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496797v2 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 />Adopted this 10th day of April, 2017. <br /> <br /> <br /> <br />_________________________________ <br />Carol A. Mueller, Mayor <br /> <br />ATTEST: <br />_______________________________ <br /> James Ericson, City Administrator <br /> <br />(SEAL) <br /> <br /> <br /> <br /> The motion for the adoption of the foregoing resolution was duly seconded by Member <br />_______, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br />whereupon said resolution was declared duly passed and adopted.