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Tab 22 Certificate of Bond Registrar$209,000 Special Improvement District No. 342 Bonds City of Kalispell, Montana CERTIFICATE OF BOND REGISTRAR I. the undersigned, being a duly qualified and acting Vice President of First Trust Company of Montana National Association, in Billings, Montana, which is designated as Bond Registrar under the resolution adopted by the City Council of the City of Kalispell, Montana (the City), on November 6, 1995, authorizing the issuance of the Bonds described above, do hereby certify that the Bond Registrar has received one hundred twenty-six (126) fully executed but unauthenticated Bonds of said issue. I further certify that on the date hereof the Bond Registrar has authenticated and delivered to D. A. Davidson & Co., in Great Falls, Montana (the Purchaser), $209,000 in aggregate principal amount of said Bonds maturing on July I in the years and amounts set forth below and bearm*g interest at the rates set forth below opposite such years and amounts: Principal Principal Year Amount Rate Year Amount Rate 1997 $ 9r000 4.50% 2005 $15,000 6.00% 1998 10,000 4.75 2006 15f000 6.10 1999 10f000 5.00 2007 15,000 6.15 2000 10"000 5.20 2008 15,000 6.20 2001 10,000 5.40 2009 20,000 6.25 2002 10,000 5.60 2010 20,000 6.25 2003 15,000 5.75 2011 20,000 6.25 2004 15.1000 5.90 I further certify that each and all of the Bonds so authenticated and delivered were registered, on the face thereof and also in the bond register maintained by the Bond Registrar, in the name of the owner thereof, as designated by the Purchaser. WITNESS my hand and the seal of the Bond Registrar this 16th day of November, 1995. FIRST TRUST COMPANY OF MONTANA NATIONAL ASSOCIATION, as Bond Registrar (SEAL) B its rr