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" .. ,~ Notice of any such prepayment shall be given to the owner or registered assigns of the Bond by certified or regis- tered mail, address~d to him at his registered address, not less than thirty (30) days prior to the date fixed for prepayment, and shall be published, if required by law, in a financial journal circulated in the English language in the cities of Minneapolis or St. Paul, Minnesota, at least once, not less than thirty (30) days before the date so fixed for prepayment. At the date fixed for prepayment, funds shall be paid to the owner hereof at the office of the Bank or shall be deposited with the Bank, sufficient to pay the Bond, or the principal amount thereof to be prepaid, accrued interest thereon and premium, if any. Upon the happening of the above conditions, the Bond thus called or the principal portions thereof prepaid shall not bear interest after the date specified for prepayment. This Bond is transferable, as provided in the Bond Resolution, only upon the bond register of the City Clerk, as bond registrar, by the owner hereof in person or by his duly authorized attorney,'as provided in the Bond Resolution. In case an Event of Default as defined in the Loan Agreement occurs, this Bond and the Loan Repayments thereafter to become due under the Loan Agreement may become immediately due and payable, in the manner and with the effect and subject to the conditions provided in the Loan Agreement. The Holder of this Bond shall have the right to enforce the provisions of the Bond Resolution, Loan Agreement, Assignment and Pledge Agreement, Mortgage and Assignment of Rents. The terms and provisions of the Bond Resolution, Loan Agreement, Mortgage, and Assignment of Rents or of any instrument supplemental thereto, may be modified or altered pursuant to section 9.03 of the Loan Agreement and paragraph 11 of the Bo~q; Resolution. . 1 It is hereby certified and recited and the City Council has found: That the Project is an eligible "project" defined in section 474.02, Subd. la of the Act; that the issuance of the Bond and the acquisition and construction of the Project will promote the pUblic welfare and carry out the purposes of the Act: that the Project has been approved by the Commissioner of Securi- ties of the state of Minnesota as tending to further the purposes and policies of the Act; that all acts, conditions and things required to be done precedent to and in the issuance of this Bond have been properly done, have happened and have been performed in regular and due time, form and manner as required by law; and that this Bond does not constitute a debt of the City within the meaning of any constitutional or statutory limitation. IN WITNESS WHEREOF, the City of New Brighton, by its City Council, has caused this Bond to be signed in its behalf by the manual signatures of the Mayor and the City Manager or Assistant City Manager, and attested by the City Clerk and sealed with the -3-