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<br />YEAR AMOUNT RATE '{EAR AMOUNT RATE <br />1989 $160,000 5.30 1996 $165,000 7.00 <br />1990 $165,000 5.60 1997 $165,000 7.10 <br />1991 $165,000 '5.90 1998 $160,000 7.20 <br />1992 $160,000 6. to 1999 $165,000 7 . 2'5 <br />1993 $165,000 6.30 2000 $165,000 7.30 <br />1994 $165,000 6.50 2001 $165,000 7.40 <br />1995 $160,000 6.70 <br /> <br />All Bonds maturing after February 1, 1993, are subject to <br />redemption at the option of the City on said date and on any <br />interest payment date thereafter in inverse order of maturi- <br />ties at par plus accrued interest to date of redemption. If <br />not all of the principal amount of Bonds of the same matur- <br />i ty are ca lIed for redempt ion, the Bond Reg i s t ra r (here in- <br />after defined) shall assign a separate number to each $5,000 <br />multiple of each Bond of that maturity, shall select the <br />redemption amount by lot therefrom, and shall authenticate <br />and deliver to each registered holder of a Bond partially <br />redeemed thereby a new Bond in the remaining principal <br />amount not so redeemed. The Bonds are also subject to <br />extraordinary redemption from unexpended proceeds of the <br />Bonds upon the terms and conditions set forth in the form of <br />the Bonds contained in paragraph 4 of this Resolution. <br /> <br />3. Both principal of and interest on the Bonds shall <br />be payable by First Trust Ccrnpany , in the <br />Ci ty of St. Paul , ~Iinnesota' which shall also act as <br />registrar and transfer agent for the Bonds, or at the office <br />of any duly appointed and qualified successor thereto (such <br />agent or successor herein referred to as the "Bond Regis- <br />trar"), and the City shall pay the reasonable charges of the <br />Bond Registrar for such services. <br /> <br />4. <br />form: <br /> <br />The Bonds shall be in substantially the following <br /> <br />- 4 - <br />