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Bonds and the Bonds and any other additional obligations issued pursuant to <br /> • Section 3.06 of the Authorizing Resolution payable from Net Revenues of the Store <br /> on a parity with the 1987 Bonds and the Bonds. <br /> 4.05. Accrued Interest. Accrued interest on the Bonds paid by the <br /> Purchaser shall be paid into the Reserve Bond Account. <br /> Section 5. Defeasance. When any Bond has been discharged as <br /> provided in this section, all pledges, covenants and other rights granted by this <br /> resolution to the holders of such Bonds shall cease, and such Bonds shall no longer <br /> be deemed to be outstanding under this Resolution. The City may discharge its <br /> obligations with respect to any Bond thereto which is due on any date by depositing <br /> with the paying agent on or before that date a sum sufficient for the payment thereof <br /> in full; or, if any Bond should not be paid when due, it may nevertheless be <br /> discharged by depositing with the paying agent a sum sufficient for the payment <br /> thereof in full with interest accrued to the date of such deposit. The City may also <br /> discharge its obligations with respect to any prepayable Bond according to its terms, <br /> by depositing with the paying agent on or before that date an amount equal to the <br /> principal, interest and redemption premium, if any, which are then due, provided <br /> that notice of such redemption has been duly given as provided herein. The City <br /> may also at any time discharge its obligations with respect to any Bonds, subject to <br /> the provisions of law now or hereafter authorizing and regulating such action, by <br /> depositing irrevocably in escrow, with a bank qualified by law as an escrow agent for <br /> • this purpose, cash or securities which are authorized by law to be so deposited, <br /> bearing interest payable at such times and at such rates and maturing on such dates <br /> as shall be required to pay all principal, interest and redemption premiums to <br /> become due thereon to maturity or said redemption date. <br /> Section 6. County Auditor Registration, Certification of Proceeding-s, <br /> Investment of Moneys, Arbitrage, Designation of Bonds as Qualified Tax Exempt <br /> Obligations and Official Statement. <br /> 6.01. County Auditor Registration. The City Clerk is hereby authorized <br /> and directed to file a certified copy of this resolution with the County Auditors of <br /> Hennepin and Ramsey Counties, together with such other information as the <br /> County Auditors shall require, and to obtain from said County Auditors certificates <br /> that the Bonds have been entered on his bond register as required by law. <br /> 6.02. Certification of Proceedings. The officers of the City and the <br /> County Auditors of Hennepin and Ramsey Counties are hereby authorized and <br /> directed to prepare and furnish to the purchaser of the Bonds and to Dorsey & <br /> Whitney, Bond Counsel, certified copies of all proceedings and records of the City, <br /> and such other affidavits, certificates and information as may be required to show <br /> the facts relating to the legality and marketability of the Bonds as the same appear <br /> -12- <br />