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MNGNMiMMVHN3M IMA MINIUMN
<br />2.01. Issuance of Bonds. All acts, conditions and things which are required by the
<br />Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be
<br />performed precedent to and in the valid issuance of the Bonds having been done, now existing,
<br />havini hanneied ani h, jcjjijjftn[ , or 1_6
<br />NE412=11#1 � 4 A &11W
<br />2.022. Maturities-, Interest Rates Denominations and RMent. The Bonds shall be
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<br />originally dated as of June 8, 2017, shall be in the denoinination of $5,000 each, or any integral
<br />multiple thereof, of single maturities, shall mature on January 15 in the years and amounts stated
<br />below, and shall bear interest from date of issue until paid or duly called for redemption, at the
<br />annual rates set forth opposite such years and amounts, as follows -
<br />Improvement
<br />utility
<br />Equipment
<br />1Vl4t �It
<br />Bonds
<br />Bonds
<br />Bonds
<br />2019
<br />$385,000
<br />$250,000
<br />$25,000
<br />2020
<br />395,000
<br />260,000
<br />30,000
<br />2021
<br />400,000
<br />260,000
<br />30,000
<br />2022
<br />410,000
<br />270,000
<br />30,000
<br />2023
<br />425,000
<br />275,000
<br />30,000
<br />2024
<br />435,000
<br />285,000
<br />30,000
<br />2025
<br />445,000
<br />290,000
<br />30,000
<br />2026
<br />455,000
<br />300,000
<br />30,000
<br />2027
<br />465,000
<br />300,000
<br />35,000
<br />2028
<br />480,000
<br />310,000
<br />2029
<br />315,000
<br />2030
<br />325,000
<br />2031
<br />335,000
<br />2032
<br />345,000
<br />2033
<br />360,000
<br />Total Rate
<br />$660,000
<br />2.500%
<br />685,000
<br />2.500
<br />690,000
<br />1500
<br />710,000
<br />1500
<br />73000
<br />2.500
<br />750,000
<br />2.500
<br />765,000
<br />2.500
<br />785,000
<br />2.500
<br />800,000
<br />2.500
<br />790,000
<br />2.500
<br />315PO
<br />2.500
<br />3251000
<br />2,750
<br />335,000
<br />3.000
<br />345,000
<br />3.000
<br />360,000
<br />1000
<br />The Bonds shall be issuable only in fully registered form. The interest thereon and, upon
<br />surrender of each Bond, the principal amount thereof shall be payable by check or draft issued by
<br />the Registrar described herein, provided that so long as the Bonds are registered in the name of a
<br />securities d,-gositQr;.i,-or a nominee thereof � in acco
<br />interest shall be payable 'in accordance with the operational arrangements of the securities
<br />depository.
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