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and delivered under this Resolution. When the Bonds have been so prepared, <br />executed and authenticated, the City Administrator w411 deliver the same to the <br />Purchaser upon payment of the purchase price in accordance with the contract of <br />sale heretofore made and executed, and the Purchaser is not obligated to see to the <br />application of the purchase price. <br /> <br /> 2.06. Temporary Bonds. The City may elect to deliver in lieu of printed <br />definitive Bonds one or more typewritten temporary Bonds in substantially the form <br />set forth in Section 3 with such changes as may be necessary to reflect more than one <br />maturity in a single temporary bond. Upon the execution and delivery of definitive <br />Bonds the temporary Bonds will be exchanged therefor and cancelled. <br /> <br />Section 3. Form of Bond. <br /> <br />3.01. 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 />GENERAL OBLIGATION TAX INCREMENT BOND, SERIES 1995A <br /> <br /> Date of <br />Rate Maturity Original Issue CUSIP <br /> <br />No. <br /> <br />Registered Owner: <br /> <br />March 1, 1995 <br /> <br />Kray & Co. <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 maturity date <br />specified above with interest thereon from the date hereof at the annual rate <br />specified above, payable February 1 and August I in each year, commencing August <br />1, 1995, to the person in whose name this Bond is registered at the close of business <br />on the fifteenth day (whether or not a business day) of the immediately preceding <br />month. The interest hereon and, upon presentation and surrender hereof, the <br />principal hereof are payable in lawful money of the United States of America by check <br />or draft by , Minnesota, as Bond <br />Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its <br />designated successor under the Resolution described herein. For the prompt and <br /> <br />SJB84835 <br />RA125-36 <br /> <br /> <br />