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(b) <br /> <br />Year Amount Year Amount <br /> <br />2003 $25,000 2010 $65,000 <br />2004 50,000 2011 70,000 <br />2005 50,000 2012 70,000 <br />2006 55,000 2013 75,000 <br />2007 55,000 2014 80,000 <br />2008 60,000 2015 80,000 <br />2009 65,000 <br /> <br />As may be permitted in the offering of the Bonds and as may be requested by <br />the Purchaser, one or more term Bonds may be issued having mandatory <br />sinking fund redemption and final maturity amounts conforming to the <br />foregoing principal repayment schedule, and corresponding additions may be <br />made to the provisions of the applicable Bond(s). <br /> <br />Book Entry Only System. The Depository Trust Company, in New York, <br />New York, pursuant to a certain Blanket Issuer Letter of Representations to <br />be executed by the City and accepted by said Trust Company (as the same <br />may be supplemented or superseded, and including all provisions thereof and <br />rules, procedures or practices referenced therein, the "Letter of <br />Representations"), or any of its successors to its functions hereunder (the <br />"Depository"), will act as securities depository for the Bonds, and to this end: <br /> <br />(i) <br /> <br />The Bonds shall be initially issued and, so long as they remain in <br />book entry form only (the "Book Entry Only Period"), shall at all <br />times be in the form of a separate single fully registered Bond for <br />each maturity of the Bonds; and authorized denominations for each <br />maturity of Bonds shall be deemed to be limited during the Book <br />Entry Only Period to the outstanding principal amount of that <br />maturity. While in such book entry form, the Bonds are sometimes <br />hereinafter referred to as being in "Book Entry Only Form." <br /> <br />Upon initial issuance, ownership of the Bonds shall be registered in <br />a bond register maintained by the Bond Registrar described in this <br />Resolution in the name of CEDE & CO., as the nominee (it or any <br />nominee of the existing or a successor Depository, the "Nominee"). <br /> <br />(iii) <br /> <br />With respect to the Bonds, neither the City nor the Bond Registrar <br />shall have any responsibility or obligation to any broker, dealer, bank, <br />or any other financial institution for which the Depository holds <br />Bonds as securities depository (the "Participant") or to the person for <br />which a Participant holds an interest in the Bonds shown on the books <br /> <br />1217682.1 2 <br /> <br /> <br />