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Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in <br />its discretion, from the numbers so assigned to such Bonds, as many numbers as, at $5,000 for <br />each nmnber, shall equal the principal amount.of such Bonds to be redeemed. The Bonds to be <br />redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, <br />that only so much of the principal amount of each such Bond of a denomination of more than <br /> to it and so selected. If <br /> ,c <br />$.),00( shall be redeemed as shall equal $5,000 for each number assigned <br />a Bmod is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the <br />City or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the <br />City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly <br />authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall <br />authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds <br />having the same stated maturity and interest rate and of any Authorized Denomination or <br /> 1 )enominations, as requested by the Holder, in aggregate principal amount equal to and in <br /> exchange for the unredeemed portion of the principal of the Bond so surrendered. <br /> 6. Bond I~egistrar. Northland Trust Services, Inc., in Minneapolis, Minnesota, is <br /> appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond <br /> Registrar"), and shall do so unless and until a successor Bond Registrar is duly appointed, all <br /> pursuant to any contract the City and Bond Registrar shall execute which is consistent herewith. <br /> 'l'he Bond Registrar shall also serve as paying agent unless and until a successor paying agent is <br /> duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or <br /> record holders) of the Bonds in the manner set forth in the form of Bond and paragraph 12 of this <br /> resolution. <br /> 7. Form of Bond. The Bonds, together with the Bond Registrar's Certificate of <br /> Authentication, the form of Assignment and the registration information thereon, shall be in <br /> substantially the following form: <br /> <br />1765284vt <br /> <br />-247- <br /> <br /> <br />