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<br />. <br /> <br />(g) The Council desires that the Bonds be issued in <br />Book Entry Only Form, as hereinafter described. <br /> <br />2. Acceptance of Offer. The offer of <br />(the "Purchaser"), to purchase the City's General Obligation <br />Improvement Refunding Bonds, Series 1999B, dated November 1, 1999 <br />(the "Bonds", or individually a "Bond"), at the rates of interest <br />and upon the other terms set forth in this Resolution, and to pay <br />therefor the sum of $ plus interest accrued to <br />settlement, is hereby accepted. <br /> <br />3. Title: Oriqinal Issue Date: Denominations: Maturities: <br />Book Entrv Bonds. <br /> <br />(a) The Bonds shall be titled "General Obligation <br />Improvement Refunding Bonds, Series 1999B," shall be dated <br />November 1, 1999, as the date of original issue and shall be <br />issued forthwith on or after such date as fully registered <br />bonds. The Bonds shall be numbered from R-1 upward in the <br />denomination of $5,000 each or in any integral multiple <br />thereof of a single maturity. The Bonds shall mature on <br />February 1 in the years and amounts as follows: <br /> <br /> Year Amounts Year Amounts <br /> 2002 2007 <br />. 2003 2008 <br />2004 2009 <br /> 2005 2010 <br /> 2006 2011 <br /> <br />In lieu of the foregoing serial maturity schedule, at the <br />request of the Purchaser, if permitted, one or more term <br />Bonds may be delivered having mandatory sinking fund <br />redemptions corresponding to the applicable amounts above. <br /> <br />(b) Book Entrv Only System. The Depository Trust <br />Company, a limited purpose trust company organized under the <br />laws of the State of New York, or any of its successors to <br />its functions hereunder (the "Depository"), will act as <br />securities depository for the Bonds, and to this end: <br /> <br />. <br /> <br />(i) The Bonds shall be initially issued and, so <br />long as they remain in book entry form only (the "Book <br />Entry Only Period"), shall at all times be in the form <br />of a separate single fully registered Bond for each <br />maturity of the Bonds; and authorized denominations for <br />each maturity of Bonds shall be deemed to be limited <br />during the Book Entry Only Period to the outstanding <br />principal amount of that maturity. While in such book <br />entry form, the Bonds are sometimes hereinafter <br />referred to as being in "Book Entry Only Form." <br /> <br />1079939.1 <br /> <br />3 <br />