2025-030 Ordinance - Laserfiche WebLink

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one of those signatures may he a facsimile. The Notes shell be issued m the denominations and numbers as relocated by the Original Purchaser and approved by the Director of Finsneq provided Had the entire principal smoant may be represented by a single note, and provided furNa!Iron rc Note shall be issued, or exchangeable for other Notes, in a den minsmon less thin $1W DM. The Notes MY be issued as fully registered securities (for which the Director of Finance will serve as time registrar) and in book entry or other Woomificated forth in accordance with Section 9.96 and Chapter 133 of the Revised Code, with a single physical were certificate representing the cadre issue (or the consolidated issue into which it is combined with one or more other noto issues of the City in accordance with Section 6), if it is determined by the Director of Finance that issuance of fully registered sec nfies in that form will fsciliate the We and delivery of the Notes. The Notes shall not have coupons anached, shall be marketed as determined by the Director of Finance and shall express upon their feces the purpose, in summary memos, for which they are issued and that they are issued pursuant to this ONinance. As used in dds Secfion and this Ordinance: "Book entry forth" or "book entry sysem" means a form or system under which (i) the ownership of beneficial interests in the Notes and the principal of, and namint on, the Notes (book entry interests) miY be transferred only through a book entry, and (ii) a single physical Nine certificate is issued by the City and payable only to a Deposimry or its nominee, with such Notes deposited with and centred in the custody of the Depository, or its agent for then purpose. The book entry maintained by others than the City is the record that identifies the owners of book entry interests in the Notes and that principal and interest. "Depository" means arty security depository that is a clearing agency under federal law operating and maintaining, with its Participants or otherwise, a book may system In record owacedUp of book MOY interests in the Notes or the principal at and interest am the Notes and to effect aansfers of the Nees, in book carry foam, and includes and means initially The Deposiory Trust Company (a Whited purpose tout company). "Participant" meat; my parfiripant contracting with a Depository under a book entry system and includes security brokers and dealers, banks and trust companies, and clearing corporations. The Nees may he issued m a Depository for use in a book may system and, if and as long m a book entry system is ufiliz (i) the Notes may he issued in the foam of a single Note made payable to the Depository or its immune and deposited with and retained in the custody of the Depository or its agent for that purpose; (ii) the owners of book entry interests shall have no right to receive the Notes in the form of physical securities or certificates; (iii) ownership of book entry interess shall he drown by book entry on the system maintained and operated by the Depository and IN Participants, and trauf of the ownership of book May interests shall be made only by book carry by the Depository and its Participants; and (iv) the Notes as such shall not be transfnable or exchangeable, except for herafew to anothff Depository or to mother nominee of a Depository, without further action by the City. If my Depository determines not to continue to act as a Depository for the Notes for use m a book may system, the Director of Finance may attempt to esmblisk a securifies depository/book .3.