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• <br /> thereunto enabling , including Minnesota Statutes, Section <br /> 444 . 075 and Chapter 475 . The Bonds of this series are issuable <br /> only as fully registered bonds , in original principal <br /> denominations of $ or any multiple thereof , of single <br /> maturities . <br /> The Bonds are each subject to redemption and <br /> prepayment at the option of the Issuer, in whole or in part , <br /> and if in part by lot as selected by the Registrar, on July l , <br /> 1992 and January 1, 1993 at a price equal to the accreted <br /> amount as of the date of redemption. The Issuer will cause <br /> notice of the call for redemption to be published as required <br /> by law and, at least thirty days prior to the date specified <br /> for redemption, will cause notice of the call thereof to be <br /> mailed, by registered or certified mail , to the registered <br /> owner of any Bond to be redeemed at the owner ' s address as it <br /> appears on the bond register maintained by the Bond Registrar, <br /> and to the bank at which principal and interest are then <br /> payable. Official notice of redemption having been given as <br /> aforesaid, the Bonds or portions of Bonds so to be redeemed <br /> shall , on the redemption date, become due and payable at the <br /> redemption price therein specified, and from and after such <br /> date (unless the Issuer shall default in the payment of the <br /> • redemption price) such Bonds or portions of Bonds shall cease <br /> to accrue interest . Upon partial redemption of any Bond, a new <br /> Bond or Bonds will be delivered to the owner without charge, <br /> representing the remaining original principal amount and <br /> accrued interest outstanding . <br /> As provided in the Resolution and subject to certain <br /> limitations set forth therein, this Bond is transferable upon <br /> the books of the Issuer at the principal office of the Bond <br /> Registrar, by the registered owner hereof in person or by the <br /> owner ' s attorney duly authorized in writing upon surrender <br /> hereof together with a written instrument of transfer <br /> satisfactory to the Bond Registrar, duly executed by the <br /> registered owner or said attorney; and may also be surrendered <br /> in exchange for Bonds of other authorized denominations . Upon <br /> such transfer or exchange the Issuer will cause a new Bond or <br /> Bonds to be issued in the name of the transferee or registered <br /> owner, of the same aggregate original principal amount, subject <br /> to reimbursement for any tax, fee or governmental charge <br /> required to be paid with respect to such transfer or exchange. <br /> The Issuer and the Bond Registrar may deem and treat <br /> the person in whose name this Bond is registered as the <br /> absolute owner hereof , whether this Bond is overdue or not, for <br /> the purpose of receiving payment and for all other purposes , <br /> and neither the Issuer nor the Bond Registrar shall be affected <br /> • by any notice to the contrary. <br /> -8- <br />