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~turity Years Interest Rates 1969 - 1971 4.00' 1972 - 1975 4.25% 1976 - 1979 4 SOu 1980 1982 4:70\ 1983 - 1904 A 80\ l~85 - 19S6 4:90% 1987 - 1989 5.00% ~n~\l!XbOJirlllcRtfSha1i>!aterest at the rate oU.GO % per annum, represented by a separate set of "B" coupons, from Auqust II , 1968 to April 1 , 19 70 The interest shall be payable April l, 1969, and semiannually thereafter on October 1 and April 1 in each year. Bonds maturing in the years 1969 through 1978 shall be payable on their respective stated maturity dates without option of prior payment, but bonds maturing in the years 1979 through 1989 shall each be subject to redemption and prepayment at the option of the Village, in inverse order of serial numbers, on April 1, 1978, and any interest payment date thereafter, at par and accrued interest. Not less than thirty days before the date fixed for the redemp- tion of any of the bonds, the Treasurer shall cause notice stating the amount, the serial numbers and maturities of the bonds called for redemption to be published in a daily or weekly periodical published in a Minnesota city of the first class or its metropoli tan area, which circulates throughout the State and furnishes financial news as a part of its service, and to be mailed to the bank at which principal and interest are then payable, and to be mailed to the owner of any bond called for re- demption who has caused his name and address and the serial numbers of his bonds to be recorded in the office of the Treasurer; provided that failure to give such mailed notice shall not invalidate the call of any bonds for redemption. Interest shall cease to accrue on each bond at the date fixed for the redemption thereof. if notice of such redemption has been duly published as herein required and there is then on deposit with the paying agent a sum sufficient to pay such bonds and the accrued interest. The Village Treasurer is authorized and directed to maintain in his office a record of the names and addresses of the owners of redeemable bonds, and the serial numbers of such bonds held by them, insofar as such information is furnished to him, for the purpose of giving notice of redemption as above provided. The principal of and interest on said bonds shall be payable a1Arnerican National Bank and Trust. Company , in St. Paul ' Kinneaota , and the Village agrees to pay the reasonable charges of said paying agent. 3. Said bonds and the interest coupons to be thereto attached shall be in substantially the following form: -5-