Laserfiche WebLink
-4- <br /> <br /> The books of registry shall at all times be open for inspection by the City or <br />any duiy authorized officer thereof. <br /> <br /> Any Bond may be exchanged at the office of the Registrar for a like aggregate <br />principal amount Of such Bonds in other authorized principal amounts of the same interest <br />rate and maturity. <br /> <br /> Any Bond may, in accordance with its terms, be transferred upon the books <br />of registry by the person in whose name it is registered, in person or by his duly authorized <br />agent, upon surrender of such Bond to the Registrar for cancellation, accompanied by a <br />written instrument of transfer duly executed by the registered owner in person or his duly <br />authorized agent, in form satisfactory to the Registrar. <br /> <br /> All transfers or exchanges of Bonds shall be made without expense to the <br />registered owners of such Bonds, except as otherwise herein provided, and except that the <br />Registrar shall require the payment by the registered owner of Bond requesting such transfer <br />or exchange of any tax or other governmental charges required to be paid with respecx to <br />such transfer or exchange. All Bonds surrendered for transfer or exchange shall be <br />cancelled. <br /> <br /> The Bonds shall be issued only in fully registered form without coupons. One <br />Bond representing each maturity of each issue of the Bonds will be issued to and registered <br />in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New <br />York ("DTC"), as registered owner of the Bonds and each such Bond shall be immobilized <br />in the custody of DTC. DTC will act as securities depository for the Bonds. Individual <br />purchases will be made in book-entry form only, in the principal amount of $5,000 or any <br />integral multiple thereof. Purchasers will not receive physical delivery of certificates <br />representing their interest in the Bonds purchased. <br /> <br /> Principal, premium, if any, and interest payments on the Bonds will be made <br />by the Director of Finance of the City, as Registrar and Paying Agent for the Bonds, to DTC <br />or its nominee, Cede & Co., as registered owner of the Bonds, which will in turn remit such <br />payments to the DTC participants for subsequent disbursal to the beneficial owners of the <br />Bonds. Transfer of principal, premium, if any, and interest payments to DTC participams <br />will be the responsibility of DTC. Transfers of such payments to beneficial owners of the <br />Bonds by DTC participants will be the responsibility of such participants and other nominees <br />of such beneficial owners. Transfers of ownership interests in the Bonds will be <br />accomplished by book entries made by DTC and, in turn, by the DTC participants who act <br />on behalf of the indirect participants of DTC and the beneficial owners of the Bonds. <br /> <br /> The City will not be responsible or liable for sending transaction statements <br />or for maintaining, supervising or reviewing records maintained by DTC, its participants or <br />persons acting through such-participants or for transmitting payments to, communicating <br />with, notifying, or otherwise dealing with any beneficial owner of the Bonds. So long as the <br />Bonds are in book-entry only form, the Director of Finance of the City will serve as <br /> <br /> <br />