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� <br /> Section 8. Book Entry; Registration and Exchange or Transfer of Bonds; Persons <br /> Treated as Owners. (a)Book-Entry. The Bonds shall be initially issued in the Book Entry Form. <br /> Upon initial issuance, the ownership of each such Bond shall be registered in the Bond Register <br /> therefor in the name of CEDE & Co., or any successor thereto, as nominee of the Depository. All <br /> of the outstanding Bonds from time to time shall be registered in the Bond Register in the name <br /> of CEDE & Co., as nominee of the De osito . An Desi nated Officer is authorized to execute <br /> P rY Y g <br /> and deliver on behalf of the City a Representation Letter. Without limiting the generality of the <br /> authority given to such Designated Officer with respect to entering into such Representation <br /> Letter, it may contain provisions relating to (a) payment procedures, (b) transfers of the Bonds or <br /> of beneficial interest therein, (c) redemption notices or procedures unique to the Depository, <br /> (d) additional notices or communications, and (e) amendment from tim� to time to conform with <br /> changing customs and practices with respect to securities industry transfer and payment <br /> practices. <br /> With respect to Bonds registered in the Bond Register in the �ame of CEDE & Co., as <br /> nominee of the Depository, the City and the Bond Registrar shall have no responsibility or <br /> obligation to any broker-dealer, bank or other financial institutions for which the Depository <br /> holds Bonds from time to time as securities depository (each such broker-dealer, bank or other <br /> financial institution being refened to herein as a "Depository Participant") or to any person on <br /> behalf of whom such a Depository Participant holds an interest in the Bonds. Without limiting <br /> the meaning of the immediately preceding sentence, the City and the $ond Registrar shall have <br /> no responsibility or obligation with respect to (a) the accuracy of the records of the Depository, <br /> CEDE & Co., or any Depository Participant with respect to any ownership interest in the Bonds, <br /> (b) the delivery to any Depository Participant or any other person, other than a registered owner <br /> of a Bond as shown in the Bond Register, or any notice with respect to the Bonds, including any <br /> -14- <br />