Resolutions-2019-096

TRW/ 416989 25/ Im W( V LA valid and sufficient 1br all ptwpows, be swre as, if such oflicer had remainui in oRim uAl d6veig. llic 13onds shAl be foully regislewd as to principal and interest in the na.nics of owners mi the regisiradon WAs or the Uty kept by 1he Registrar, and aRer such regWradon paymovof the principal thereof and interest thcivmi shall be made only to the reElstered owncIN or their I legal repitsentadves or ass i WnsFach Bonxi shWJ be Wnsibrable NOY LWon the reomrstion, 4" b( x) ks of the City upon, prcsenlation W the Registrar, togcflier with cifficr an writrcn instrumcnt of' trans,fi.r satisfactory to the RegiMnir ( w the Wgnnimv Orin thcreon conipleted and drily cxe,c,,uted by the repjstered owncr or the dudy awhodzed an orfor such ivgistcred owner, The rvconl and iderqiQ, of the: owners of ffic 13onds shall be kapt con0deniAl as Inavidal by SmAW 22. 7 of the UK of Iowa. Ile Bonds shall not lie, valid or become oldigaloij Or any Imupose untH the ( Artificate of' Authentication thereon A have been signed by the ReWstrar, Section 4, Not dtfistanfng anything above to the conUmy, he EAnds 4mll W issued inhhQ as DqWUwy 13orrids, with one Rdly rcgimered Bond f6r, each maturtty dale, in principal anUnHAS eqqal W the animn of pdneipal inatLwing on cadi such date, and rq,;istered in the nzunc of(Ode St Co, as nomirwe for The Dcpository 1W Cornpany., New ' Cork, Nc,,,% v )" ork (" D' I" C"), On orighml Wine, th(,,, Bonds shall be ckposAcd With DTC,, fblth(° IlUrpose of" rmaintaining a, bmik- entry system Or reccwding the ownuship interests of A quAcQatits and the transfir of" those inic.rests aTr[ ong A patlicipanfs ( Te " ParlidliaMs' j. In the ( went flial D' I C, det erru itics not to ankiwe to act as securities QoAny Ar the Honds or the City delenriines not to continue the bmWentry system Or reconhng ovHrership Vntcr(,,sts In the Bonds Nvith. I) T(,, the (" ity will discontinue 1110 Wok- entry systern. %vio, in, it the (,, it), ( ioes not select ' smother qualified securides depository to replace LYIV ( or as successor dep( xiwry) in Wet- to continue a Wok- entry systenj the 0ty will reWsWr and deliver replucement bonds in the tbrrn of fbily rejostered certificates, In aulhodzcol derxwnhatkms or Woo or integral inidliples of MMO( t in accordance With instructions ffi) rn Ade &. Co, Or I Y112. In the event that die C"'ily as nonAnce identines as cpialinwl secuiVes depokory to replace DTC,, the City Nvfll register and dchvcr replacernent bonds, f1flly registered in the name of such depository, or item norninee, in the clefuminatbris as sel AS ahove, as reduced frorn finic to fitire prior to matuirity in connection Nvith redcniptions or rethements by call or paymeM, and W such evero, such depository will then ruaintaiii the b( A-ciAry system Rw ramnling ownerMhp JIM= hi Me lkmds, Ownership intausts in the Bonds rn8y be PLII- ChaSed by or through Participant, s. Such PaNcipaMs atrial the persons Or whom bey acquke itherests in Tc Ikmds as nornhwes = Imt rceeive cerdfleatcd Bonds, but each such Participant INA receive a balance in the rccords or DIC in the sunmmnA of smsh Klicipant' s interest in the Boiuk which ivill be cx) nfinned in accord"' Ince with D' I' C" s standard l"wocedures, E` ach stich person 11or whicli as, Pa rti Ci pail t fia's an hAcreM in As Bonds, as nomince, may Whre to nwTc arrangenieruts wiT such Par' kApant to We Al notiaN of raknoption or odwr ammmunical ions ofthe City in lYFC, whWh may Abd sAiperson, harivaidW in writing by such Parde4tant and to We rwHHcMWn mAs or a intcrest ranients, 5, J) M5,,[ V sWHIJ 1, J EY Uh ATAM NEY f W S NKMAJOWA