Ord 1997-031 - Laserfiche WebLink

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I I - drafts beillg mailed to the registered Owner at the close of business on the Record Date, the term "Cede & Co " ill thlS Order shall refer to such new nommee of DTC. (c) The executlOn and delivery of the Blanket Letter of RepresentatlOn WIth respect to the Bonds and future obhgatIons of the City lS hereby approved wlth such changes as may be approved by the Presldent of the Board, and such officer lS hereby authorized to execute such Representahon Letter SectIon 3 II Successor SecurItles Deposltorv: Transfer OutsIde Book-Entry Only System. In the event that the Clty or the Pa)'lllg Agent/Reglstrar determmes that DTC lS incapable of dlscharglllg ItS responsiblhhes described herein and m the Representation Letter, and that lt lS m the best mterest of the benefiClal owners of the Bonds that they be able to obtain certlficated Bonds, or m the event DTC dIscontmues the servIces described herem, the City or the Paymg Agent/Registrar shall (i) appomt a successor secillltles deposltory, qualIfied to act as such under Section I7(a) of the Secillitles and Exchange Act of 1934, as amended, notlfy DTC and DTC Partlclpants, as ldenhfied by DTC, of the appoilltrnent of such successor secuntles deposItory and transfer one or more separate Bonds to such successor securitles depository or (ii) nohfy DTC and DTC Partlclpants, as Idenhfied by DTC, of the availability through DTC of Bonds and transfer one or more separate Bonds to DTC PartJclpants havmg Bonds cred1ted to theIr DTC accounts, as ldenhfied by DTC In such event, the Bonds shall no longer be restncted to being reglstered m the Register ill the name of Cede & Co , as nommee ofDTC, but may be registered III the name of the successor securltles deposItory, or ltS nommee, or III whatever name or names Owners transfernng or exchanging Bonds shall deslgnate, m accordance WIth the provIslOns of thlS Order. SectlOn 3 12 Payments to Cede & Co NotWIthstandmg any other provislOn of this Order to the contrary, so long as any Bonds are reglstered ill the name of Cede & Co , as normnee of DTC, all payments Wlth respect to pnnclpaI of, premlum, lf any, and illterest on such Bonds, and all notlces with respect to such Bonds, shall be made and glVen, respectlvely, III the manner provlded in the RepresentatlOn Letter ARTICLE IV REDEMPTION OF BONDS BEFORE MATURITY SectlOn 4 01. LlmItatlOn on RedemptlOn. The Bonds shall be subject to redemptlOn before scheduled maturIty only as proVIded ill thIS ArtIcle IV Sechon 4 02 RedemptIOn of Bonds Pnor to Maturity The City reserves the option to redeem Bonds maturillg on and after August 15,2008 ill whole or m part, before theIr scheduled maturIty date, on August 15,2007, or on any date thereafter (such redemption date or dates to be fLXed by the CIty) at a pnce equal to the pnnclpaI amount of the Bonds called for redemphon plus accrued mterest from the most recent lllterest payment date on WhICh mterest has been paid or duly provided for to the redemptlOn date. The City, at least 45 days before the redemptlOn date (unless a shorter period shall be satIsfactory to the Pa)'lllg Agent/Reglstrar), shall notIfy the PaYlllg AgentJReglstrar of such redemptlOn date and of the pr Jilclpal amount of Bonds to be redeemed. R:\S A...~1-1AR\WW SS.91\OOCSIORDNCE 11