Ord 1997-030 - Laserfiche WebLink

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(I'~ drafts being mailed to the registered Owner at the close of business on the Record Date, the tenn "Cede & Co." in this Order shall refer to such new nominee of DTC. (c) Ihe execution and delivery of the Blanket Letter of Representation with respect to the Bonds and future obligations of the City is hereby approved I,vith such changes as may be approved by the President of the Board, and such officer is hereby authorized to execute such Representation Letter. Section 3.11. Successor Securities Depositorv: Iransfer Outside Book-Entrv Only Svstem. In the event that the City or the Paying Agent/Registrar detennines that DIC is incapable of discharging its responsibilities described herein and in the Representation Letter, and that it is in the best interest of the beneficial owners of the Bonds that they be able to obtain certificated Bonds, or in the event DTC discontinues the services described herein, the City or the Paying AgentlRegistrar shall (i) appoint a successor securities depository, qualified to act as such under Section 17(a) of the Securities and Exchange Act of 1934, as amended, notify DIC and DIC Participants, as identified by DIC, of the appointment of such successor securities depository and transfer one or more separate Bonds to such successor securities depository or (ii) notify DIC and DIC Participants, as identified by DTC, of the availability through DTC of Bonds and transfer one or more separate Bonds to DIC Participants having Bonds credited to their DTC accounts, as identified by DIe. In such event, the Bonds shall no longer be restricted to being registered in the Register in the name of Cede & Co., as nominee ofDIC, but may be registered in the name of the successor securities depository, or its nominee, or in whatever name or names Owners transferring or exchanging Bonds shall designate, in accordance with the provisions of this Order. Section 3.12. Pavrnents to Cede & Co. , Not\vithstanding any other provision of this Order to the contrary, so long as any Bonds are registered in the name of Cede & Co., as nominee of DTC, all payments \vith respect to principal of, premium, if any, and interest on such Bonds, and all notices with respect to such Bonds, shall be made and given, respectively, in the manner provided in the Representation Letter. ARTICLE IV REDEMPTION OF BONDS BEFORE N1A TURITY Section 4.01. Limitation on Redemption. The Bonds shall be subject to redemption before scheduled maturity only as provided in this Article IV. Section 4.02. Redemption of Bonds Prior to Maturitv. The City reserves the option to redeem Bonds maturing on and after August 15,2008 in whole or in part, before their scheduled maturity date, on August 15,2007, or on any date thereafter (such redemption date or dates to be fL\:ed by the City) at a price equaL to the principal amount of the Bonds called for redemption plus accrued interest from the most recent interest payment date on which interest has been paid or duly provided for to the redemption date. Ihe City, at least 45 days before the redemption date (unless a shorter period shall be satisfactory to the Paying Agent/Registrar), shall notify the Paying AgentlRegistrar of such redemption date and of the principaL amount of Bonds to be redeemed. R,'3A."MAJl'WWS3, '"DOCS'.ORDSŒ 11