Resolutions-2024-031

Tiffin / 436989- 43 Lss / GO CP Bonds regulation otherwise) on behalf of such Beneficial Owners for such purposes. When notices or are given, they shall be sent by the City to DTC, and DTC shall forward ( or cause to be forwarded) the notices to the Participants so that the Participants can forward the same to the Beneficial Owners. Beneficial Owners will receive written confirmations of their purchases from the Participants acting behalf of the Beneficial Owners detailing the tern' on s of the Bonds acquired. Transfers of ownership interests in the Bonds will be accomplished by book entries made by DTC and the Participants who act on behalf of the Beneficial Owners. Beneficial Owners will not receive certificates representing their ownership interest in the Bonds, except as specifically provided herein. Interest and principal will be paid when due by the City to DTC, then paid by DTC to the Participants and thereafter paid by the Participants to the Beneficial Owners. Section 5. The Bonds shall be in substantially the following form: 5- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA