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<br />EL185-68-707442.v4
<br />and, in the case of a Series 2021B Bond destroyed, stolen or lost, upon filing with the
<br />Registrar of evidence satisfactory to the Registrar that the Series 2021B Bond was
<br />destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the
<br />Registrar an appropriate bond or indemnity in form, substance and amount satisfactory to
<br />it and as provided by law, in which the City, the Commission, and the Registrar must be
<br />named as obligees. Series 2021B Bonds so surrendered to the Registrar will be cancelled
<br />by the Registrar and evidence of such cancellation must be given to the Commission. If
<br />the mutilated, destroyed, stolen or lost Series 2021B Bond has already matured or been
<br />called for redemption in accordance with its terms it will not be necessary to issue a new
<br />Series 2021B Bond prior to payment.
<br />6.02. Appointment of Initial Registrar. The City appoints U.S. Bank National
<br />Association, St. Paul, Minnesota, as the initial Registrar. The President and Secretary are
<br />authorized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon
<br />merger or consolidation of the Registrar with another corporation, if the resulting corporation is a
<br />bank or trust company authorized by law to conduct such business, the resulting corporation is
<br />authorized to act as successor Registrar. The City agrees to pay the reasonable and customary
<br />charges of the Registrar for the services performed. The City reserves the right to remove the
<br />Registrar upon 30 days’ notice and upon the appointment of a successor Registrar, in which
<br />event the predecessor Registrar must deliver all cash and Series 2021B Bonds in its possession to
<br />the successor Registrar and deliver the bond register to the successor Registrar. On or before
<br />each principal or interest due date, without further order of this Commission, there shall be
<br />transmitted to the Registrar, from amounts on hand in the Debt Service Account available
<br />therefore, an amount sufficient to pay all principal and interest then due on the Bonds.
<br />6.03. Initial Issue. The Series 2021B Bonds will be initially issued in the form of a
<br />separate single typewritten or printed fully registered Series 2021B Bond for each of the
<br />maturities set forth in this Resolution. Upon initial issuance, the ownership of each such Series
<br />2021B Bond will 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 />2021B Bonds will 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 2021B 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 will have no responsibility or obligation to any broker dealers, banks and other
<br />financial institutions from time to time for which DTC holds Series 2021B Bonds as securities
<br />depository (the “Participants”) or to any other person on behalf of which a Participant holds an
<br />interest in the Series 2021B Bonds, including but not limited to any responsibility or obligation
<br />with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant with
<br />respect to any ownership interest in the Series 2021B Bonds, (ii) the delivery to any Participant
<br />or any other person other than a registered owner of Series 2021B Bonds, as shown by the
<br />registration books kept by the Registrar, of any notice with respect to the Series 2021B Bonds,
<br />including any notice of redemption, or (iii) the payment to any Participant or any other person,
<br />other than a registered owner of Series 2021B Bonds, of any amount with respect to principal of,
<br />premium, if any, or interest on the Series 2021B Bonds. The City, the Registrar and the Paying
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