ERMU RES 18-10 - Laserfiche WebLink

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charges as necessary to provide in each Fiscal Year Net Revenues at least equal to one hundred ten percent of the annual principal and interest payable on all bonds payable from the Debt Service Account in such Fiscal Year; that all provisions for the security of the Series 2018A Bonds set forth in the Resolution will be punctually and faithfully performed as therein stipulated; that all acts, conditions and things required by the Constitution and laws of the State of Minnesota, and the ordinances and resolutions of the City and the Commission to be done, to exist, to happen, and to be performed in order to make this Series 2018A Bond a valid and binding special obligation of the City according to its terms have been done, do exist, have happened and have been performed as so required; and that the issuance of this Series 2018A Bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation. IN WITNESS WHEREOF, the City of Elk River, Sherburne County, State of Minnesota, by the Commission, has caused this Series 2018A Bond to be executed by the signatures of the President and Secretary of the Commission and the Mayor and Clerk of the City and has caused this Series 2018A Bond to be dated as of the Date of Original Issue set forth above. Date of Registration: Registrable by: U.S. BANK NATIONAL ASSOCIATION Payable at: U.S. BANK NATIONAL ASSOCIATION CITY OF ELK RIVER, SHERBURNE COUNTY, MINNESOTA BOND REGISTRAR'S CERTIFICATE OF /s/Facsimile AUTHENTICATION Mayor This Series 2018A Bond is one of the Series 2018A Bonds described in the /s/Facsimile Resolution mentioned within. Clerk U.S. Bank National Association, in St. ELK RIVER MUNICIPAL UTILITIES COMMISSION, Paul, Minnesota SHERBURNE COUNTY, MINNESOTA Bond Registrar /s/Facsimile President By: Authorized Signature Is/Facsimile Secretary 531713v2 JSB EL185-55 B-5