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Section 6. Registration; Transfer and Exchange; Book-Entry System. Registrar. So long as any of the Notes remain outstanding, the City must cause the Registrar to maintain the Register. The person in whose name a Note is registered on the Register will be regarded as the absolute owner of that Note for all purposes of the Note Proceedings. Payment of the Debt Service on any Note will be made only to or npon the order of that person. (b) (e) Transfer and Exchange. Any Note may be transferred or exchanged for Notes of any Authorized Danominafion, as provided in the Registrar Agreement. Book-Entry System. Unless otherwise provided in the Certificate of Award, the Notes must be originally issued in Book-Entry Form to a Depository, initially Depository Tmst Company, for use in a Book-Entry System upon the terms provided in the Registrar Agreement The City and the Registrar must recognize and treat the Depository as the owner of the Notes for all purposes, including payment of Debt Service, redeanption and other notices, and enforcement of remedies. If any Depository determines not to continue to act as a Depository for the Notes for use in a Book-Entry System or if the City determines to discontinue the Book- Entry System, the Director of Finance may attempt to establish a securities depository relationship with another qualified Depositbry. If the Director of Finance does not or is unable to do so, the Director'of Finance must direct the Registrar to make provision for notification of the book-entry interest turners by the Depository and to make any other arrangements necessary for the withdrawal' of the Notes fi.om the Book-Entry System. Section 7. Sale of the Notes. The Notes will be sold at private sale to the Underwriter, in accordance w~th law and the prowsions of this ordinance, at a purchase price to be determined by the Director of Finance in the Certificate of Award That purchase price must not be less than 97% of the principal amount of the Notes, plus any acemed interest on the Notes, if mxy, fi.om their date to the Closing Date. I'he Notes must be sold with and upon such other terms as are required or authorized by this ordinance m be specified in the Certificate of Award, in accordance with the law and the provisions of this ordinance. The Director of Finance is authorized, if she determines it to be in the best interests of the City, to combine the issue of the Notes with one or more other note issues of the City into a consolidated note issue in accordance with Section 133.30(B), Revised Code. The Director of Finance is hereby authorized and directed to execute and deliver the Certificate of Award. The Director of Finance must state in the Certificate of Award: the pnnctpal amount of the Notes: the interest rate on the Notes: the purchase price for the Notes; and any other terms required by this ordinance. The Director of Finance may state in the Certificate of Award any changes in the date_ the maturity date. the redemption provisions, and the designation of the Notes: whether the Notes are to be consolidated with other note issues: and any other terms authorized by this ordinance, subject to the limitations stated in this ordinance. The Director of Finance must sign and deliver the Certificate of Award and must cause the Notes to be prepared, signed, and delivered, together with a tree transcript of proceedings of the issuance of the Notes, to the Underwriter upon payment of the purchase price. Section 8. Financing Costs. The City retains the professional services and authorizes the payment of the Financing Costs for the Notes, es provided in this Section 8. Bond Counsel. The City retains the legal services of Vorys, Sater, Seymour and Pease LLP; as bond counsel for the Notes. The legal services will be in the nature of legal advice and reconnnendafions as to the documents and the proceedings in com~ecfion with the issuance and sale of the Notes and rendering legal opinions upon the delivery of the Notes. Bond counsel must render those services to the City in an attorney-client relationship. Bond counsel must be paid just and reasonable 3