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a , h <br />redemption shall be due and payable on the redemption date, <br />and interest thereon shall cease to accrue from and after the <br />redemption date. Published notice of redemption shall in each <br />case be given in accordance with law, and mailed notice of <br />redemption shall be given to the paying agent and to each <br />affected registered owner of the Bonds. <br />To effect a partial redemption of Bonds having a <br />common maturity date, the Bond Registrar, prior to giving <br />notice of redemption, shall assign to each Bond of that <br />maturity a distinctive number for each $5,000 of the principal <br />amount of such Bond. The Bond Registrar shall then select by <br />lot, using such method of selection as it shall deem proper in <br />its discretion, from the numbers so assigned to such Bonds, as <br />many numbers as, at $5,000 for each number, shall equal the <br />principal amount of such Bonds to be redeemed. The Bonds to <br />be redeemed shall be the Bonds to which were assigned numbers <br />so selected; provided, however, that only so much of the <br />principal amount of each such Bond of a denomination of more <br />than $5,000 shall be redeemed as shall equal $5,000 for each <br />number assigned to it and so selected. If a Bond is to be <br />redeemed only in part, it shall be surrendered to the Bond <br />Registrar (with, if the City or Bond Registrar so requires, a <br />written instrument of transfer in form satisfactory to the <br />City or Bond Registrar duly executed by the registered owner <br />thereof or by the registered owner's attorney, duly authorized <br />in writing) and the City shall execute (if necessary) and the <br />Bond Registrar shall authenticate and deliver to the <br />registered owner of such Bond, without service charge, a new <br />Bond or Bonds of the same series having the same stated <br />maturity and interest rate and of any authorized denomination <br />or denominations, as requested by such registered owner, in <br />aggregate principal amount equal to and in exchange for the <br />unredeemed portion of the principal of the Bond so <br />surrendered. <br />7. Bond Registrar. American National Bank and <br />Trust Company, in St. Paul, Minnesota, is appointed to act as <br />bond registrar and transfer agent with respect to the Bonds <br />(the "Bond Registrar"), and shall do so unless and until a <br />successor Bond Registrar is duly appointed, all pursuant to <br />any contract the City and Bond Registrar shall execute which <br />is consistent herewith. The Bond Registrar shall also serve <br />as paying agent unless and until a successor paying agent is <br />duly appointed. The principal of and interest on the Bonds <br />shall be paid to the registered owners (or record owners) of <br />the Bonds in the manner set forth in the form of Bond and <br />paragraph 13 of this Resolution. <br />6 <br />