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<br />All Bonds maturing on February 1, 1996, are subject to
<br />mandatory sinking fund redemption by the City on February 1
<br />in the years and amounts as follows, respectively:
<br />
<br />Year
<br />
<br />Amount
<br />
<br />1992
<br />1993
<br />1994
<br />1995
<br />
<br />$100,000
<br />150,000
<br />150,000
<br />150,000
<br />
<br />All Bonds maturing on February 1, 2002, are subject to
<br />mandatory sinking fund redemption by the City on February 1
<br />in the years and amounts as follows, respectively:
<br />
<br />Year Amount
<br />1997 $200,000
<br />1998 200,000
<br />1999 200,000
<br />2000 200,000
<br />2001 200,000
<br />
<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. All
<br />mandatory sinking fund redemptions of the Bonds shall be at
<br />par plus accrued interest to the date of redemption.
<br />
<br />This Bond is one of an issue of fully registered Bonds
<br />without interest coupons in the total principal amount of
<br />$2,350,000, all of like date and tenor except as to matur-
<br />ity, interest rate, redemption privilege, and registration
<br />number, all issued by the City for the purpose of providing
<br />funds to crossover refund the Ci ty' s $2,350,000 Var iable
<br />Rate Demand General Obligation Capi tal Improvement Bonds,
<br />Series 1985, dated December 30, 1985, pursuant to and in
<br />full conformity with the Constitution and laws of the State
<br />of Minnesota, including Minnesota Statutes, Section 475.67,
<br />Subdivision 13. The interest accruing on this Bond prior to
<br />the Crossover Date, as defined in the resolution adopted by
<br />the City Council on August 12, 1986, authorizing the issu-
<br />ance of the Bonds (the "Bond Resolution"), is payable pri-
<br />marily from earnings on investments of funds held in the
<br />Escrow Account established by the Escrow Deposit Agreement
<br />respecting the Bonds, dated as of August 1, 1986, between
<br />the Ci ty and First Trust Company, Inc., as Escrow Agent
<br />thereunder, and, to the extent of any insufficiency of such
<br />earnings, such interest, and the principal hereof, together
<br />with the interest accruing hereon from and after the
<br />Crossover Date, are payable from ad valorem taxes levied for
<br />
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