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accordance with the prov~s~on6 of Minnesota Statutes, Section 475.67, Subdivision 12, and accordingly the dollar ~nount of such interest cost for the Bonds is lower by at least five percent than the dollar amount of such interest cost for the Refunued Bonds as required in said Subdivision 12, . 4. The Bonds shall bear interest payable s~ni- annually on June 1 and December 1 of each year cOlmnencing June 1, 1986 at the respective rates per annum set forth opposite the maturity years as follows: Maturity Years Interest Rates 1986 1987 1988 1989 1990 1991 1992 1993 1994 5.20% 5.60 6.00 6.10 6.30 6.50 6.70 6.90 7.10 5. All Bonds of this issue maturing in the years 1989 to 1994, both inclusive, shall be subject to redemption and prepayment at the option of the City on December 1, 1988 and on any interest payment date thereafter at par and accrued interest, Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, those Bonds remaining unpaid which have the latest lnaturity date shall be prepaid first; and if only part of the Bonds having a c~mnon maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. PUblished notice of redemption shall in each case be given in accordance with law, and mailed notice of redemption shall be given to the paying agent and to each registered holder of the Bonds. To effect a partial redemption of Bonds having a c~n- man maturity date, the Bond Registrar prior to giving notice of redemption, shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in . 3 .