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the book - entry only system pursuant to the Resolution, Bonds may only be registered in the
<br />name of the Depository or its Nominee,
<br />Q tional Redemption, The Bonds of this issue (the "Bonds ") maturing on April 1, 2017,
<br />and thereafter, are subject to redemption and prepayment at the option of the Issuer on April 1,
<br />2016, and on any date thereafter at a price of par plus accrued interest.. Redemption may be in
<br />whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and
<br />the principal amounts within each maturity to be redeemed shall be determined by the Issuer; and
<br />if only part of the Bonds having a common maturity date are called for prepayment, the specific
<br />Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof
<br />called for redemption shall be due and payable on the redemption date, and interest thereon shall
<br />cease to accrue from and after the redemption date. Mailed notice of redemption shall be given
<br />to the paying agent and to each affected Holder of the Bonds prior to the date fixed for
<br />redemption.
<br />. Prior to the date on which any Bond or Bonds are directed by the Issuer to be redeemed
<br />in advance of maturity, the Issuer will cause notice of the call thereof for redemption identifying
<br />the Bonds to be redeemed to be mailed to the Bond Registrar and all Bondholders, at the
<br />addresses shown on the Bond Register, All Bonds so called for redemption will cease to bear
<br />interest on the specified redemption date, provided funds for their redemption have been duly
<br />deposited.
<br />• Selection of Bonds for Redemption; Partial Redemption To effect a partial redemption
<br />of Bonds having a common maturity date, the Bond Registrar shall assign to each Bond having a
<br />common maturity date a distinctive number for each $5,000 of the principal amount of such
<br />Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall
<br />deem proper in its discretion, from the numbers assigned to the Bonds, as many numbers as, at
<br />$5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The
<br />Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided,
<br />however, that only so much of the principal amount of such Bond of a denomination of more
<br />than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so
<br />selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar
<br />(with, if the Issuer or Bond Registrar so requires, a written instrument of transfer in form
<br />satisfactory to the Issuer and Bond Registrar duly executed by the Holder thereof or the Holder's
<br />attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond
<br />Registrar shall authenticate and deliver to the Holder of such Bond, without service charge, a
<br />new Bond or Bonds of the same series having the same stated maturity and interest rate and of
<br />any Authorized Denomination or Denominations, as requested by such Holder, in aggregate
<br />principal amount equal to and in exchange for the unredeemed portion of the principal of the
<br />Bond so surrendered,
<br />Issuance; Purpose; General Obligation This Bond is one of an issue in the total principal
<br />amount of $1,360,000, all of like .date of original issue and tenor, except as to number, maturity,
<br />interest rate and denomination and redemption privilege, which Bond has been issued pursuant to
<br />and in full conformity with the Constitution and laws of the State of Minnesota and pursuant to a
<br />resolution adopted by the City Council on October 27, 2009 (the "Resolution "), for the purpose
<br />of providing money to finance certain costs of establishing, locating, relocating, constructing,
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