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<br />Section 4. The debt charges on the Notes shall be payable in Federal Reserve funds of the <br />United States of America, without deduction for services of the City's paying agent, at the <br />designated corporate trust office of U.S. Bank National Association, Cleveland, Ohio, or at the <br />designated office of a bank or trust company requested by the original purchaser of the Notes, <br />provided that such request shall be approved by the Director of Finance after determining that the <br />payment at that bank or trust company will not endanger the funds or securities of the City and that <br />proper procedures and safeguards are available for that purpose. <br />Section 5. The Notes shall be signed by the Mayor and Director of Finance, in the name of <br />the City and in their official capacities, provided that one of those signatures may be a facsimile. <br />The Notes shall be issued in the denominations and numbers as requested by the original purchaser <br />and approved by the Director of Finance, provided that the entire principal amount may be <br />represented by a single note and that no Note shall be issued in a denomination less than $ 100,000 <br />or exchangeable for other Notes in denominations less than $100,000. The Notes may be issued as <br />fully registered securities (for which the Director of Finance will serve as note registrar) and in book <br />entry or other uncertificated form in accordance with Section 9.96 and Chapter 133 of the Revised <br />Code, with a single physical note certificate representing the entire issue (or the consolidated issue <br />into which it is combined with one or more other note issues of the City in accordance with Section <br />6), if it is determined by the Directar of Finance that issuance of fully registered securities in that <br />form will facilitate the sale and delivery of the Notes. The Notes shall not have coupons attached, <br />shall be numbered as determined by the Director of Finance and shall express upon their faces the <br />purpose, in summary terms, for which they are issued and that they are issued pursuant to this <br />ordinance. <br />As used in this Section and this ordinance: <br />"Book entry form" or "book entry system" means a form or system under which (i) the <br />ownership of beneficial interests in the Notes and the principal of, and interest on, the Notes (book <br />entry interests) may be transferred only through a book entry, and (ii) a single physical Note <br />certificate is issued by the City and payable only to a Depository or its nominee, with such Notes <br />deposited with and retained in the custody of the Depository or its agent for that purpose. The book <br />entry maintained by others than the City is the record that identifies the owners of book entry <br />interests in the Notes and that principal and interest. <br />"Depositor-}?" means any security depository that is a clearing agency under federal law <br />operating and maintaining, with its Participants or otherwise, a book entry system to record <br />ownership of book entry interests in the Notes or the principal of, and interest on, the Notes and to <br />effect transfers of the Notes, in book entry form, and includes and means initially The Depository <br />Trust Company (a limited purpose trust company), New York, New York. <br />"Participant" means any participant contracting with a Depository under a book entry <br />system and includes security brokers and dealers, banks and trust companies, and clearing <br />corporations. <br />-2- <br />,..?.x?