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<br />I <br />I <br /> <br />"llll"''''''''"''=;''''''~~ <br /> <br />t . <br /> <br />permitted or required by this Ordinance. There may be endorsed on the Refunding Bonds such <br /> <br />legend or text as may be necessary or appropriate to conform to any applicable rules and <br /> <br />regulations of any governmental authority or any usage or requirement of law with respect <br /> <br />thereto. <br /> <br />6. Book-Entrv-Only Form. The Refunding Bonds shall be issued in book-entry-only <br /> <br />form. The Refunding Bonds shall be issued in fully-registered form and registered in the name <br /> <br />of Cede & Co., as nominee of The Depository Trust Company, New York, New York ("DTC") <br /> <br />as registered owner of the Refunding Bonds, and immobilized in the custody of DTC. One fully- <br /> <br />registered Bond in typewritten or printed form for the principal amount of each maturity of the <br /> <br />Refunding Bonds shall be registered to Cede & Co. Beneficial owners of the Refunding Bonds <br /> <br />shall not receive physical delivery of the Refunding Bonds. Principal, premium, if any, and <br /> <br />interest payments on the Refunding Bonds shall be made to DTC or its nominee as registered <br /> <br />owner of the Refunding Bonds, on the applicable payment date. <br /> <br />Transfer of ownership interest in the Refunding Bonds shall be made by DTC and its <br /> <br />participants (the "Participants"), acting as nominees of the beneficial owners of the Refunding <br /> <br />Bonds in accordance with rules specified by DTC and its Participants. The City shall notify <br /> <br />DTC of any notice required to be given pursuant to this Ordinance or the Refunding Bonds not <br /> <br />less than fifteen (15) calendar days prior to the date upon which such notice is required to be <br /> <br />gIven. The City shall also comply with the agreements set forth in the City's Letter of <br /> <br />Representations to DTC. <br /> <br />Replacement Refunding Bonds (the "Replacement Bonds") shall be issued directly to <br /> <br />beneficial owners of the Refunding Bonds rather than to DTC or its nominee but only in the <br /> <br />event that: <br /> <br />-4- <br />