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and Minnesota Statutes, Section 469.1814. For the full and prompt payment of the principal of and <br />interest on the Bonds as the same become due, the full faith, credit and taxing power of the City have <br />been and are hereby irrevocably pledged. The Bonds are issuable only in fully registered form, in the <br />denomination of $5,000 or any integral multiple thereof, of single maturities. <br />Bonds maturing on February 1, 2027 and later years shall be subject to redemption and <br />prepayment at the option of the City, in whole or in part, in such order of maturity dates as the City may <br />select and, within a maturity, by lot as selected by the Registrar (or, if applicable, by the Bond depository <br />in accordance with its customary procedures) in multiples of $5,000, on February 1, 2026, and on any <br />date thereafter, at a price equal to the principal amount thereof and accrued interest to the date of <br />redemption. The City shall cause notice of the call for redemption thereof to be published if and to the <br />extent required by law, and at least thirty (30) and not more than sixty (60) days prior to the designated <br />redemption date, shall cause notice of call for redemption to be mailed, by first class mail (or, if <br />applicable, provided in accordance with the operational arrangements of the securities depository), to the <br />registered holders of any Bonds, at the holders' addresses as they appear on the Bond register maintained <br />by the Bond Registrar, but no defect in or failure to give such mailed notice of redemption shall affect the <br />validity of proceedings for the redemption of any Bond not affected by such defect or failure. Official <br />notice of redemption having been given as aforesaid, the Bonds or portions of Bonds so to be redeemed <br />shall, on the redemption date, become due and payable at the redemption price therein specified and from <br />and after such date (unless the City shall default in the payment of the redemption price) such Bonds or <br />portions of Bonds shall cease to bear interest. Upon partial redemption of any Bond, a new Bond or <br />Bonds will be delivered to the owner without charge, representing the remaining principal amount <br />outstanding. <br />Bonds maturing in the years 2029, 2031, and 2033 shall be subject to mandatory redemption, at a <br />redemption price equal to their principal amount plus interest accrued thereon to the redemption date, <br />without premium, on February 1 in each of the years shown below, in an amount equal to the following <br />principal amounts: <br />Term Bonds Maturine in 2029 <br />Sinking Fund <br />Payment Date <br />2028 <br />2029 (final maturity) <br />Aggregate <br />Principal Amount <br />$180,000 <br />185,000 <br />Term Bonds Maturing in 2031 <br />Sinking Fund <br />Payment Date <br />2030 <br />2031 (final maturity) <br />Term Bonds Maturing in 2033 <br />Sinking Fund <br />Payment Date <br />2032 <br />2033 (final maturity) <br />Aggregate <br />Principal Amount <br />$200,000 <br />205,000 <br />Notice of redemption shall be given as provided in the preceding paragraph. <br />Aggregate <br />Principal Amount <br />$190,000 <br />195,000 <br />As provided in the Resolution and subject to certain limitations set forth therein, this Bond is <br />transferable upon the books of the City at the principal office of the Registrar, by the registered owner <br />hereof in person or by the owner's attorney duly authorized in writing upon surrender hereof together <br />