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City's municipal wastewater treatment system and utility and in <br />aid of financing a "disposal system, or part thereof within the <br />meaning of Minnesota Statutes, Section 115.46. This Bond <br />constitutes a general obligation of the City, and to provide <br />moneys for the prompt and full payment of its principal, premium, <br />if any, and interest when the same become due, the full faith and <br />credit and taxing powers of the City have been and are hereby <br />irrevocably pledged. Each capitalized term which is used but not <br />otherwise defined in this Bond shall have the meaning given to <br />that term in the Resolution. <br /> <br />[For Bonds in Book Entry Only Form, the following paragraph shall <br />be added, and this Bond form (1) may be rearranged so that the <br />signature blocks hereof appear at the end of the main text of <br />this form or (2) may otherwise be -~ended to conform to book <br />entry requirements and the Blanket Letter of Representations.] <br /> <br /> Book Entry Only Form; Blanket Letter of <br />Representations. Pursuant to the Resolution, the Bonds may be <br />issued in Book Entry Only Form, and during any period in which <br />Bonds are in such form, the provisions applicable to the Bonds <br />pursuant to the Blanket Letter of Representations shall apply, <br />notwithstanding any contrary or inconsistent provision herein or <br />in the Resolution. <br /> <br /> Denominations; Exchange; Resolution. The Bonds are <br />issuable solely as fully registered bonds in the denominations of <br />$5,000 and integral multiples thereof of a single maturity and <br />are exchangeable for fully registered bonds of other authorized <br />denominations in equal aggregate principal amounts at the <br />principal office of the Bond Registrar, but only in the manner <br />and subject to the limitations provided in the Resolution. <br />Reference is hereby made to the Resolution for a description of <br />the rights and duties of the Bond Registrar. Copies of the <br />Resolution are on file in the principal office of the Bond <br />Registrar. <br /> <br /> Transfer. This Bond is transferable by the Registered <br />Owner in person or by the Registered Owner's attorney duly <br />authorized in writing at the principal office of the Bond <br />Registrar upon presentation and surrender hereof to the Bond <br />Registrar, all subject to the terms and conditions provided in <br />the Resolution and to reasonable regulations of the City <br />contained in any agreement with the Bond Registrar. Thereupon <br />the City shall execute and the Bond Registrar shall authenticate <br />and deliver, in exchange for this Bond, one or more new fully <br />registered Bonds in the name of the transferee (but not <br />registered in blank or to "bearer" or similar designation), of an <br />authorized denomination or denominations, in aggregate principal <br />amount equal to the principal amount of this Bond, of the same <br />maturity and bearing interest at the same rate. <br /> <br />3Z1121.1 13 <br /> <br /> <br />