Laserfiche WebLink
<br />registered in the name of Cede & Co., as nominee of DTC, the Registrar shall pay all principal of <br />and interest on such Bond, and shall give all notices with respect to such Bond, only to Cede & <br />Co. in accordance with DTC's Operational Arrangements, and all such payments shall be valid <br />and effective to fully satisfy and discharge the City's obligations with respect to the principal of <br />and interest on the Bonds to the extent of the sum or sums so paid. No person other than DTC <br />shall receive an authenticated Bond for each separate stated maturity evidencing the obligation of <br />the City to make payments of principal and interest. Upon delivery by DTC to the Registrar of <br />written notice to the effect that DTC has determined to substitute a new nominee in place of <br />Cede & Co., the Bonds will be transferable to such new nominee in accordance with paragraph <br />(e) hereof. <br /> <br />(c) In the event the City determines that it is in the best interest of the Beneficial Owners <br />that they be able to obtain Bonds in the form of bond certificates, the City may notify DTC and <br />the Registrar, whereupon DTC shall notify the Participants of the availability through DTC of <br />Bonds in the form of certificates. In such event, the Bonds will be transferable in accordance <br />with paragraph (e) hereof. DTC may determine to discontinue providing its services with respect <br />to the Bonds at any time by giving notice to the City and the Registrar and discharging its <br />responsibilities with respect thereto under applicable law. In such event the Bonds will be <br />transferable in accordance with paragraph (e) hereof. <br /> <br />(d) The execution and delivery of the Representation Letter to DTC by the Mayor or City <br />Manager is hereby authorized and directed. <br /> <br />(e) In the event that any transfer or exchange of Bonds is permitted under paragraph (b) <br />or (c) hereof, such transfer or exchange shall be accomplished upon receipt by the Registrar of <br />the Bonds to be transferred or exchanged and appropriate instruments of transfer to the permitted <br />transferee in accordance with the provisions of this resolution. In the event Bonds in the form of <br />certificates are issued to owners other than Cede & Co., its successor as nominee for DTC as <br />owner of all the Bonds, or another securities depository as owner of all the Bonds, the provisions <br />of this resolution shall also apply to all matters relating thereto, including, without limitation, the <br />printing of such Bonds in the form of bond certificates and the method of payment of principal of <br />and interest on such Bonds in the form of bond certificates. <br /> <br />2.09. Form of Bonds. The Bonds shall be prepared in substantially the following form: <br /> <br />UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br />COUNTIES OF HENNEPIN AND RAMSEY <br />CITY OF ST. ANTHONY <br /> <br />GENERAL OBLIGATION TAX INCREMENT REVENUE REFUNDING BOND, <br />SERIES 2015B <br /> <br />Interest Rate Maturity Date Date of Original Issue CUSIP No. <br /> <br /> % ________ 1, 20__ December 29, 2015 <br />