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r <br />■ i . <br />L... <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF HENNEPIN <br />CITY OF ORONO <br />No. <br />GENERAL OBLIGATION <br />IMPROVEMENT BOND, SERIES 2000 <br />Interest Rate Maturity Date of Original Issue <br />September 1, 2000 <br />CUSIP <br />Registered Owner: <br />Principal Amount: <br />The City of Orono, Hennepin County, Minnesota, for value received, hereby <br />promises to pay to the Registered Owner specified above, or registered assigns, the Principal <br />Amount specified above on the maturity date specified above, upon the presentation and <br />surrender hereof, and to pay to the Registered Owner hereof interest on such Principal <br />Amount at the Interest Rate specified above from September 1, 2000, or the most recent <br />interest payment date to which interest has been paid or duly provided for as specified below, <br />on February 1 and August 1 of each year, commencing August 1,2001, until said principal <br />amount is paid. Principal is payable in lawful money of the United States of America at the <br />office of U.S. Bank Trust National Association, in St. Paul, Minnesota, as Bond Registrar or <br />of its successor as Bond Registrar designated by the City upon 60 days’ notice to the <br />registered owners at their registered addresses. Interest shall be paid on each February 1 and <br />August I interest payment date by check or draft mailed to the person in whose name this <br />Bond is registered at the close of business on the 15th day of the month preceding each <br />interest payment date (whether or not a business day) at said person’s address set forth on the <br />registration books maintained by the Bond Registrar. Any such interest not punctually paid <br />or provided for will cease to be payable to the owner of record as of such regular record dates <br />and such defaulted interest may be paid to the person in whose name this Bond shall be <br />registered at the close of business on a special record date for the payment of such defaulted <br />interest established by the Bond Registrar. <br />[The Bonds of this maturing on February 1, 20_and February 1, 2016 are <br />subject to mandatory sinking fund redemption on February 1 in the years and amounts as set <br />forth in the Resolution described below.] The Bonds of this series maturing on or after <br />-6- <br />Ut r .1