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of such designee, a designee selected by the holder, and such Bond may be delivered to the registered owner. The City Representative is hereby authorized and directed to approve such optional or mandatory redemption provisions for the Bonds as the City Representative determines to be in the best interest of the City. Notwithstanding anything to the contrary herein, by 5:00 p.m. on the date prior to the sale date of any Bonds identified in an official notice of sale for the Bonds, if either no underwriter or only one underwriter has advised of its intention to hid on any series of the Bond,, the City Representative, after consultation with the City's financial advisor and the City's bond counsel, is authorized to remove such series of Bonds from the bidding process and to pursue a negotiated sale for such series of Bonds. The approval of the final terms and conditions of the Bonds, subject to the foregoing parameters, shall be evidenced conclusively by the execution and delivery of the Bonds in accordance with paragraph 8 of this Ordinance. 5. Form of Bonds. The Bonds shall be in substantially the same form as Exhibit A attached hereto, with such appropriate variations, omissions, and insertions as are permitted or required by this Ordinance. There may be endorsed on the Bonds such legend or text as may be necessary or appropriate to conform to any applicable rules and regulations of any governmental authority or any usage or requirement of law with respect thereto. 6. Book - Entry -Only Form. The Bonds sold to the public shall be issued in book - entry -only form. The Bonds shall be issued in fully - registered form and registered in the name of Cede & Co., as nominee of The Depository Trust Company, New York, New York ( "DTC ") as registered owner of the Bonds. and immobilized in the custody of DTC. One fully - registered Bond