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<br />Year Rate Year Rate <br />2010 % 2017 % <br />2011 % 2018 % <br />2012 % 2019 % <br />2013 % 2020 % <br />2014 % 2021 % <br />2015 % 2022 % <br />2016 % 2023 % <br />Net Effective Interest Rate: % <br /> <br />Section 2. Book Entry Only System. The Depository Trust Company, a limited <br />purpose trust company organized under the laws of the State of New York, or any of its <br />successors or its successors to its functions hereunder (the "Depository"), will act as securities <br />depository for the Bonds, and to this end: <br /> <br />(a) The Bonds shall be initially issued and, so long as they remain in book entry form <br />only (the "Book Entry Only Period"), shall at all times be in the form of a separate single fully <br />registered Bond for each maturity of the Bonds; and for purposes of complying with this <br />requirement under Section 6, Authorized Denominations for any Bond shall be deemed to be <br />limited during the Book Entry Only Period to the outstanding principal amount of that Bond. <br /> <br />(b) Upon initial issuance, ownership of the Bonds shall be registered in a bond <br />register maintained by the Registrar (as hereinafter defined) in the name of Cede & Co., as the <br />nominee (it or any nominee of the existing or a successor Depository, the "Nominee"). <br /> <br />(c) With respect to the Bonds, neither the City nor the Registrar shall have any <br />responsibility or obligation to any broker, dealer, bank, or any other financial institution for <br />which the Depository holds Bonds as securities depository, (the "Participant") or the person for <br />which a Participant holds an interest in the Bonds shown on the books and records of the <br />Participant (the "Beneficial Owner"). Without limiting the immediately preceding sentence, <br />neither the City, nor the Registrar, shall have any such responsibility or obligation with respect to <br />(A) the accuracy of the records of the Depository, the Nominee or any Participant with respect to <br />any ownership interest in the Bonds, or (B) the delivery to any Participant, any Owner or any <br />other person, other than the Depository, of any notice with respect to the Bonds, including any <br />notice of redemption, or (C) the payment to any Participant, any Beneficial Owner or any other <br />person, other than the Depository, of any amount with respect to the principal of, premium, if <br />any, or interest on the Bonds, or (D) the consent given or other action taken by the Depository as <br />the Registered Holder of any Bonds (the "Holder"). For purposes of securing the vote or consent <br />of any Holder under this Resolution, the City may, however, rely upon an omnibus proxy under <br />which the Depository assigns its consenting or voting rights to certain Participants to whose <br />accounts the Bonds are credited on the record date identified in a listing attached to the omnibus <br />proxy. <br /> <br />3 <br />