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This Note is issued by the City in aid of financing a project pursuant to and in full <br /> conformity with the Constitution and laws of the State of Minnesota, including the Tax <br /> Increment Act. <br /> This Note may be assigned only with the prior written consent of the City. :In order to <br /> assign the Note, the assignee shall surrender the same to the City either in exchange for a new <br /> fully registered note or for transfer of this Note on the registration records for the Note <br /> maintained by the City. Each permitted assignee shall take this Note subject to the foregoing <br /> conditions and subject to all provisions stated or referenced herein. <br /> IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions, and things <br /> required by the Constitution and laws of the State of Minnesota to be done, to have happened, <br /> and to be performed precedent to and in the issuance of this Note have been done, have <br /> happened, and have been performed in regular and due form, time, and manner as required by <br /> law; and that this Note, together with all other indebtedness of the City outstanding on the date <br /> hereof and on the date of its actual issuance and delivery, does not cause the indebtedness of the <br /> City to exceed any constitutional or statutory limitation thereon. <br /> i <br /> • <br /> 1674205v8 E-3 <br />