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' � • Resolution #1772 <br /> • at par and accrued interest. In the event of redemption by lot <br /> of Bonds of like maturity, the Bond Registrar shall assign to <br /> each Bond of such maturity then outstanding a distinctive number <br /> for each $5 ,000 of the principal amount of such Bonds and shall <br /> select by lot in the manner it determines the order of numbers, <br /> at $5,000 for each number, for all outstanding Bonds of like <br /> maturity. The order of selection of Bonds to be redeemed shall <br /> be the Bonds to which were assigned numbers so selected, but only <br /> so much of the principal amount of each Bond of a denomination of <br /> more than $5,000 shall be redeemed as shall equal $5,000 for each <br /> number assigned to it and so selected. The Bonds shall be <br /> numbered from R-1 upwards in order of issuance or in such other <br /> order as the Registrar may determine and shall be in the <br /> denomination of $5 ,000 each or any integral multiple thereof not <br /> exceeding the amount maturing in any year. <br /> 3. The Bonds, the Registrar' s Authentication Certifi- <br /> cate, the form of assignment and the City Clerk' s Certificate on <br /> • the reverse side thereof shall be in substantially the following <br /> form: <br /> UNITED STATES OF AMERICA <br /> . STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> • CITY OF ORONO <br /> No. R- $ <br /> GENERAL OBLIGATION <br /> IMPROVEMENT BOND OF 1985 <br /> Rate Maturity Date of OriQinal Issue CUSIP <br /> July 1 , 1985 <br /> The City of Orono, Hennepin County, Minnesota, for <br /> value received, hereby promises to pay to <br /> or registered assigns, the <br /> principal sum of dollars <br /> ($ ) on the maturity date specified above, without <br /> option of prior payment, upon the presentation and surrender <br /> hereof, and to pay to the registered owner hereof interest on <br /> such principal sum at the interest rate specified above from <br /> July 1, 1985 , or the most recent interest payment date to which � <br /> interest has been paid or duly provided for as specified below, <br /> on January 1 and July 1 of each year, commencing January 1, 1986 , <br /> until said principal sum is paid. Principal is payable in lawful <br /> � money of the United States of America at the office of , <br /> as Bond Registrar or of its successor as Bond <br /> Registrar designated by the City upon 60 days notice to the <br /> • registered owners at their registered addresses. Interest shall � <br /> -3- <br />