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<br />( <br /> <br />( <br /> <br />exchange of Bond certificates in registered form or Bonds <br />system for bonds payable to bearer, bearing interest at <br />maturing on the same date. <br /> <br />If the Series Legislation applicable to a series of Bonds authorizes <br />and directs the use of a Book-entry system for such Bonds, the Fiscal Officer is <br />hereby authorized and directed to engage the services of The Depository Trust <br />Company ("DTC") or another Depository in connection with depository services for <br />the Bonds, including holding the Bonds in Book-entry form and to enter into any <br />agreements with DTC or such other Depository, the Fiscal Agent and any other <br />party necessary or appropriate for the engagement of such services. <br /> <br />under a Book-entry <br />the same rate and <br /> <br />The Fiscal Officer is also hereby authorized and directed, to the <br />extent necessary or required, to enter into any agreements in addition to this <br />General Bond Legislation with the Fiscal Agent and Registrar and other parties <br />determined necessary in connection with the payment, registration, <br />authentication, immobilization, exchange and transfer of Bonds, including <br />arrangements for the payment of principal and interest by wire transfer, after <br />determining that the execution thereof will not endanger the funds or securities <br />of the Issuer. <br /> <br />(h) Notes in anticipation of Bonds. All Notes shall be designated <br />"Sanitary Sewer System Special Obligation Bone! Anticipation Notes" and Notes of <br />each series shall, in addition, bear a series designation to distinguish them <br />from other series of Notes (such as "Series 1991"). The Notes shall express on <br />their faces the purpose for which issued consistent with subsection (b) of this <br />Section, that they are issued in anticipation of the issuance of Bonds, that they <br />are issued pursuant to this General Bond Legislation and the applicable Series <br />Legislation and shall bear such other statements or legends as may be required <br />by law, by this General Bond Legislation and by the applicable Series <br />Legislation. The Notes (i) shall be issued in bearer form, unless otherwise <br />provided for in the applicable series Legislation; (ii) shall bear interest as <br />provided for in the applicable Series Legislation payable at maturity; (iii) <br />shall be dated their date of issuance and shall mature not more than one year <br />from their date of issuance as provided for in the applicable series Legislation; <br />(iv) shall be payable as to both principal and interest upon presentation and <br />surrender thereof at the principal corporate trust office of the Fiscal Agent or <br />at the office, designated by the Fiscal Agent, of any other Paying Agent; (v) <br />shall not be subject to redemption prior to maturity; and (vi) shall be issued <br />in such numbers and denominations as requested by the original Purchaser. All <br />Notes shall be negotiable instruments and Bond Service Charges on all Notes shall <br />be payable in lawful money of the united states of America. <br /> <br />Section 5. Reaistration. Pavment. Transfer and Exchanae of Bonds. <br />The Bonds shall be issued only in fully registered form and shall be registered <br />as to both principal and interest at the corporate trust office of the Registrar. <br /> <br />The principal of and any premium on Bonds shall be payable when due <br />(whether at maturity or by mandatory sinking fund redemption) (i) on any Band <br />held in a Book-entry system, registered in the name of a Depository or its <br />nominee, in next day or federal funds by check or wire transfer delivered or <br />transmitted to the Depository or its authorized representative upon presentation <br />and surrender of such Bone! at the principal corporate trust office of the Fiscal <br />Agent or at the office designated by the i'iscal Agent, of any other Paying Agent, <br />and (ii) on any Bond not in a Book-entry system to a Holder upon presentation and <br />surrender of such Bond at the principal corporate trust office of the Fiscal <br />Agent or at the office, designated by the Fiscal Agent, of any other Paying <br />Agent. Interest on any Bond shall be paid on each Interest Payment Date (i) on <br />any Bond held in a Book-entry system, registered in the name of a Depository or <br />its nominee, in next day or federal funds by check or wire transfer delivered or <br />transmitted to the Depository or its nominee that was the Holder of such Bond (or <br />of one or more predecessor Bonds) as of the close of businesS on the Regular <br /> <br />-9- <br />