5.2b ERMUSR 04-13-2021 - Laserfiche WebLink

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TEMPLATE RESOLUTION owners, as shown in the registration books kept by the Registrar, and all such payments will be valid and effectual to fully satisfy and discharge the Citys obligations with respect to payment of principal of, premium, if any, or interest on the Series 2021BBonds to the extent of the sum or sums so paid. No person other than a registered owner of Series 2021BBonds,as shown in the registration books kept by the Registrar, will receive a certificated Series 2021BBond evidencing the obligation of this resolution. Upon delivery by DTC to the City of a written notice to the effect that DTC has determined to substitutea new nominee in place of Cede & Co., the words Cede & Co.,will refer to such new nominee of DTC; and upon receipt of such a notice, the City will promptly deliver a copy of the same to the Registrar and Paying Agent, if the Paying Agent is other than the Registrar. 6.05.Representation Letter. The City has heretofore executed and delivered to DTC a govern payment of principal of, premium, if any, and interest on the Series 2021B Bonds and notices withrespect to the Series 2021B Bonds. Any PayingAgent or Registrar subsequently appointed by the City with respect to the Series 2021B Bonds will agreeto take all action necessary for all representations of the City in the Representation Letter with respect to the Registrar and Paying Agent, respectively, to be complied with at all times. 6.06.Transfers Outside Book-Entry System. In the event the City, by resolution of the Commission, determines that it is in the best interests of the persons having beneficial interestsin the Series 2021BBonds that they be able to obtain Series 2021BBond certificates, the City will notify DTC, whereupon DTC willnotify the Participants, of the availability through DTC of Series 2021BBond certificates. In such event the City willissue, transfer and exchange Series 2021BBond certificates as requested by DTC and any other registered owners in accordance with the provisions of this Resolution. DTC may determine to discontinue providing its services with respect to the Series 2021BBonds at any time by giving notice to the City and discharging its responsibilities with respect thereto under applicable law. In such event, if no successor securities depository is appointed, the City willissue and the Registrar willauthenticate Series 2021BBond certificates in accordance with this resolution and the provisions hereof willapply to the transfer, exchange and method of payment thereof. 6.07.Payments to Cede & Co.Notwithstandingany other provision of this Resolution to the contrary, so long as aSeries 2021BBond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of, premium, if any, andinterest on the Series 2021BBond and allnotices with respect to theSeries 2021BBond will be made and given, respectively in the manner provided in the Representation Letter. Section 7.Notice of Redemption. At least 20days before the date set for mandatory redemption of any Series 2021BBond, the City shall cause notice of such redemption to be mailed to the registeredHolder of each Series 2021BBond to be redeemed, but no defect in or failure to give such mailed notice of redemption shall affect the validity of proceedings for the redemption of any Series 2021BBond not affected by such defect or failure. Thenotice of redemption shall specify the redemption date, redemption price, the numbers, interest rates and CUSIP numbers of the Series 2021BBonds to be redeemed and the place at which the Series 2021BBonds are to be surrendered for payment, which shall be the principal office of the 11 EL185-68-707442.v2 397