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! <br />Il0 <br /> m <br /> <br />Rate <br /> <br />No. <br /> <br />Sea <br /> <br />3.oi <br /> <br />GENERA <br /> <br />~on ~3. Form of Bond. <br /> <br /> The Bonds will be printed in substantially the following form: <br /> <br /> [Face of the Bond] <br /> <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF ANOKA <br /> CITY OF RAMSEY <br /> <br /> OBLIGATION TAX INCREMENT REFUNDING BOND, SERIES 1993A <br /> <br /> Date of <br /> Maturity Original Issue <br /> <br /> November l, 1993 <br /> <br />CUSIP <br /> <br /> The (~ity of Administrator, Minnesota, a duly organized and existing municipal <br />corporation[in Anoka County, Minnesota (City), acknowledges itself to be indebted <br />and for va]ge ~eceived promises to pay to <br /> <br />or registered ~ssigns, the principal sum of $ on the maturity date <br />specified ~I~ove, with interest thereon from the date hereof at the annual rate <br />specified al)ova, payable February 1 and August 1 in each year, commencing <br />February I 19~4, to the person in whose name this Bond is registered at the close <br />of business on ~he fifteenth day (whether or not a business day) of the immediately <br />preceding ~r~onth. The interest hereon and, upon presentation and surrender <br />hereof, the principal hereof are payable in lawful money of the United States of <br />America bY (ihe~k or draft by , Minnesota, <br />as Bond Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its <br />designatedi :~uc~essor under the Resolution described herein. For the prompt and <br />full paymenl; of ~uch principal and interest as the same respectively become due, the <br />full faith an, credit and taxing powers of the City have been and are hereby irrevo- <br />cably pledg, id <br /> <br /> The (2 [ty inay elect on February 1, 2003, and on any day thereafter, to prepay <br />Bonds of tk ~ i~sue maturing on or after February 1, 2004. Redemption may be in <br />whole or il~ ,ar~ of the Bonds subject to prepayment. If redemption is in part, it <br />shall be in Si ~ch!iorder as the City shall determine. If only part of the Bonds having <br />a common ms ~u~ty date are called for prepayment the specific Bonds to be prepaid <br />will be cho~n by lot by the Registrar. All prepayments shall be at a price of par <br />plus accrue~ in~erest. <br /> The aty iCouncil has designated the Bonds as "qualified tax exempt obliga- <br />tions'' withir~ th~ meaning of Section 265(b) (3) of the Internal Revenue Code of 1986, <br />as amended !(th~ Code) relating to disallowance of interest expense for financial <br /> <br />8NG59540 <br />RA125-35 <br /> <br /> <br />