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oil the Bonds. to the extent of the sutra or sums so paid. No person other rhan a registered o%Vner of Bonds, ik5 sltMn in the registration books kept ley the legistrar. will receive a certificated Bond evidencing t}>e o.biict�rtictn of this resoluti011e Upon delivery by D.-I-C to the City Administrator -Clerk of a. written notice ut the eff'eet that 1)TC." has determined to substitute a new nominee in pla4ta Q!' Cede 8c Co., the words Cu." will refer to such new nominee of UTC,-. and upon receipt of such ii notice, tite City Administrator -Clerk will promptly deliver a copal of the same to the Registrar and Paving Agent: �.03.. [Zef�resei�tzaEic?tI 1. ,etter. '!'Ite.City has.ltetctofore.. e:iecttted and delivered to DTC a 81miket Is,ucr Lcttrr of Representations {[lie -RepresentatiaEi t.ctter") which shall govern payment of principal of'; premium, if dily, and interest aii the Bonds and notices with respect to the Bonds.. Any Paying Agent:or Registrar subsequently appointed by the City with: respect to the Bonds will agree :to take all aetioit ne cssary for all representations ol`tile Cali►�in-the RepreseEtttttion Lcttcr.with res.pect to the Regiwtir-and Paying Agent, re:spectivciy, to be complied with at till times: $.04. I'i_al_tsfers,_Q is ic�IioQf�=Entry System. in the event the City, by resoluiioot elf the City Council. detern-fines that it is `in the best interests of cite persons having beneficiaf interests in this Bonds that they be able to obtain Bond certkfieates, the City will notify DTC, -where.UpUn UTC will notitj the Participants, of the availability tliriiugh I)TC: of Bond cccl'ificates. In sutch event the City v-ill issue, tralsfier and. exchange Bo!id certificates as re(luesteci by DTC a►i.if ally Other registered tered i?wttcrs in accordaftce µ-ith the provisions of this Resolution. DTC .inay determine to discontinue p3•ovidirio .its services with respect* to. tile Bonds at any time by giving notice to the OIN and discharging its responsibiiitics with respect thereto under applicable law; lEt such event if no succe_ssar seeprilicA depository is appointed, the City wii:l issue and the. Registrar Will authenticate Bond certificates ih accordance With this resolut'im and the provisions hereof will uply'to the transfer, exchange. and metlt6d of payment thereof.. S-05. Pavtnents to Cede._& Co. Notw ithstandirig•any other provision of this Resolution to tile' contrary. se long as a Bond i:s registered in the saute of Cede & Co., as nomihec..o.f IaTC. p yrilents with respect: to principal of; premium, if any, and interest .on the Bond allO noticeswith respect fo the Bond will be made and given, respectively in the manner provided in.DTf" s Operational Arrangement i as set fia:tlt in the Represtrtttition .Utter. Section 94 (.oniimcl0 nisclos,iii�c.: 9.01. No ,I2egi-6rement ot- ontinuing Disilosur . P4rlicipating underwriters tired not comltk with the continuin- disclosure requirements: f Rule 150-12 promulgated .by the Securities and f .xchiirlge Commission under the Securities F .change Act of 1934 (the "Rule"), because tale offering is in a principal amount less than $1,000,.60:0. Consequently, the City will iioi enter into any undcrtrti;ing tea provide continuing dise.lostrre of ally kirtd with respect to the Bonds. Section 10, C)efm agq.- When all Bonds and .all interest thereon have been. discharged ss provided in .this section, all pledges. covenants and other. rights granted by this resoludoll to the holders. of the Borids will cease; exeept.that. the pledge,of4he full faith and credit oftlte City .Rx the. prompt an(f frill. paynle.nt of the principal of and intemtt on the 73unds will retttairt in frill force and effect. The City rtiav .0ischarge all Bonds which are. dud on any (late by depositing with the Re istrar can (it* before that date a sutTt .sufficient for the payment therco.f in full. If any .Bond :should not be paid when dtte, it [Ua nevertheless be discharged.by dcpositing with the Registrar a sum sufficient fir the paynwnt thereof in frill with interest. Accrued to.the date of such deposit. 46125:Svt -GAV GE 190• 12 i l