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Maturity Years Interest Rates Maturity Years Interest Rates <br />1987 <br />7.50% <br />1992 <br />9.00% <br />1988 <br />8.00% <br />1993 <br />9.20% <br />1989 <br />8.25% <br />1994 <br />9.40% <br />1990 <br />8.50% <br />1995 <br />9.50% <br />1991 <br />8.75% <br />1996 <br />9.50% <br />6. Bond Registrar. 1ST Rank of St Rail] , <br />in St. Paul , Minnesota, is appointed to act as bond <br />registrar and transfer agent (the "Bond Registrar") and shall <br />do so unless and until a successor Bond Registrar is duly <br />appointed, all pursuant to any contract the City and Bond <br />Registrar shall execute which is consistent herewith. The Bond <br />Registrar shall also serve as paying agent unless and until a <br />successor paying agent is duly appointed. Principal and <br />interest on the Bonds shall be paid to the registered holders <br />(or record holders) of the Bonds in the manner set forth in the <br />form of Bond and paragraph 12 of this resolution. <br />7. Form of Bond. The Bonds to be issued hereunder, <br />together with the Bond Registrar's Certificate of Authentica- <br />tion, the form of Assignment and the registration information <br />thereon, shall be in substantially the following form: <br />-3- <br />