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<br />The City of New Brighton, Minnesota, a duly organized and eXlstmg 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 sum of $ on the maturity date specified above without option <br />of prior payment, with interest thereon from the date hereof at the annual rate specified above, <br />payable February 1 and August I in each year, commencing August I, 1997, to the person in <br />whose name this Bond is registered at the close of business on the fifteenth day (whether or not <br />a business day) of the immediately preceding month. The interest hereon and, upon presentation <br />and surrender hereof, the principal hereof are payable in lawful money of the United States of <br />America by check or draft by , Minnesota, as <br />Bond Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its designated <br />successor under the Resolution described herein. For the prompt and full payment of such <br />principal and interest as the same respectively become due, the full faith and credit and taxing <br />powers of the City have been and are hereby irrevocably pledged. <br /> <br />The City Council has designated the issue of Bonds of which this Bond forms a part as <br />"qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the Internal <br />Revenue Code of 1986, as amended (the Code) felating to disallowance of interest expense for <br />financial institutions and within the $10 million limit allowed by the Code for the calendar year <br />of issue. <br /> <br />Additional provisions of this Bond contained on the reverse hereof have the same effect <br />as though fully set forth in this place. <br /> <br />This Bond is not valid or obligatory for any purpose or entitled to any security Of benefit <br />WIder the Resolution until the Certificate of Authentication hereon has been executed by the Bond <br />Registrar by manual signature of one of its authorized representatives. <br /> <br />IN WITNESS WHEREOF, the City of New Brighton, Ramsey County, Minnesota, by its <br />City Council, has caused this Bond to be executed on its behalf by the facsimile or manual <br />signatures of the Mayor and City Manager and has caused this Bond to be dated as of the date <br />set forth below. <br /> <br />Dated: <br /> <br />CITY OF NEW BRIGHTON, <br />MINNESOIA <br /> <br />(Facsimile) <br />City Manager <br /> <br />(Facsimile) <br /> <br />Mayor <br /> <br />DJKllS934 <br />NE136-137 <br />