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<br />- ~ <br /> <br />. <br /> <br />its discretion. numbers so assigned to such Bonds. as many <br />numbers as. at $5.000 for each number. shall equal the <br />principal amount of such Bonds to be redeemed. The Bonds to be <br />redeemed shall be the Bonds to which were assigned numbers so <br />selectedl provided. however. that only so much of the principal <br />amount of each such Bond of a denomination of more than $5.000 <br />shall be redeemed as shall equal $5.000 for. each number <br />assigned to it and so selected. If a Bond is to be redeemed <br />only in part. it shall be surrendered to the Bond Registrar <br />(with. if the City or the Bond Registrar so requires. a written <br />instrument of transfer in form satisfactory to the City and the <br />Bond Registrar duly executed by the holder thereof or his <br />attorney duly authorized in writing) and the City shall execute <br />and the Bond Registrar shall authenticate and deliver to the <br />holder of such Bond. without service charge, a new Bond or <br />Bonds of the same series having the same stated maturity and <br />interest rate and of any authorized denomination or <br />denominations. as requested by such holder. in aggregate <br />principal amount equal to and in exchange for the unredeemed <br />portion of the principal of the Bond so surrendered. <br /> <br />6, First Trust Company of St. Paul . in St. P~1I1 . <br />Minnesota is appointed to act as bond registrar and transfer <br />agent (the "Bond Registrar") and shall do so unless and until a <br />sUccessor Bond Registrar is duly appointed. all pursuant to any <br />contract the City and Bond Registrar shall execute Which is <br />consistent herewith. The Bond Registrar shall also serve as <br />paying agent unless and until a successor paying agent is duly <br />appointed, Principal and interest on the Bonds shall be paid <br />to the registered holders (or record holder) of the Bonds in <br />the manner set forth in the form of Bond and paragraph 12 of <br />this resolution. <br /> <br />7. The Bonds to be issued hereunder, together with <br />the Bond Registrar's Certificate of Authentication. the form of <br />Assignment and the registration information thereon shall be in <br />substantially the following form:t <br />. <br /> <br />4 <br />