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<br />lease insert social security or other <br />dentifying number of assignee <br /> <br />PROVISIONS AS TO REGISTRATION <br /> <br />The ownership of the principal of and interest on the within Bond has been registered on <br />he books of the Registrar in the name of the person last noted below. <br /> <br /> <br />Reg:istered Owner <br /> <br />Signature of <br />Officer of Reg:istrar <br /> <br />Cede & Co. <br />Federal ID #13-2555119 <br /> <br /> <br />.02. The City Finance Director is directed to obtain a copy of the proposed approving legal <br />pinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, which is to be complete except <br />s to dating thereof and to cause the opinion to be printed on or accompany each Bond. <br /> <br />Payment: Security: Pledg:es and Covenants. <br /> <br />.01. The Bonds are payable from the General Obligation Tax Increment Bonds, Series 2004A <br />ebt Service Fund (Debt Service Fund) hereby created, and the City hereby pledges to the Debt <br />Service Fund the Available Tax Increments as defmed in this section in the amount necessary to <br />ay when due the principal of and interest on the Bonds. The term "Available Tax Increments" <br />eans tax increments derived from Tax Increment Financing District (TIF District) Nos. 4 through <br />8, 10 through 14 and 16 through 18. The pledge of Available Tax Increments to the Bonds is <br />subordinate to the pledge of Available Tax Increments (or portions thereof) to: the City's General <br />Obligation Tax Increment Bonds, Series 1997C; the City's General Obligation Taxable Tax <br />Increment Bonds, Series 1997D; and any outstanding contracts payable from Available Tax <br />Increments. The pledge of Available Tax Increment to the Bonds is on parity with the pledge of <br />Available Tax Increments (or portions thereof) to the City's General Obligation Tax Increment <br />Bonds, Series 2001B and General Obligation Taxable Tax Increment Bond, Series 2001e. The <br />Council may from time to time by resolution direct the Finance Director as to the relative portion <br />of debt service payments on the Bonds that is to be charged to each TIF District, but in the absence <br />of such direction the determination may be made by the Finance Director subject to the limitations <br />described in this paragraph. If a payment of principal or interest on the Bonds becomes due when <br />there is not sufficient money in the Debt Service Fund to pay the same, the City Finance Director <br /> <br />518-252 4vl <br />NE136-1 <br />