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est at the rates per annum and mature on February 1 in the years and amounts as follows, respectively: YEAR AMOUNT RATE YEAR AMOUNT RATE 1986 $100,000 7.25 1991 $100,000 8.70 1987 $100,000 7.50 1992 $100,000 8.90 1988 $100,000 8.00 1993 $100,000 9.10 1989 $100,000 8.20 1994 $100,000 9.25 1990 $100,000 8.40 1995 $100,000 9.40 All Bonds maturing after February 1, 1992, shall be subject to redemption at the option of the City on said date and on any interest payment date thereafter in inverse order of maturities at a price of par plus accrued interest to date of redemption. If not all of the principal amount of Bonds of the same matur i ty are called for prepayment, the Bond Registrar (hereinafter defined) shall assign a separate number to each $5,000 multiple of each Bond of that matu- rity, shall select the prepayment amount by lot therefrom, and shall authenticate and deliver to each Registered Holder of a Bond partially redeemed thereby a new Bond in the prin- cipal amount not so redeemed. 3. Both principal of and interest on the Bonds shall be payable by Norwest Bank Minneapolis , in the Ci ty of Minneapolis , Minnesota, which shall also act as registrar and transfer agent for the Bonds, or at the office of any duly appointed and qualified successor thereto (such agent or successor herein refer red to as the "Bond Reg istrar" ), and the City shall pay the reasonable charges of the Bond Registrar for such services. 4. form: The Bonds shall be in substantially the following No. R- $ UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON GENERAL OBLIGATION IMPROVEMENT BOND OF 1984 RATE OF INTEREST MATURITY DATE DATE OF ISSUE CUSIP % Per Annum Due February 1, August 1, 1984 - 4 -