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<br />EXHIBIT B <br /> <br />FORM OF SERIES 2006B BOND <br /> <br />No. R-I <br /> <br />UNITED STATES OF AMERICA <br />STATE OF NORTH DAKOTA <br /> <br />COUNTY OF CASS <br /> <br />SCHOOL FACILITIES REVENUE BOND <br />(OAK GROVE LUTHERAN SCHOOL PROJECT) <br />SERIES 2006B <br /> <br />$4,000,000 <br /> <br />Interest Rate <br /> <br />Maturity Date <br /> <br />Date of Ori!!inalIssue <br /> <br />% <br /> <br />July 1.2016 <br /> <br />July _. 2006 <br /> <br />REGISTERED OWNER: WELLS FARGO BROKERAGE SERVICES, LLC <br /> <br />PRINCIPAL AMOUNT: FOUR MILLION AND NO/IOO DOLLARS <br /> <br />KNOW ALL PERSONS BY THESE PRESENTS that Cass County, North Dakota (the <br />"Issuer"), for value received, hereby promises to pay to the registered owner specified above or <br />registered assigns, but only from the sources referred to herein, the principal amount speeified above, <br />in accordance with the amortization sehedule attached hereto, with interest on the outstanding and <br />unpaid balance of such principal sum from the date hereof at the annual interest rate specified above <br />(computed on the basis of a 360-day year comprised of twelve 30-day months). Principal and <br />interest shall be payable on January I and July I in eaeh year, commencing January 1,2007 (each, <br />a "Payment Date"), Irom the Date of Original Issue or (in the case of transfer or exchange) from the <br />most recent Payment Date for which prineipal and interest have been paid or provided for to the <br />registered owner hereof, all subject to the provisions referred to herein with respect to the redemption <br />of the principal of this Series 2006B Bond before maturity. Principal and interest due hereunder <br />shall be payable atthe principal office of Wells Fargo Brokerage Services, LLC, 608 Second A venue <br />South, Minneapolis, Minnesota (the "Lender"), or at such other place as the Lender may designate <br />in writing. <br /> <br />This Series 2006B Bond is one of an authorized issue of bonds in the aggregate principal <br />amount of $4,000,000 to be issued for the purpose of financing the construction and equipping of <br />a multipurpose fine arts facility for use by Oak Grove Lutheran School (the "Facility"). <br />Simultaneously with the issuance of the Bonds, the Issuer is also issuing $2,500,000 School <br />Facilities Revenue Bonds (Oak Grove Lutheran School) Series 2006A and $1,000,000 School <br />Facilities Revenue Bonds (Oak Grove Lutheran School) Series 2006C which are equally and ratably <br />secured with the Series 2006B Bonds. The Series 2006A Bonds, the Series 2006B Bonds and the <br />Series 2006C Bonds are collectively referred to herein as the "Bonds." Proceeds of the Bonds will <br /> <br />B-] <br />