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deemed necessary or advisable by their officers, to employ and pay fiscal agents, financial <br /> advisors, attorneys, and other persons to assist the City in such compliance. <br /> Section 18. Registered Form. The City recognizes that Section 149(a) of the Code <br /> requires the Bonds to be issued and to remain in fully registered form in order to be and remain <br /> tax-exempt. In this connection, the City agrees that it will not take any action to permit the Bonds <br /> to be issued in, or converted into, bearer or coupon form. <br /> Section 19. Reimbursement. With respect to expenditures for the Project paid within the <br /> 60 day period ending on this date and with respect to which no declaration of intent was previously <br /> made, the City hereby declares its intent to reimburse such expenditures and hereby allocates <br /> proceeds of the Bonds in the amount indicated in the Tax Exemption Certificate and Agreement <br /> to be delivered in connection with the issuance of the Bonds to reimburse said expenditures. <br /> Section 20. Rights and Duties of Bond Registrar and Paying Agent. If requested by the <br /> Bond Registrar or the Paying Agent, or both, any officer of the City is authorized to execute <br /> standard forms of agreements between the City and the Bond Registrar or Paying Agent with <br /> respect to the obligations and duties of the Bond Registrar or Paying Agent hereunder. In addition <br /> to the terms of such agreements and subject to modification thereby,the Bond Registrar and Paying <br /> Agent by acceptance of duties hereunder agree: <br /> (a) to act as bond registrar,paying agent, authenticating agent,and transfer agent <br /> as provided herein; <br /> (b) as to the Bond Registrar, to maintain a list of Bondholders as set forth herein <br /> and to furnish such list to the City upon request,but otherwise to keep such list confidential <br /> to the extent permitted by law; <br /> (c) as to the Bond Registrar, to give notice of redemption of Bonds as provided <br /> herein; <br /> -26- <br />