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January 21, 1985. Bonds shall be numbered, shall mature and <br />shall bear interest at the rates set forth in the table attached <br />as Exhibit A. <br /> <br /> Section 3. APPOINTMENT OF PAYING AGENT, REGISTRAR AND <br />TRANSFER AGENT. The City Council hereby appoints Bank of <br />America National Trust and Savings Association as paying agent, <br />registrar and transfer agent for the bonds in accordance with an <br />agreement between the City and Bank of America National Trust <br />and Savings Association, heretofore approved by the City <br />Council. <br /> <br /> Section 4. FORM AND EXECUTION. Bonds shall be issued <br />as fully registered bonds in the form set forth as Exhibit B to <br />this resolution. The bonds shall be signed by the City <br />Treasurer and the City Clerk and the seal of the City shall be <br />affixed. Both signatures and seal may be reproduced on the <br />bonds by facsimile, but upon its registration or reregistration <br />each bond shall be authenticated by the manual signature of the <br />registrar. <br /> <br /> The paying agent shall assign to each bond <br />authenticated and registered by it a distinctive letter, or <br />number, or letter and number, and shall maintain a record <br />thereof which shall be available to the City for inspection. <br /> <br /> Section 5. ESTABLISHMENT OF SPECIAL FUNDS. For <br />administering the proceeds of the sale of bonds and payment of <br />interest and principal on the bonds, there are hereby <br />established three funds to be known as the improvement fund, the <br />redemption fund and the special reserve fund, respectively, for <br /> <br /> <br />