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same series, of like amount, number, maturity date and tenor, in exchange and
<br /> substitution for and upon cancellation of any such mutilated Series 2016B Bond or in lieu
<br /> of and in substitution for any such Series 2016B Bond lost, stolen or destroyed, upon the
<br /> payment of the reasonable expenses and charges of the Registrar in connection therewith,
<br /> and, in the case of a Series 2016B Bond lost, stolen or destroyed, upon the payment of the
<br /> reasonable expenses and charges of the Registrar in connection therewith, and, in the case
<br /> of a Series 2016B Bond lost, stolen or destroyed, upon filing with the Registrar of
<br /> evidence satisfactory to it that such Series 2016B Bond was lost, stolen or destroyed, and
<br /> of the ownership thereof, and upon furnishing to the Registrar an appropriate bond or
<br /> indemnity in form, substance and amount satisfactory to it, in which the City, the
<br /> Commission, and the Registrar shall be named as obligees. All Series 2016B Bonds so
<br /> surrendered to the Registrar shall be canceled by it and evidence of such cancellation
<br /> shall be given to the Commission. If the mutilated, lost, stolen or destroyed Series 2016B
<br /> Bond has already matured or been called for redemption in accordance with its terms, it
<br /> shall not be necessary to issue a new Series 2016B Bond prior to payment.
<br /> 6.02. Appointment of Initial Registrar. U.S. Bank National Association, in St. Paul,
<br /> Minnesota, is hereby appointed as the initial Registrar. Upon merger or consolidation of the
<br /> Registrar with another corporation, if the resulting corporation is a bank or trust company
<br /> authorized by law to conduct such business, such corporation shall be authorized to act as
<br /> successor Registrar. The City agrees to pay the reasonable and customary charges of the
<br /> Registrar for the services performed. The City reserves the right to remove any Registrar upon
<br /> 30 days' notice and upon the appointment of a successor Registrar, in which event the
<br /> predecessor Registrar shall deliver all cash and Bonds in its possession to the successor Registrar
<br /> and shall deliver the Bond Register to the successor Registrar. On or before each principal or
<br /> interest due date, without further order of this Commission, there shall be transmitted to the
<br /> Registrar, from amounts on hand in the Debt Service Account available therefore, an amount
<br /> sufficient to pay all principal and interest then due on the Bonds.
<br /> 6.03. Initial Issue. The Series 2016B Bonds shall be initially issued in the form of a
<br /> separate single typewritten or printed fully registered Series 2016B Bond for each of the
<br /> maturities set forth in this Resolution. Upon initial issuance, the ownership of each such Series
<br /> 2016B Bond shall be registered in the registration books kept by the Registrar in the name of
<br /> Cede & Co., as nominee for The Depository Trust Company, New York, New York, and its
<br /> successors and assigns ("DTC"). Except as provided in this Section, all of the outstanding Series
<br /> 2016B Bonds shall be registered in the registration books kept by the Registrar in the name of
<br /> Cede & Co., as nominee of DTC.
<br /> 6.04. DTC. With respect to Series 2016B Bonds registered in the registration books
<br /> kept by the Registrar in the name of Cede & Co., as nominee of DTC, the City,the Registrar and
<br /> the Paying Agent shall have no responsibility or obligation to any broker dealers, banks and
<br /> other financial institutions from time to time for which DTC holds Series 2016B Bonds as
<br /> securities depository (the "Participants") or to any other person on behalf of which a Participant
<br /> holds an interest in the Series 2016B Bonds, including but not limited to any responsibility Or
<br /> obligation with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant
<br /> with respect to any ownership interest in the Series 2016B Bonds, (ii) the delivery to any
<br /> Participant or any other person other than a registered owner of Series 2016B Bonds, as shown
<br /> 9
<br /> 479283v3 JSB EL185-42
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