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. . .' the City's Tax Increment District No.4 which the City has duly established within its Development District No.1, but this Bond constitutes a general obligation of the City, and, to provide moneys for the prompt and full payment of said principal installments and interest as the same become due, the full faith, credit and taxing powers of the City are hereby irrevocably pledged, and the City Council is obli- gated to levy ad valorem taxes, if required for such pur- pose, which taxes may be levied on all of the taxable pro- perty in the City without limitation as to rate or amount. This Bond may be assigned but upon such assignment the assignor shall promptly notify the City at the office of the Clerk-Treasurer by registered mail, and the assignee shall surrender the same to the Clerk-Treasurer either in exchange for a new fully registered bond or for transfer of this Bond on the registration records. Each such assignee shall take this Bond subject to this condition. IT IS HEREBY CERTIFIED AND RECITED that all acts, con- ditions, and things required by the Constitution and laws of the State of Minnesota to be done, to have happened, and to be performed precedent to and in the issuance of this Bond have been done, have happened, and have been performed in regular and due form, time, and manner as required by law; and that this Bond, together with all other indebtedness of the City outstanding on the date hereof and on the date of its actual issuance and delivery, does not cause the indebt- edness of the City to exceed any constitutional or statutory limitation thereon. IN WITNESS WBBRECF, the City of New Brighton, Ramsey County, Minnesota, by its City Council, has caused this Bond to be executed by the manual signatures of its Mayor and City Manager; has caused the official seal of the City to be affixed to this Bond; and has caused this Bond to be dated as of , 1983. City Manager Mayor (SEAL) - 6 -