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[COMPLETE THE FOLLOWING PROVISIONS IF THERE ARE TERM BONDS- <br />ADD ADDITIONAL PROVISIONS IF THERE ARE MORE THAN TWO TERM BONDS] <br /> <br />[Bonds maturing on ________ 1, 20____ and 20____ (the “Term Bonds”) shall be <br />subject to mandatory redemption prior to maturity pursuant to the sinking fund requirements of <br />this Section 2.04 at a redemption price equal to the stated principal amount thereof plus interest <br />accrued thereon to the redemption date, without premium. The Registrar shall select for <br />redemption, by lot or other manner deemed fair, on ________ 1 in each of the following years <br />the following stated principal amounts of such Bonds: <br />Term Bonds Maturing ________ 1, 20__ <br />Year Principal Amount <br /> <br /> <br /> <br /> <br /> <br />The remaining $_______________ stated principal amount of such Bonds shall be paid at <br />maturity on ________ 1, 20____. <br />Term Bonds Maturing ________ 1, 20__ <br />Year Principal Amount <br /> <br /> <br /> <br /> <br /> <br />The remaining $_______________ stated principal amount of such Bonds shall be paid at <br />maturity on ________ 1, 20____. <br />Notice of redemption shall be given in accordance with the preceding paragraph.] <br />2.05. Appointment of Initial Registrar. The City hereby appoints Bond Trust Services <br />Corporation, Roseville, Minnesota, as the initial bond registrar, transfer agent and paying agent <br />(the Registrar). The Mayor and the City Manager are authorized to execute and deliver, on <br />behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar <br />with another corporation, if the resulting corporation is a bank or trust company organized under <br />the laws of the United States or one of the states of the United States and authorized by law to <br />conduct such business, such corporation shall be authorized to act as successor Registrar. The <br />City agrees to pay the reasonable and customary charges of the Registrar for the services <br />performed. The City reserves the right to remove the Registrar, effective upon not less than <br />thirty (30) days’ written notice and upon the appointment and acceptance of a successor <br />Registrar, in which event the predecessor Registrar shall deliver all cash and Bonds in its <br />possession to the successor Registrar and shall deliver the Bond Register to the successor <br />Registrar. <br /> <br />78