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<br />. <br /> <br />. <br /> <br />. <br /> <br />Bonds to be issued in the name of the transferee or registered <br />owner, of the same aggregate principal amount, bearing interest <br />at the same rate and maturing on the same date, subject to <br />reimbursement for any tax, fee, or governmental charge required <br />to be paid with respect to such transfer or exchange. <br /> <br />The Issuer and the Registrar may deem and treat the person <br />in whose name this Bond is registered as the absolute owner <br />hereof, whether this Bond is overdue or not, for the purpose of <br />receiving payment and for all other purposes, and neither the <br />Issuer nor the Registrar shall be affected by any notice to the <br />contrary. <br /> <br />(Form of certificate to be printed on the reserve side of each <br />Bond, following a full copy of the legal opinion) <br /> <br />We certify that the above is a full, true, and correct copy <br />of the legal opinion rendered by bond counsel on the issue of <br />Bonds of the City of Elk River, Minnesota, which includes the <br />within Bond, dated as of the date of delivery of and payment <br />for the Bonds. <br /> <br />(Facsimile Signature) <br />City Clerk-Administrator <br /> <br />(Facsimile Signature) <br />Mayor <br /> <br />The following abbreviations, when used in the inscription on <br />the face of this Bond, shall be construed as though they were <br />written out in full according to applicable laws or <br />regulations: <br /> <br />TEN COM -- as tenants <br />in common <br /> <br />UNIF GIFT MIN ACT Custodian <br />(Cust) (Minor) <br /> <br />TEN ENT -- as tenants <br />by the entireties <br /> <br />under Uniform Gifts to Minors <br /> <br />JT TEN <br /> <br />as joint tenants <br />with right of <br />survivorship and <br />not as tenants <br />in common <br /> <br />(state) <br /> <br />Act. . . . . <br /> <br />........ <br /> <br />Additional abbreviations may also be used though not in <br />the above list. <br /> <br />11. <br />