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nevertheless be discharged by depositing with the Bond Registrar <br /> a sum sufficient for the payment thereof in full with interest <br /> accrued to the date of such deposit. The City may also discharge <br /> its obligations with respect to any prepayable Bonds called for <br /> redemption on any date when they are prepayable according to <br /> their terms by depositing with the Bond Registrar on or before <br /> that date a sum sufficient for the payment thereof in full, <br /> provided that notice of redemption thereof has been duly given. <br /> The City may also at any time discharge its obligations with <br /> respect to any Bonds, subject to the provisions of law now or <br /> hereafter authorizing and regulating such action, by depositing <br /> irrevocably in escrow, with a suitable banking institution <br /> qualified by law as an escrow agent for this purpose, cash or <br /> securities described in Minnesota Statutes, Section 475. 67, <br /> Subdivision 8, bearing interest payable at such times and at such <br /> rates and maturing on such dates as shall be required, subject to <br /> sale and/or reinvestment, to pay all amounts to become due <br /> thereon to maturity or, if notice of redemption as herein <br /> required has been duly provided for, to such earlier redemption <br /> date. <br /> 25. Headings. Headings in this Resolution are <br /> included for convenience of reference only and shall not limit or <br /> define the meaning of any provision hereof. <br /> Adopted this 22nd day of April, 1991, by the Mounds • <br /> View City Council. <br /> The motion for the adoption of the foregoing Resolution was <br /> duly seconded by Councilmember and, after full <br /> discussion thereof and upon a vote being taken thereon, the <br /> following Councilmembers voted in favor thereof: <br /> and the following voted against the same: <br /> Whereupon said Resolution was declared duly passed and <br /> adopted. <br /> • <br /> 16244 <br /> 20 <br />