1. MIDA Bond-Oak Grove School
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1. MIDA Bond-Oak Grove School
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<br />EXHIBIT A <br /> <br />FORM OF SERIES 2008 BOND <br /> <br />No. R-l <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 2008 <br /> <br />$2,400,000 <br /> <br />Interest Rate <br /> <br />% <br /> <br />Maturity Date <br />November _, 2018 <br /> <br />Date of Orieinal Issue <br />November _, 2008 <br /> <br />REGISTERED OWNER: WELLS FARGO BROKERAGE SERVICES, LLC <br /> <br />PRINCIPAL AMOUNT: TWO MILLION FOUR HUNDRED THOUSAND AND <br />NO/I00 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 specified above, <br />in accordance with the amortization schedule 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). Interest only shall <br />be payable May _, 2009, and principal and interest shall be payable commencing <br />November _,2009, and on each May _ and November _ thereafter (each, a "Payment <br />Date"), all subject to the provisions referred to herein with respect to the redemption ofthe principal <br />ofthis Bond before maturity. Principal and interest due hereunder shall be payable to the registered <br />owner hereof at the principal office of Wells Fargo Brokerage Services, LLC, 608 Second Avenue <br />South, Minneapolis, Minnesota (the "Lender"), or at such other place as the Lender may designate <br />in writing. <br /> <br />This Bond is one of an authorized issue of bonds in the aggregate principal amount of <br />$2,400,000 to be issued for the purpose of financing the construction and equipping of a new health <br />and wellness center and the renovation ofthe Gorder Gymnasium at Oak Grove Lutheran School (the <br />"Project"). Proceeds of the Bonds will be loaned to Oak Grove Lutheran School, a North Dakota <br />nonprofit corporation (the "Corporation"), under the provisions of a Loan Agreement dated as of <br />November 1,2008, between the Issuer and the Corporation (the "Loan Agreement"). <br /> <br />A-I <br />
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