Laserfiche WebLink
- book;. -entry- Depository for the Bonds, collectively <br />Wafter referred to as the "Letter of Representat-m ns --_ <br />All transfers of beneficial- t�siersh.p <br />w.. .. _. <br />-- <br />=4iitewasto -in each Bond issued in book -entry foray sbalL..b <br />`' `= 'in principal- amount to Authorized D - _. =...._. <br />=w a1 =fie effected by procedures by -the Depository :w t-1i-._ti�_ =a• <br />--=�iparits for recording_ and transferring the-ciyvnershsix�f--- <br />beneficial interests in such Bonds . <br />-rn e®nnection with any notice a =-�� <br />......_....:.- ::--L=- <br />- = Dot�nu ration to be provided to the Holders pu tta=m-. <br />-=`Resolution by the City or Bond Registrar with respect to any <br />:--consent nor other action to be taken by Holders;- <br />Depbsitory -shall consider the date of receipt :of <br />.requesting such consent or other action as the record date <br />-for` siWh cansent* or other action; provided, that.;_ .. It -.:— . <br />='the Bbnd Registrar may establish a special record date for-------;---. - <br />"` �' 'wsu+clt--Eohsent or other" action. The City or. -the <br />__ __ rgi"attar shall, to the extent possible, give- the -Depository`- <br />--==n-6tidE-4of such special record date not less than = -"15 calendar - <br />days --ia advance of such special record date to. the :extent: <br />possible. _ <br />Any successor Bond Registrar in its -written <br />=1 acceptance of its duties under this Resolution and any <br />='paying'-agency/bond registrar agreement, shall agree to take .:�. <br />-any actions necessary from time to time to comply with the <br />requirements of the Letter of Representations. <br />{�) Termination of Book -Entry Only System. Discontinuance <br />of a particular Depository's services and termination of the.. <br />book -entry only system may be effected as follows: _. <br />- i) The -Depository may determine to discontinue _ �_ <br />- providing -its services with respect to the Bonds at any time-�- <br />--by giving written notice to the City and discharging its <br />w responsibilities with respect thereto under applicable law. <br />The -City may terminate the services of the Depository with <br />respect to the Bond if it determines that the Depository:is <br />=no- longer able to carry out its functions as securities- <br />depository or the continuation of the system of book -entry.. -.- <br />transfers through the Depository is not in the best <br />interests of the City or the Beneficial Owners. <br />ii) Upon termination of the services of the Depository <br />as -provided in the preceding paragraph, and if no substitute <br />securities depository is willing to undertake the functions <br />of the Depository hereunder can be found which, in the <br />opinion of the City, is willing and able to assume such <br />913727.01 6 <br />