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for the Notes (as defined below), or to the original purchaser if the Director of Finance is the <br /> Paying Agent. In addition, the Notes shall be issued in the numbers and denominations <br /> requested by the original pwchaser, shall be payable as to both principal and interest at the office <br /> of the Director of Finance or at a bank or trust company designated by the Director of Finance <br /> (herein individually or collectively the "Paying Agent"), without deduction for exchange, <br /> collecfion or service chazge; and shall be payable in Federal Reserve funds of the United States <br /> of America if requested by the original pwchaser. <br /> Section 4. Pwsuant to Section 133.30(B) of the Ohio Revised Code, the Drector <br /> of Finance may combine the Notes with other notes into a single consolidated issue of notes for <br /> purposes of their sale as a single issue, to be designated "Various Purpose General Obligafion <br /> Bond Anticipation Notes, Series 200fi" Such notes shall contain a summary statement of i <br /> purposes encompassing the purpose for which the Notes are issued, shall be issued in the <br /> numbers and denominations requested by the original purchaser, and shall be executed by the <br /> Mayof and the Director of Finance of the City, provided that one of such signatures may be a <br /> facsimile signature, <br /> The Notes, pursuant to the terms set forth below, may also be issued to a <br /> Depository (as hereinafter defined) for use in a book-entry system (as hereinafter defined). The <br /> Director of Finance is hereby authorized and directed, to the extent necessary or required, to <br /> enter into any agreements determined necessary in connection with the authentication, <br /> immobilization, and transfer of Notes, including ama.ngements for the payment of principal and <br /> interest by wire transfer, after determining that the exeoufion thereof will not endanger the funds <br /> or securities of the City, which determination shall be conclusively evidenced by the signing of <br /> any such agreement <br /> If and as long as a book-entry system is utilized, (i) the Notes shall be issued in <br /> the form of one note in the name of the Depository or its nominee, as owner, and immobilized in <br /> the custody of the Depository; (ii) the beneficial owners in book-entry form shall have no right to <br /> receive Notes in the form of physical securities or certificates; (iii) ownersMp of beneficial <br /> interests in book-entry form shall be shown by a book entry on the system maintained and <br /> operated by the Depository and its Participants (as hereinafter defined), and transfers of the <br /> ownership of beneficial interests shall be made only by book entry by the Depository and its <br /> Participants; and (iv) the Notes as such shall not be transferable or exchangeable, except for <br /> transfer to another Depository or to another nominee of a Depository, without further acfion by <br /> the Council of the City, <br /> df any Depository deterrrrines not to continue to act as a Depository for the Notes <br /> for use in a book-entry system, the Director of Finance may attempt to have established a <br /> securities depository/book-entry relationship with another qualified Depository If the Director <br /> of Finance does not or is unable to do so, the Director of Finance, after making provision for <br /> notification of the beneficial owners by the then Depository and any other arrangements he <br /> deems necessary; shall pemut withdrawal of the Notes from the Depository, and authenticate and <br /> deliver note certificates in beazer or registered form, as he determines, to the assigns of the <br /> Depository or its nominee, all at the cost and expense (including any costs of printing), if the <br /> event is: not the result of Council action or inaction, of those persons requesting such issuance. <br /> As used in this Section and this Ordinance' <br /> "Book-entry form" or "book-entry system" means a form or system under which <br /> (i) the beneficial right to principal and interest may be transferred only through a book entry and <br /> (ii) physical notes aze issued only to a Depository or its nominee as owner, with the notes <br /> "immobilized" to the custody of the Depository, and the book entry is the record that identifies <br /> the owners of beneficial interests in that principal and interest. <br /> "Depository" means any securities depository that is a cleazing agency under <br /> federal law operating and maintaining abook-entry system to record beneficial ownership of the <br /> <br /> right to principal and interest, grid to effect transfers of notes, in book-entry form, and includes <br /> and means initially The Depository Tmst Company (a limited purpose trust company), New <br /> <br /> York, New York <br /> (2006 BANSDOC;I} 2 <br /> <br />