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<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 2006A 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 2006A
<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 2006A Bond prior to payment.
<br />
<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 />thirty 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 />
<br />6.03. The Series 2006A Bonds shall be initially issued in the form of a separate single
<br />typewritten or printed fully registered Series 2006A Bond for each of the maturities set forth in
<br />this Resolution. Upon initial issuance, the ownership of each such Series 2006A Bond shall be
<br />registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee
<br />for The Depository Trust Company, New York, New York, and its successors and assigns
<br />("DTC"). Except as provided in this Section, all of the outstanding Series 2006A Bonds shall be
<br />registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee
<br />ofDTC.
<br />
<br />6.04. With respect to Series 2006A Bonds registered in the registration books kept by
<br />the Registrar in the name of Cede & Co., as nominee ofDTC, the City, the Registrar and the
<br />Paying Agent shall have no responsibility or obligation to any broker dealers, banks and other
<br />financial institutions from time to time for which DTC holds Series 2006A 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 2006A Bonds, including but not limited to any responsibility Or obligation
<br />with respect to (i) the accuracy of the records ofDTC, Cede & Co. or any Participant with
<br />respect to any ownership interest in the Series 2006A Bonds, (ii) the delivery to any Participant
<br />or any other person other than a registered owner of Series 2006A Bonds, as shown by the
<br />registration books kept by the Registrar, of any notice with respect to the Series 2006A 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 2006A Bonds, or any amount with respect to principal of,
<br />premium, if any, or interest on the Series 2006A Bonds. The City, the Registrar and the Paying
<br />Agent may treat and consider the person in whose name each Series 2006A Bond is registered in
<br />the registration books kept by the Registrar as the holder and absolute owner of such Series
<br />2006A Bond for the purpose of payment of principal, premium and interest with respect to such
<br />Series 2006A Bond, for the purpose of registering transfers with respect to such Series 2006A
<br />Bonds, and for all other purposes. The Paying Agent shall pay all principal of, premium, if any,
<br />
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