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<br />EL185-69-713323.v1 13 <br /> <br />for this purpose, cash or securities which are backed by the full faith and credit of the United <br />States of America, or any other security authorized under Minnesota law for such purpose, <br />bearing interest payable at such times and at such rates and maturing on such dates and in such <br />amounts as shall be required and sufficient, subject to sale and/or reinvestment in like securities, <br />to pay said obligation(s), which may include any interest payment on such Bond and/or principal <br />amount due thereon at a stated maturity (or if irrevocable provision shall have been made for <br />permitted prior redemption of such principal amount, at such earlier redemption date). If any <br />Bond should not be paid when due, it may nevertheless be discharged by depositing with the <br />Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such <br />deposit. <br /> <br /> The motion for the adoption of the foregoing resolution was duly seconded by Member <br />____________, and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> <br /> <br /> <br /> <br /> <br />and the following voted against the same: <br /> <br /> <br />whereupon said resolution was declared duly passed and adopted. <br />210