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CERTIFICATE OF REGISTRATION <br /> <br /> It is hereby certified that the foregoing Certificate was as of the latest date specified <br />below registered in the name of the last Registered Owner noted below and that, at the <br />request of said Registered Owner of this Certificate, the undersigned City Finance Director <br />has as of said applicable date registered the Certificate as to principal and interest in the <br />name of such Registered Owner, as indicated in the registration blank below, on the books <br />kept by the undersigned for such purposes. <br /> <br />NAME OF <br />REGISTERED OWNER <br /> <br />DATE OF <br />REGISTRATION <br /> <br />SIGNATURE OF CITY <br />FINANCE DIRECTOR <br /> <br />First National Bank <br />of Elk River <br /> <br />, 1998 <br /> <br />(End of Form of Certificate) <br /> <br />37~ffi. 1 5 <br /> <br /> <br />