2. Street Improvement District #2007-1

of this series, on which improvement warrant payments are required by law to be made as though none of such warrants had been refunded, and will use due diligence to collect said improvement warrants and the special assessments and any taxes appropriated for their payment; the Issuer has reserved the right and privilege of issuing additional improvement warrants on the funds of said improvement districts, if and to the extent necessary to complete payment of the cost of the Improvements, and the right and privilege of refunding such warrants by the issuance of additional series of Refunding Improvement Bonds, payable on a parity with the Bonds of this series from the Bond Fund, provided that the total amount of special assessments and taxes appropriated for payment of the cost of the improvements shall be not less than the total amount of warrants issued with respect thereto; that the governing body is required by law to levy a tax upon all the taxable property in the corporate limits of the Issuer, without limitation as to rate or amount, to meet any deficiency in any of said improvement district funds for the payment of all warrants drawn thereon, with interest; and that all collections of special assessments and taxes appropriated for the payment of said improvement warrants are required by law to be credited to the Bond Fund and applied in payment of the principal of and interest on the Bonds of this series and any other series issued pursuant to the authori ty hereinbefore reserved; all as more fully stated in the Resolution; and that the issuance of this Bond has not caused the indebtedness of the Issuer to exceed any constitutional or statutory limitation of indebtedness. IN WITNESS WHEREOF the County of Cass, North Dakota, by its governing body, has caused this Bond to be executed in its behalf by the manual signature of the Chairman of the Board of County Commissioners and County Auditor, and has caused the certificate appearing on the following page to be executed by the manual signatures of said officers. Dated: CERTIFICATE OF AUTHENTICATION COUNTY OF CASS This is one of the Bonds delivered pursuant to the Resolution mentioned within. Chairman of the Board of County Commissioners STARION BOND SERVICES 109 First Street NW Mandan, NO 58554 BY: County Auditor Authorized Representative -15-