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• <br />• <br />Until termination of the book -entry only system pursuant to the Resolution, Bonds may <br />only be registered in the name of the Depository or its Nominee.] <br />REFERENCE IS HEREBY MADE TO THE FURTHER PROVISIONS OF THIS <br />BOND SET FORTH ON THE REVERSE HEREOF, WHICH PROVISIONS SHALL FOR <br />ALL PURPOSES HAVE THE SAME EFFECT AS IF SET FORTH HERE. <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br />required by the City Charter, the Constitution and laws of the State of Minnesota to be done, to <br />happen and to be performed, precedent to and in the issuance of this Bond, have been done, have <br />happened and have been performed, in regular and due form, time and manner as required by <br />law, and that this Bond, together with all other debts of the Issuer outstanding on the date of <br />original issue hereof and the date of its issuance and delivery to the original purchaser, does not <br />exceed any charter, constitutional or statutory limitation of indebtedness. <br />IN WITNESS WHEREOF, the City of Ramsey, Anoka County, Minnesota, by its City <br />Council has caused this Bond to be executed on its behalf by the facsimile signatures of its <br />Mayor and its Administrator, the corporate seal of the Issuer having been intentionally omitted as <br />permitted by law. <br />Include only until termination of the book -entry only system under paragraph 2 hereof. <br />1346048v1 8 <br />