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Section 10. Defeasance. When all Bonds and all accrued interest thereon, have been <br /> discharged as provided in this section, all pledges, covenants and other rights granted by this <br /> resolution to the holders of the Bonds will cease, except that the pledge of the full faith and credit of <br /> the City for the prompt and full payment of the principal of and interest on the Bonds will remain in <br /> full force and effect. The City may discharge all Bonds which are due on any date by depositing with <br /> the Registrar on or before that date a sum sufficient for the payment thereof in full. If any Bond <br /> should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a <br /> sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. <br /> Adopted this 10th day of April, 2017. <br /> 614 <br /> Carol A. Mueller, Mayor <br /> ATTEST: <br /> J7/1/YVRA &t11111Mbri‘Y <br /> James Ericson, City Administrator <br /> (SEAL) <br /> The motion for the adoption of the foregoing resolution was duly seconded by Member <br /> v p n , and upon vote being taken thereon, the following voted in favor thereof: <br /> and the following voted against the same: <br /> whereupon said resolution was declared duly passed and adopted. <br /> 496797v2 JSB MU210-244 13 <br />