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Ij <br /> <br /> i~ <br /> ii <br /> <br /> <br /> e <br /> <br /> No. R ' UNITED STATES OF AMERICA $ <br /> STATE OF MINNESOTA <br /> j COUNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> ,i <br /> GENERAL OBLIGATION TAX INCREMENT BOND, <br /> SERIES 2007B <br /> <br /> ! Date of <br /> Rate Maturity Original Issue CUSIP <br /> i{ <br /> February 1, 20T June 1, 2007 <br /> <br /> Regis ed Owner: Cede & Co. <br /> <br /> The City of New Brighton, Minnesota, a duly organized and existing municipal <br /> corpo tion in Ramsey County, Minnesota (the "City"), acknowledges itself to be indebted and <br /> for value received hereby promises to pay to the Registered Owner specified above or registered <br /> assigns, the principal sum of $ on the maturity date specified above, with interest <br /> thereo from the date hereof at the annual rate specified above, payable February 1 and August 1 <br /> in each year, commencing February 1, 2008, to the person in whose name this Bond is registered <br /> at the lose of business on the fifteenth day (whether or not a business day) of the immediately <br /> preceding month. The interest hereon and, upon presentation and surrender hereof, the principal <br /> hereo e payable in lawful money of the United States of America by check or draft by Wells <br /> Fargo ank, National Association, Minneapolis, Minnesota, as Registrar, Paying Agent, Transfer <br /> Agent d Authenticating Agent, or its designated successor under the Resolution described <br /> herein. For the prompt and full payment of such principal and interest as the same respectively <br /> become- due, the full faith and credit and taxing powers of the City have been and are hereby <br /> irrevo -ably pledged. <br /> <br /> I The City may elect on February 1, 2018, and on any day thereafter to prepay Bonds due <br /> on or er February 1, 2019. Redemption may be in whole or in part and if in part, at the option <br /> of the City and in such manner as the City will determine. If less than all Bonds of a maturity are <br /> called or redemption, the City will notify Depository Trust Company (DTC) of the particular <br /> amouit of such maturity to be prepaid. DTC will determine by lot the amount of each <br /> partic ant's interest in such maturity to be redeemed and each participant will then select by lot <br /> the b eficial ownership interests in such maturity to be redeemed. Prepayments will be at a <br /> price par plus accrued interest. <br /> <br /> I~ <br /> d <br /> I <br /> 310074 SJBNE136-214 7 <br /> <br /> <br /> { <br /> <br /> ~l <br />