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• <br />• <br />REDEMPTION: <br />CUSIP NUMBERS: <br />DELIVERY: <br />TYPE OF PROPOSAL: <br />1231807.1 <br />At the option of the Issuer, bonds maturing after December <br />15, 2006, shall be subject to prior payment on said date, <br />and any date thereafter, at a price of par and accrued <br />interest. Redemption may be in whole or in part of the <br />bonds subject to prepayment. If redemption is in part, the <br />bonds remaining unpaid which have the latest maturity date <br />shall be prepaid first. If only part of the bonds having a <br />common maturity date are called for prepayment, the Issuer <br />will notify DTC of the particular amount of such maturity <br />to be prepaid. DTC will determine by lot the amount of <br />each participant's interest in such maturity to be redeemed <br />and each participant will then select by lot the beneficial <br />ownership interests in such maturity to be redeemed. <br />Notice of such call shall be given by mailing a notice <br />thereof by registered or certified mail at least thirty (30) <br />days prior to the date fixed for redemption to the registered <br />owner of each bond to be redeemed at the address shown <br />on the registered books. <br />If the bonds qualify for assignment of CUSIP numbers such <br />numbers will be printed on the bonds, but neither the <br />failure to print such numbers on any bond nor any error <br />with respect thereto shall constitute cause for a failure or <br />refusal by the Purchaser thereof to accept delivery of and <br />pay for the bonds in accordance with terms of the purchase <br />contract. The CUSIP Service Bureau charge for the <br />assignment of CUSIP identification numbers shall be paid <br />by the Purchaser. <br />Forty days after award subject to approving legal opinion <br />of Briggs and Morgan, Professional Association, of St. Paul <br />and Minneapolis, Minnesota. Legal opinion will be paid by <br />the Issuer and delivery will be anywhere in the continental <br />United States without cost to the Purchaser at DTC. <br />Sealed proposals of not less than $1,654,800 and accrued <br />interest on the principal sum of $1,680,000 from date of <br />original issue of the bonds to date of delivery must be filed <br />with the undersigned prior to the time of sale. Proposals <br />must be.unconditional except as to legality. A certified or <br />cashier's check (the "Deposit ") in the amount of $33,600, <br />payable to the order of the Administrator of the Issuer, or a <br />Financial Surety Bond complying with the provisions <br />below, must accompany each proposal, to be forfeited as <br />A-3 <br />