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• <br /> obligations with respect to any Bonds which are due on any date <br /> by depositing with the Registrar on or before that date a sum <br /> sufficient for the payment thereof in full ; or , if any Bond <br /> should not be paid when due, it may nevertheless be discharged <br /> by depositing with the Registrar a sum sufficient for the <br /> payment thereof in full with interest accrued from the due date <br /> to the date of such deposit . The Issuer may also discharge its <br /> 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 Registrar on or before that <br /> date an amount equal to the accreted amount then due, provided <br /> that notice of such redemption has been duly given as provided <br /> herein. The Issuer may also at any time discharge its <br /> obligations with respect to any Bonds , subject to the <br /> provisions of law now or hereafter authorizing and regulating <br /> such action, by depositing irrevocably in escrow, with a bank <br /> qualified by law as an escrow agent for this purpose, cash or <br /> securities which are authorized by law to be so deposited, <br /> bearing interest payable at such time and at such rates and <br /> maturing or callable at the holder ' s option on such dates as <br /> shall be required to pay the accreted amount of the Bonds at <br /> maturity or said redemption date. <br /> • , Section 9 . Registration of Bonds . The Clerk is <br /> hereby authorized and directed to file a certified copy of this <br /> resolution with the County Auditors of Hennepin and Ramsey <br /> Counties and obtain a certificate that the Bonds have been duly <br /> entered upon the Auditor ' s bond register as required by law. <br /> Section 10 . Authentication of Transcript . The <br /> officers of the Issuer are hereby authorized and directed to <br /> prepare and furnish to the purchasers of the Bonds , and to the <br /> attorneys rendering an opinion as to the legality thereof , <br /> certified copies of all proceedings and records relating to the <br /> Bonds and such other affidavits, certificates and information <br /> as may be required to show the facts relating to the legality <br /> and marketability of the Bonds , as the same appear from the <br /> books and records in their custody and control or as otherwise <br /> known to them, and all such certified copies, affidavits and <br /> certificates , including any heretofore furnished, shall be <br /> deemed representations of the Issuer as to the correctness of <br /> all statements contained therein. <br /> Section 11 . Tax Covenant . The Issuer covenants and <br /> agrees with the holders from time to time of the Bonds herein <br /> authorized, that it will not take, or permit to be taken by any <br /> of its officers , employees or agents, any action which would <br /> cause the interest payable on the Bonds to become subject to <br /> taxation under the United States Internal Revenue Code of 1986 , <br /> as amended (the Code) and regulations issued thereunder, and <br /> -13- <br />