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date a distinctive number for each $5,000 of the principal <br />amount of such Bond. The Bond Registrar shall then select by <br />• lot, using such method of selection as it shall deem proper in <br />its discretion, numbers so assigned to such Bonds, as many <br />numbers as, at $5,000 for each number, shall equal the <br />principal amount of such Bonds to be redeemed. The Bonds to be <br />redeemed shall be the Bonds to which were assigned numbers so <br />selected. Provided, however, that only so much of the <br />principal amount of each such Bond of a denomination of more <br />than $5,000 shall be redeemed as shall equal $5,000 for each <br />number assigned to it and so selected. If a Bond is to be <br />redeemed only in part, it shall be surrendered to the Bond <br />Registrar (with, if the City or the Bond Registrar so requires, <br />a written instrument of transfer in form satisfactory to the <br />City and the Bond Registrar duly executed by the holder thereof <br />or his attorney duly authorized in writing) and the City shall <br />execute and the Bond Registrar shall authenticate and deliver <br />to the holder of such Bond, without service charge, a new Bond <br />or Bonds of the same series having the same stated maturity and <br />interest rate and of any authorized denomination or <br />denominations, as requested by such holder, in aggregate <br />principal amount equal to and in exchange for the unredeemed <br />portion of the principal of the Bond so surrendered. <br />7• _9mariran National Ranh, R Tri~ct ('n i In Ct PaU~ i <br />Minnesota is appointed to act as bond registrar and transfer <br />agent (the "Bond Registrar") and shall do so unless and until a <br />• successor Bond Registrar is duly appointed, all pursuant to any <br />contract the City and Bond Registrar shall execute which is <br />consistent herewith. The Bond Registrar shall also serve as <br />paying agent unless and until a successor paying agent is duly_ <br />appointed. Principal and interest on the Bonds shall be paid <br />to the registered holders (or record holder) of the Bonds in <br />the manner set forth in the form of Bond and paragraph 12 of <br />this resolution. <br />8. The Bonds to be issued hereunder, together with <br />the Bond Registrar's Certificate of Authentication, the form of <br />Assignment and the registration information thereon shall be in <br />substantially the following form: <br /> <br />