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iEir <br />■ I <br />Y?ar Amount <br />2004 $160,000 <br />2005 180,000 <br />2006 185.000 <br />2007 180.000 <br />2008 180,000 <br />The Bonds shall be numbered R-l upwards in order of issuance or in such other order as the <br />Registrar may determine and shall be in the denomination of $5,000 each or any integral <br />multiple thereof not exceeding the amount maturing in any year. <br />3. The Bonds, the Registrar's Authentication Certilicate and the form of <br />assignment shall be in substantially the following form; <br />UNI I liD STATES OF AMERICA <br />STATE OF MINNESOTA <br />COIJN l Y OF HENNI-PIN <br />CITY OF ORONO <br />No.$ <br />GENERAL OBLIGATION SEWER IMPROVEMENT <br />REFUNDING BOND, SERIES 2003A <br />Interest Rate Maturity Date of Original Issue <br />July 1,2003 <br />CUSIP <br />Registered Owner: <br />Principal Amount: <br />The City of Orono. Hennepin County, Minnesota, for value received, hereby <br />promises to pay to the Registered Owner specified above, or registered assigns, without <br />option of prior payment, the Principal Amount specified above on the maturity date specified <br />above, upon the presentation and surrender hereof, and to pay tc the Registered Owner hereof <br />interest on such Principal Amount at the Interest Rate specified above from July 1,2003, or <br />the most recent interest payment date to which interest has been paid or duly provided for as <br />specified below, on February I and August 1 of each year, commencing Februar>’ 1. 2004. <br />until said principal amount is paid. Principal is payable in lawful money of the United States <br />of America at the ofllce of U.S. Bank National Association, in St. Paul, Minnesota, as Bond <br />Registrar or of its successor as Bond Registrar designated by the City upon 60 days ’ notice to <br />the registered owners at their registered addresses. Interest shall be paid on each February I <br />aittu