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( 1 . 16%) per annum of the original principal amount of said Bond <br /> payable in six (6) consecutive, equal installments on principal <br /> payment dates commencing in June, 1985; shall be in the denomi- <br /> nations of Five Thousand Dollars ($5, 000 . 00) or integral mul- <br /> tiples thereof; shall be issued in registered form; shall be <br /> registrable as provided therein; shall be payable in the medium <br /> and at the place or places provided therein; and shall be sub- <br /> ject to optional and mandatory prepayment as provided therein. <br /> Section 6 . The Mayor and/or the Clerk of the City are <br /> authorized and directed to sell said Economic Development Reve- <br /> nue Bond to The First National Bank of Saint Paul, Saint Paul , <br /> Minnesota at a price not less than one hundred percent ( 100%) <br /> of the principal amount thereof, plus accrued interest . <br /> Section 7 . The Mayor and the Clerk of the City are <br /> authorized and directed to execute and deliver the aforemen- <br /> tioned documents for and on behalf of the City after making <br /> therein such changes permitted by the Act as they deem neces- <br /> sary or proper, as evidenced by their execution of such docu- <br /> ments , and are further authorized and directed to execute and <br /> deliver such other documents for and on behalf of the City, and <br /> to take such other actions for and on behalf of the City, as <br /> they deem necessary or proper in connection with the consumma- <br /> tion of such financing. The Mayor and the Clerk of the City <br /> are authorized to arrange for the delivery of said Economic <br /> Development Revenue Bond to The First National Bank of Saint <br /> Paul , Saint Paul , Minnesota. <br /> -5- <br />