2022-05 Ordinance Providing for the Issuance of not to Exceed $26,100,000 General Obligation Bonds, to Finance Water and Sewer Infrastructure Improvements, to Robert Baird & Co. Incorporated

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[FORM OF BOND-REVERSE SIDE] This bond is one of a series of bonds (the "Bonds") in the aggregate principal amount of $ ,000 issued by the City to finance water and sewer infrastructure improvements and pay expenses incidental thereto, all as described and defined in the ordinance authorizing the Bonds (the "Ordinance"),pursuant to and in all respects in compliance with the applicable provisions of the Illinois Municipal Code, as supplemented and amended, and as further supplemented and, where necessary, superseded, by the powers of the City as a home rule unit under the provisions of Section 6 of Article VII of the Illinois Constitution of 1970 and the City's enabling ordinances adopted pursuant to such home rule powers (such code, powers and enabling ordinance, collectively,being the "Act"),and with the Ordinance,which has been duly passed by the Council of the City, approved by the Mayor, and published, in all respects as by law required. Subject to the provisions relating to this Bond remaining in book-entry only form, this Bond may be transferred or exchanged,but only in the manner,subject to the limitations,and upon payment of the charges as set forth in the Ordinance. Upon surrender for transfer or exchange of this Bond at the principal corporate trust office of the Bond Registrar in , , duly endorsed by or accompanied by a written instrument or instruments of transfer or exchange in form satisfactory to the Bond Registrar and duly executed by the Registered Owner or an attorney for such owner duly authorized in writing, the City shall execute and the Bond Registrar shall authenticate, date and deliver in the name of the transferee or transferees or, in the case of an exchange, the Registered Owner, a new fully registered Bond or Bonds of like tenor, of the same maturity,bearing the same interest rate, of authorized denominations, for a like aggregate principal amount. The Bond Registrar shall not be required to transfer or exchange any Bond during the period from the close of business on the Record Date for an interest payment to the opening of business on such interest payment date [or during the period of 15 days preceding the giving of -18-