be printed in substantially the following fom~: Face of the Bond UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF RAMSEY ~i]ENERAL OBLIGATION IMPROVEMENT BOND, SERIES Date of R~,~e Maturity Original Issue CUSIP December 1, 1989 No. $ The City cf Ramsey, Minnesota, a duly organized and existing municipal corporation in Anoka Coma,/, Minnesota (City), acknowledges itseff to be indebted and for value received hereby promises to pay to or registered a:qsig~s, the principal sum of $ on the maturity date specified above with interest therco~ t¥.,_nn the date hereof at the annual rate specified above, payable February 1 and August I m each year, commencing August 1, 1990, to the person in whose name this Bond is