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i <br />N <br />- _ ,... ( l V.. ,.. V ,wJ l.. 1. -Ca lL. ii. A.�.tL✓ 1. '.: <br />�.: ,."ve ,,sedail orµ r t' o. <br />to provide' a ti. . ;L:S ,;O Pay COSLS 0,.. uC%,..... izion <br />..'.�: <br />.. <br />02. c�ob I wtaon. Each of the <br />. �i.:..lu O✓a,;.:.: �_L c•S u� :^ces",, to COn t].nue 110 p,ay all, principal Of <br />, <br />c.:iC .-At. e e; S u 0;: a.L1 Of its outSta,,ding b OnC'15 deS Cr ibed in <br />r <br />c xh ibit 3 when due. , <br />3.03. Sewer Board's Obligation. Subject to adjastr <br />ent as neveinafter provided, the Sewer Board is obligated to <br />pay to each of the Municipalities amounts sufficient to pay <br />a percentage of the principal and interest coming due or <br />,on <br />after January 1, 1971, on each of Nits bond issues described' <br />I <br />in Exhibit B. The parties agree that such percentages are <br />as follows: <br />1. Oakdale Bonds: 29.5,0% for the $840,000 Water <br />End Sanitary Sewer Improvement Bonds of:1967; <br />dated April 1, 1967; and 100% for the $611,000: <br />Sanitary Sewer Improvement Bonds of 1969, dated <br />i,ebruary 1, 1969. <br />2, Woodbury Bonds: 90.0,0% for the $335,000 Sanitary <br />Sewer Improvement Bonds of 1968, dated' November ` <br />1, 1968. <br />3. Lake Elmo Bonds: 62,,2�%,for the Temporary <br />" <br />Improvement Bonds of iJ69, dated,June 1- 1969 <br />(issued by East 0akd�jb).. . <br />and that such percentages of princi,a] and interest come due in J�' <br />the years and in the amounts set forth in. the schedule at'tacrd e <br />rdereto and marked Exhibit C. These':gercentagos are intended to <br />i <br />3 <br />