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This Bond is not valid or obligatory for any purpose or entitled to any security or benefit <br />under the Resolution until the Certificate of Authentication hereon has been executed by the <br />Registrar by manual signature of one of its authorized representatives. <br />IN WITNESS WHEREOF, the City of Elk River, Sherburne County, Minnesota, by its <br />City Council, has caused this Bond to be executed on its behalf by the facsimile or manual <br />signatures of the Mayor and City Administrator and has caused this Bond to be dated as of the <br />date set forth below. <br />Dated: <br />CITY OF ELK RIVER, MINNESOTA <br />(Facsimiled Facsimile) <br />City Administrator Mayor <br />CERTIFICATE OF AUTHENTICATION <br />This is one of the Bonds delivered pursuant to the Resolution mentioned within. <br />U.S. BANK NATIONAL ASSOCIATION <br />By <br />The following abbreviations, when used in the inscription on the face of this Bond, will be <br />construed as though they were written out in full according to applicable laws or regulations: <br />TEN COM -- as tenants <br />in common <br />TEN ENT -- as tenants <br />by entireties <br />UNIF GIFT MIN ACT Custodian <br />(Gust) <br />under Uniform Gifts or <br />Transfers to Minors <br />(Minor) <br />398211v2 JSB EL185-15 9 <br />