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<br />This bond is one of an issue of bonds in the aggregate <br />principal amount of $460,000, all of like date and tenor, except <br />as to maturity, interest rate and redemption privilege, issued <br />pursuant to and in full conformity with the Constitution and Laws <br />of the state of Minnesota, including Chapter 429, Minnesota <br />statutes, for the purpose of defraYing the expenses incurred and <br />to be incurred in connection with Improvements Nos. 77-4, 77-5, <br />77-6, 77-7, 78-1 and 80-2 of the City, consisting of water, <br />sanitary sewer, storm sewer, and street improvements, and refund- <br />ing temporary improvement bonds issued in connection with certain <br />of such improvements; and this bond is payable primarily from <br />taxes levied and special assessments to be levied from its Improve- <br />ment Bonds of 1980 Fund, but constitutes a general obligation of <br />the City; and to provide moneys for the prompt and full payment <br />of said principal and interest as the same become due the full <br />faith and credit of the City is hereby irrevocably pledged, and <br />the City will levy additional ad valorem taxes, if required for <br />such purpose, without limitation as to rate or amount. <br /> <br />IT IS HEREBY CERTIFIED AND RECITED That all acts, <br />conditions and things required by the Constitution and Laws of <br />the State of Minnesota to be done, to happen and to be performed <br />precedent to and in the issuance of this bond have been done, <br />have happened and have been performed in regular and due form, <br />time and manner as required by law; and that this bond, together <br />with all other indebtedness of the City outstanding on the date <br />hereof and the date of its actual issuance and delivery, does not <br />exceed any constitutional, or statutory limitation thereon. <br /> <br />IN WITNESS WHEREOF, the City of New Brighton, Ramsey <br />County, Minnesota, by its City Council, has caused this bond to <br />be executed by the Mayor and City Manager, one by manual and one <br />by facsimile signature, and a facsimile of the corporate seal of <br />the City to be printed hereon, and the interest coupons hereto <br />attached to be executed by the facsimile signatures of said <br />officers, all as of April 1, 1980. <br /> <br />Mayor <br /> <br />City Manager <br /> <br />(Seal) <br /> <br />-4- <br />