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The Series 2000 Bonds will be designated "City of Lakewood, Ohio Adjustable Rate Demand Educational Facilities Revenue Bonds, Series 2000 (St. Edward High School Project)." The aggregate principal amount of the Series 2000 Bonds shall be set forth in the certificate of award (the "Certificate of Award") to be executed by the Mayor or the Director of Finance pursuant to this Section 5. The Issuer may issue, sell and deliver Additional Bonds for any purpose authorized by the Act, upon satisfaction of the conditions and in the manner set forth in the Indenture. The Series 2000 Bonds shall be issued initially in the denominations of $100,000 and any integral multiple of $5,000 in excess thereof, or any such other authorized denomination as shall be set forth in the Certificate of Award. The Series 2000 Bonds shall be dated as of the date of their initial delivery, shall mature on December 1, 2025 or such other maturity date not later than December 31, 2030 as shall be set forth in the Indenture and the Certificate of Award, and shall have such terms, bear such interest (not to exceed 10% per annum) payable on each interest payment date (provided, however, that the first interest payment date shall be not later than December 1, 2000), and be subject to mandatory and optional redemption and optional and mandatory tender for purchase as provided in the Indenture and the Certificate of Award. This Council hereby authorizes Lancaster Pollard & Co., as the Remarketing Agent, to fix and establish the interest rate in effect from time to time on the Series 2000 Bonds in the manner and pursuant to the provisions of the Indenture and the Remarketing Agreement. (c) Execution. The Series 2000 Bonds shall be signed by the Mayor and the Director of Finance in their official capacities (provided that any or all of those signatures may be facsimiles). In case any officer whose signature or a facsimile thereof appears on the Series 2000 Bonds shall cease tc be such officer before the issuance or delivery of the Series 2000 Bonds, such signature or facsimile thereof shall nevertheless be valid and sufficient for all purposes, the same as if he or she had remained in office until after that time. (c) Book Entry_ System. The Series 2000 Bonds initially shall be issued solely in book entry form to the Depository Trust Company ("DTC") to be held in a book entry system as provided in the Indenture. There shall be a single Series 2000 Bond representing each maturity, and such Series 2000 Bonds shall be registered in the name of DTC or its nominee, as holder, and immobilized in the custody of DTC. The Series 2000 Bonds in book entry form shall not be transferable or exchangeable, except for (i) transfer to a successor to DTC or its nominee, (ii) withdrawal of the Series 2000 Bonds in book entry form from DTC as provided in the Indenture, and (iii) exchange of a Series 2000 Bond in book entry form for a Series 2000 Bond in book entry fom~ in the amount equal to the unmatured and unredeemed principal amount of, and bearing interest at the same rate and maturing on the same date as, the Series 2000 Bond being exchanged. The owners of book entry interests in the Series 2000 Bonds shall not have any right to receive Series 2000 Bonds in the form of physical certificates except in the circumstances described in the Indenture. Section 6. Sale of the Series 2000 Bonds. The Series 2000 Bonds are hereby sold and awarded to Lancaster Pollard & Co. (the "Original Purchaser") at a purchase price of not less than 97% of the aggregate principal amount of the Series 2000 Bonds, less any underwriter's discount. It is determined hereby that the purchase price and the manner of sale and the terms of the Series 2000