|
Year Amount Year
<br />2010
<br />2011
<br />2012
<br />2013
<br />1'01
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />Ammint
<br />901
<br />(b), Book Enta Only System. The Depository Trust Company,, a limited purpose
<br />trust company organized under the laws of the State of New York or any of its successors or its
<br />successors to its functions hereunder the "Depository"), will act as securities depository for the
<br />Certificates,, and to this end.-
<br />(i), The Certificates shall be initially issued and, so long as they remain in
<br />book entry form only (the "Book Entry Only Period"),, shall at all times be in the form of
<br />a separate single fully registered Certificate for each maturity of the Certificates; and for
<br />purposes of complying with this requirement under paragraphs 5 and 10 Authorized
<br />Denominations for any Certificate shall be deemed to be limited during the Book Entry
<br />Only Period to the outstanding principal amount of that Certificate.
<br />(ii), Upon initial issuance, ownership of the Certificates shall be registered in a
<br />bond register maintained by the Registrar as hereinafter defined), in the name of CEDE
<br />& CO.,, as the nominee it or any nominee of the existing or a successor Depository,, the
<br />'Nominee").
<br />(iii), With respect to the Certificates neither the City nor the Registrar shall
<br />have any responsibility or obligation to any broker, dealer, bank, or any other financial
<br />institution for which the Depository holds Certificates as securities depository (the
<br />"Participant"), or the person for which a Participant holds an interest in the Certificates
<br />shown on the books and records of the Participant (the "Beneficial Owner"). Without
<br />limiting the immediately preceding sentence, neither the City, nor the Registrar, shall
<br />have any responsibility or obligation with respect to (A), the accuracy of the records of
<br />the Depository, the Nominee or any Participant with respect to any ownership interest in
<br />the Certificates,, or (B), the delivery to any Participant,, any Owner or any other person,
<br />other than the Depository, of any notice with respect to the Certificates, including any
<br />notice of redemption, or (C), the payment to any Participant, any Beneficial Owner or any
<br />other person, other than the Depository, of any amount with respect to the principal of or
<br />premium, if any, or interest on the Certificates, or (D), the consent given or other action
<br />taken by the Depository as the Register Holder of any Certificates (the "Holder"). For
<br />purposes of securing the vote or consent of any Holder under this Resolution, the City
<br />may, however, rely upon an omnibus proxy under which the Depository assigns its
<br />consenting or voting rights to certain Participants to whose accounts the Certificates are
<br />credited on the record date identified in a listing attached to the omnibus proxy.
<br />(iv), The City and the Registrar may treat as and deem the Depository to be the
<br />absolute owner of the Certificates for the purpose of payment of the principal of and
<br />premium, if any, and interest on the Certificates, for the purpose of giving notices of
<br />3
<br />2214122vl
<br />
|