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redemption date, without premium, on july 15 in each of the years shown below, in an amount equal to the following Principal amounts: U MM-Mmm Sinking Fund Aggregate Payment Date Ejn�gal_ o nt 2029 $195,000 2030 (maturity) 200,000 Sinking Fund Aggregate Payment Date Principal Amount 2031 $200,000 2032 210,000 2033 (maturity) 215,000 Notice of redemption shall be given as provided in the preceding paragraph. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books, Of the City at the principal Office of the Registrar, by the registered owner hereof in person or by the owner's attorney duly authorized in writing upon surrender hereof together with a written instrument of transfer executed by the registered owner or the owners attorney, satisfactory to the Registrar, duly and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued ee in the name of the designated transfer g registered owner, of the same aggregate principal amount, bearing interest at the samerateand maturing on the same date; subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to any such transfer or exchange. The Bonds have been designated by the City as "qualified tax-exempt obligations" pursuant to Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. The City and the Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this -Bond is overdue or not, for the purpose of receiving payment as herein provided and for all other Purposes, and neither the City nor the Registrar shall be affected by any notice to the contrary. Notwithstanding any other provisions of this Bond, so long as , this Bond is registered in the name of Cede & Co., as nominee of The Depository Trust Company, or in the name of any other nominee of The Depository Trust Company or other securities depository, the Registrar shall pay all principal of and interest on this Bond and shall give all notices withrespect to this Bond, only to Cede & Co. or other nominee in accordance with the operational arrangements of The Depository Trust Company or other securities depository as agreed to by the City. IT IS HEREBY CERTIFIED, RECITED, COVENANTEDAND AGREED that all acts. conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City in accordance with its te Is, ha le rm been done, do exist, have happened and have been performed as so required; that, prior to the issuance hereof, the City Council has by the Resolution covenanted and agreed to levy special assessments upon property specially benefited by the improvernerits financed with the Bonds, M