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,., !. ! The City of New Brighton, Ramsey County, Minnesota (the "City"), hereby acknowledges itself to be indebted and, for value received, promises to pay to or reg istered assigns (the "Reg istered Owner"), upon pre- sentation and surrender hereof, the principal sum of DOLLARS on the maturity date specified above, or on any earlier date on which this Bond may be and shall have been duly called for prior redemption, and to pay interest to the Registered Owner from the date hereof on such principal sum, until paid, at .the rate of interest specified above, all interest payable on February 1 and August 1 of each year, commencing August 1,1984 (the "Interest Payment Dates.). Both princi- pal of and interest on this Bond are payable at Norwest Bank Minneapolis, N.A., in the City of Minneapolis, Minnesota, or at the office of its duly appointed successor as paying, authenticating, and transfer agent and registrar for the Bonds (the "Bond Registrar"), in any coin or currency of the United States of America which on the date of payment is legal tender for public and private debts. On each Interest -payment Date the Bond Reg istrar will pay the interest then due on this Bond by mailing to the Registered Owner's aedress a check or draft made payable. to the Reg istered Owner, as such name and address of the Registered Owner appear on the registration books of the City maintained for the Bonds by the Bond Registrar (the "Bond Register") at the close of the latest business day of the Bond Registrar which is at least 15 calendar days prior to such Interest -payment Date. (If provisions of the Bonds are to be printed on the reverse side thereof, the face of the Bonds shall contain the fore- going provisions, the last two paragraphs of the Bonds, the signatures of the City officials executing the Bonds, the Certificate of Authentication, and the seal of the City (if the same is to be printed on the Bonds), and the following paragraph shall be inserted on the face of the Bonds immedi- ately preceding the above-mentioned final two paragraphs: REFERENCE IS HEREBY MADE TO THE ADDITIONAL PROVISIONS OF THIS BOND WHICH ARE SET FORTH ON THE REVERSE SIDE HEREOF.) All Bonds of this issue maturing after February 1, 1990, are subject to prior redemption at the option of the City in inverse oreer of maturities on said date and on any interest payment date thereafter at a price of par plus accrued in- terest to date of redemption. If the City elects to prepay - 5 -