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-2 - <br />transfer thereof and the registrar therefor; and whether or not the Bonds shall be subject to <br />redemption prior to their stated maturity or maturities and, if subject to such redemption, the <br />premiums, if any, payable upon such redemption and the respective periods in which such <br />premiums are payable. <br />(b) , In the event the Bonds of any series shall be dated as of a date other than <br />the first day of a calendar month or the dates on which interest is payable on such series are other <br />than the first days of calendar months, the provisions of Paragraph 2 with regard to the <br />authentication of such Bonds and of Paragraph 9 with regard to the form of such Bonds shall be <br />modified as the City Manager shall determine to be necessary or appropriate. <br />(c) If the Bonds of any series are subject to redemption and if any Bonds (or <br />portions thereof in installments of $5,000 or any integral multiple thereof) are to be redeemed, <br />notice of such redemption specifying the date, numbers and maturity or maturities of the Bond or <br />Bonds to be redeemed, the date and place or places fixed for their redemption, the premium, if <br />any, payable upon such redemption and, if less than the entire principal amount of a Bond called <br />for redemption is to be redeemed, that such Bond must be surrendered in exchange for payment <br />of the principal amount thereof to be redeemed and the issuance of a new Bond or Bonds equalling <br />in principal amount that portion of the principal amount of such Bond not to be redeemed, shall <br />be mailed not less than thirty (30) days prior to the date fixed for redemption, by first class mail, <br />• postage prepaid, to the registered owner of such Bond at his address as it appears on the books of <br />registry kept by the registrar for the Bonds (the "Registrar") as of the close of business on the <br />forty-fifth (45th) day next preceding the date fixed for redemption. If any Bonds shall have been <br />called .for redemption and notice. thereof shall have been given as hereinabove set forth, and <br />payment of the principal amount of such Bonds (or of the principal amount thereof to be <br />redeemed) and of the accrued interest and premium, if any, payable upon such redemption shall <br />.have been duly made or provided for, interest on such Bonds shall cease to accrue from and after <br />the date so specified for the redemption thereof. <br />(d) The Bonds shall be issued, upon initial issuance, in fully registered form <br />and registered in the name of Cede & Co., as nominee of The Depository Trust Company, New <br />York, New York ("DTC"), as registered owner of the Bonds, and immobilized in the custody of <br />DTC. One fully registered Bond in the principal amount of each maturity shall be registered to <br />Cede & Co. Beneficial owners of Bonds shall not receive physical delivery of Bonds. Individual <br />purchases of Bonds may be made in book -entry form only in principal amounts of $5,000 and <br />integral multiples thereof. Principal, premium, if any, and interest payments on the Bonds shall <br />be made to DTC or its nominee as registered owner of such Bonds on the applicable payment date. <br />2. (a) The Bonds shall be executed, for and on behalf of the City, by the <br />manual or facsimile signature of the Mayor and the City Treasurer of the City and shall have a <br />facsimile of the corporate seal of the City imprinted thereon, attested by the manual or facsimile <br />signature of the Clerk of Council of the City. <br />373936.1 022828 ORD <br />