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Interest <br /> <br /> Interest on the bonds will be payable on April 1, 1985, and <br />semiannually thereafter on each October 1 and April 1. Ail bonds maturing <br />on the same date must bear interest from date of issue until paid at a <br />single, uniform rate, not exceeding the rate specified for bonds of any <br />subsequent maturity. Each rate must be in an integral multiple of 1/10 or <br />1/8 of 1%, and no rate of interest nor the net effective average rate of <br />the issue may exceed the maximum rate of interest permitted by law. <br /> <br />Paying Agent/~e~istrar <br /> <br /> Principal and interest on the bonds will be payable at the office of a <br />Paying Agent and Registrar, American National Bank and Trust Co., St. Paul, <br />Minnesota. The City will pay charges for the services of the Paying Agent <br />and Registrar. <br /> <br />CUSIP Numbers <br /> <br /> The City will assume no obligation for the assignment or printing <br />of CUSIP numbers on the bonds or for the correctness of any numbers printed <br />thereon, but will permit such numbers to be assigned and printed at the <br />expense of the purchaser, if the purchaser waives any extension of the time <br />of delivery caused thereby. <br /> <br />Delivery <br /> <br /> Within 40 days after sale, the City will furnish and deliver at <br />the office of the purchaser or, at its option, will deposit with a bank in <br />the United States selected by it and approved by the City as its agent to <br />permit examination by and to deliver to the purchaser, the printed and <br />executed bonds, the unqualified opinion thereon of bond counsel, and a <br />certificate stating that no litigation in any manner questioning the <br />validity of the bonds is then threatened or pending. The charge of the <br />delivery agent must be paid by the purchaser, but all other costs will be <br />paid by the City. The purchase price must be paid upon delivery of the <br />bonds, or within five days after deposit with the delivery agent, in funds <br />available for expenditure by the City on the day of payment. Delivery is <br />expected on or about May 3, 1984. <br /> <br />Legal Opinion <br /> <br /> An unqualified legal opinion on each bond issue will be furnished <br />by LeFevere, Lefler, Kennedy, O'Brien & Drawz, a Professional Association, <br />Minneapolis, Minnesota. The legal opinion will be printed on the bonds at <br />the request of the purchaser. The legal opinion will state, among other <br />things, that the bonds are valid and binding general obligations of the <br />City, that the City is obligated and required to levy taxes if necessary <br />for the principal and interest thereon as the same become due without limit <br /> <br /> <br />