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Dated: <br /> <br />Notice: <br /> <br />The assignor's signature to th~s assignment must correspond <br />with the name as it appears upon the face of the within Bond in <br />every particular, without alteration or any chan~ whatever. <br /> <br />Signature Guaranteed: <br /> <br />Signature(s) must be guaranteed by a national bank or trust company or by a <br />brokerage firm having a membership in one of the m~jor stock exchanges. <br /> <br /> The Bond Registrar will not effect transfer of this Bond unless the information <br />concerning the assignee requested below is provided. <br /> <br /> Name and Address: <br /> <br />(Include information for all joint owners if <br />this Bond is held by joint account. ) <br /> <br />Please insert social security or other <br />identifying number of assignee <br /> <br /> 3.02. The City Administrator is directed to obtain a copy of the proposed <br />approving legal opinion of Holmes & Graven, Chartered, Minneapolis, Minnesota, <br />which is to be complete except as to dating thereof and to cause the opinion to be <br />printed on each Bond, together with a certificate to be signed by the facsimile <br />signature of the Administrator in substantially the form set forth in the form of <br />Bond. The Administrator is authorized and directed to execute such certificate in <br />the name of the City upon receipt of such opinion and to file the opinion in the City <br />offices. <br /> <br />Section 4. Payment: Security: Pled~es and Covenants. <br /> <br /> 4.01. (a) The Bonds are payable from the Improvement Bonds, Series 1992B <br />Debt Service Fund (Debt Service Fund) hereby created, and the proceeds of general <br />taxes hereinafter levied (Taxes), and special assessments (Assessments) levied or <br />to be levied for the improvements (Improvements) financed by the Bonds and the <br />Refunded Bonds as herein defined are hereby pledged to the Debt Service Fund. <br />If any payment of principal or interest on the Bonds shall become due when there is <br />not sufficient money in the Debt Service Fund to pay the s~me, the Administrator is <br />directed to pay such principal or interest from the general fund of the City, and the <br />general fund will be reimbursed for such advances out of the proceeds of <br />Assessments and Taxes when collected. There is appropriated to the Debt Service <br />Fund all capitalized interest financed from Bond proceeds, if any, any amount over <br />the minimum purchase price paid by the Purchaser and the accrued interest paid by <br />the Purchaser upon closing and delivery of the Bonds. <br /> <br />RA~25-32 <br /> <br /> <br />