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Qualified Tax- Exempt Obligation. _ The Bonds have been designated by the Issuer as a <br />"qualified tax- exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue <br />Code of 1986, as amended. <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br />required by the Constitution, Charter of the Issuer and laws of the State of Minnesota to be done, <br />to happen and to be performed, precedent to and in the issuance of this Bond, have been done, <br />have happened and have been performed, in regular and due form, time and manner as required <br />by law, and that this Bond, together with all other debts of the Issuer outstanding on the date of <br />original issue hereof and the date of its issuance and delivery to the original purchaser, does not <br />exceed any constitutional, charter or statutory limitation of indebtedness. <br />IN WITNESS WHEREOF, the City of Ramsey, Anoka County, Minnesota, by its City <br />Council has caused this Bond to be executed on its behalf by the facsimile signatures of its <br />Mayor and its Administrator, the corporate seal of the Issuer having been intentionally omitted as <br />permitted by law. <br />Date of Registration: Registrable by: NORTHLAND TRUST SERVICES, <br />INC. <br />BOND REGISTRAR'S <br />CERTIFICATE OF <br />AUTHENTICATION <br />This Bonds is one of the <br />Bonds described in the <br />Resolution mentioned <br />within. <br />U.S. BANK NATIONAL <br />ASSOCIATION <br />St. Paul, Minnesota <br />Bond Registrar <br />LIZA <br />Authorized Signature <br />Payable at: NORTHLAND TRUST SERVICES, <br />INC. <br />C� <br />CITY OF RAMSEY, • <br />ANOKA COUNTY, MINNESOTA <br />/s/ Facsimile <br />Mayor <br />/s/ Facsimile <br />Administrator. <br />• <br />1988178v1 <br />9 <br />-218- <br />