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AGREEMENT RELATING TO PAYING AGENCY <br /> <br /> THIS AGP~E~ENT made this ~- day of ~ , 19~.~, by and <br /> between IHE FIRST NATIONAL BANK OF MINNEAPOLIS (the B~K) and ~ ~/- /~F <br /> /)/'~/'/~-~ , (the ISSUE.), <br /> / <br /> <br /> WIIN£SS£TH that WH£R~AS~ <br /> <br /> / (date) <br /> a certified copy of which is attached hereto as Exhibit A/authorize~ the issuance <br /> <br />81~4 R~ms.~, Mn. G/O Improvement trends of 1981, dated ~0/1/81 A~r & Oct. 1 <br />(description of the bonds, certificates or warrants) <br /> <br /> (the OBLIGATIONS). <br /> <br /> B. The ISSUBR has designated the BANK as the paying agen~ for the <br /> OBLIGATIONS. <br /> C. The BANK and the ISSUER desire to state the terms and conditions <br /> by which the BANK shall serve as paying agent for the OBLIGATIONS. <br /> NOW '[HER~FOR~ in consideration of the premises and of the agreements <br /> contained, it is agreed by the BANK and the ISSUER as follows~ <br /> 1. The ISSUER hereby appoints the BANK as agent to perform the duties <br /> described, and the BANK hereby accepts such appointment. <br /> 2. In performance of its duties as such paying agent, the BANK shalll <br /> (a) Keep true and accurate accounts of the outstanding principal bal- <br /> ances of the OBLIGATIONS. <br /> (b) Not less than thirty (30) days before the due date of any princi- <br /> pal of or interest on the OBLIGATIONS, send a statement to the <br /> IsSueR of the amount which will be required to pay the principal <br /> % <br /> of and interest on the OBLIGATIONS on such date. <br /> (c) With the funds received from the ISSUBR, pay such of the principal <br /> of and interest on the OBLIGATIONS as are due on the stated pay- <br /> ment dates, upon presentation of OBLIGATIONS or coupons for payment. <br /> (d) Forthwith upon presentation and payment of OBLIGATIONS or coupons, <br /> cancel the same by perforation or other appropriate means. <br /> 3.The ISSUER shall~ <br /> (a) Remit available funds to the BANK not later than fifteen (15) days <br /> prior to the payment date of any of the principal of or interest on <br /> the OBLIGATIONS in the sum declared by the BANK to be needed for <br /> payment of the OBLIGATIONS and coupons due on said date. <br /> (b) Pay to the BANK reasonable fees and charges for services performed <br /> hereunder in accordance with its schedule in effect at the time <br /> of the service. The fees and charges of said BANK shall in no <br /> event become a char§e against the funds remitted by the ISSUBR for <br /> payment of principal of and interest on the OBLIGATIONS. <br /> (c) If available funds needed for payment do not reach the BANK by the <br /> payment date of the OBLIGATIONS, payment of items will be refused <br /> and ISSUER will be charged for reasonable expenses incurred and <br /> e~tra service performed in accordance with BANK's schedule in effect <br /> at the time of the payment date. <br /> 4. The BANK shall not be required to pay interest on any funds of the <br /> ISSUER for any period during which such funds are held by the BANK awaiting presentation <br /> of OBLIGATIONS or coupons for payment. <br /> 5. The BANK shall not pay any claims for alleged lost or destroyed <br /> OBLIGATIONS or coupons unless duplicates have been issued by the ISSUER in accordance <br /> with law and notification of such issuance of said duplicates has been made to the BANK <br /> by the ISSUER. The BANK shall not be responsible for any duplicate payment resulting <br /> fr~m the issuance of such duplicates, nor for any loss arisin9 out of any act or emission <br /> of the ISSUER of any officer, employee or agent thereof. The BANK ehall not be reeponstble <br /> for notifying bond holders of call dates for prepayment of bonds. <br /> <br /> <br />