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JAN 19 '95 04 :15PM EHLERS & ASSOCIATES P.7/ 8 <br />exchange for the unredeemed portion of the principal of the Bond <br />so surrendered. <br />6. Bond Registrar. <br />, in , Minnesota, is appointed to act <br />as bond registrar and transfer agent with respect to the Bonds <br />(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 to <br />the registered holders (or record holders) of the Bonds in the <br />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 <br />Registrar's Certificate of Authentication, the form of Assignment <br />and the registration information thereon, shall be in <br />substantially the following form: <br />291035.1 8 <br />Page 22 <br />