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2 . The First National Bank of Minneapolis, in <br /> • Minneapolis, Minnesota, as paying agent for said issue, is <br /> hereby authorized to pay said duplicate bond and coupons <br /> when due and upon presentation; and <br /> 3. The City of Elk River shall hold said paying <br /> agent harmless from any and all damages it may incur by <br /> reason of said payment. <br /> The motion for the adoption of the foregoing <br /> resolution was duly seconded by member Toth <br /> and upon vote being taken thereon, the following voted in <br /> favor thereof: <br /> Councilmembers Toth, Duitsman, Otto, Engstrom <br /> and the following voted against the same: <br /> None <br /> Whereupon said resolution was declared duly <br /> passed and adopted. <br /> • <br />