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<br />IN WITNESS WHEREOF, the City of Elk River, Sherburne County, Minneso~ by its <br />City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its <br />Mayor and its City Administrator, the corporate seal of the Issuer having been intentionally <br />omitted as permitted by law. <br /> <br />Date of Registration: <br /> <br />Registrable by: U.S. BANK NATIONAL <br />ASSOCIATION <br /> <br />BOND REGISTRAR'S <br />CERTIFICATE OF <br />AUTHENTICATION <br />This Bond is one of the <br />Bonds described in the <br />Resolution mentioned <br />Within. <br /> <br />Payable at: <br /> <br />U.S. BANK NATIONAL <br />ASSOCIATION <br /> <br />CITY OF ELK RIVER, SHERBURNE COUNTY, <br />MINNESOTA <br /> <br />U.S. Bank National Association <br />St. Paul, Minneso~ <br />Bond Registrar <br /> <br />/s/ Facsimile <br />Mayor <br /> <br />By <br /> <br />Authorized Signature <br /> <br />/s/ Facsimile <br />City Administrator <br /> <br />10 <br />