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REDEMPTION: All Bonds will be without right of <br />prior redemption. <br />PAYING AGENT, <br />The Issuer will select a Paying <br />REGISTRAR, and <br />Agent, Registrar and Transfer Agent <br />TRANSFER AGENT: <br />prior to the awarding of the bonds. <br />The Issuer will pay the customary <br />charges for this service. <br />CUSIP NUMBERS: <br />CUSIP numbers will be printed on <br />said bonds at the option of the <br />purchaser, but neither the failure <br />to print such numbers on any bond <br />nor any error with respect thereto <br />shall constitute cause for a <br />failure or refusal by the purchaser <br />thereof to accept delivery of and <br />pay for said bonds in accordance <br />with terms of the purchase <br />contract. <br />DELIVERY: <br />Not more than forty days after <br />award, subject to approving legal <br />opinion of Briggs and Morgan, <br />Professional Association, of St. <br />Paul and Minneapolis, Minnesota. <br />Bond printing and legal opinion <br />will be paid by the Issuer and <br />delivery will be anywhere in the <br />continental United States without <br />cost to the purchaser. Legal <br />opinion will be printed on the <br />bonds at the request of the <br />successful bidder. <br />TYPE OF BID <br />Sealed bids for not less than <br />$290,000 and accrued interest on <br />the principal sum of $295,000 from <br />the date of the bonds to the date <br />of delivery must be filed with the <br />City Clerk -Treasurer prior to the <br />time of sale. Each bid must be <br />unconditional except as to <br />legality. A certified or cashier's <br />check in the amount of $5,900 pay- <br />able to the order of the City <br />Treasurer must accompany each bid, <br />to be forfeited as liquidated <br />damages if the company making the <br />bid fails to comply with the <br />accepted bid. Bids for the bonds <br />should be addressed to: <br />-2- <br />