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� � <br /> � O� <br /> • O � O <br /> � --- ;. � <br /> C ITY of ORON4 <br /> , ti <br /> ti <br /> RESOLUTION OF THE CITY COUNCIL <br /> ��`9kES�I�g'�G NO. $ l � � <br /> Registered Owner: <br /> Principal Amount: Two Hundred Eight Thousand Dollars <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,without option of <br /> prior payment, the Principal Amount specified above on the Maturity Date specified above,upon <br /> the presentatioii and surrender hereof, and to pay to the Registered Owner hereof interest on such <br /> principal sum at the iiiterest rate specified above from April 12, 2004 from the date hereof or the <br /> most recent interest payment date to which interest was provided to the date of maturity. <br /> Prulcipal is payable in lawful.money of the United States of America at the office of the Orono <br /> Finance Director, in Orono,Minnesota, as Bond Registrar or of its successor as Bond Registrar <br /> designated by the City upon 60 days' notice to the registered owners at their registered addresses. <br /> Interest shall be paid on October 12, 2004 and at maturity on April 12, 2005 by check or draft <br /> mailed to the registered owners. <br /> • This Certificate constihites an issue of Certificates in the aggregate principal <br /> amount of$208,000, issued pursuant to and in full conformity with the Constitution and Laws of <br /> the State of Minnesota, including Section 412.301 and Chapter 475, Minnesota Statutes, for the <br /> purpose of providing funds for purchasing certain equipment. This Certificate constitutes a <br /> general obligation of the City and to provide inoneys for the prompt and full payment of said <br /> principal and interest as the same become due the full faith and credit of the City is hereby <br /> irrevocably pledged, and the City will levy ad valorem taxes, if required for such purpose, <br /> � without limitation as to rate or amount. <br /> This Certificate is transferable, as provided by the Resolution of the City Council <br /> authorizing the issuance of the Certificates of this series adopted March 22, 2004 (the"Bond <br /> Resolution") only upon books of the City kept at the office of the Bond Registrar by the <br /> registered owner hereof in person or by the owner's duly authorized attomey, upon surrender of <br /> this Certificate for transfer at the office of the Bond Registrar, duly endorsed by, or accompanied <br /> by a written instrument of transfer in form satisfactory to the Bond Registrar duly executed by, <br /> the registered owner hereof or the owner's duly authorized attorney, and,upon payment of any <br /> tax, fee or other governmental charge required to be paid with respect to such transfer, one or <br /> more fully registered Certificates of the series of the same principal amount,maturity and interest <br /> rate will be issued to the designated transferee or transferees. <br /> IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br /> � required by the Constitution and laws of the State of Minnesota to be done, to happen and to be <br /> Page 2 of 7 <br />