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· I . 1 ' '1.02. The City will comply with Nquirement..neoelA17 under the Code to ..tabUsh and mafnta1n the excJUROD. from poal income of the inteNlt on the Bonds UDde!' Seodon 103 at the Code, lnalucUn¡ without limitatiou Nqujrementl relatin¡ to t.mporaryperiod.8 tor mv..tment., UmitatioDS on amount.1nvested at a yield ¡reater tban the yield on the Bondi, and the rebate of exoe.. mve.tment earninp to the UDitèd States it the Bonds (toþther With other obUpt!oDa l'eMot1&bly expeoted to be issued In œ1endar year 1894) uoeed the ama1J.-úauer exception amount at *0,000,000. ., .03. The City further oovenants not to uae the proceeds of the Bonda or to cau.s 01' perm1t them or any of them to be used, in such a manner a. to caUII8 the Bonds to be "private activity bond." within the ~"tt'l,l ot Section. 103 an4 141 tJ11'ouCh 1&0 or the Code. ., .04. The City wiD ue it. beast ettOI'W to comply with any federal procedural requirement. which may apply in OJ'd.I1' to effectuate the ctla1gnat1onl made by UWI .IOtiOÐ. SectIon 8. Book..Entl"Y SX8tem; Limited Ob1fnt!oÐ of Citvt 8.01. The Bond.s U'e' to b, bûtia11y iaaued m' the torm of a .Ipalate 11n¡1e typewritten or printed. fuUy :Nptered Bond for each of the maturit1e. .cat foJ1b in Section 1.03 hereof. Upon initial Issuance, the ownership of each suoh Bond Is to _ be re¡iatered in the registmt10n bcok. kept by the Bonel Re¡f8trar in the name of Kray Ie co., as nom1nee tor Midwest Depository Trust Company, Chioa¡o, Illinois, and jts SUOCes80N and ...!¡ens (Mid.....t). Exoept.. provided in th1a Motton. aU or the outlitanc11n¡ Bond. ï,haD be reptere4 m the H¡latration boob kept by 'the Bond Regiatrar in. the name of KnLy II Co., as nominee at Midwest. 8.02. With H8pêCt to BOncll1'Ø¡istered in tbe registration boob kept by the Bone! Re¡Ut1'8r in the name at Kray . Co., u nominee of Midwest, the City, the Bond RegiatrBr and the Paying Alent 8ha11 ha"tfe no J"CdJpODlllblltty or ob11¡at1on to any broker dealers, banks and other finaDc1a1 institutions from time to time for which Midwest hold. Bond. as securities depoølto17 (the Participants) or to any other person OD behalf of which & Participant hold. an interest In the BondI, inoludins but Dot 1im1ted to any r.spoD8ibWty or obUgation with respect to (1) the accuracy Of the reoord. of Midwest, Kray &I Co. 01' any Participant with respeot to uy owuerahip Snte1'eat in the Bonda, (ti) the deUvery to any Particlpant or any other person othe1' than a registe1'8d. owu.er or Bonds, as .ho~ by the ¡oe¡iatration boau kept by the Bon<1 Re¡fstl'al'. ot any notice with respeot to the Bonds, tnalucSinl any not1ae of ndemptiolL, or (W) the payment to any Participant or 8I1Y other person, other than a registered owner of Bondi, 01' any amount with Nspect to prJmdpal of, p:remiulD, fl uy. or iAteN8t on the Banda. The aty, the Bond Registrar and the paym¡ A&8nt may 't1'ea.t and consider the peNon 111 whoae name each DoDd :Is "¡f..tared :In. the Mptrat10n bookl kept by the Bond Re¡iatrar as the holdeI' and ablolutê owner of such Bond for the purpose of paYJDent of prinœpal, premium and !ntlHat with respeot to 8Uch Bond, tor the p~o.. of I'8FateriAÆ transfel'll with reapeot to such Bondi, and tor.n othe¡o pUI"pOHB. Tbe Pay1Da Apnt ahall pay aU prmalpal of, premium, if any. and intereat 011 the Bonds cm1y to 01' em the ont.r of the respeotive rod8te!'ed owners¡. .. .hown in the re¡1atrat1on boob kept by tbe Bon4 1tept1'al", and .11 suah payments .b.a11 be nUd and .rteotua1 to tully _d.8ty and cUaaharp tbe C1ty'. oblfpttons with respect to payment of prJncr1pal ot, premium, ~ aD)"', ar Interest on the Bonda to tha extent of the 8UID or auus .0 palc1. No perllOD o1J:ulzt ~3'" MlOO·iJ 15