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opinion to be printed on each Bond, together with a certificate to be signed by the
<br />facsimile signature of the Manager in substantially the form set forth in the form of
<br />Bond. The Manager 'is authorized and directed to execute such certificate in the
<br />name of the City upon receipt of such opinion and to file the opinion in the City
<br />offices 0
<br />3,03, Book -Ent stem . The Bonds are initially issued in the form of a
<br />sepexate single typewritten or printed fully registered Bond for each of the
<br />maturities set forth in Section 1 * 03 hereof . Upon initial issuance , the ownership of
<br />each such Bond will be registered in the registration books Dept by the Bond
<br />Registrar to the name of Dray & Co., as nominee for Midwest Securities Trust
<br />Company, Chicago, Illinois , and its successors and assigns (Midwest) . Except as
<br />provided in this Section 3, all of the outstanding Bonds will be initially registered
<br />in the registration books kept by the Bond Registrar in the name of Dray & Co. , as
<br />nominee of Midwest.
<br />3 . 04 . Registration: Limited Obligation of fit . with respect to Bonds
<br />registered in the registration stration books kept by the Bond Registrar in the name of Kray
<br />& Co., as nornnee of Midwest , the City, the Bond Registrar and the Paying Agent
<br />wiU have no responsibility or obligation to any broker dealers, banks and other
<br />• Institutions � t ho�ids Bonds �s securities
<br />financial from time to tie for which Midwes
<br />depository (the Parti cipants ) or to any other person on behalf of which a Participant
<br />P � records of Midwest Rra &
<br />holds an interest in the Bonds, (i) the accuracy of the y
<br />Co. or an Participant with respect to any ownership interest in the Bonds, ( ii ) the
<br />• y P i than a registered owner of
<br />delivery to any Participant or any other person other
<br />Bonds as shown b y i the registration gooks kept by the Bond Registrar, , of any
<br />notice with respect to the Bonds, including any notice of redemption, or lii) the
<br />payment to any Participant or any other person, other than a registered owner of
<br />Bonds y or an amount with respect to principal of, premium , if any , or interest on
<br />the Bonds. The the Bond Registrar and the Paying Agent may treat and
<br />City, � • stratYO]� books
<br />consider the person in whose name each Bond is registered in the
<br />kept b the Bond Registrar as the holder and absolute owner of such Bond for the
<br />P y � to such Bond
<br />purpose of payment of principal, premium and interest with respect ,
<br />for the purpose of registering transfers with respect to such Bond, and for all other
<br />+ � a * + • i.4 and interest
<br />purposes. The Paying Agent is to pay all principal of, premium, y,
<br />on the Bonds only o or on the order of the respective registered owners, as shown
<br />• - y such payments will be
<br />in the registration books kept b the Bond Registrar, and all P
<br />valid and effectual to fully satisfy and discharge the City's obligations with respect
<br />to Pam ent of principal of, premium, if any, or interest on the Bonds to the extent
<br />of the sum or sums so paid, No person other than a registered owner of Bonds, as
<br />shown in the registration books kept by the Bond Registrar, may receive a
<br />certificated Bond evidencing the obligation of the City to make payments of
<br />ce g
<br />cipal, pre mium, if any, or interest pursuant to this Bond Resolution. Upon
<br />delivery by Mf direst to the Finance Director of a written notice to the effect that
<br />blidwest has determined to substitute a new nominee of Midwest* and upon receipt of
<br />such a notice Finance ance Director must promptly deliver a copy of the same to the
<br />Bon d Re Pa Agent, if the Bond Registrar or Paying Agent is other
<br />Registrar and �g A g
<br />than the Finance Director
<br />3 , 05 , Representation Letter The form of Representation Letter proposed to
<br />be submitted to Midwest, which is on file with the Finance Director and has been
<br />presented � PP
<br />t d to this council is approved, , and ' the Finance Director is authorized to
<br />execute and deliver the Representation Letter in substantially the form on file , with
<br />such chan ges therein not inconsistent with law as the Finance Director and the City
<br />=417 7
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