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<br />The specific Bonds, or portions thereof, which shall be <br />mandatorily redeemed by the City pursuant to the foregoing <br />provisions shall be chosen by $5,000 lot by the Bond Reg- <br />istrar in the same manner prescr ibed herein for selecting <br />Bonds, or portions thereof, to be optionally redeemed. <br /> <br />5. Optional Redemption. All Bonds maturing after <br />February 1, 1994, are subject to redemption at the option of <br />the Ci ty on said date and on any interest payment date <br />thereafter in inverse order of maturities at par plus <br />accrued interest to date of redemption. If not all of the <br />principal amount of Bonds of the same maturity are called <br />for redemption, (a) the Bond Registrar (hereinafter defined) <br />shall assign a separate number to each $5,000 mul tiple of <br />each Bond of that maturity, shall select the redemption <br />amount by lot therefrom, and shall authenticate and deliver <br />to each registered owner of a Bond partially redeemed <br />thereby a new Bond in the remaining principal amount not so <br />redeemed, (b) the principal amount of such maturity which is <br />not subject to mandatory sinking fund redemption shall be <br />reduced to the extent of the principal amount of such <br />optional redemption, and (c) the mandatory sinking fund <br />redemption amounts applicable to that maturity shall be <br />reduced in inverse order of the redemption dates thereof to <br />the extent of the difference between the total pr incipal <br />amount of such optional redemption of that maturity and the <br />amount of that matur i ty which is not subject to mandatory <br />sinking fund redemption. <br /> <br />6. Bond Registrar. Both principal of and interest on <br />the Bonds shall be payable by First Trust Company, Inc., in <br />the Ci ty of st. Paul, Minnesota, which shall also act as <br />registrar and transfer agent for the Bonds, or by its duly <br />appointed and qual if ied successor thereto (such agent or <br />successor herein referred to as the "Bond Registrar"), and <br />the City shall pay the reasonable charges of the Bond Reg- <br />istrar for such services. <br /> <br />7. Form of Bonds. The Bonds shall be in substantially <br />the following form: <br /> <br />- 6 - <br />