Laserfiche WebLink
, <br /> notice of redemption, or (c) the payment to any Depository Participant or any other person, other <br /> than a registered owner of a Bond as shown in the Bond Register, of any amount with respect to <br /> principal of or interest on the Bonds. <br /> No person other than a registered owner of a Bond as shown in the Bond Register shall <br /> receive a Bond certificate with respect to any Bond. Upon delivery by the Depository to the <br /> Bond Registrar of written notice to the effect that the Depository has determined to substitute a <br /> new nominee in place of CEDE & Co., and subject to the provisions hereof with respect to the <br /> payment of interest to the registered owners of Bonds at the close of business on the 1 st day of <br /> the month of the applicable interest payment date, the name "CEDE & Co." in this Ordinance <br /> shall refer to such new nominee of the Depository. <br /> In the event that(a) the City determines that the Depository is incapable of discharging its <br /> responsibilities described herein and in the Representation Letter, (b) the agreement among the <br /> City, the Bond Registrar and the Depository evidenced by the Representation Letter shall be <br /> terminated for any reason, or (c) the City determines that it is in the best interests of the <br /> beneficial owners of the Bonds that they be able to obtain certificated Bonds, the City shall <br /> notify the Depository of the availability of Bond certificates, and the Bonds shall no longer be <br /> restricted to being registered in the Bond Register in the name of CEDE & Co., as nominee of the <br /> Depository. The City may determine that the Bonds shall be registered in the name of and <br /> deposited with a successor depository operating a book-entry system, as may be acceptable to the <br /> City, or such depository's agent or designee, and if the City does not select such alternate <br /> book-entry system, then the Bonds may be registered in whatever name or names registered <br /> owners of Bonds transferring or exchanging Bonds shall designate, in accordance with the <br /> provisions hereof. Notwithstanding any other provision of this Ordinance to the contrary, so <br /> long as any Bond is registered in the name of CEDE & Co., as nominee of the Depository, all <br /> -15- I <br />