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fully registered Bonds of the series of the same i:�aturity, <br />principal amount and interest rate will be issued -o the <br />designated transferee or transferees. <br />The Bonds of this series are issuable only as fully <br />registered bonds without coupons in denominations of $5,000 or <br />any integral multiple thereof not exceeding the principal <br />amount maturing in any one year. As provided in the Bond <br />Resolution a•d subject to certain limitations therein set <br />forth, the Bonds of this series are exchangeable for a like <br />aggregate principal amoui,t, maturity and interest rate of Bonds <br />of this series of a different authorized denomination, as <br />requested by the registered owner or his duly authorized <br />attorney, upon surrender thereof to + a- Bond Registrar. <br />It is Hereby Certified, Recited and Declared that all <br />acts, conditions and things required to exist, happen and hP <br />performed precedent to and in the issuance of this Bond du <br />exist, have happened and have been performed in regular and due <br />time, form and manner as required by law; and that this Bond, <br />and the series of which it is a part, lb within every debt and <br />other limit prescribed by the Constitution and laws of the <br />State of Minnesota. <br />This Bond shall not be valid or become obligatory for <br />any purpose until the Authentication Certificate hereon shall <br />have been signed by the Bond Registrar. <br />In witness whereof, the City of Orono, Minnesota, <br />acting by and through its City Council, has caused this BoP4 to <br />be executed with the facsimile signature of its Mayor and <br />attested with the facsimile signature of the City Clerk ?nd a <br />facsimile of the corporate seal of the City to be imprinted <br />hereon, all as of the Date of Original Issue specified above. <br />Dated: <br />CITY OF ORONO <br />By <br />1Facsimi�eL_ (Facsimi 1Q) <br />City Clerk Mayor <br />-7- <br />