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<br />than a l"8¡:tøterec1 owner of Bonds. aa shoWD in the re¡istration books kept by the <br />Bond Re¡iatrar, shalll'8oeive a certif10ated Bond evideDoin~ the ob1fption of this <br />resolution. Upon delivery by Midwest to the Finance Manapr of a written notiœ to <br />the etrect that Midwest baa døteltmf.ned to .ubat1tutø a new nom1nee in place of Kray <br />& Co., and the words "Kray & Co.," will refer to 8uoh new nominee ot Midwest; and <br />upon Noeipt of luoh a notice t the Treasurer shall promptly deUver a copy of the <br />AIDe to the Bond RegiatMP and Paying Agent, It the Bond Re¡lBtrar or Pay1nc Apnt <br />1. otber than the Treasurer. <br /> <br />8.03. Rew.entation Letter. The form ot representation lett.r proposed to <br />be submitted to dw..t, which ia on file with the TNasunr and pl"8sented to tbJs <br />meeting (Representation Letter). Is hel'8by appl'Ovsd, and the FDlance Director Ja <br />authorIzed to execute and deli"e!' the Repre..ntation Letter in 8ubstantJally the form <br />on me, with suoh ohanPI the1'8m not moon.iatent with law as the Finance Director <br />and the City Attorney may approve, which approval will be conclusivelyevlden08d <br />by the execution thereof. Any Paying Agent or Bond Re¡1stPaI' Bub..qu8nt1y <br />appointed by the City with respect to the Bonda Iftuat a¡ree to take all action <br />necessary for an representations of the City In the Repreeentation Jetter with <br />respect to the Bond Rø¡lBtrar and Payini; Agent, respectively t and to at all times be <br />complied with. <br />i <br />8.04. Transfers OUtsIde Book-Entry System. In the event the City, by <br />resolution of the City Council, determines that it is in the best interests of the <br />persons havin¡¡ beneficial intetest in the Bonds that they be ablo to obta!n Bond <br />certificates, the City shall notify Midwest, wheraupon Midwest is to notify the <br />Participants, of the availability through Midwollt of Bond certificates. In such eve;p.! <br />the City will issue, transfør and exchange Bond œrtificatea as requested by Midwest <br />and any other registel'8d ownera in accordance with the provisions of this <br />Resolution. Midwest may determine to discontinue provid1n.g its servioes with <br />respect to the Bonds at aDY thne by giving notice to the City and discharging its <br />responsibilities with respect thereto under appUcable ]aw. In suoh avent, if no <br />8UOC8SBor securities depoeitory is appointed, the City will issue and the Bond <br />Registrar will authenticate Bond certificates in accordan(:e with this roe8olution anc! <br />the p~visioD8 hereof sbaU apply to the transfer, exchange and method of payment <br />thereof . <br /> <br />8.05. Payments to Krav 8& Co. Notwithstanding any other provision ot this <br />resolution to the contrary, tiO long as any Bond fIJ registered in the name of Kray Ie <br />Co.. 88 nominee of Midw~t, aU payments with respect to p1"1noipal of, premium, if <br />any, and interest on such Bond and all notices with respect to tiucl1 Bond are to be <br />made and g;iven, respectively in the manner provided in the Representation Letter. <br /> <br />DØ.n.,. <br />MlOO-1I <br /> <br />18 <br />