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, . , <br /> . <br /> � UNITED STATES OF AMERICA <br /> `�" STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> CITY OF ORONO <br /> No. $ <br /> GENERAL OBLIGATION <br /> REFUNDING BOND OF 1995 <br /> Interest Rate Maturi Date of Ori�inal Issue CUSIP <br /> December 26, 1995 <br /> Registered Owner: <br /> Principal Amount: <br /> The City of Orono, Hennepin County, Minnesota, for value received, hereby promises <br /> to pay to the Registered Owner specified above, or registered assigns, without option of prior <br /> payment, the Principal Amount specified above on the maturity date specified above, upon the <br /> presentation and surrender hereof, and to pay to the Registered Owner hereof interest on such <br /> ,� Principal Amount at the Interest Rate specified above from December 26, 1995, or the most <br /> recent interest payment date to which interest has been paid or duly provided for as specified <br /> below, on February 1 and August 1 of each year, commencing August 1, 1996, until said � <br /> principal amount is paid. Principal is payable in lawful money of the United States of <br /> America at the office of , in , as Bond Registrar <br /> or 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 1 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 or <br /> 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 /> [Additional provisions of this Bond are contained on the reverse side hereof and such <br /> provisions shall for all purposes have the same effect as if set forth here.] <br /> � <br /> -4- <br />