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We would welcome the opportunity to highlight some of the <br />work performed at First Trust Company of Saint Paul, <br />Corporate Trust Department as Registrar, Transfer Agent <br />and Paying Agent and the opportunity to do business with <br />you on the above - referenced issue and others in the future. <br />Since the Tax Equity and Fiscal Responsibility Act (TEFRA) <br />all bonds issued by the municipality with a maturity over <br />one year are required to be registered; hence, the First <br />Trust Company of Saint Paul has made a strong commitment <br />to provide the highest quality of records, output and <br />timeliness, which are essential to preserve the <br />marketability of the issue being serviced. <br />The services First Trust provides as Registrar, Transfer <br />Agent and Paying Agent are as follows: <br />1. Seventy -two hour certificate turnaround time to <br />meet SEC's record - keeping and timeliness <br />requirements. For nothing will bring an issue <br />into dispute in the marketplace faster than if <br />its securities cannot be promptly and effectively <br />transferred. <br />2. The knowledge of legal transfer and delivery <br />requirements with the rules and practice of good <br />transfer and good delivery. <br />3. Maintain accurate records of ownership, <br />transfers, exchanges and address changes. <br />1 Memoer First Bank System Off <br />F - 1190% Irusz <br />" <br />Saint Paul <br />1 <br />First Trust Company <br />of Saint Paul <br />First National Bank Building <br />Corporate Trust Department <br />1 <br />Saml Paul. Minnesota 55101 <br />July 16, 1985 <br />1 <br />UL 19 1985 <br />Lloyd <br />d Schnelle <br />City Add ministrator <br />RECEIVED <br />1 <br />City of Ramsey <br />15153 Nowthen Blvd <br />NW <br />Ramsey, MN 55303 <br />". <br />1 <br />Re: $660,000 General Obligation Improvement Bonds of <br />1985, City of <br />Ramsey, Minneota <br />1 <br />Dear Mr. Schnelle: <br />We would welcome the opportunity to highlight some of the <br />work performed at First Trust Company of Saint Paul, <br />Corporate Trust Department as Registrar, Transfer Agent <br />and Paying Agent and the opportunity to do business with <br />you on the above - referenced issue and others in the future. <br />Since the Tax Equity and Fiscal Responsibility Act (TEFRA) <br />all bonds issued by the municipality with a maturity over <br />one year are required to be registered; hence, the First <br />Trust Company of Saint Paul has made a strong commitment <br />to provide the highest quality of records, output and <br />timeliness, which are essential to preserve the <br />marketability of the issue being serviced. <br />The services First Trust provides as Registrar, Transfer <br />Agent and Paying Agent are as follows: <br />1. Seventy -two hour certificate turnaround time to <br />meet SEC's record - keeping and timeliness <br />requirements. For nothing will bring an issue <br />into dispute in the marketplace faster than if <br />its securities cannot be promptly and effectively <br />transferred. <br />2. The knowledge of legal transfer and delivery <br />requirements with the rules and practice of good <br />transfer and good delivery. <br />3. Maintain accurate records of ownership, <br />transfers, exchanges and address changes. <br />1 Memoer First Bank System Off <br />