2025-032 Ordinance - Laserfiche WebLink

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one of thou signatures may be a facsimile. The Notes shall be issued in the denominations and numbers as requested by tie Original Purchaser and approved by the Director of Finance, provided thin the more principal amount may be represented by a single note, and provided fuller than no Note shill he issued, or exchangeable for other Notes, in a denomination less than $100,M. The Notes may be issued as fully registered securities (for which the Director of Finance will serve as note regish w and to book entry or other uncerificetx! forth in accordance with Section 9.96 and Chapter 133 of the Revised Cade, with a single physical note certificate representing the entire issue (or the consolidmN issue into which it is combined with one or more other note issues of the City in accordance with Section 6), if it is determined by the Director of Finance that issuance of fully registered securities in that foam will facilitate the sale and delivery of the Notes. The Nees shall not have coupons atached, shall he numbered as detemdred by the Director of Finance and shall express upon then faces the purpose, in summary terms, for which they are issued and that they, are issued pursuant to this Ordinance. As used in this Section and thus Ordinance: "Rook entry form" or "book entry system" meaty a form or system miler which (i) the ownerslvp of beneficial intents in the Notes and the principal of, and interest on, the Notes (book entry interests) may be tavdered oily through a book entry, and (ii) a single physical Note certificate is issued by the City and payable oily to a Depository or its nomime, with such Notes deposited with and retained in the custody of the Depository or its agent for that purpose. The boa entry maintained by crimes tan the City is to mount that identifies the owners of book entry interests in the Notes and that principal all interest "Depositary" means any security depository that is a clearing agency under federal law operating and maintaining, with its Participants or otherwise, a book entry system to record ownership of book entry interests in the Notes or the principal of, and interest on, the Now; and to effect tr sters of the Notes, in book entry form, and includes and means initially The Depository Trust Company (a limited puryose must company). "Participant" means any participant contracting with a Depository under a bock entry system and includes security brokers and dealers, books and must companies, and cleating corporations. The Notes may be issued to a Depository for use in a book entry system art, if and as long as a book entry system is utilized, (i) the Nees may be issued in the form of a single Now made payable to the Depository or its raminee and deposited with and reamed in the custody of the Depository or its agent for that purpose; (h) the owners of book entry interests shall have no right on reso�ive the Notes in the form of physical savrities or certificates; (in) ownership of book carry interests shall bs shown by bock entry on the system maimaind and operated by the Depository and its Participants, all numbers of the owmenhip of book entry interests shall be made only by book entry by the Depository awl its Participant; all (iv) the Notes as such shall not be transferable or exchangeable, except for transfer to another Depository, or in another nominee of a Depository, without finther action by the City. If any Depository debutantes not to continue to act as a Depository for the Notes for use in a book entry system, the Director of France may aaempt to establish a securities depositorybook -3-