Resolution - #92-01-005 - 01/14/1992

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I certify that the above is a full, true ~nd correct copy of the legal opinion ~endered by bond counsel on the issue of Bonds of the City of P~msey, Minnesota, which includes the within Bond, dated as of the date of delivet~ of and payment for the Bonds. (Facsimile Si~'natur~) City Administl'ator The following abbreviations, when used in the inscription on the face of this Bond, shah be construed as though they were written out in full according to applicable laws or regulations: TEN COM -- as tenants in common UNIF GIFT MIN ACT CustodiAn (Cust) (Minor) TEN ENT -- as tenants by entireties under Uniform Gifts or Transfers to Minors JT TEN -- as joint tenants with right of survivorship and not as tenants in conunon Act ............ (State) Additional abbreviations may also be used though not in the above list. ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. Dated: Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges. The Bond Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. ~N~27508 RA125-32