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<br />Proposals for the bonds may contain a maturity schedule <br />providing for any combination of serial bonds and term <br />bonds, subject to mandatory redemption, so long as the <br />amount of principal maturing or subject to mandatory <br />redemption in each year conforms to the maturity schedule <br />set forth above. <br /> <br />REDEMPTION: <br /> <br />The Bonds are subject to redemption and prepayment at the <br />option of the Issuer on April 1, 2005, and on any date <br />thereafter at par. <br /> <br />CUSIP NUMBERS: <br /> <br />If the bonds qualifY for assignment of CUSIP numbers such <br />numbers will be printed on the bonds, but neither the <br />failure to print such munbers on any bond nor any error <br />with respect thereto shall constitute cause for a failure or <br />refusal by the Purchaser thereof to accept delivery of and <br />pay for the bonds in accordance with terms of the purchase <br />contract. The CUSIP Service Bureau charge for the <br />assignment of CUSIP identification numbers shall be paid <br />by the Purchaser. <br /> <br />DELIVERY: <br /> <br />Forty days after award subject to approving legal opinion <br />of Kennedy & Graven, Chartered, of Minneapolis, <br />Minnesota Legal opinion will be paid by the Issuer and <br />delivery will be anywhere in the continental United States <br />without cost to the Purchaser at DTC. <br /> <br />TYPE OF PROPOSAL: <br /> <br />Sealed proposals of not less than $772,200 and accrued <br />interest on the principal sum of $780,000 from date of <br />original issue of the bonds to date of delivery must be filed <br />with the undersigned prior to the time of sale. Proposals <br />must be unconditional except as to legality. A certified or <br />cashier's check (the "Deposit") in the amount of $15,600, <br />payable to the order of the Administrator of the Issuer, or a <br />Financial Surety Bond complying with the provisions <br />below, must accompany each proposal, to be forfeited as <br />liquidated damages if proposal maker fails to comply with <br />accepted proposal. Proposals for the bonds should be <br />delivered to Northland and addressed to: <br /> <br />Teresa Bender, Clerk <br />CenterviJIe City Hall <br />1 880 Main Street <br />CenterviJIe, Minnesota 55386-0036 <br /> <br />If a Financial Surety Bond is used, it must be from an <br />insurance company licensed to issue such a bond in the <br /> <br />SJB.2434)lv] <br />CE155-22 <br /> <br />l <br />