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<br />~ <br /> <br />r <br /> <br />. <br /> <br />(i) <br /> <br />DTC determines not to continue to act as securities depository for <br /> <br />the Bonds; or <br /> <br />(ii) The City has determined not to continue to use DTC as the <br /> <br />securities depository for the Bonds; or <br /> <br />(iii) The City has determined not to continue the book-entry system of <br /> <br />transfer. <br /> <br />Upon occurrence of the event described in (i) or (ii) above, the City shall attempt to <br /> <br /> <br />locate another qualified securities depository. If the City fails to locate another qualified <br /> <br /> <br />securities depository to replace DTC or upon the occurrence of the event described in (iii) above, <br /> <br />the City shall execute and deliver Replacement Bonds substantially in the form set forth in <br /> <br /> <br />. Exhibit A, B or C, as applicable, attached hereto. Principal of and interest on the Replacement <br /> <br /> <br />Bonds shall be payable as provided in this Ordinance and in the Bonds and such Replacement <br /> <br /> <br />Bonds will be transferable in accordance with the provisions of paragraphs 9 and 10 of this <br /> <br /> <br />Ordinance and the Bonds. <br /> <br />6. Appointment of Bond Registrar and Paying Agent. The Chief Financial Officer is <br /> <br /> <br />authorized and directed to appoint a Bond Registrar and Paying Agent for the Bonds and as long <br /> <br /> <br />as the Bonds are in book entry form such Bond Registrar and Paying Agent may be the Chief <br /> <br />Financial Officer. <br /> <br />The City Council may appoint a subsequent registrar and/or one or more paying agents <br /> <br />for the Bonds by subsequent resolution and upon giving written notice to the owners of the <br /> <br />. <br /> <br />