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payable i~, l;~wfid money of the United States of America by check or draft by <br /> , Minnesota, as Bond Registrar, Paying <br />Agent, Trm-~}.t¢:r'A gent and Authenticating Agent, or its designated successor under the Resolution <br />described herein. For the prompt and full payment of such principal and interest as the same <br />respectively become due, the full faith and credit and taxing powers of the City have been and are <br />hereby irrev¢~zably pledged. <br /> <br /> Tim Ciiy m~y elect on February 1, 1997, and on any day thereafter, to prepay Bonds of this <br />issue maturir~g on or after February 1, 1998. Redemption may be in whole or in part of the Bonds <br />subject to lin:payment. If redemption is in part, those Bonds remaining unpaid which have the <br />latest matm4ty date will be prepaid first. If only part of the Bonds having a common maturity date <br />are called for pr¢lmyment the specific Bonds to be prepaid will be chosen by lot by the Registrar. <br />All prepayments shall tx: at a price of par plus accrued interest. <br /> <br /> Additional provisions of this Bond are contained on the reverse hereof and such provisions <br />for all purposes have the same effect as though fully set forth in this place. <br /> <br /> This Bond i:; not valid or obligatory for any purpose or entitled to any security or benefit <br />under the Resoh~tion until the Certificate of Authentication hereon has been executed by the Bond <br />Registrar by re:mu a! signature of one of its authorized representatives. <br /> <br /> IN W[TNF, SS WHEREOF, the City of Ramsey, Anoka County, Minnesota, by its City <br />Council, bas cau.scd this Bond to be executed on its behalf by the facsimile signatures of the Mayor <br />and City Administrator and has caused this Bond to be dated as of the date set forth below. <br /> <br />Dated: <br /> <br />City of Ramsey, Minnesota <br /> <br />· (fac~d:[~j~., _ (facsimile') <br /> City Admi~fi:,trator Mayor <br /> <br /> CERTIFICATE OF AUTHENTICATION <br /> <br />This is (, ~,'~ of' lhe Bonds delivered pursuant to the Resolution mentioned within. <br /> <br />By <br /> Authorized Representative <br /> <br />[Reverse of the Bond] <br /> <br /> This Bond i:,. one of an issue in the aggregate principal amount of $235,000 all of like <br />original issue, date ,md tenor, except as to number, maturity date, redemption privilege, and interest <br />rate, all issued tmrsuant to a resolution adopted by the City Council on November 28, 1989 (the <br />Resolution), f, n' thc purpose of providing money to aid in financing public development costs in a <br />Developmem District (District) in the City, pursuant to and in full conformity with the Constitution <br />and laws of the S'iate of Minnesota, including Minnesota Statutes, Sections 469.174 through <br />469.179, the M it~ nc:sola Tax Increment Financing Act, and Minnesota Statutes, Sections 469.124 <br />through 469.134 ~md the City's home rule charter, and the principal hereof and interest hereon are <br />payable primarily f, om tax increments resulting from increases in taxable valuation of real property <br />in the Tax lnt:n'.m,;nt Financing Districts (TIF Districts) within the District as set forth in the <br /> <br /> <br />