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• Principal, interest and premium, if any, payments on the Bonds will be made to Cede & Co., or <br /> such other nominee as may be requested by an authorized representative of DTC. DTC's <br /> practice is to credit Direct Participants' accounts upon DTC's receipt of funds and corresponding <br /> detail information from the City or the Trustee, on the payable date in accordance with their <br /> respective holdings shown on DTC's records. Payments by Participants to Beneficial Owners <br /> will be governed by standing instructions and customary practices, as is the case with securities <br /> held for the accounts of customers in bearer form or registered in "street name," and will be the <br /> responsibility of such Participant and not of DTC, the Trustee, or the City, subject to any <br /> statutory or regulatory requirements as may be in effect from time to time. Payment of principal, <br /> interest and premium, if any, to Cede & Co. (or such other nominee as may be requested by an <br /> authorized representative of DTC) is the responsibility of the Trustee, disbursement of such <br /> payments to Direct Participants will be the responsibility of DTC, and disbursement of such <br /> payments to the Beneficial Owners shall be the responsibility of Direct and Indirect Participants. <br /> DTC may discontinue providing its services as securities depository with respect to the Bonds at <br /> any time by giving reasonable notice to the City or the Trustee. Under such circumstances, in <br /> the event that a successor securities depository is not obtained, Bonds are required to be printed <br /> and delivered. The City may decide to discontinue use of the system of book-entry transfers <br /> through DTC (or a successor securities depository). In that event, Bonds will be printed and <br /> delivered. <br /> The information concerning DTC and DTC's book-entry system set forth above has been <br /> obtained from DTC. Neither the Underwriter nor the City make any representation or warranty <br /> regarding the accuracy or completeness thereof. <br /> So long as the Bonds are in book-entry only form,Cede& Co., as nominee for DTC,will be <br /> treated as the sole owner of the Bonds for all purposes under the Authorizing Ordinance, <br /> • including receipt of all principal of and interest on the Bonds, receipt of notices, voting and <br /> requesting or directing the Trustee to take or not to take, or consenting to, certain actions <br /> under the Authorizing Ordinance. The City and the Trustee have no responsibility or <br /> obligation to the Participants or the Beneficial Owners with respect to (a) the accuracy of <br /> any records maintained by DTC or any Participant; (b) the payment by any Participant of <br /> any amount due to any Beneficial Owner in respect of the principal of and interest on the <br /> Bonds; (c) the delivery or timeliness of delivery by any Participant of any notice to any <br /> Beneficial Owner which is required or permitted under the terms of the Authorizing <br /> Ordinance to be given to owners of Bonds; or(d) other action taken by DTC or Cede& Co. <br /> as owner of the Bonds. <br /> Generallv. The Bonds are dated, mature and bear interest as set forth on the cover page hereof. <br /> The principal of the Bonds is payable upon presentation and surrender at the principal office of <br /> the Trustee. Payment of interest on the Bonds will be made to each registered owner thereof by <br /> check or draft mailed by the Trustee to such owner at his address as such name and address <br /> gear on the registration book of the City kept by the Trustee on the record date which is the <br /> eenth day of the calendar month next preceding the calendar month in which such interest <br /> payment date falls. All such payments will be made in lawful money of the United States of <br /> America. <br /> The Bonds are issuable in the form of registered Bonds without coupons in the denomination of <br /> $5,000 each or any integral multiple thereof, interchangeable in accordance with theprovisions <br /> of the Authorizing Ordinance. In the event any Bond is mutilated, lost or destroyed, the City <br /> shall, if not then prohibited by law, execute and the Trustee may authenticate a new Bond in <br /> accordance with the provisions therefor in the Authorizing Ordinance. <br /> Each Bond is transferable by the registered owner thereof or by his attorney duly authorized in <br /> writing at the principal office of the Trustee. Upon such transfer a new fully registered Bond or <br /> 4 <br />