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<br />(I <br /> <br />ection 3. <br /> <br />Form of Bond. <br /> <br />.01. The Bonds will be printed or typewritten in substantially the following form: <br /> <br />No.R- <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRJGHTON <br /> <br />$ <br /> <br />GENERAL OBLIGATION TAX INCREMENT BOND, <br />SERIES 2006A <br /> <br />Rate <br /> <br />Maturity <br /> <br />Date of <br />Original Issue <br /> <br />CUSIP <br /> <br />February 1,20_ <br /> <br />July 15,2006 <br /> <br /> <br />Cede & Co. <br /> <br />he City of New Brighton, Minnesota, a duly organized and eXIstmg municipal <br />ion in Ramsey County, Minnesota (the "City"), acknowledges itself to be indebted and <br />for val received hereby promises to pay to the Registered Owner specified above or registered <br />assign , 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 eac ear, commencing February 1,2007, to the person in whose name this Bond is registered <br />at the ose of business on the fifteenth day (whether or not a business day) of the immediately <br />preced g month. The interest hereon and, upon presentation and surrender hereof, the principal <br />hereof 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 />becom due, the full faith and credit and taxing powers of the City have been and are hereby <br />irrevo bly pledged. <br /> <br />on or <br />of the <br />called <br />amo <br />partici <br />the be <br />price <br /> <br /> <br />he City may elect on February 1, 2017, and on any day thereafter to prepay Bonds due <br />er February 1, 2018. Redemption may be in whole or in part and if in part, at the option <br />ity and in such manner as the City will determine. If less than all Bonds of a maturity are <br />r redemption, the City will notify Depository Trust Company ("DTC") of the particular <br />of such maturity to be prepaid. DTC will determine by lot the amount of each <br />1's interest in such maturity to be redeemed and each participant will then select by lot <br />ficial ownership interests in such maturity to be redeemed. Prepayments will be at a <br />par plus accrued interest. <br /> <br />7 <br /> <br />II <br />