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496797v1 JSB MU210-244 13 <br /> 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 /> <br /> <br />Adopted this 10th day of April, 2017. <br /> <br /> <br /> <br /> <br />_________________________________ <br />Carol A. Mueller, Mayor <br /> <br />ATTEST: <br />_______________________________ <br /> James Ericson, City Administrator <br /> <br />(SEAL) <br /> <br />