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PLEASE INSERT SOCIAL SECURITY <br />OR OTHER IDENTIFYING NUMBER <br />OF ASSIGNEE: <br />NOTICE: The signature(s) to this assignment <br />must correspond with the name as it appears upon <br />the face of the within Bond in every particular, <br />without alteration, enlargement or any change <br />whatsoever. <br />Signature(s) must be guaranteed by an <br />"eligible guarantor institution" meeting the <br />requirements of the Bond Registrar, which <br />requirements include membership or participation <br />in the Securities Transfer Association Medalion <br />Program (STAMP) or such other "signature <br />guaranty program" as may be determined by the <br />Bond Registrar in addition to or in substitution <br />for STAMP, all in accordance with the Securities <br />Exchange Act of 1934, as amended. <br />[End of Bond Form.] <br />2.08. Use of Securities Depository; Book -Entry Only System. The provisions of <br />this Section shall take precedence over the provisions of Sections 2.01 through 2.07 to the extent <br />they are inconsistent therewith. <br />(a) The Depository Trust Company ("DTC") has agreed to act as securities <br />depository for the Bonds, and to provide a Book -Entry Only System for registering the <br />ownership interest of the financial institutions for which it holds the Bonds (the "DTC <br />Participants"), and for distributing to such DTC Participants such amount of the principal and <br />interest payments on the Bonds as they are entitled to receive, for redistribution to the beneficial <br />owners of the Bonds as reflected in their records (the "Beneficial Owners"). <br />(b) Initially, and so long as DTC or another qualified entity continues to act as <br />securities depository, the Bonds shall be issued in typewritten form, one for each maturity in a <br />principal amount equal to the aggregate principal amount of each maturity, shall be registered in <br />the name of the securities depository or its nominee, shall be subject to the provisions of this <br />Section 2.08, and no Beneficial Owner shall have the right to receive a certificate of ownership <br />or printed Bond. While DTC is acting as the securities depository, the Bonds shall be registered <br />in the name of the DTC's nominee, CEDE & CO; provided that upon delivery by DTC to the <br />City and the Registrar of written notice to the effect that DTC has determined to substitute a new <br />nominee in place of CEDE & CO., the words "CEDE & CO." in this Order shall refer to such <br />new nominee of DTC. <br />With respect to Bonds registered in the name of a securities depository or its <br />nominee, the City and the Registrar shall have no responsibility or obligation to any DTC <br />-12- <br />