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certificate of authentication on any Bond shall be deemed to have been executed by it if signed by an
<br />authorized officer of the Trustee, but it shall not be necessary that the same officer execute the certificate
<br />of authentication on al] ofthe Bonds.
<br />Section 2.05 Forma of Bonds. Subject to the provisions of Section 2.04, the Series A Bonds
<br />and the Series B Bonds are to be in substantially the forms set forth in the attached EXHIBIT A and
<br />EXHIBIT B, respectively.
<br />Section 2.06 Delivery of Bonds. Upon the execution and delivery of this Indenture, the Issuer
<br />shall execute and deliver to the Trustee and the Trustee shall authenticate and deliver to the Original
<br />Purchaser the Series A Bonds in the aggregate principal amount of $ and the Series B Bonds
<br />in the aggregate principal amount of $ , as hereinafter in this Section provided.
<br />Prior to the delivery by the Trustee of the Bonds there shall be filed with the Trustee:
<br />(a) A copy, duly certified by the Issuer Representative (or other authorized
<br />representative of the Issuer), of the resolution adopted by the Issuer on May 13, 2013, authorizing
<br />the issuance of the Bonds and the execution and delivery of this Indenture, the Loan Agreement,
<br />the Tax Regulatory Agreement, and the Bond Purchase Agreement.
<br />(b) Original executed counterparts of the Loan Agreement, the Lease, the Pledge
<br />Agreement, the Tax Regulatory Agreement, the Mortgage, this Indenture, the Escrow Agreement,
<br />and the Bond Purchase Agreement.
<br />(c) A request and authorization to the Trustee on behalf of the Issuer and signed by
<br />the official(s) specified in the Resolution, to authenticate and deliver the Series A Bonds in the
<br />aggregate principal amount of $ , and the Series B Bonds in the aggregate principal
<br />amount of $ , upon payment to the Trustee, for the account of the Issuer, of a sum
<br />specified in such request and authorization.
<br />(d) An executed opinion of Briggs and Morgan, Professional Association, to the
<br />effect that the Bonds have been authorized, issued and delivered and that the Interest on the
<br />Series A Bonds is excludable from the gross income of the Holders for federal income tax
<br />purposes, and, to the same extent, is excludable from the net taxable income of individuals,
<br />estates, and trusts for State of Minnesota income tax purposes, subject to customary exceptions.
<br />(e) Such other documents as the Trustee may reasonably request.
<br />Section 2.07 Mutilated, Lost, Stolen or Destroyed Bonds. In the event any Bond is mutilated,
<br />lost, stolen or destroyed, the Issuer shall execute and the Trustee shall authenticate a new Bond of like
<br />series, date, interest rate, maturity and denomination to the mutilated, lost, stolen or destroyed Bond,
<br />provided that, in the case of any mutilated Bond, such mutilated Bond shall first be surrendered to the
<br />Trustee, and in the case of any lost, stolen or destroyed Bond, there first shall be furnished to the Trustee
<br />evidence of such loss, theft or destruction satisfactory to the Trustee, together with an indemnity
<br />satisfactory to the Trustee. In the event any such Bond (except a mutilated Bond) shall have matured,
<br />instead of issuing a duplicate Bond, the Trustee, on behalf of the Issuer, may pay the same without
<br />surrender thereof, making such requirements as it deems fit for its protection, including a lost instrument
<br />bond. The Trustee may charge the Registered Owner of such Bond with its reasonable fees and expenses
<br />for such service.
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