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[Face of the Bond] <br /> <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF ANOKA <br /> CITY OF RAMSEY <br /> <br /> GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 1992B <br /> <br /> Date of <br />Rate Maturity Oriffinal Issue CUSIP <br /> <br /> February 1, 1992 <br /> <br />No. $ <br /> <br /> The City of Ramsey, Minnesota, a duly organized and existing municipal <br />corporation in Anoka County, Minnesota (City), acknowledges itself to be indebted <br />and for value received hereby promises to pay to <br /> <br />or registered assigns, the principal sum of $ on the mturity date <br />specified above without option of prior payment, with interest thereon from the date <br />hereof at the annual rate specified above, payable February ! and August 1 in each <br />year, commencing August 1, 1992, to the person in whose name th~ Bond is regis- <br />tered at the close of business on the fifteenth day (whether or not a business day) <br />of the immediately preceding month. The interest hereon and, upon presentat/on <br />and surrender hereof, the principal hereof are payable in lawful money of the Un/ted <br />States of America by check or draft by , <br />Minnesota, as Bond Registrar, Paying Agent, Transfer Agent and Authenticating <br />Agent, or its designated successor under the Resolution described herein. For the <br />prompt and full payment of such principal and interest as the same respectively <br />become due, the full faith and credit and taxing powers of the City have been and <br />are hereby irrevocably pledged. <br /> <br /> The City Council has designated the Bonds as "qualified tax exempt obliga- <br />tions" within the meaning of Section 265(b) (3) of the Internal Revenue Code of 1986, <br />as amended (the Code) relating to disallowance of interest expense for f~n~no.i~! <br />institutions and within the $10 mi]Hon limit allowed by the Code for the ~lendar year <br />of issue. <br /> <br /> Additional provisions of this Bond are cont~ned on the reverse hereof and <br />such provisions for all purposes have the same effect as though fully set forth in <br />this place. <br /> <br /> This Bond is not be valid or obligatory for any purpose or entitled to any <br />security or benefit under the Resolution until the Certificate of Authentication <br />hereon has been executed by the Bond Registrar by rru~nual signature of one of its <br />authorized representatives. <br /> <br />8/~G27511 <br /> <br /> <br />