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<br />Date of <br />Reqistration <br /> <br />Name of <br />Registered <br />_ HolgeL___ <br /> <br />Signature of <br />City_~lerk_ <br /> <br /> <br />e <br /> <br />IN WITNESS WHEREOF, the City of Elk River, Minnesota, by <br />its City Council has caused this Certificate to be executed on <br />its behalf by the signatures of the Mayor and City Clerk, and <br />by affixing the corporate seal of the City hereto, as of the <br />1st day of June, 1991. <br /> <br />Mayor <br /> <br />(SEAL) <br /> <br />City Clerk <br /> <br />PROVISIONS AS TO REGISTRATION <br /> <br />No transfer of this Certificate shall be valid unless made <br />on the Certificate Register of the City at the request of the <br />registered holder or its attorney dUly authorized, and such <br />transfer is similarly noted in the registration blanks below. <br /> <br />e <br /> <br />----.~----------..,.-----.---- B_ ___.~,_ _ __ ~.._.. _._ _..__.,.__~ ._.._______.__......__.._____.,____._.___._____.u...._ <br /> <br />---..-.. -~.,.._-- .-..----..--.--.-.-.-.--..-..--.----.-.--.--. --,-- .--____._._____.__.._.._.._...._~_..__._ ..._.. _.____.. ..._n... <br /> <br />-.--....-".-.-.. ..--..---......--.-.....-.,.-. ---.----.---.------------.--------.--.----.-----.----..-----..--.~_,_._____________.___,____._.,_________m______'__.___.____~ <br /> <br />2.4) E~.~G'tlJ:JQlJ.J3.ng_J)e).j,y~r:y. The Certificates shall he <br />prepared under the direction of the City Clerk and shall be <br />executed on behalf of the City by the signatures of the Mayor <br />and City Clerk and be sealed with the seal of the City. When <br />the Certificates have been so executed they shall be delivered <br />by the City Clerk to the purchaser thereof upon payment of the <br />purchase price, and the purchaser shall not be required to see <br />to the application of the purchase price. <br /> <br />2. 5 )Q.~.si_9JlsLtj.glJ.__Qng~L_lt~c;::_t.iQ!L2_6_~LQlC~J_. The <br />Certificates are hereby designated as "qualified tax-exempt <br />obligations" as such term is defined in Section 265(b)(3) of <br />the Internal Revenue Code of 1986, as amended. <br /> <br />e <br /> <br />Section 3. .t9.91 PoJ,JG~L_.SJ:x_e€:!tJ._aJ!9.J1J~rellan~Q1,.!~ <br />Equipment l"lJJlg. A separate fund is hereby established which <br />shall be called the "1991 Police, Street, and Miscellaneous <br />Equipment Fund." The proceeds of the sale of the Certificates <br />shall be credited to such fund, which shall be used solely to <br />pai the cost of the public safety, public works and other <br />capital equipment purchased, or to be purchased, and expenses <br />incurred in the issuance of the Certificates. After payment of <br />all costs of such equipment and such expenses of issuance, such <br />fund shall be discontinued and any monies remaining therein <br />