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Finance Director's Certificate and Receipt$3,000,000 General Obligation Bonds, Series 2005 City of Kalispell, Montana FINANCE DIRECTOR'S CERTIFICATE AND RECEIPT I, the undersigned, being the duly qualified and acting Finance Director of the City of Kalispell, Montana, hereby certify and acknowledge that on the date of this instrument I received from D.A. Davidson & Co., of Great Falls, Montana, as purchaser thereof (the "Purchaser"), the purchase price of the $3,000,000 General Obligation Bonds, Series 2005, of the City of Kalispell, Montana, originally dated as of April 1, 2005, said purchase price being computed as follows: Total Purchase Price $3,000,000.00 Plus Accrued Interest from April 1, 2005 + 4,563.81 Less Good Faith - 60,000.00 Net Amount $2,944,563.81 and that I thereupon directed Wells Fargo Bank N.A., of Minneapolis, Minnesota, as Registrar, to deliver said Bonds to The Depository Trust Company, of New York, New York, on behalf of the Purchaser. WITNESS my hand officially as such Finance Director and the seal of said City this 14th day of April, 2005. mance irector