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<br />Section 3. <br /> <br />Fonn of Bond. <br /> <br />3.01. The Bonds will be printed or typewritten in substantially the following fonn: <br /> <br />[Face of the Bond] <br /> <br />No, R- <br />- <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRlGHTON <br /> <br />$ <br /> <br />GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 19978 <br /> <br />Rate <br /> <br />Maturity <br /> <br />Date of <br />Original Issue <br /> <br />CUSIP <br /> <br />February 1, 1997 <br /> <br />Registered Owner: Cede & Co, <br /> <br />The City of New Brighton, Minnesota, a duly organized and eXIstmg municipal <br />corporation in Ramsey County, Minnesota (City), acknowledges itself to be indebted and for <br />value received hereby promises to pay to the Registered Owner specified above or registered <br />assigns, the principal swn of $ on the maturity date specified above, with interest <br />thereon from the date hereof at the annual rate specified above, payable February 1 and August <br />1 in each year, commencing August 1, 1997, to the person in whose name this Bond is registered <br />at the close 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 />hereof are payable in lawful money of the United States of America by check or draft by <br />, MiIUlesota., as Bond Registrar, Paying Agent, <br />Transfer Agent and Authenticating Agent, or its designated successor under the Resolution <br />described herein. For the prompt and full payment of such principal and interest as the same <br />respectively become due, the full faith and credit and taxing powers of the City have been and <br />are hereby irrevocably pledged. <br /> <br />The City may elect on February 1, 2006, and on any day thereafter to prepay Bonds due <br />on or after February 1,2007, Redemption may be in whole or in part and ifin part, at the option <br /> <br />DJK1l5945 <br />NE136-131 <br />