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Security and Purpose. The Bonds will be general obligations of the City for which the City will pledge its full faith and credit and power to levy direct general ad valorem taxes. In addition, the City will pledge special assessments against property specially benefitted by the improvements to be financed from the proceeds of the Bonds. GLOBAL BOOK ENTRY SYSTEM The Bonds will be issued by means of a book entry system with no physical distribution of Bonds made to the public. The Bonds will be issued in fully registered form and one Bond, representing the aggregate principal amount of the Bonds maturing in each year, will be registered in the name of Cede & Co., as nominee of The Depository Trust Company ("DTC"), New York, New York, which will act as securities depository of the Bonds. Individual purchases of the Bonds may be made in the principal amount of $5,000 or any multiple thereof of a single maturity through book entries made on the books and records of DTC and its participants. Principal and interest are payable by the registrar to DTC or its nominee as registered owner of the Bonds. Transfer of principal and interest payments to participants of DTC will be the responsibility of DTC; transfer of principal and interest payments to beneficial owners by participants will be the responsibility of such participants and other nominees of beneficial owners. The n11-ro...hQ~o-ro "'~ Q ...nn(Ht;nn nf' t'loHno-rou nf' tho Rnnt'l~ W'i11 no -roon11i-roon tn nønn!':.it thø ~_..._......_--..., ~- .... --~._.&"'.&_...... _&. --.LA.l'-"'J -... \0.&....- ~_......_-, ............. -- "'-""1-"--- -..... --..t"'-_..... ...--- Bonds with DTC. TERMS OF SALE Minimum Bid and Good Faith Deposit. A Good Faith Deposit ("Deposit") in the .f!___ _C .... ___...:.c.:_...:I __ ___1....:__,.... _1....__1_ __ .... 'C".:___......:....1 C'I...__+.... Ð__,.1, .;_ +""'_ ........."....""'+ ,..,.ç l.UrUl VI. a. \.,;t:::rl.1l..1.t:::u ur \';è1~J.llt::.1.· ~ l.;¡.1.~\,;A ur a. r .l.lU::Ll..1\';.1.a.J. OUJ:1::~'y UV.L.l\.l. .J.J..L "'.lAC: a.UJ.V\A..I.A'" V.L $42,000, payable to the order of the Issuer, is required for each bid to be ____.:..:1___...:1 y.c ..... .....1-_.....1_ :.... ................:1 ..:.... _............ __.....______.... ...............1.... 1....":...:1 Tl!...... u.;:____;.,1 c........,..,.+-.:? CUU~Hu~r~u . ~~ 1:1 Cll~C^ ~b U:'¡~u, ~ L UIUb L I:1CCUIUPI:1UY ~I:1CU u~u. u. a I." U...a.u"'...a.... ...."1."" L~ Bond is used, it must be from an insurance company licensed to issue such a bond ~__ .....1_ _ n....._.L _ _~ 1t.1I.!__ __ _ _ _....._ _ __...1 ___ _1- L ___...1 ____ _L L _ ___'-_:""L........:II ....... ..1-..... T __<I. __ __ .;+_ III llle ..:Hale 01 LVillllleSOla, anu SUCll UUHU mUSl ue ISUUUlllleu LU L.u~ H¡¡,;ut::r v...· ...~¡,; Financial Advisor prior to the opening of the bids. The Financial Surety Bond must . _1 _ _ ..L_-I'O_ 1.. ... 'I. 't_ T"'\ ... _ _ _ _.. _ _"I "L__ ___ _'1_ T:1..!_____ _~_1 n____¿__ n__....:I luenuryeacn Dluuer wnose lJeposn IS guaranleeu DY suen rlIlallCla1 i:)UrelY DUllU. If the Bonds are awarded to a bidder utilizing a Financial Surety Bond, then that purchaser (lfPurchaserlf) is required to submit its Deposit to the Issuer or ìts Financial Advisor in the form of a cashier's check (or wire transfer such amount as instructed by the Issuer or its Financial Ãdvisor) not later than 3: 3û P. M., C. T. on the next business day following the award. If such Deposit is not received by that time, the Financial Surety Bond may be drawn by the Issuer to satisÎY the Deposit requirement. No interest on the Deposit will accrue to the Purchaser. The Deposit will be applied to the purchase price of the Bonds. In the event the Purchaser fails to honor its accepted bid, the Deposit will be retained by the Issuer. Type of Bid. Rates offered by Bidders must be in integral multiples of 5/100 or 1/8 of 1%. No limitation is placed upon the number of rates which may be used. All Bonds of the same maturity must bear a single uniform rate from date of issue to maturity and no rate of any maturity may be lower than the highest rate applicable to Bonds of any preceding maturities. No conditional bids will be considered. Bids for the bonds are to be addressed to: DJK100852 RS200-16