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<br />Registrar will authenticate Bond certificates in accordance with this resolution and the provisions <br />hereofwill apply to the transfer, exchange and method of payment thereof <br /> <br />7.05. Payments to Cede & Co. Notwithstanding any other provision of this Resolution <br />to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee ofDTC, <br />payments with respect to principal of, premium, if any, and interest on the Bond and notices with <br />respect to the Bond will be made and given, respectively in the manner provided in DTC's <br />Operational Arrangements, as set forth in the Representation Letter. <br /> <br />Section 8. Continuing Disclosure. <br /> <br />8.01. Participating underwriters need not comply with the continuing disclosure <br />requirements of Rule 15c2-12 promulgated by the Securities and Exchange Commission under <br />the Securities Exchange Act of 1934 (the "Rule"), because the offering is in a principal amount <br />less than $1,000,000. Consequently, the City will not enter into any undertaking to provide <br />continuing disclosure of any kind with respect to the Bonds. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Member <br /> <br />, and upon vote being taken thereon, the following voted in favor <br /> <br />thereof: <br /> <br />and the following voted against the same: <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />SJB-202938v2 <br />eE] 55-] 7 <br />