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<br />interest and premium, if any, payable upon such redemption shall have been duly
<br />made or provided for, interest on such Bonds shall cease to accrue from and
<br />afl-er the date so specified for their redemption.
<br />
<br /> (h)(ii) The Bonds shall be issued only in book-entry-only form. One
<br />Bond representing each maturity of the Bonds will be issued to and registered in
<br />the name of Cede & Co., as nominee of The Depository Trust Company, New
<br />York, New York ("DTC"), as registered owner of the Bonds and each such Bond
<br />shall be immobilized in the custody of DTC. DTC will act as securities depository
<br />for the Bonds. Individual purchases will be made in book-entry form only, in the
<br />principal amount of $5,000 or any integral multiple thereof. Purchasers will not
<br />receive physical delivery of certificates representing their interest in the Bonds
<br />purchased~
<br />
<br /> (iii) Principal, premium, if any, and interest payments on the
<br />Bonds will be made by the Deputy City Manager for Finance, as Registrar and
<br />Paying Agent for the Bonds, to DTC or its nominee, Cede & Co., as registered
<br />owner of the Bonds, which will in turn remit such payments to the DTC
<br />participants for subsequent disbursal to the beneficial owners of the Bonds.
<br />Transfers of principal, premium, if any, and interest payments to DTC
<br />participants will be the responsibility of DTC. Transfers of such payments to
<br />beneficial owners of the Bonds by DTC participants will be the responsibility of
<br />such participants and other nominees of such beneficial owners. Transfers of
<br />ownership interests in the Bonds will be accomplished by book entries made by
<br />DTC and, in turn, by the DTC participants who act on behalf of the indirect
<br />participants of DTC and the beneficial owners of the Bonds·
<br />
<br /> (iv} The City will not be responsible or liable for sending
<br />transaction statements or for maintaining, supervising only to DTC or its
<br />nominee. The City shall not be responsible for providing any beneficial owner of
<br />the Bonds any notice of redemption.
<br />
<br /> SECTION 3. Pledge of Full Faith and Credit. (a) The full faith and
<br />credit of the City shall be and hereby is irrevocably pledged to the payment of the
<br />principal of and premium, if any, and interest on the Series 1997A Bonds and the
<br />Series 1997C Bonds as the same become due. In each year while any Series
<br />1997A Bonds or Series 1997C Bonds, as the case may be, are outstanding and
<br />unpaid, there shall be assessed, levied and collected, a tax upon all taxable
<br />property within the City, over and above all other taxes, authorized or limited by
<br />law, and withoUt
<br />limitation as to rate or amount, sufficient to pay when due the principal of and
<br />premium, if any, and interest on such Series 1997A Bonds or Series 1997C
<br />Bonds,
<br />as the case may be, to the extent other funds of the City are not lawfully available
<br />and appropriated for such purpose.
<br />
<br /> (b) The full faith and credit of the City shall be and hereby is
<br />irrevocably pledged to the payment of the principal of and premium, if any, and
<br />interest on the Series 1997B Bonds, as the same become due. In each year while
<br />any such Series 1997B Bonds are outstanding and unpaid, there shall be
<br />assessed, levied and collected, a tax upon all taxable property within the City,
<br />over and above all other taxes, authorized or limited by law, and without
<br />limitation as to rate or amount, sufficient to pay when due the principal of and
<br />premium, if any, and interest on such Series 1997B Bonds to the extent other
<br />funds of the City are not lawfully available and appropriated for such purpose
<br />and if and to the extent the revenues of the water and sewerage system of the
<br />City are insufficient for that purpose.
<br />
<br /> SECTION 4. Execution and Authentication of Bond-. (a) The Bonds
<br />shall be executed, for and on behalf of the City, by the manual or facsimile
<br />signatures ofthe Mayor and the Deputy City Manager for Finance, and the
<br />corporate seal of the City shall be impressed on the Bonds or a facsimile thereof
<br />
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