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Bonds to the extent of the sum or sums so paid. No person other than DTC shall receive <br />an authenticated Bond for each separate stated maturity evidencing the obligation of the <br />City to make payments of principal and interest. Upon delivery by DTC to the Registrar <br />of written notice to the effect that DTC has determined to substitute a new nominee in <br />place of Cede & Co., the Bonds will be transferable to such new nominee in accordance <br />with paragraph (d) hereof. <br />(c) In the event the City determines that it is in the best interest of the <br />Beneficial Owners that they be able to obtain Bonds in the form of bond certificates, the <br />City may notify DTC and the Registrar, whereupon DTC shall notify the Participants of <br />the availability through DTC of Bonds in the form of certificates. In such event, the <br />Bonds will be transferable in accordance with paragraph (d) hereof. DTC may determine <br />to discontinue providing its services with respect to the Bonds at any time by giving <br />notice to the City and the Registrar and discharging its responsibilities with respect <br />thereto under applicable law. In such event the Bonds will be transferable in accordance <br />with paragraph (d) hereof. <br />(d) In the event that any transfer or exchange of Bonds is permitted under <br />paragraph (b) or (c) hereof, such transfer or exchange shall be accomplished upon receipt <br />by the Registrar of the Bonds to be transferred or exchanged and appropriate instruments <br />of transfer to the permitted transferee in accordance with the provisions of this resolution. <br />In the event Bonds in the form of certificates are issued to owners other than Cede & Co- <br />its successor as nominee for DTC as owner of all the Bonds, or another securities <br />depository as owner of all the Bonds, the provisions of this resolution_ shall also apply to <br />all matters relating thereto, including, without limitation, the printing of such Bonds in <br />the form of bond certificates and the method of payment of principal of and interest on <br />such Bonds in the form of bond certificates. <br />108. form of Bonds. The Bonds shall be prepared in substantially the following form: <br />-7- <br />