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r <br />,fir <br />v.iV Winer"! lJ._ I. S4.,s 1 _.. ..��. ... a..� d6zhibeh .ia. Ex aj"..v 3 <br />an, have used part of the <br />fv.-'L.M to pay i.owJt V oL acq {.4is; V J. o n <br />. <br />_ 4 a.n& 1j ,. 1.. vr.a .�.a... CI of the a..V C�..'l.. L. JVV,. •`J <br />a 11 of the" <br />3 <br />A.0 <br />- nlcipa......vlC:..'s aE ees to 6ontinue to pay- all principal o - <br />add i tere.s ;; On all of its ouustanding bonds described in <br />Exhibit Y .--en due • <br />3.03. Sewer Board's Obligatio:Z. Subject to adjust- <br />ment as hereinafter provided, the Sewer Board is obligated to <br />- <br />pay to each of the Mu nicipalities `amounts sufficient to way <br />a percentage of tree principal and interest coming due on or - <br />after January 1, 1971, on each of its bond issues described <br />in Exhibit B. The parties agree that such percentages are <br />i <br />as follows. <br />1. Oakdale Bonds: 29.5P% for the $840, 000 Water <br />and Sanitary Sewer improvement Bonds of 19673 <br />dated April 1, 1967; and 100% for the $611,0030''' <br />Sanitary Sewer improvement Bonds of 1969, dated <br />February 1, 1969., , <br />2. Woodbury Bonds: 90.00% for the $335.000 Sanitary <br />Sewer improvement Bonds of 1968, dated November <br />1, 1968. <br />3. Lake Elmo Bonds: 62. 21% for the Temporary <br />" <br />improvement Bonds of 1169, dated. June 1, 1969 <br />(issued by East Oakdale),: <br />and that such percentages of principal. ,and interest come due in <br />the years and in the amounts set forth`' in -the schedule attached <br />hereto and marked Exhibit C. These ercentages are intended -o <br />