Resolution No. 90-04 EDA - Laserfiche WebLink

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Year Principal Interest (February 1) Amount Rate 1995 $ 25,000 6.3096 1996 25,000 6.40 1997 25,000 6.45 1998 40,000 6.50 1999 50,000 6.60 2000 50,000 6.70 2001 75,000 6.75 2002 75,000 6.80 2003 75,000 6.90 2004 75,000 7.00 2005 100,000 7.00 2006 100,000 7.10 2007 100,000 7.10 2008 100,000 7.15 2009 100,000 7.15 2010 100,000 7.15 1.04. The Authority ratifies the adjustments to the maturity schedule as set forth above as compared to the maturity schedule set forth in the sale resolution. Section 2. Concerning the Trustee and the Indenture. 2.01. Appointment of Trustee. The Authority appoints First Trust National Association , St. u1 , Minnesota, as the initial Trustee, to perform the functions o fthe Trustee as set forth in the Indenture of Trust. 2.02. Execution of Indenture. The President and Executive Director are authorized to execute and deliver the Indenture of Trust, dated as of September 1, 1990 (the "Indenture") substantially in the form on file with the Authority with such necessary and appropriate variations, omissions and insertions as the President, in her discretion, shall determine, and the execution thereof by the President shall be conclusive evidence of such determination. 2.03. Execution, Authentication and Delivery. The Bonds will be prepared under the direction of the Executive Director and executed on behalf of the Authority by the signatures of the President and the Executive Director, provided that all signatures may be printed, engraved or lithographed facsimiles of the originals. The Bonds shall be in the form and subject to the terms provided in the Indenture. 2.04. Certification of Legal Opinion. The Executive Director is directed to obtain a copy of the proposed approving legal opinion of Holmes &c Graven, Chartered, Minneapolis, Minnesota, which is to be complete except as to dating thereof and to cause the opinion to be printed on each Bond, together with a certificate to be signed by the facsimile signature of the Executive Director in substantially the form set forth below. The Executive Director is authorized and directed to execute the certificate in the name of the Authority upon receipt of the opinion and to file the opinion in the Authority offices. 3