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thereof to be redeemed set forth below, plus interest accrued <br /> to the date of redemption: <br /> Redemption Date Redemption Price <br /> August 1 , 1987 through August 1 , 1992 102% <br /> February 1 , 1993 and thereafter 1000 <br /> At least thirty days prior to the date set for redemption of <br /> any Bond, the City Manager shall cause notice of the call for <br /> redemption to be published in a daily or weekly periodical <br /> published in a Minnesota city of the first class or its <br /> metropolitan area, which circulates throughout the state and <br /> furnishes financial news as a part of its service, and to be <br /> mailed to the Registrar and to the registered owner of each <br /> Bond to be redeemed, but no _defect in or failure to give such <br /> mailed notice of 'redemption shall affect the validity of <br /> proceedings for the redemption of any Bond not affected by such <br /> defect or failure. <br /> 3 . 06 . Preparation and Delivery. The Bonds shall be <br /> prepared under the direction of the City Manager and shall be <br /> executed on behalf of the City by the signatures of the Mayor <br /> and the City Manager , and shall be sealed with the official <br /> • corporate seal of the City; provided that said signatures and <br /> the corporate seal may be printed, engraved, or lithographed <br /> facsimiles thereof . In case any officer whose signature, or a <br /> facsimile of whose signature, shall appear on the Bonds shall <br /> cease to be such officer before the delivery of any Bond, such <br /> signature or facsimile shall nevertheless be valid and <br /> sufficient for all purposes , the same as if such officer had <br /> remained in office until delivery. Notwithstanding such <br /> execution, no Bond shall be valid or obligatory for any purpose <br /> or entitled to any security or benefit under this resolution <br /> unless and until a certificate of authentication on such Bond <br /> has been duly executed by the manual signature of an authorized <br /> representative of the Registrar . Certificates of <br /> authentication on different Bonds need not be signed by the <br /> same representative. The executed certificate of authenti- <br /> cation on each Bond shall be conclusive evidence that it has <br /> been authenticated and delivered under this resolution. When <br /> the Bonds have been so executed and authenticated, they shall <br /> be delivered by the City Manager to the purchaser thereof upon <br /> payment of the purchase price in accordance with the contract <br /> of sale heretofore made and executed, and the purchaser shall <br /> not be obligated to see to the application of the purchase <br /> price. <br /> 3 . 07 . Application of Proceeds . The proceeds of the <br /> • Bonds shall be applied as follows : <br /> -15- <br />