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the main text of this form or (2) may otherwise be amended to conform to book entry <br />requirements and the Letter of Representations.] <br /> <br /> Book Entry, Only Form; Letter of Representations. Pursuant to the Resolution, the Bonds <br />may be issued in Book Entry Only Form, and during any period in which Bonds are in such form, <br />the provisions applicable to the Bonds pursuant to the Letter of Representations (as defined in the <br />Resolution) shall apply, notwithstanding any contrary or inconsistent provision herein or in the <br />Resolution. <br /> <br /> Denominations; Exchange; Resolution. The Bonds are issuable solely as fully registered <br />bonds in the denominations of $5,000 and integral multiples thereof of a single maturity and are <br />exchangeable for fully registered Bonds of other authorized denominations of $5,000 and integral <br />multiples thereof of a single maturity and are exchangeable for fully registered Bonds of other <br />authorized denominations in equal aggregate principal amounts at the principal office of the Bond <br />Registrar, but only in the manner and subject to the limitations provided in the Resolution. <br />Reference is hereby made to the Resolution for a description of the rights and duties of the Bond <br />Registrar. Copies of the Resolution are on file in the principal office of the Bond Registrar. <br /> <br /> Transfer. This Bond is transferable by the Holder in person or by the Holder's attorney duly <br />authorized in writing at the principal office of the Bond Registrar upon presentation and surrender <br />hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and <br />to reasonable regulations of the City contained in any agreement with the Bond Registrar. <br />Thereupon the City shall execute, and the Bond Registrar shall authenticate and deliver, in exchange <br />for this Bond, one or more new fully registered Bonds in the name of the transferee (but not <br />registered in blank or to "bearer" or similar designation), of an authorized denomination or <br />denominations, in aggregate principal amount equal to the principal amount of this Bond, of the <br />same maturity and bearing interest at the same rate. <br /> <br /> Fees upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to <br />cover any tax or other governmental charge payable in connection with the transfer or exchange of <br />this Bond and any legal or unusual costs regarding transfers and lost Bonds. <br /> <br /> Treatment of Registered Owners. The City and Bond Registrar may treat the person in <br />xvhose name this Bond is registered as the owner hereof for the purpose of receiving payment as <br />herein provided (except as otherwise provided herein with respect to the Record Date) and for all <br />other purposes, whether or not this Bond shall be overdue, and neither the City nor the Bond <br />Registrar shall be affected by notice to the contrary. <br /> <br /> Authentication. This Bond shall not be valid or become obligatory for any purpose or be <br />entitled to any security unless the Certificate of Authentication hereon shall have been manually <br />executed by the Bond Registrar. <br /> <br /> Designation of Bond as Qualified Tax-Exempt Obligation. This Bond has been designated <br />by the City as a "qualified tax-exempt obligation" for purposes of Section 265(b)(3) of the Internal <br />Revenue Code of 1986, as amended. <br /> <br />S:\ADMIN ~Resolutions ~ 2003 Resolutions ~Unapproved\Bond2.DOC <br /> <br /> <br />